PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0098%/8h= −10.7% APRnext payment −$0.12 per $10,000 · paid last 24h −0.060%

Price spread now: Deribit against Aevo+0.030%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aevo Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Deribit is 0.030% dearer against Aevo than usual: you sell high and buy low (spread +0.030% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 25 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo PENDLE-PERP	2.4638	0.0064	pay 0.0008% / 1h	41m 44s	$26K	—	3x
Short	Deribit PENDLE_USDC-PERPETUAL	2.4646	−0.0034	pay 0.0004% / 1h	41m 44s	$25K	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Aevo. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AevobpFee DeribitbpOrdersPrice spread, now +0.030%Rate

Funding earned: −$20.57
Price spread: +0.030% → 0.000%: $3.04
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$40.52
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Deribit: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aevo no order-book sample	—	—	—	—	—
Sell Deribit no order-book sample	—	—	—	—	—

Aevo and Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

PENDLE on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective PENDLE/USDC PERP	−0.4334%	1h	2.4400	−0.968%	$2K	$54K	5.5x	as long as short
Extended PENDLE-USD	−0.0064%	1h	2.4681	+0.173%	$159K	$570K	10x	as long as short
MEXC PENDLE_USDT	−0.0061%	8h	2.4690	+0.209%	$17.3M	$1.9M	125x	as long as short
Binance PENDLEUSDT	−0.0060%	8h	2.4684	+0.185%	$26.2M	$44.1M	75x	as long as short
BloFin PENDLE-USDT	−0.0057%	8h	2.4675	+0.148%	$1.2M	$627K	75x	as long as short
Aster PENDLEUSDT	−0.0039%	8h	2.4686	+0.193%	$47K	$178K	10x	as long as short
Orderly PERP_PENDLE_USDC	−0.0035%	8h	2.4647	+0.034%	$19K	$15K	10x	as long as short
Deribit PENDLE_USDC-PERPETUALshort	−0.0034%	1h	2.4646	+0.030%	$25K	$14K	10x
Gate PENDLE_USDT	−0.0011%	8h	2.4680	+0.168%	$716K	$1.1M	75x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.4678	+0.162%	$10K	—	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni PENDLE	+0.0039%	8h	2.4660	+0.089%	$563K	$1.7M	—	as long as short
Reya PENDLERUSDPERP	+0.0063%	1h	2.4634	−0.016%	$3K	—	15x	as long as short
Aevo PENDLE-PERPlong	+0.0064%	1h	2.4638	long leg	$26K	—	3x
GRVT PENDLE_USDT_Perp	+0.0086%	8h	2.4668	+0.121%	$408K	$1.8M	10x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4695	+0.229%	$527K	$414K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4683	+0.182%	$35K	$13K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4670	+0.128%	$14.6M	$12.3M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4690	+0.209%	$3.1M	$6.2M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4688	+0.201%	$868K	$583K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4692	+0.217%	$3.7M	$2.4M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4698	+0.241%	—	$8.6M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4669	+0.125%	$24K	$379K	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	2.4675	+0.148%	$75K	$235K	50x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4657	+0.075%	$16K	$8K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4649	+0.043%	$1K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0196% / S −0.0222%	1h	2.4628	−0.043%	$5K	—	100x	as long as short
Hyperliquid PENDLE	+0.0437%	1h	2.4737	+0.400%	$12.9M	$6.3M	5x	as long as short
Backpack PENDLE_USDC_PERP	+0.0548%	1h	2.4705	+0.270%	$356K	$477K	15x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0608%	1h	2.4620	−0.075%	$148K	$492K	25x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1178%	1h	2.4692	+0.219%	$115K	$277K	20x	as long as short