PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0052%/8h= +5.7% APRnext payment +$0.07 per $10,000 · paid last 24h +0.018%

Price spread now: Hyperliquid against Aevo+0.170%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 Hyperliquid

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—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Hyperliquid is 0.170% dearer against Aevo than usual: you sell high and buy low: +$17 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo PENDLE-PERP	2.5235	0.0048	pay 0.0006% / 1h	28m 20s	$26K	—	3x
Short	Hyperliquid PENDLE	2.5278	0.0100	get 0.0013% / 1h	28m 20s	$13.0M	$6.4M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.170%Rate

Funding earned: $10.92
Price spread: +0.170% → 0.000%: $17.03
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $2.95
Costs to cover: 0.250%
Break-even: 5.1 days

Slippage unknown: Aevo: no order-book sample; Hyperliquid: live order book, 4 min ago. 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 Hyperliquid live order book, 4 min ago	1.99 bp	13.3 bp −$13	doesn't fit	doesn't fit	doesn't fit

Aevo: 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 29 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	−0.4742%	1h	2.4870	−1.446%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0501%	1h	2.5283	+0.190%	$26K	$14K	10x	as long as short
ApeX Omni PENDLEUSDT	−0.0235%	1h	2.5127	−0.428%	$77K	$236K	50x	as long as short
GRVT PENDLE_USDT_Perp	−0.0124%	8h	2.5140	−0.376%	$417K	$1.7M	10x	as long as short
Extended PENDLE-USD	−0.0120%	1h	2.5259	+0.096%	$168K	$566K	10x	as long as short
MEXC PENDLE_USDT	−0.0119%	8h	2.5232	−0.012%	$17.4M	$1.8M	125x	as long as short
Binance PENDLEUSDT	−0.0117%	8h	2.5257	+0.087%	$27.2M	$43.4M	75x	as long as short
Bybit PENDLEUSDT	−0.0089%	8h	2.5270	+0.139%	$15.3M	$12.1M	50x	as long as short
Variational Omni PENDLE	−0.0043%	8h	2.5131	−0.412%	$599K	$1.8M	—	as long as short
Orderly PERP_PENDLE_USDC	−0.0037%	8h	2.5273	+0.151%	$20K	$16K	10x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PENDLEUSDT	−0.0009%	8h	2.5231	−0.014%	$50K	$181K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5214	−0.082%	$11K	—	5x	as long as short
Gate PENDLE_USDT	+0.0020%	8h	2.5240	+0.020%	$767K	$1.2M	75x	as long as short
Aevo PENDLE-PERPlong	+0.0048%	1h	2.5235	long leg	$26K	—	3x
Reya PENDLERUSDPERP	+0.0055%	1h	2.5234	−0.003%	$4K	—	15x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5206	−0.115%	$536K	$416K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5230	−0.021%	$35K	$16K	10x	as long as short
Hyperliquid PENDLEshort	+0.0100%	1h	2.5278	+0.170%	$13.0M	$6.4M	5x
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5260	+0.099%	$3.2M	$6.2M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5237	+0.008%	$871K	$595K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5257	+0.087%	$3.8M	$2.5M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5240	+0.020%	—	$33.8M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5132	−0.409%	$25K	$382K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5244	+0.036%	$16K	$20K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5260	+0.099%	$1K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0158% / S −0.0256%	1h	2.5269	+0.136%	$7K	—	100x	as long as short
Backpack PENDLE_USDC_PERP	+0.0414%	1h	2.5219	−0.063%	$354K	$483K	15x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0632%	1h	2.5270	+0.139%	$146K	$474K	25x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0860%	1h	2.5334	+0.392%	$118K	$290K	20x	as long as short