PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0557%/8h= +61.0% APRnext payment +$0.70 per $10,000 · paid last 24h +0.319%

Price spread now: Kraken Futures against Aevo+0.234%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 Kraken Futures

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

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Kraken Futures is 0.234% dearer against Aevo than usual: you sell high and buy low: +$23 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	2.5347	0.0056	pay 0.0007% / 1h	29m 12s	$27K	—	3x
Short	Kraken Futures PF_PENDLEUSD	2.5407	0.0613	get 0.0077% / 1h	29m 12s	$118K	$293K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.234%Rate

Funding earned: $116.96
Price spread: +0.234% → 0.000%: $23.38
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $114.34
Costs to cover: 0.260%
Break-even: 0.2 days

Slippage unknown: Aevo: no order-book sample; Kraken Futures: live order book, 43 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 Kraken Futures live order book, 43 min ago	13.91 bp	50.3 bp −$50	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 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	−0.4643%	1h	2.4970	−1.489%	$2K	$54K	5.5x	as long as short
GRVT PENDLE_USDT_Perp	−0.0128%	8h	2.5308	−0.156%	$419K	$1.6M	10x	as long as short
Extended PENDLE-USD	−0.0088%	1h	2.5350	+0.008%	$165K	$597K	10x	as long as short
Binance PENDLEUSDT	−0.0086%	8h	2.5356	+0.034%	$27.4M	$42.7M	75x	as long as short
MEXC PENDLE_USDT	−0.0085%	8h	2.5357	+0.037%	$17.2M	$1.9M	125x	as long as short
BloFin PENDLE-USDT	−0.0061%	8h	2.5349	+0.006%	$1.3M	$707K	75x	as long as short
ApeX Omni PENDLEUSDT	−0.0041%	1h	2.5293	−0.215%	$77K	$237K	50x	as long as short
Orderly PERP_PENDLE_USDC	−0.0019%	8h	2.5353	+0.022%	$20K	$16K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5341	−0.025%	$11K	—	5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	0.0000%	1h	2.5366	+0.073%	$26K	$14K	10x	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	+0.0009%	8h	2.5276	−0.282%	$610K	$1.9M	—	as long as short
Reya PENDLERUSDPERP	+0.0050%	1h	2.5360	+0.051%	$4K	—	15x	as long as short
Aevo PENDLE-PERPlong	+0.0056%	1h	2.5347	long leg	$27K	—	3x
Bybit PENDLEUSDT	+0.0065%	8h	2.5340	−0.030%	$15.6M	$12.0M	50x	as long as short
Aster PENDLEUSDT	+0.0068%	8h	2.5344	−0.013%	$47K	$178K	10x	as long as short
Gate PENDLE_USDT	+0.0085%	8h	2.5340	−0.030%	$789K	$1.2M	75x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5359	+0.045%	$538K	$415K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5347	−0.003%	$35K	$18K	10x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5340	−0.030%	$3.3M	$6.1M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5358	+0.041%	$891K	$592K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5350	+0.010%	$3.8M	$2.5M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5349	+0.006%	—	$35.7M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5299	−0.190%	$25K	$383K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5372	+0.097%	$16K	$20K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5363	+0.061%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0203% / S −0.0382%	1h	2.5374	+0.105%	$7K	—	100x	as long as short
Hyperliquid PENDLE	+0.0364%	1h	2.5419	+0.280%	$13.0M	$6.4M	5x	as long as short
Kraken Futures PF_PENDLEUSDshort	+0.0613%	1h	2.5407	+0.234%	$118K	$293K	20x
Coinbase International PENDLE-PERP-INTX	+0.0728%	1h	2.5350	+0.010%	$140K	$443K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0859%	1h	2.5359	+0.045%	$334K	$486K	15x	as long as short