PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0044%/8h= −4.8% APRnext payment −$0.06 per $10,000 · paid last 24h −0.026%

Price spread now: Aevo against Hyperliquid−0.282%54s7-day average — · you buy dearer than you sell

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

Long on Hyperliquid Short on Aevo

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 against this trade now: funding costs −$1 a day on $10k at the current rate, and Aevo is 0.282% cheaper against Hyperliquid than usual: you would sell low and buy high (−$28 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid PENDLE	2.4415	0.0100	pay 0.0013% / 1h	22m 30s	$12.7M	$6.0M	5x
Short	Aevo PENDLE-PERP	2.4346	0.0056	get 0.0007% / 1h	22m 30s	$25K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Hyperliquid. 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 HyperliquidbpFee AevobpOrdersPrice spread, now −0.282%Rate

Funding earned: −$9.24
Price spread: −0.282% → 0.000%: −$28.18
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$62.42
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 10 min ago; Aevo: 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 Hyperliquid live order book, 10 min ago	0.21 bp	9.1 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

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	−0.3627%	1h	2.3970	−1.823%	$2K	$55K	5.5x	as long as short
GRVT PENDLE_USDT_Perp	−0.0638%	8h	2.4168	−1.011%	$407K	$2.7M	10x	as long as short
BloFin PENDLE-USDT	−0.0104%	8h	2.4342	−0.299%	$1.1M	$508K	75x	as long as short
MEXC PENDLE_USDT	−0.0099%	8h	2.4405	−0.041%	$18.1M	$2.1M	125x	as long as short
Extended PENDLE-USD	−0.0096%	1h	2.4396	−0.076%	$161K	$934K	10x	as long as short
Binance PENDLEUSDT	−0.0095%	8h	2.4399	−0.065%	$25.6M	$46.3M	75x	as long as short
Gate PENDLE_USDT	−0.0070%	8h	2.4390	−0.102%	$773K	$994K	75x	as long as short
ApeX Omni PENDLEUSDT	−0.0064%	1h	2.4177	−0.975%	$74K	$231K	50x	as long as short
Orderly PERP_PENDLE_USDC	−0.0012%	8h	2.4337	−0.319%	$18K	$15K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.4419	+0.016%	$10K	—	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit PENDLE_USDC-PERPETUAL	0.0000%	1h	2.4350	−0.266%	$25K	$14K	10x	as long as short
Aster PENDLEUSDT	+0.0017%	8h	2.4393	−0.092%	$48K	$172K	10x	as long as short
Aevo PENDLE-PERPshort	+0.0056%	1h	2.4346	−0.282%	$25K	—	3x
Reya PENDLERUSDPERP	+0.0089%	1h	2.4392	−0.096%	$3K	—	15x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4405	−0.041%	$526K	$440K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4406	−0.037%	$34K	$3K	10x	as long as short
Hyperliquid PENDLElong	+0.0100%	1h	2.4415	long leg	$12.7M	$6.0M	5x
Bybit PENDLEUSDT	+0.0100%	8h	2.4385	−0.123%	$14.2M	$11.9M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4390	−0.102%	$3.1M	$6.7M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4384	−0.127%	$701K	$601K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4401	−0.057%	$3.8M	$2.4M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4397	−0.074%	—	$8.2M	—	as long as short
Variational Omni PENDLE	+0.0100%	8h	2.4110	−1.248%	$562K	$1.2M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4162	−1.036%	$22K	$369K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4410	−0.020%	$16K	$4K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4378	−0.152%	$1K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0151% / S −0.0168%	1h	2.4357	−0.238%	$5K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0664%	1h	2.4390	−0.102%	$169K	$525K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0715%	1h	2.4445	+0.123%	$361K	$430K	15x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1275%	1h	2.4351	−0.260%	$115K	$255K	20x	as long as short