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: Aevo against Kraken Futures−0.233%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures 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—needs both histories

Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Aevo is 0.233% cheaper against Kraken Futures than usual: you would sell low and buy high (−$23 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_PENDLEUSD	2.5407	0.0613	pay 0.0077% / 1h	29m 15s	$118K	$293K	20x
Short	Aevo PENDLE-PERP	2.5347	0.0056	get 0.0007% / 1h	29m 15s	$27K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Kraken Futures. 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 Kraken FuturesbpFee AevobpOrdersPrice spread, now −0.233%Rate

Funding earned: −$116.96
Price spread: −0.233% → 0.000%: −$23.33
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$166.28
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 43 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 Kraken Futures live order book, 43 min ago	13.91 bp	83.1 bp −$83	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	−0.4643%	1h	2.4970	−1.719%	$2K	$54K	5.5x	as long as short
GRVT PENDLE_USDT_Perp	−0.0128%	8h	2.5308	−0.389%	$419K	$1.6M	10x	as long as short
Extended PENDLE-USD	−0.0088%	1h	2.5350	−0.225%	$165K	$597K	10x	as long as short
Binance PENDLEUSDT	−0.0086%	8h	2.5356	−0.200%	$27.4M	$42.7M	75x	as long as short
MEXC PENDLE_USDT	−0.0085%	8h	2.5357	−0.196%	$17.2M	$1.9M	125x	as long as short
BloFin PENDLE-USDT	−0.0061%	8h	2.5349	−0.227%	$1.3M	$707K	75x	as long as short
ApeX Omni PENDLEUSDT	−0.0041%	1h	2.5293	−0.448%	$77K	$237K	50x	as long as short
Orderly PERP_PENDLE_USDC	−0.0019%	8h	2.5353	−0.212%	$20K	$16K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5341	−0.258%	$11K	—	5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	0.0000%	1h	2.5366	−0.160%	$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	−0.514%	$610K	$1.9M	—	as long as short
Reya PENDLERUSDPERP	+0.0050%	1h	2.5360	−0.183%	$4K	—	15x	as long as short
Aevo PENDLE-PERPshort	+0.0056%	1h	2.5347	−0.233%	$27K	—	3x
Bybit PENDLEUSDT	+0.0065%	8h	2.5340	−0.263%	$15.6M	$12.0M	50x	as long as short
Aster PENDLEUSDT	+0.0068%	8h	2.5344	−0.246%	$47K	$178K	10x	as long as short
Gate PENDLE_USDT	+0.0085%	8h	2.5340	−0.263%	$789K	$1.2M	75x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5359	−0.188%	$538K	$415K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5347	−0.236%	$35K	$18K	10x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5340	−0.263%	$3.3M	$6.1M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5358	−0.192%	$891K	$592K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5350	−0.223%	$3.8M	$2.5M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5349	−0.227%	—	$35.7M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5299	−0.423%	$25K	$383K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5372	−0.137%	$16K	$20K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5363	−0.172%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0203% / S −0.0382%	1h	2.5374	−0.129%	$7K	—	100x	as long as short
Hyperliquid PENDLE	+0.0364%	1h	2.5419	+0.046%	$13.0M	$6.4M	5x	as long as short
Kraken Futures PF_PENDLEUSDlong	+0.0613%	1h	2.5407	long leg	$118K	$293K	20x
Coinbase International PENDLE-PERP-INTX	+0.0728%	1h	2.5350	−0.223%	$140K	$443K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0859%	1h	2.5359	−0.188%	$334K	$486K	15x	as long as short