PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0048%/8h= −5.3% APRnext payment −$0.06 per $10,000 · paid last 24h 0.000%

Price spread now: Aevo against Lighter−0.022%7-day average — · you buy dearer than you sell

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

Long on Lighter 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 airdropLighter: Season 3 · 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 0.022% cheaper against Lighter than usual: you would sell low and buy high (−$2 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	Lighter PENDLE	2.5014	0.0096	pay 0.0012% / 1h	59m 51s	$533K	$416K	5x
Short	Aevo PENDLE-PERP	2.5009	0.0048	get 0.0006% / 1h	59m 51s	$26K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Lighter. 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 LighterbpFee AevobpOrdersPrice spread, now −0.022%Rate

Funding earned: −$10.08
Price spread: −0.022% → 0.000%: −$2.17
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$28.25
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 60 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 Lighter live order book, 60 min ago	9.55 bp	14.8 bp −$15	64.3 bp −$643	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 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	−0.576%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0709%	1h	2.5002	−0.048%	$26K	$14K	10x	as long as short
Extended PENDLE-USD	−0.0136%	1h	2.5007	−0.028%	$163K	$570K	10x	as long as short
Binance PENDLEUSDT	−0.0133%	8h	2.5034	+0.081%	$26.9M	$43.3M	75x	as long as short
MEXC PENDLE_USDT	−0.0132%	8h	2.5021	+0.028%	$17.3M	$1.8M	125x	as long as short
GRVT PENDLE_USDT_Perp	−0.0098%	8h	2.5058	+0.177%	$421K	$1.7M	10x	as long as short
ApeX Omni PENDLEUSDT	−0.0087%	1h	2.5064	+0.200%	$76K	$235K	50x	as long as short
Aster PENDLEUSDT	−0.0049%	8h	2.5043	+0.115%	$50K	$181K	10x	as long as short
Gate PENDLE_USDT	−0.0044%	8h	2.5040	+0.104%	$758K	$1.2M	75x	as long as short
Orderly PERP_PENDLE_USDC	−0.0039%	8h	2.5018	+0.016%	$20K	$15K	10x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni PENDLE	−0.0037%	8h	2.5056	+0.166%	$612K	$1.8M	—	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5075	+0.244%	$11K	—	5x	as long as short
Bybit PENDLEUSDT	+0.0035%	8h	2.5020	+0.024%	$15.1M	$12.0M	50x	as long as short
Aevo PENDLE-PERPshort	+0.0048%	1h	2.5009	−0.022%	$26K	—	3x
Reya PENDLERUSDPERP	+0.0057%	1h	2.5019	+0.019%	$4K	—	15x	as long as short
Lighter PENDLElong	+0.0096%	1h	2.5014	long leg	$533K	$416K	5x
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5034	+0.079%	$35K	$16K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.5074	+0.240%	$12.9M	$6.3M	5x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5020	+0.024%	$3.2M	$6.1M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5037	+0.092%	$860K	$592K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5002	−0.048%	$3.8M	$2.4M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5027	+0.052%	—	$33.6M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5059	+0.182%	$25K	$380K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5067	+0.212%	$16K	$20K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5037	+0.092%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0183% / S −0.0301%	1h	2.5030	+0.063%	$7K	—	100x	as long as short
Backpack PENDLE_USDC_PERP	+0.0409%	1h	2.5049	+0.140%	$350K	$434K	15x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0632%	1h	2.5090	+0.304%	$143K	$473K	25x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0870%	1h	2.5063	+0.196%	$117K	$288K	20x	as long as short