Funding you earn now, next payment 02:00 UTC−0.0119%/8h= −13.0% APRpaid last 24h −0.036%
Price spread now: Bybit against Aevo−0.022%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 −$4 a day on $10k at the current rate, and Bybit is 0.022% cheaper against Aevo 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 | Aevo PENDLE-PERP | 2.5225 | 0.0048 | pay 0.0006% / 1h | 25m 11s | $26K | — | 3x |
| Short | Bybit PENDLEUSDT | 2.5220 | −0.0071 | pay 0.0071% / 8h | 6h 25m | $15.3M | $12.1M | 50x |
Aevo PENDLE-PERP
Bybit PENDLEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Aevo. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$24.96
- Price spread: −0.022% → 0.000%
- −$2.18
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$54.15
- Costs to cover
- 0.270%
- Break-even
- never at this rate
Slippage unknown: Aevo: no order-book sample; Bybit: live order book, 3 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 Bybit live order book, 3 min ago | 1.98 bp | 17.7 bp −$18 | 50.8 bp −$508 | 315.1 bp −$31.5K | 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 | −1.409% | $2K | $54K | 5.5x | as long as short |
| Deribit PENDLE_USDC-PERPETUAL | −0.0423% | 1h | 2.5252 | +0.105% | $26K | $14K | 10x | as long as short |
| ApeX Omni PENDLEUSDT | −0.0221% | 1h | 2.5204 | −0.085% | $77K | $236K | 50x | as long as short |
| Extended PENDLE-USD | −0.0120% | 1h | 2.5225 | −0.001% | $168K | $566K | 10x | as long as short |
| Binance PENDLEUSDT | −0.0118% | 8h | 2.5220 | −0.021% | $27.2M | $43.4M | 75x | as long as short |
| MEXC PENDLE_USDT | −0.0117% | 8h | 2.5239 | +0.054% | $17.5M | $1.8M | 125x | as long as short |
| GRVT PENDLE_USDT_Perp | −0.0103% | 8h | 2.5234 | +0.034% | $426K | $1.7M | 10x | as long as short |
| Bybit PENDLEUSDTshort | −0.0071% | 8h | 2.5220 | −0.022% | $15.3M | $12.1M | 50x | |
| Variational Omni PENDLE | −0.0041% | 8h | 2.5231 | +0.021% | $601K | $1.8M | — | as long as short |
| Orderly PERP_PENDLE_USDC | −0.0037% | 8h | 2.5240 | +0.057% | $20K | $16K | 10x | as long as short |
Injective PENDLE/USDC PERP
Deribit PENDLE_USDC-PERPETUAL
ApeX Omni PENDLEUSDT
Extended PENDLE-USD
Binance PENDLEUSDT
MEXC PENDLE_USDT
GRVT PENDLE_USDT_Perp
Variational Omni PENDLE
Orderly PERP_PENDLE_USDCShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster PENDLEUSDT | −0.0010% | 8h | 2.5237 | +0.048% | $50K | $181K | 10x | as long as short |
| dYdX PENDLE-USD | 0.0000% | 1h | 2.5261 | +0.140% | $11K | — | 5x | as long as short |
| Gate PENDLE_USDT | +0.0028% | 8h | 2.5240 | +0.057% | $767K | $1.2M | 75x | as long as short |
| Aevo PENDLE-PERPlong | +0.0048% | 1h | 2.5225 | long leg | $26K | — | 3x | |
| Reya PENDLERUSDPERP | +0.0055% | 1h | 2.5232 | +0.027% | $4K | — | 15x | as long as short |
| Lighter PENDLE | +0.0096% | 1h | 2.5244 | +0.073% | $537K | $416K | 5x | as long as short |
| Paradex PENDLE-USD-PERP | +0.0100% | 8h | 2.5226 | 0.000% | $35K | $16K | 10x | as long as short |
| Hyperliquid PENDLE | +0.0100% | 1h | 2.5278 | +0.208% | $13.0M | $6.4M | 5x | as long as short |
| OKX PENDLE-USDT-SWAP | +0.0100% | 4h | 2.5210 | −0.061% | $3.2M | $6.2M | 50x | as long as short |
| KuCoin PENDLEUSDTM | +0.0100% | 8h | 2.5250 | +0.097% | $873K | $595K | 50x | as long as short |
| Bitget PENDLEUSDT | +0.0100% | 8h | 2.5219 | −0.026% | $3.8M | $2.5M | 75x | as long as short |
| BingX PENDLE-USDT | +0.0100% | 8h | 2.5218 | −0.030% | — | $33.8M | — | as long as short |
| edgeX PENDLEUSDC | +0.0100% | 4h | 2.5249 | +0.093% | $25K | $378K | 10x | as long as short |
| Polymarket Perps PENDLE-USD | +0.0100% | 1h | 2.5249 | +0.093% | $16K | $20K | 5x | as long as short |
| SunX PENDLE-USDT | +0.0100% | 8h | 2.5248 | +0.089% | $2K | $1.8M | 20x | as long as short |
| GMX PENDLE/USD [PENDLE-USDC] | L +0.0158% / S −0.0256% | 1h | 2.5251 | +0.101% | $7K | — | 100x | as long as short |
| Backpack PENDLE_USDC_PERP | +0.0452% | 1h | 2.5275 | +0.196% | $354K | $482K | 15x | as long as short |
| Coinbase International PENDLE-PERP-INTX | +0.0632% | 1h | 2.5260 | +0.137% | $145K | $474K | 25x | as long as short |
| Kraken Futures PF_PENDLEUSD | +0.0862% | 1h | 2.5292 | +0.264% | $118K | $290K | 20x | as long as short |
Aster PENDLEUSDT
dYdX PENDLE-USD
Gate PENDLE_USDT
Reya PENDLERUSDPERP
Lighter PENDLE
Paradex PENDLE-USD-PERP
Hyperliquid PENDLE
OKX PENDLE-USDT-SWAP
KuCoin PENDLEUSDTM
Bitget PENDLEUSDT
BingX PENDLE-USDT
edgeX PENDLEUSDC
Polymarket Perps PENDLE-USD
SunX PENDLE-USDT
GMX PENDLE/USD [PENDLE-USDC]
Backpack PENDLE_USDC_PERP
Coinbase International PENDLE-PERP-INTX
Kraken Futures PF_PENDLEUSD