Funding you earn now, next payment 00:00 UTC−0.0027%/8h= −2.9% APRnext payment −$0.03 per $10,000 · paid last 24h −0.034%
Price spread now: Reya against Aevo−0.002%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo PENDLE-PERP | 2.5217 | 0.0072 | pay 0.0009% / 1h | 24m 56s | $26K | — | 3x |
| Short | Reya PENDLERUSDPERP | 2.5216 | 0.0045 | get 0.0006% / 1h | 24m 56s | $4K | — | 15x |
Aevo PENDLE-PERP
Reya PENDLERUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya 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
- −$5.6
- Price spread: −0.002% → 0.000%
- −$0.23
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$27.83
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Aevo: no order-book sample; Reya: 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 Aevo no order-book sample | — | — | — | — | — |
| Sell Reya no order-book sample | — | — | — | — | — |
Aevo and Reya: 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 | −0.5000% | 1h | 2.4940 | −1.097% | $2K | $54K | 5.5x | as long as short |
| Deribit PENDLE_USDC-PERPETUAL | −0.0226% | 1h | 2.5221 | +0.018% | $30K | $10K | 10x | as long as short |
| ApeX Omni PENDLEUSDT | −0.0040% | 1h | 2.5239 | +0.089% | $77K | $239K | 50x | as long as short |
| Binance PENDLEUSDT | −0.0034% | 8h | 2.5216 | −0.002% | $27.3M | $42.0M | 75x | as long as short |
| BloFin PENDLE-USDT | −0.0032% | 8h | 2.5219 | +0.010% | $1.3M | $713K | 75x | as long as short |
| Extended PENDLE-USD | −0.0032% | 1h | 2.5203 | −0.054% | $166K | $528K | 10x | as long as short |
| MEXC PENDLE_USDT | −0.0032% | 8h | 2.5222 | +0.022% | $17.1M | $1.9M | 125x | as long as short |
| Orderly PERP_PENDLE_USDC | −0.0003% | 8h | 2.5212 | −0.018% | $20K | $16K | 10x | as long as short |
| dYdX PENDLE-USD | 0.0000% | 1h | 2.5221 | +0.018% | $11K | — | 5x | as long as short |
| Variational Omni PENDLE | +0.0036% | 8h | 2.5202 | −0.057% | $595K | $1.9M | — | as long as short |
Injective PENDLE/USDC PERP
Deribit PENDLE_USDC-PERPETUAL
ApeX Omni PENDLEUSDT
Binance PENDLEUSDT
BloFin PENDLE-USDT
Extended PENDLE-USD
MEXC PENDLE_USDT
Orderly PERP_PENDLE_USDC
dYdX PENDLE-USD
Variational Omni PENDLEShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT PENDLE_USDT_Perp | +0.0045% | 8h | 2.5244 | +0.110% | $418K | $1.6M | 10x | as long as short |
| Reya PENDLERUSDPERPshort | +0.0045% | 1h | 2.5216 | −0.002% | $4K | — | 15x | |
| Aevo PENDLE-PERPlong | +0.0072% | 1h | 2.5217 | long leg | $26K | — | 3x | |
| Lighter PENDLE | +0.0096% | 1h | 2.5226 | +0.038% | $532K | $416K | 5x | as long as short |
| Paradex PENDLE-USD-PERP | +0.0100% | 8h | 2.5207 | −0.038% | $35K | $18K | 10x | as long as short |
| Aster PENDLEUSDT | +0.0100% | 8h | 2.5242 | +0.102% | $46K | $177K | 10x | as long as short |
| Bybit PENDLEUSDT | +0.0100% | 8h | 2.5210 | −0.026% | $15.5M | $11.9M | 50x | as long as short |
| OKX PENDLE-USDT-SWAP | +0.0100% | 4h | 2.5200 | −0.065% | $3.2M | $6.0M | 50x | as long as short |
| Gate PENDLE_USDT | +0.0100% | 8h | 2.5210 | −0.026% | $785K | $1.2M | 75x | as long as short |
| KuCoin PENDLEUSDTM | +0.0100% | 8h | 2.5228 | +0.046% | $886K | $601K | 50x | as long as short |
| Bitget PENDLEUSDT | +0.0100% | 8h | 2.5216 | −0.002% | $3.8M | $2.5M | 75x | as long as short |
| BingX PENDLE-USDT | +0.0100% | 8h | 2.5215 | −0.006% | — | $35.7M | — | as long as short |
| edgeX PENDLEUSDC | +0.0100% | 4h | 2.5231 | +0.058% | $25K | $381K | 10x | as long as short |
| Polymarket Perps PENDLE-USD | +0.0100% | 1h | 2.5230 | +0.054% | $16K | $20K | 5x | as long as short |
| SunX PENDLE-USDT | +0.0100% | 8h | 2.5213 | −0.014% | $2K | $1.8M | 20x | as long as short |
| GMX PENDLE/USD [PENDLE-USDC] | L +0.0199% / S −0.0256% | 1h | 2.5225 | +0.034% | $5K | — | 100x | as long as short |
| Hyperliquid PENDLE | +0.0333% | 1h | 2.5264 | +0.188% | $12.8M | $6.2M | 5x | as long as short |
| Kraken Futures PF_PENDLEUSD | +0.0594% | 1h | 2.5263 | +0.185% | $119K | $299K | 20x | as long as short |
| Coinbase International PENDLE-PERP-INTX | +0.0600% | 1h | 2.5340 | +0.490% | $141K | $452K | 25x | as long as short |
| Backpack PENDLE_USDC_PERP | +0.0782% | 1h | 2.5257 | +0.161% | $332K | $490K | 15x | as long as short |
GRVT PENDLE_USDT_Perp
Lighter PENDLE
Paradex PENDLE-USD-PERP
Aster PENDLEUSDT
Bybit PENDLEUSDT
OKX PENDLE-USDT-SWAP
Gate PENDLE_USDT
KuCoin PENDLEUSDTM
Bitget PENDLEUSDT
BingX PENDLE-USDT
edgeX PENDLEUSDC
Polymarket Perps PENDLE-USD
SunX PENDLE-USDT
GMX PENDLE/USD [PENDLE-USDC]
Hyperliquid PENDLE
Kraken Futures PF_PENDLEUSD
Coinbase International PENDLE-PERP-INTX
Backpack PENDLE_USDC_PERP