PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0600%/8h= −65.7% APRnext payment −$0.75 per $10,000 · paid last 24h −0.084%

Price spread now: Aevo against Coinbase International−0.138%7-day average — · you buy dearer than you sell

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

Long on Coinbase International 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 −$18 a day on $10k at the current rate, and Aevo is 0.138% cheaper against Coinbase International than usual: you would sell low and buy high (−$14 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	Coinbase International PENDLE-PERP-INTX	2.4540	0.0688	pay 0.0086% / 1h	32m 56s	$159K	$505K	25x
Short	Aevo PENDLE-PERP	2.4506	0.0088	get 0.0011% / 1h	32m 56s	$26K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Coinbase InternationalbpFee AevobpOrdersPrice spread, now −0.138%Rate

Funding earned: −$126
Price spread: −0.138% → 0.000%: −$13.81
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$165.81
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: Coinbase International: 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 Coinbase International live order book, 10 min ago	12.23 bp	doesn't fit	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	−0.4348%	1h	2.4250	−1.182%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0239%	1h	2.4507	−0.134%	$25K	$16K	10x	as long as short
Orderly PERP_PENDLE_USDC	−0.0028%	8h	2.4497	−0.175%	$19K	$15K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.4510	−0.122%	$10K	—	5x	as long as short
Gate PENDLE_USDT	+0.0008%	8h	2.4520	−0.081%	$755K	$1.0M	75x	as long as short
BloFin PENDLE-USDT	+0.0029%	8h	2.4511	−0.118%	$1.1M	$498K	75x	as long as short
Extended PENDLE-USD	+0.0040%	1h	2.4503	−0.149%	$158K	$478K	10x	as long as short
MEXC PENDLE_USDT	+0.0042%	8h	2.4502	−0.155%	$17.5M	$2.0M	125x	as long as short
Binance PENDLEUSDT	+0.0042%	8h	2.4502	−0.157%	$25.9M	$45.2M	75x	as long as short
Reya PENDLERUSDPERP	+0.0078%	1h	2.4497	−0.176%	$3K	—	15x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo PENDLE-PERPshort	+0.0088%	1h	2.4506	−0.138%	$26K	—	3x
Lighter PENDLE	+0.0096%	1h	2.4513	−0.110%	$519K	$416K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4496	−0.178%	$34K	$7K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.4539	−0.004%	$12.7M	$6.1M	5x	as long as short
Aster PENDLEUSDT	+0.0100%	8h	2.4500	−0.163%	$47K	$169K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4500	−0.163%	$14.3M	$12.2M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4510	−0.122%	$3.1M	$6.6M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4514	−0.106%	$873K	$557K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4510	−0.122%	$3.8M	$2.5M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4508	−0.130%	—	$8.4M	—	as long as short
Variational Omni PENDLE	+0.0100%	8h	2.4476	−0.262%	$565K	$1.4M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4493	−0.193%	$24K	$371K	10x	as long as short
GRVT PENDLE_USDT_Perp	+0.0100%	8h	2.4493	−0.193%	$412K	$2.3M	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	2.4501	−0.159%	$75K	$232K	50x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4531	−0.037%	$16K	$7K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4522	−0.073%	$1K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0196% / S −0.0222%	1h	2.4491	−0.199%	$5K	—	100x	as long as short
Backpack PENDLE_USDC_PERP	+0.0554%	1h	2.4567	+0.110%	$352K	$433K	15x	as long as short
Coinbase International PENDLE-PERP-INTXlong	+0.0688%	1h	2.4540	long leg	$159K	$505K	25x
Kraken Futures PF_PENDLEUSD	+0.1659%	1h	2.4573	+0.136%	$115K	$262K	20x	as long as short