PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0342%/8h= +37.4% APRnext payment +$0.43 per $10,000 · paid last 24h +0.060%

Price spread now: Aevo against Deribit−0.073%7-day average — · you buy dearer than you sell

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

Long on Deribit 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

Funding pays, the price is against you. Aevo is 0.073% cheaper against Deribit than usual: you would sell low and buy high (spread −0.073% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 17 hours of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit PENDLE_USDC-PERPETUAL	2.4614	−0.0278	get 0.0035% / 1h	54m 20s	$25K	$14K	10x
Short	Aevo PENDLE-PERP	2.4596	0.0064	get 0.0008% / 1h	54m 20s	$26K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Deribit. 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 DeribitbpFee AevobpOrdersPrice spread, now −0.073%Rate

Funding earned: $71.79
Price spread: −0.073% → 0.000%: −$7.32
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Aevo: 8 bp × 2 orders: −$16
Net: $41.47
Costs to cover: 0.230%
Break-even: 3.0 days

Slippage unknown: Deribit: no order-book sample; 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 Deribit no order-book sample	—	—	—	—	—
Sell Aevo no order-book sample	—	—	—	—	—

Deribit and 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	−0.4243%	1h	2.4370	−0.991%	$2K	$54K	5.5x	as long as short
ApeX Omni PENDLEUSDT	−0.0593%	1h	2.4620	+0.024%	$75K	$235K	50x	as long as short
Deribit PENDLE_USDC-PERPETUALlong	−0.0278%	1h	2.4614	long leg	$25K	$14K	10x
Gate PENDLE_USDT	−0.0068%	8h	2.4630	+0.065%	$715K	$1.1M	75x	as long as short
BloFin PENDLE-USDT	−0.0066%	8h	2.4656	+0.171%	$1.1M	$596K	75x	as long as short
Extended PENDLE-USD	−0.0064%	1h	2.4585	−0.118%	$159K	$578K	10x	as long as short
MEXC PENDLE_USDT	−0.0061%	8h	2.4596	−0.073%	$17.4M	$1.9M	125x	as long as short
Binance PENDLEUSDT	−0.0060%	8h	2.4593	−0.085%	$26.0M	$43.6M	75x	as long as short
Aster PENDLEUSDT	−0.0053%	8h	2.4638	+0.097%	$47K	$179K	10x	as long as short
Orderly PERP_PENDLE_USDC	−0.0041%	8h	2.4599	−0.061%	$19K	$15K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX PENDLE-USD	0.0000%	1h	2.4633	+0.077%	$10K	—	5x	as long as short
GRVT PENDLE_USDT_Perp	+0.0054%	8h	2.4595	−0.079%	$408K	$1.9M	10x	as long as short
Aevo PENDLE-PERPshort	+0.0064%	1h	2.4596	−0.073%	$26K	—	3x
Reya PENDLERUSDPERP	+0.0067%	1h	2.4599	−0.059%	$3K	—	15x	as long as short
Variational Omni PENDLE	+0.0070%	8h	2.4586	−0.115%	$552K	$1.4M	—	as long as short
Lighter PENDLE	+0.0096%	1h	2.4650	+0.146%	$517K	$428K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4607	−0.028%	$34K	$11K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4590	−0.098%	$14.5M	$11.9M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4630	+0.065%	$3.1M	$6.3M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4640	+0.106%	$885K	$550K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4630	+0.065%	$3.7M	$2.2M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4610	−0.016%	—	$8.5M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4595	−0.077%	$24K	$375K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4625	+0.045%	$16K	$7K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4624	+0.041%	$1K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0196% / S −0.0222%	1h	2.4608	−0.025%	$5K	—	100x	as long as short
Hyperliquid PENDLE	+0.0201%	1h	2.4643	+0.119%	$12.7M	$6.0M	5x	as long as short
Backpack PENDLE_USDC_PERP	+0.0366%	1h	2.4712	+0.398%	$359K	$399K	15x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0640%	1h	2.4660	+0.187%	$147K	$496K	25x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1179%	1h	2.4701	+0.352%	$115K	$268K	20x	as long as short