PENDLE: Extended → Hyperliquid

Long on the venue with the lower rate, short on the venue with the higher one. Income comes from the rate difference; price exposure cancels out.

Spread

+48%

APR right now

Price gap

+0.283%

between legs

Average spread

+8%

over 24h from our own samples

Over 7 days

+8%

samples: 108

ExtendedLONG

Bid / ask2.5278 / 2.5283

Mark price2.5295

Volume 24h$621.14K

Open interest$164.96K

Rate-0.0011%

APR-10%

Interval / next payout1h / 25m

Extended

HyperliquidSHORT

Bid / ask2.5355 / 2.5387

Mark price2.5368

Volume 24h$6.41M

Open interest$13.02M

Rate+0.0044%

APR+38%

Interval / next payout1h / 25m

Hyperliquid

Spread from our samples

spread over the period: from 0% to 48% APR, 108 samples

The rate can flip at any moment, and then the position starts costing money. Size is limited by the weaker leg, and entry and exit both pay fees on two venues. Not financial advice.