PEARL

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	AsterPEARLUSDT	1.9086	−0.0089	get 0.0011% / 1h	8m 09s	$167K	$218K	5x	Long Aster≤10% back
SHORT	edgeXPEARLUSDC	1.9283	+0.0066	get 0.0033% / 4h	8m 09s	$8K	$185K	5x	Short edgeX

Price gap+1.033%99s

Funding gap+0.0155% /8h

Both sides work: funding pays +$5 a day on $10k, and the gap is 0.681% above its 7d average: +$68 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$259+0.0155% /8h now · paid −2.591% over the last 3 days (all we have)

Price—spread +1.033%99s now · prices read too far apart to compare

Costs−$5575.570% of $10k · taker + slippage, in and out

Result—+ Points / potential airdropAster: Stage 5 · edgeX: points · farm boardneeds both prices read together

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+1.033%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

PEARL on 3 exchanges

lowest funding first

Before you open

2 ok · 4 to watch

Watch: Thin at this size183.1 / 108.5 bp
At $10k entering Aster costs 183.1 bp, fee and slippage, 1.7× edgeX’s.
Note: Margin at max leverage$2,000 + $2,000
Aster 5x, edgeX 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ1h / 4h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: +$4.64Long Aster: 24 payments, +$2.67; short edgeX: 6 payments, +$1.97.
Watch: Prices read 99 s apart+1.033% vs +0.352%
Part of this gap may be the market moving.
Watch: Short leg is thinner$8K vs $167K OI
edgeX sets your exit cost. Check its book before closing.
OK: Points on a legAster Stage 5 · edgeX points
Volume here counts toward the points program.
OK: No KYC on either legAster No · edgeX No
Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.2471%/8h × 21 periods−$518.96

Price spreadprices read too far apart to compare—

Slippage, 4 orderslive order books−$540.02

Fee Aster bp × 2 orders−$8.00

Fee edgeX bp × 2 orders−$9.00

Net · 7 days · $10k−$1,075.98

price spread not counted: prices read too far apart

Costs to cover5.570%Break-evennever at this rate

Slippage: Aster: live order book, 38 min ago; edgeX: live order book, 38 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGAster28.63183.1 bp−$183doesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTedgeX5.18108.5 bp−$108doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

PEARL news

posts that mention PEARL, from every exchangeSearch all news →

10-22 10:09	edgeX	Listing	new market PEARLUSDC ($PEARL) seen by our collector
10-22 10:08	edgeX	Listing	New Crypto Perp Listings on edgeX $PEARL Layer 1 blockchain where mining is a by-product of useful AI computation. $AXIS Self-improving data engine for Physical AI. Your next Mystery Box starts with a trade @edgeX_exchange on X ↗
10-16 16:58	Extended	Listing	Now available to trade: $PEARL (Pearl Research) with up to 5x leverage @extendedapp on X ↗
10-16 16:55	Extended	Listing	new market PEARL-USD ($PEARL) seen by our collector
10-14 18:32	Entropy	Other	2/ PEARL is currently an illiquid asset. We have applied pre-listing methodologies to the current listing, and will transition to a standard crypto perp when more liquid venues exist. More on our exact methodology can be found in our Docs. @entropyIO on X ↗
10-14 18:32	Entropy	Listing	1/ We are excited to list PEARL, and are extremely aligned with our friends @prlnet in their mission to make the frontier of inference more useful and efficient. @entropyIO on X ↗