PEARL

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Entropyio:PRL	1.5334	−0.3929	get 0.0491% / 1h	51m 45s	$8.0M	$3.0M	3x	Long Entropy
SHORT	AsterPEARLUSDT	1.4886	+0.0729	get 0.0091% / 1h	51m 45s	$119K	$126K	5x	Short Aster≤10% back

Price gap−2.919%

Funding gap+0.4659% /8h

Funding pays +$140 a day on $10k, but the gap is 1.768% under its 7d average: −$177 if it goes back, about 30 hours of funding.

If you open now and hold

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

Funding−$262+0.4659% /8h now · paid −2.618% over the last 7D

Price−$177spread −2.919% now, avg −1.151% → −1.768% if it goes back

Costsdoesn’t fit$10k a leg is deeper than the books hold

Result, before costs−$439−4.39%+ Points / potential airdropAster: Stage 5 · farm boardcosts unknown: book too thin at $10k ·

The current funding rate is far above what this pair has been paying: over the last 7 days it paid −2.618% in total, about −0.1247%/8h on average.

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−2.919%

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 8 exchanges

lowest funding first

Before you open

3 ok · 3 to watch

Problem: Doesn’t fit the books—
$10k a leg is deeper than Aster’s order book right now.
Note: Margin at max leverage$3,333 + $2,000
Entropy 3x, Aster 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval1h / 1h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: +$139.76Long Entropy: 24 payments, +$117.87; short Aster: 24 payments, +$21.88.
Watch: Gap narrower than usual−2.919% vs −1.151%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Short leg is thinner$119K vs $8.0M OI
Aster sets your exit cost. Check its book before closing.
OK: Points on a legAster Stage 5
Volume here counts toward the points program.
OK: No KYC on either legEntropy No · Aster 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−0.1247%/8h × 21 periods−$261.77

Price spread−2.919% → −1.151% (7d avg)−$176.77

Slippage, 4 ordersdoesn’t fit the book at $10k—

Fee Entropy bp × 2 orders−$1.80

Fee Aster bp × 2 orders−$8.00

Net · 7 days · $10k—

doesn’t fit the books at $10k

Costs to cover—Break-even—

Slippage: Entropy: live order book, 7 min ago; Aster: live order book, 27 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGEntropy8.4565.4 bp−$65doesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTAster77.50doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

PEARL news

posts that mention PEARL, from every exchange

11-05 14:20	Ondo Perps	Listing	new market PEARL-USD.P ($PEARL) seen by our collector
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