PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0021%/8h= −2.3% APRnext payment −$0.21 per $10,000 · paid last 24h −0.008%

Price spread now: Binance against Aster+0.018%7-day average −0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$376as in the Price arb table

costs, in and out, $10k−$3803.796% of the position

Long on Aster Short on Binance

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.015%−$1 on $10k

Price spread, last 4 days (all we have)−0.114%−$11 · spread now +0.018%, 7d avg −0.021%

Together, before fees−0.129%+ Points / potential airdropAster: Stage 5 · farm board−$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.039% dearer against Aster than usual: you sell high and buy low (spread +0.018% now, against its 7-day average of −0.021%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.3 days. At the pace of the last 5 days (−0.015% in total) that is about 15 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster PENDLEUSDT	2.4676	−0.0033	get 0.0033% / 8h	4h 32m	$46K	$178K	10x
Short	Binance PENDLEUSDT	2.4680	−0.0054	pay 0.0054% / 8h	4h 32m	$26.2M	$44.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Aster. 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 AsterbpFee BinancebpOrdersPrice spread, now +0.018%Rate

Funding earned: −$4.35
Price spread: +0.018% → −0.021%: $3.91
Slippage, 4 orders: −$361.65
Fee Aster: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$380.08
Costs to cover: 3.796%
Break-even: never at this rate

Slippage from Aster: live order book, 24 min ago; Binance: live order book, 10 min ago.

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 Aster live order book, 24 min ago	4.24 bp	220.1 bp −$220	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	0.20 bp	11.0 bp −$11	31.2 bp −$312	doesn't fit	doesn't fit

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	−0.4334%	1h	2.4340	−1.362%	$2K	$54K	5.5x	as long as short
BloFin PENDLE-USDT	−0.0075%	8h	2.4703	+0.110%	$1.2M	$630K	75x	as long as short
MEXC PENDLE_USDT	−0.0057%	8h	2.4681	+0.020%	$17.3M	$2.0M	125x	as long as short
Extended PENDLE-USD	−0.0056%	1h	2.4675	−0.003%	$159K	$574K	10x	as long as short
Binance PENDLEUSDTshort	−0.0054%	8h	2.4680	+0.018%	$26.2M	$44.0M	75x
Orderly PERP_PENDLE_USDC	−0.0036%	8h	2.4695	+0.077%	$19K	$15K	10x	as long as short
Gate PENDLE_USDT	−0.0034%	8h	2.4660	−0.065%	$720K	$1.1M	75x	as long as short
Aster PENDLEUSDTlong	−0.0033%	8h	2.4676	long leg	$46K	$178K	10x
dYdX PENDLE-USD	0.0000%	1h	2.4645	−0.126%	$10K	—	5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	0.0000%	1h	2.4697	+0.085%	$25K	$14K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni PENDLE	+0.0043%	8h	2.4586	−0.366%	$552K	$1.6M	—	as long as short
Aevo PENDLE-PERP	+0.0064%	1h	2.4686	+0.039%	$26K	—	3x	as long as short
Reya PENDLERUSDPERP	+0.0064%	1h	2.4680	+0.018%	$3K	—	15x	as long as short
GRVT PENDLE_USDT_Perp	+0.0089%	8h	2.4622	−0.219%	$407K	$1.9M	10x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4691	+0.061%	$518K	$424K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4692	+0.063%	$35K	$13K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4670	−0.024%	$14.6M	$12.2M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4690	+0.057%	$3.1M	$6.1M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4659	−0.069%	$866K	$585K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4664	−0.048%	$3.7M	$2.3M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4682	+0.024%	—	$8.6M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4614	−0.252%	$24K	$378K	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	2.4623	−0.215%	$75K	$235K	50x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4706	+0.122%	$16K	$8K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4694	+0.073%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0196% / S −0.0222%	1h	2.4688	+0.048%	$5K	—	100x	as long as short
Hyperliquid PENDLE	+0.0427%	1h	2.4727	+0.206%	$12.8M	$6.0M	5x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0608%	1h	2.4770	+0.381%	$148K	$497K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0638%	1h	2.4774	+0.397%	$357K	$470K	15x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1177%	1h	2.4704	+0.115%	$115K	$277K	20x	as long as short