PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0066%/8h= +7.2% APRnext payment +$0.66 per $10,000 · paid last 24h −0.050%

Price spread now: Variational Omni against Aster−0.015%7-day average −0.071% · you buy dearer than you sell

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

Long on Aster Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.080%−$8 on $10k

Price spread, last 4 days (all we have)−1.325%−$132 · spread now −0.015%, 7d avg −0.071%

Together, before fees−1.404%+ Points / potential airdropAster: Stage 5 · Variational Omni: Active · farm board−$140 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Variational Omni is 0.055% dearer against Aster than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.071%. Mind the row above: over the last 3 days funding on this pair cost −0.080%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster PENDLEUSDT	2.4659	−0.0042	get 0.0042% / 8h	4h 57m	$47K	$178K	10x
Short	Variational Omni PENDLE	2.4655	0.0024	get 0.0024% / 8h	4h 57m	$563K	$1.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.015%Rate

Funding earned: $13.82
Price spread: −0.015% → −0.071%: $5.51
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $11.33
Costs to cover: 0.080%
Break-even: 1.3 days

Slippage unknown: Aster: live order book, 64 min ago; Variational Omni: RFQ quote, 2 min ago. 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 Aster live order book, 64 min ago	5.59 bp	108.3 bp −$108	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	6.77 bp	doesn't fit	58.6 bp −$586	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	2.4470	−0.766%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0074%	1h	2.4663	+0.017%	$25K	$14K	10x	as long as short
Binance PENDLEUSDT	−0.0073%	8h	2.4658	−0.003%	$26.3M	$43.8M	75x	as long as short
Extended PENDLE-USD	−0.0072%	1h	2.4638	−0.084%	$161K	$570K	10x	as long as short
MEXC PENDLE_USDT	−0.0072%	8h	2.4642	−0.068%	$17.2M	$1.9M	125x	as long as short
BloFin PENDLE-USDT	−0.0066%	8h	2.4672	+0.054%	$1.3M	$652K	75x	as long as short
Aster PENDLEUSDTlong	−0.0042%	8h	2.4659	long leg	$47K	$178K	10x
Orderly PERP_PENDLE_USDC	−0.0035%	8h	2.4669	+0.042%	$19K	$15K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.4657	−0.006%	$10K	—	5x	as long as short
Gate PENDLE_USDT	+0.0002%	8h	2.4630	−0.117%	$717K	$1.1M	75x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni PENDLEshort	+0.0024%	8h	2.4655	−0.015%	$563K	$1.8M	—
Reya PENDLERUSDPERP	+0.0062%	1h	2.4663	+0.018%	$3K	—	15x	as long as short
Aevo PENDLE-PERP	+0.0064%	1h	2.4600	−0.237%	$26K	—	3x	as long as short
GRVT PENDLE_USDT_Perp	+0.0074%	8h	2.4676	+0.069%	$412K	$1.8M	10x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4650	−0.036%	$526K	$413K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4633	−0.103%	$34K	$13K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4640	−0.076%	$14.6M	$12.4M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4660	+0.005%	$3.1M	$6.2M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4662	+0.013%	$834K	$573K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4647	−0.048%	$3.7M	$2.4M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4654	−0.019%	—	$8.6M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4669	+0.043%	$24K	$379K	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	2.4682	+0.094%	$75K	$235K	50x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4680	+0.086%	$16K	$8K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4672	+0.054%	$1K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0196% / S −0.0222%	1h	2.4672	+0.052%	$5K	—	100x	as long as short
Hyperliquid PENDLE	+0.0289%	1h	2.4686	+0.111%	$12.6M	$6.1M	5x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0608%	1h	2.4690	+0.127%	$146K	$491K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0717%	1h	2.4700	+0.167%	$355K	$479K	15x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1176%	1h	2.4723	+0.260%	$115K	$278K	20x	as long as short