PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0123%/8h= +13.5% APRnext payment +$1.23 per $10,000 · paid last 24h −0.010%

Price spread now: Aster against Binance+0.144%7-day average +0.020% · 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−$216as in the Price arb table

costs, in and out, $10k−$2282.284% of the position

Long on Binance Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.029%−$3 · spread now +0.144%, 7d avg +0.020%

Together, before fees−0.031%+ Points / potential airdropAster: Stage 5 · farm board−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Aster is 0.124% dearer against Binance than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PENDLEUSDT	2.5197	−0.0023	get 0.0023% / 8h	37m 42s	$27.2M	$41.9M	75x
Short	Aster PENDLEUSDT	2.5234	0.0100	get 0.0100% / 8h	37m 42s	$46K	$177K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Binance. 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 BinancebpFee AsterbpOrdersPrice spread, now +0.144%Rate

Funding earned: $25.89
Price spread: +0.144% → +0.020%: $12.43
Slippage, 4 orders: −$210.42
Fee Binance: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$190.1
Costs to cover: 2.284%
Break-even: 58.4 days

Slippage from Binance: live order book, 4 min ago; Aster: live order book, 39 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 Binance live order book, 4 min ago	0.40 bp	13.5 bp −$14	28.1 bp −$281	doesn't fit	doesn't fit
Sell Aster live order book, 39 min ago	8.44 bp	100.5 bp −$101	doesn't fit	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	−0.5000%	1h	2.4940	−1.021%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0344%	1h	2.5219	+0.086%	$30K	$10K	10x	as long as short
ApeX Omni PENDLEUSDT	−0.0118%	1h	2.5215	+0.070%	$77K	$239K	50x	as long as short
BloFin PENDLE-USDT	−0.0026%	8h	2.5192	−0.021%	$1.3M	$762K	75x	as long as short
Extended PENDLE-USD	−0.0024%	1h	2.5185	−0.050%	$166K	$528K	10x	as long as short
Binance PENDLEUSDTlong	−0.0023%	8h	2.5197	long leg	$27.2M	$41.9M	75x
MEXC PENDLE_USDT	−0.0021%	8h	2.5200	+0.011%	$17.1M	$1.9M	125x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5218	+0.084%	$11K	—	5x	as long as short
Orderly PERP_PENDLE_USDC	+0.0002%	8h	2.5217	+0.078%	$20K	$16K	10x	as long as short
Reya PENDLERUSDPERP	+0.0044%	1h	2.5212	+0.058%	$4K	—	15x	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	+0.0045%	8h	2.5177	−0.081%	$590K	$1.9M	—	as long as short
GRVT PENDLE_USDT_Perp	+0.0054%	8h	2.5216	+0.073%	$418K	$1.6M	10x	as long as short
Aevo PENDLE-PERP	+0.0072%	1h	2.5211	+0.054%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5213	+0.062%	$531K	$415K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5191	−0.026%	$35K	$18K	10x	as long as short
Aster PENDLEUSDTshort	+0.0100%	8h	2.5234	+0.144%	$46K	$177K	10x
Bybit PENDLEUSDT	+0.0100%	8h	2.5190	−0.029%	$15.5M	$11.9M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5180	−0.069%	$3.2M	$6.0M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.5200	+0.011%	$783K	$1.2M	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5238	+0.162%	$894K	$597K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5191	−0.025%	$3.7M	$2.7M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5201	+0.015%	—	$35.7M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5196	−0.003%	$25K	$396K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5238	+0.162%	$16K	$20K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5219	+0.086%	$2K	$1.8M	20x	as long as short
Hyperliquid PENDLE	+0.0197%	1h	2.5261	+0.252%	$12.7M	$6.1M	5x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0199% / S −0.0256%	1h	2.5227	+0.120%	$5K	—	100x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0594%	1h	2.5256	+0.234%	$120K	$299K	20x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0600%	1h	2.5340	+0.566%	$141K	$458K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0888%	1h	2.5258	+0.241%	$329K	$491K	15x	as long as short