PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0027%/8h= +3.0% APRnext payment +$0.27 per $10,000 · paid last 24h −0.001%

Price spread now: Aster against Gate−0.106%7-day average +0.061% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$105as in the Price arb table

costs, in and out, $10k−$890.888% of the position

Long on Gate Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.038%−$4 on $10k

Price spread, last 4 days (all we have)+0.295%+$29 · spread now −0.106%, 7d avg +0.061%

Together, before fees+0.257%+ Points / potential airdropAster: Stage 5 · farm board+$26 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.167% cheaper against Gate than usual: you would sell low and buy high (spread −0.106% now, against its 7-day average of +0.061%). If the spread goes back, that is −$17 on $10k: about 20 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PENDLE_USDT	2.5170	−0.0018	get 0.0018% / 8h	6h 52m	$787K	$1.2M	75x
Short	Aster PENDLEUSDT	2.5143	0.0009	get 0.0009% / 8h	6h 52m	$50K	$180K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Gate. 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 GatebpFee AsterbpOrdersPrice spread, now −0.106%Rate

Funding earned: $5.77
Price spread: −0.106% → +0.061%: −$16.71
Slippage, 4 orders: −$65.78
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aster: 4 bp × 2 orders: −$8
Net: −$99.72
Costs to cover: 0.888%
Break-even: 128.0 days

Slippage from Gate: live order book, 4 min ago; Aster: live order book, 14 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 Gate live order book, 4 min ago	3.99 bp	19.0 bp −$19	177.9 bp −$1,779	doesn't fit	doesn't fit
Sell Aster live order book, 14 min ago	4.55 bp	17.5 bp −$17	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	−0.4742%	1h	2.4750	−1.669%	$2K	$54K	5.5x	as long as short
ApeX Omni PENDLEUSDT	−0.0934%	1h	2.5163	−0.028%	$77K	$237K	50x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0743%	1h	2.5158	−0.048%	$26K	$14K	10x	as long as short
Bybit PENDLEUSDT	−0.0155%	8h	2.5190	+0.079%	$15.4M	$12.1M	50x	as long as short
GRVT PENDLE_USDT_Perp	−0.0150%	8h	2.5038	−0.523%	$419K	$1.6M	10x	as long as short
Binance PENDLEUSDT	−0.0114%	8h	2.5175	+0.021%	$27.2M	$43.1M	75x	as long as short
MEXC PENDLE_USDT	−0.0114%	8h	2.5187	+0.068%	$17.3M	$1.8M	125x	as long as short
Extended PENDLE-USD	−0.0112%	1h	2.5155	−0.058%	$163K	$565K	10x	as long as short
BloFin PENDLE-USDT	−0.0109%	8h	2.5135	−0.139%	$1.3M	$654K	75x	as long as short
Variational Omni PENDLE	−0.0035%	8h	2.5006	−0.651%	$596K	$1.8M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_PENDLE_USDC	−0.0030%	8h	2.5145	−0.099%	$20K	$16K	10x	as long as short
Gate PENDLE_USDTlong	−0.0018%	8h	2.5170	long leg	$787K	$1.2M	75x
dYdX PENDLE-USD	0.0000%	1h	2.5176	+0.025%	$11K	—	5x	as long as short
Aster PENDLEUSDTshort	+0.0009%	8h	2.5143	−0.106%	$50K	$180K	10x
Reya PENDLERUSDPERP	+0.0053%	1h	2.5140	−0.120%	$4K	—	15x	as long as short
Aevo PENDLE-PERP	+0.0056%	1h	2.5148	−0.087%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5185	+0.060%	$536K	$414K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5194	+0.094%	$35K	$16K	10x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5190	+0.079%	$3.2M	$6.2M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5198	+0.111%	$855K	$592K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5183	+0.052%	$3.8M	$2.5M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5183	+0.052%	—	$33.8M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5136	−0.134%	$25K	$380K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5152	−0.072%	$16K	$20K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5148	−0.087%	$1K	$1.8M	20x	as long as short
Backpack PENDLE_USDC_PERP	+0.0133%	1h	2.5211	+0.163%	$353K	$485K	15x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0158% / S −0.0256%	1h	2.5175	+0.021%	$7K	—	100x	as long as short
Hyperliquid PENDLE	+0.0313%	1h	2.5239	+0.275%	$13.0M	$6.4M	5x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0632%	1h	2.5150	−0.079%	$144K	$468K	25x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0865%	1h	2.5195	+0.100%	$117K	$290K	20x	as long as short