PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0012%/8h= −1.3% APRnext payment −$0.12 per $10,000 · paid last 24h −0.001%

Price spread now: Aster against GRVT−0.314%7-day average +0.138% · 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−$418as in the Price arb table

costs, in and out, $10k−$3733.728% of the position

Long on GRVT Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)+0.008%+$1 on $10k

Price spread, last 4 days (all we have)+1.019%+$102 · spread now −0.314%, 7d avg +0.138%

Together, before fees+1.027%+ Points / potential airdropGRVT: Active · Aster: Stage 5 · farm board+$103 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Aster is 0.452% cheaper against GRVT than usual: you would sell low and buy high (−$45 if the spread goes back to its 7-day average of +0.138%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT PENDLE_USDT_Perp	2.4601	0.0051	pay 0.0051% / 8h	3h 09m	$417K	$2.1M	10x
Short	Aster PENDLEUSDT	2.4524	0.0039	get 0.0039% / 8h	3h 09m	$46K	$172K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against GRVT. 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 GRVTbpFee AsterbpOrdersPrice spread, now −0.314%Rate

Funding earned: −$2.52
Price spread: −0.314% → +0.138%: −$45.17
Slippage, 4 orders: −$355.84
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$420.52
Costs to cover: 3.728%
Break-even: never at this rate

Slippage from GRVT: live order book, 4 min ago; Aster: live order book, 42 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 GRVT live order book, 4 min ago	1.42 bp	11.7 bp −$12	25.5 bp −$255	doesn't fit	doesn't fit
Sell Aster live order book, 42 min ago	36.29 bp	134.6 bp −$135	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	−0.4243%	1h	2.4300	−1.224%	$2K	$54K	5.5x	as long as short
Gate PENDLE_USDT	−0.0068%	8h	2.4450	−0.614%	$717K	$1.1M	75x	as long as short
Binance PENDLEUSDT	−0.0050%	8h	2.4486	−0.467%	$25.9M	$44.5M	75x	as long as short
MEXC PENDLE_USDT	−0.0049%	8h	2.4489	−0.455%	$17.4M	$2.0M	125x	as long as short
Extended PENDLE-USD	−0.0048%	1h	2.4443	−0.641%	$158K	$579K	10x	as long as short
Orderly PERP_PENDLE_USDC	−0.0037%	8h	2.4458	−0.581%	$19K	$15K	10x	as long as short
ApeX Omni PENDLEUSDT	−0.0036%	1h	2.4519	−0.333%	$75K	$234K	50x	as long as short
BloFin PENDLE-USDT	−0.0036%	8h	2.4449	−0.618%	$1.1M	$592K	75x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.4521	−0.327%	$10K	—	5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	0.0000%	1h	2.4463	−0.561%	$24K	$15K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PENDLEUSDTshort	+0.0039%	8h	2.4524	−0.314%	$46K	$172K	10x
GRVT PENDLE_USDT_Perplong	+0.0051%	8h	2.4601	long leg	$417K	$2.1M	10x
Reya PENDLERUSDPERP	+0.0071%	1h	2.4453	−0.602%	$3K	—	15x	as long as short
Aevo PENDLE-PERP	+0.0072%	1h	2.4447	−0.625%	$26K	—	3x	as long as short
Variational Omni PENDLE	+0.0078%	8h	2.4500	−0.409%	$550K	$1.4M	—	as long as short
Lighter PENDLE	+0.0096%	1h	2.4464	−0.557%	$515K	$431K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4476	−0.509%	$34K	$11K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4475	−0.512%	$14.4M	$12.1M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4490	−0.451%	$3.1M	$6.4M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4488	−0.459%	$864K	$557K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4474	−0.516%	$3.6M	$2.3M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4495	−0.431%	—	$8.4M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4521	−0.326%	$24K	$374K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4475	−0.512%	$16K	$7K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4458	−0.581%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0196% / S −0.0222%	1h	2.4449	−0.617%	$5K	—	100x	as long as short
Hyperliquid PENDLE	+0.0288%	1h	2.4501	−0.406%	$12.7M	$6.0M	5x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0640%	1h	2.4480	−0.492%	$150K	$507K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0699%	1h	2.4538	−0.256%	$356K	$400K	15x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1187%	1h	2.4526	−0.306%	$115K	$268K	20x	as long as short