PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0163%/8h= +17.8% APRnext payment +$1.63 per $10,000 · paid last 24h −0.010%

Price spread now: Aster against MEXC+0.094%7-day average +0.024% · 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−$207as in the Price arb table

costs, in and out, $10k−$2142.136% of the position

Long on MEXC 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)+0.069%+$7 · spread now +0.094%, 7d avg +0.024%

Together, before fees+0.067%+ Points / potential airdropAster: Stage 5 · farm board+$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Aster is 0.070% dearer against MEXC than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PENDLE_USDT	2.5121	−0.0063	get 0.0063% / 8h	11m 04s	$17.0M	$1.9M	125x
Short	Aster PENDLEUSDT	2.5145	0.0100	get 0.0100% / 8h	11m 04s	$47K	$177K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against MEXC. 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 MEXCbpFee AsterbpOrdersPrice spread, now +0.094%Rate

Funding earned: $34.23
Price spread: +0.094% → +0.024%: $7.01
Slippage, 4 orders: −$201.58
Fee MEXC: 2 bp × 2 orders: −$4
Fee Aster: 4 bp × 2 orders: −$8
Net: −$172.34
Costs to cover: 2.136%
Break-even: 42.2 days

Slippage from MEXC: live order book, 2 min ago; Aster: live order book, 65 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 MEXC live order book, 2 min ago	0.20 bp	5.8 bp −$6	28.0 bp −$280	92.1 bp −$9,208	doesn't fit
Sell Aster live order book, 65 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	−0.721%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0625%	1h	2.5116	−0.020%	$28K	$11K	10x	as long as short
ApeX Omni PENDLEUSDT	−0.0066%	1h	2.5150	+0.115%	$77K	$239K	50x	as long as short
Binance PENDLEUSDT	−0.0066%	8h	2.5117	−0.016%	$27.2M	$42.1M	75x	as long as short
Extended PENDLE-USD	−0.0064%	1h	2.5104	−0.066%	$165K	$528K	10x	as long as short
MEXC PENDLE_USDTlong	−0.0063%	8h	2.5121	long leg	$17.0M	$1.9M	125x
BloFin PENDLE-USDT	−0.0047%	8h	2.5102	−0.076%	$1.3M	$707K	75x	as long as short
Orderly PERP_PENDLE_USDC	−0.0008%	8h	2.5110	−0.044%	$20K	$16K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5173	+0.206%	$11K	—	5x	as long as short
GRVT PENDLE_USDT_Perp	+0.0016%	8h	2.5140	+0.076%	$416K	$1.6M	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	+0.0022%	8h	2.5081	−0.158%	$596K	$1.9M	—	as long as short
Reya PENDLERUSDPERP	+0.0046%	1h	2.5108	−0.054%	$4K	—	15x	as long as short
Aevo PENDLE-PERP	+0.0064%	1h	2.5101	−0.080%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5119	−0.008%	$529K	$416K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5130	+0.036%	$35K	$18K	10x	as long as short
Aster PENDLEUSDTshort	+0.0100%	8h	2.5145	+0.094%	$47K	$177K	10x
Bybit PENDLEUSDT	+0.0100%	8h	2.5102	−0.076%	$15.5M	$12.0M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5100	−0.084%	$3.2M	$6.0M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.5090	−0.123%	$784K	$1.2M	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5136	+0.060%	$883K	$600K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5097	−0.096%	$3.7M	$2.5M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5111	−0.040%	—	$35.7M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5152	+0.125%	$25K	$380K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5135	+0.056%	$16K	$20K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5120	−0.004%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0199% / S −0.0256%	1h	2.5116	−0.021%	$5K	—	100x	as long as short
Hyperliquid PENDLE	+0.0338%	1h	2.5155	+0.135%	$12.7M	$6.2M	5x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0597%	1h	2.5161	+0.161%	$119K	$298K	20x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0600%	1h	2.5340	+0.872%	$141K	$450K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0669%	1h	2.5152	+0.123%	$330K	$489K	15x	as long as short