Funding you earn now, next payment 08:00 UTC+0.0002%/8h= +0.2% APRnext payment +$0.02 per $10,000 · paid last 24h +0.013%
Price spread now: Aster against Orderly+0.068%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.068% dearer against Orderly than usual: you sell high and buy low, +$7 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_PENDLE_USDC | 2.5084 | −0.0038 | get 0.0038% / 8h | 6h 11m | $20K | $16K | 10x |
| Short | Aster PENDLEUSDT | 2.5101 | −0.0037 | pay 0.0037% / 8h | 6h 11m | $50K | $181K | 10x |
Orderly PERP_PENDLE_USDC
Aster PENDLEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Orderly. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0.36
- Price spread: +0.068% → 0.000%
- $6.85
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$6.79
- Costs to cover
- 0.140%
- Break-even
- 137.8 days
Slippage unknown: Orderly: no order-book sample; Aster: live order book, 55 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Aster live order book, 55 min ago | 4.55 bp | 17.5 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
PENDLE on 29 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 | 2.4870 | −0.853% | $2K | $54K | 5.5x | as long as short |
| Deribit PENDLE_USDC-PERPETUAL | −0.0427% | 1h | 2.5087 | +0.012% | $26K | $14K | 10x | as long as short |
| Binance PENDLEUSDT | −0.0132% | 8h | 2.5085 | +0.004% | $27.0M | $43.4M | 75x | as long as short |
| Extended PENDLE-USD | −0.0128% | 1h | 2.5067 | −0.067% | $163K | $570K | 10x | as long as short |
| MEXC PENDLE_USDT | −0.0128% | 8h | 2.5087 | +0.012% | $17.4M | $1.8M | 125x | as long as short |
| GRVT PENDLE_USDT_Perp | −0.0121% | 8h | 2.5086 | +0.009% | $422K | $1.7M | 10x | as long as short |
| ApeX Omni PENDLEUSDT | −0.0097% | 1h | 2.5098 | +0.056% | $77K | $236K | 50x | as long as short |
| Gate PENDLE_USDT | −0.0040% | 8h | 2.5060 | −0.096% | $762K | $1.2M | 75x | as long as short |
| Variational Omni PENDLE | −0.0040% | 8h | 2.5105 | +0.085% | $613K | $1.8M | — | as long as short |
| Orderly PERP_PENDLE_USDClong | −0.0038% | 8h | 2.5084 | long leg | $20K | $16K | 10x |
Injective PENDLE/USDC PERP
Deribit PENDLE_USDC-PERPETUAL
Binance PENDLEUSDT
Extended PENDLE-USD
MEXC PENDLE_USDT
GRVT PENDLE_USDT_Perp
ApeX Omni PENDLEUSDT
Gate PENDLE_USDT
Variational Omni PENDLEShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster PENDLEUSDTshort | −0.0037% | 8h | 2.5101 | +0.068% | $50K | $181K | 10x | |
| Bybit PENDLEUSDT | −0.0022% | 8h | 2.5090 | +0.024% | $15.2M | $12.0M | 50x | as long as short |
| dYdX PENDLE-USD | 0.0000% | 1h | 2.5120 | +0.144% | $11K | — | 5x | as long as short |
| Aevo PENDLE-PERP | +0.0048% | 1h | 2.5079 | −0.021% | $26K | — | 3x | as long as short |
| Reya PENDLERUSDPERP | +0.0056% | 1h | 2.5067 | −0.069% | $4K | — | 15x | as long as short |
| Lighter PENDLE | +0.0096% | 1h | 2.5096 | +0.048% | $534K | $416K | 5x | as long as short |
| Paradex PENDLE-USD-PERP | +0.0100% | 8h | 2.5071 | −0.053% | $35K | $16K | 10x | as long as short |
| Hyperliquid PENDLE | +0.0100% | 1h | 2.5105 | +0.084% | $12.9M | $6.4M | 5x | as long as short |
| OKX PENDLE-USDT-SWAP | +0.0100% | 4h | 2.5080 | −0.016% | $3.2M | $6.2M | 50x | as long as short |
| KuCoin PENDLEUSDTM | +0.0100% | 8h | 2.5098 | +0.056% | $867K | $593K | 50x | as long as short |
| Bitget PENDLEUSDT | +0.0100% | 8h | 2.5060 | −0.096% | $3.8M | $2.5M | 75x | as long as short |
| BingX PENDLE-USDT | +0.0100% | 8h | 2.5061 | −0.092% | — | $33.6M | — | as long as short |
| edgeX PENDLEUSDC | +0.0100% | 4h | 2.5110 | +0.103% | $25K | $381K | 10x | as long as short |
| Polymarket Perps PENDLE-USD | +0.0100% | 1h | 2.5094 | +0.040% | $16K | $20K | 5x | as long as short |
| SunX PENDLE-USDT | +0.0100% | 8h | 2.5078 | −0.024% | $2K | $1.8M | 20x | as long as short |
| GMX PENDLE/USD [PENDLE-USDC] | L +0.0158% / S −0.0256% | 1h | 2.5085 | +0.005% | $7K | — | 100x | as long as short |
| Backpack PENDLE_USDC_PERP | +0.0407% | 1h | 2.5129 | +0.179% | $352K | $482K | 15x | as long as short |
| Coinbase International PENDLE-PERP-INTX | +0.0632% | 1h | 2.5260 | +0.702% | $145K | $473K | 25x | as long as short |
| Kraken Futures PF_PENDLEUSD | +0.0867% | 1h | 2.5134 | +0.199% | $117K | $289K | 20x | as long as short |
Bybit PENDLEUSDT
dYdX PENDLE-USD
Aevo PENDLE-PERP
Reya PENDLERUSDPERP
Lighter PENDLE
Paradex PENDLE-USD-PERP
Hyperliquid PENDLE
OKX PENDLE-USDT-SWAP
KuCoin PENDLEUSDTM
Bitget PENDLEUSDT
BingX PENDLE-USDT
edgeX PENDLEUSDC
Polymarket Perps PENDLE-USD
SunX PENDLE-USDT
GMX PENDLE/USD [PENDLE-USDC]
Backpack PENDLE_USDC_PERP
Coinbase International PENDLE-PERP-INTX
Kraken Futures PF_PENDLEUSD