PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0057%/8h= +6.3% APRnext payment +$0.57 per $10,000 · paid last 24h +0.009%

Price spread now: BingX against Aster+0.216%7-day average −0.053% · 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−$60as in the Price arb table

costs, in and out, $10k−$870.871% of the position

Long on Aster Short on BingX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.044%+$4 on $10k

Price spread, last 4 days (all we have)−0.383%−$38 · spread now +0.216%, 7d avg −0.053%

Together, before fees−0.338%+ Points / potential airdropAster: Stage 5 · farm board−$34 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BingX is 0.269% dearer against Aster than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of −0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster PENDLEUSDT	2.5365	0.0043	pay 0.0043% / 8h	7h 10m	$48K	$173K	10x
Short	BingX PENDLE-USDT	2.5420	0.0100	get 0.0100% / 8h	7h 10m	—	$35.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Aster. 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 AsterbpFee BingXbpOrdersPrice spread, now +0.216%Rate

Funding earned: $11.99
Price spread: +0.216% → −0.053%: $26.89
Slippage, 4 orders: −$69.14
Fee Aster: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$48.26
Costs to cover: 0.871%
Break-even: 35.2 days

Slippage from Aster: live order book, 60 min ago; BingX: live order book, 13 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 Aster live order book, 60 min ago	4.38 bp	44.9 bp −$45	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 13 min ago	3.36 bp	11.9 bp −$12	23.0 bp −$230	144.9 bp −$14.5K	426.9 bp −$213.4K

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	−0.4643%	1h	2.5030	−1.321%	$2K	$54K	5.5x	as long as short
Bybit PENDLEUSDT	−0.0213%	8h	2.5420	+0.216%	$15.6M	$12.0M	50x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0183%	1h	2.5376	+0.043%	$26K	$14K	10x	as long as short
GRVT PENDLE_USDT_Perp	−0.0133%	8h	2.5346	−0.076%	$419K	$1.7M	10x	as long as short
Binance PENDLEUSDT	−0.0098%	8h	2.5427	+0.242%	$27.5M	$42.7M	75x	as long as short
MEXC PENDLE_USDT	−0.0098%	8h	2.5422	+0.224%	$17.2M	$1.9M	125x	as long as short
Extended PENDLE-USD	−0.0096%	1h	2.5414	+0.193%	$165K	$565K	10x	as long as short
BloFin PENDLE-USDT	−0.0087%	8h	2.5350	−0.060%	$1.3M	$675K	75x	as long as short
ApeX Omni PENDLEUSDT	−0.0076%	1h	2.5345	−0.080%	$77K	$238K	50x	as long as short
Orderly PERP_PENDLE_USDC	−0.0025%	8h	2.5375	+0.039%	$20K	$16K	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	−0.0024%	8h	2.5356	−0.037%	$611K	$1.8M	—	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5355	−0.039%	$11K	—	5x	as long as short
Aster PENDLEUSDTlong	+0.0043%	8h	2.5365	long leg	$48K	$173K	10x
Reya PENDLERUSDPERP	+0.0051%	1h	2.5368	+0.011%	$4K	—	15x	as long as short
Aevo PENDLE-PERP	+0.0056%	1h	2.5376	+0.043%	$27K	—	3x	as long as short
Gate PENDLE_USDT	+0.0072%	8h	2.5410	+0.177%	$791K	$1.2M	75x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5367	+0.007%	$539K	$418K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5354	−0.044%	$35K	$18K	10x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5420	+0.216%	$3.3M	$6.1M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5437	+0.283%	$886K	$588K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5421	+0.220%	$3.9M	$2.5M	75x	as long as short
BingX PENDLE-USDTshort	+0.0100%	8h	2.5420	+0.216%	—	$35.7M	—
edgeX PENDLEUSDC	+0.0100%	4h	2.5317	−0.188%	$25K	$383K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5383	+0.070%	$16K	$20K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5373	+0.031%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0203% / S −0.0382%	1h	2.5389	+0.096%	$7K	—	100x	as long as short
Hyperliquid PENDLE	+0.0359%	1h	2.5497	+0.519%	$13.1M	$6.4M	5x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0612%	1h	2.5430	+0.257%	$118K	$292K	20x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0728%	1h	2.5400	+0.137%	$143K	$462K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0885%	1h	2.5425	+0.236%	$356K	$489K	15x	as long as short