PENDLE

Alert

Funding spread now, next payment 17:00 UTC+0.0628%/8h

paid, last 24h−0.069%paid, last 5 days+0.050%to open and close $10k−$126

Long on Aster Short on Coinbase International

The current rate is far above what this pair has been paying: over the last 5 days it paid 0.050% in total (about 3.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster PENDLEUSDT	2.5474	−0.0036	get 0.0036% / 8h	6h 38m	$51K	$133K	10x
Short	Coinbase International PENDLE-PERP-INTX	2.5520	0.0592	get 0.0074% / 1h	38m 06s	$116K	$431K	25x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee Coinbase InternationalbpOrdersRate

Funding earned: $131.9
Slippage, 4 orders: −$108.39
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $5.51
Break-even: 6.7 days

Slippage from Aster: live order book, 16 min ago; Coinbase International: live order book, 1 min ago.

Price risk

price view

Price gap now: +0.180%
Avg gap 7d: +0.032%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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, 16 min ago	2.74 bp	71.7 bp −$72	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 1 min ago	7.85 bp	28.9 bp −$29	doesn't fit	doesn't fit	doesn't fit

PENDLE on 29 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective PENDLE/USDC PERP	−0.4277%	1h	$2K	$7K	5.5x	as long as short
Variational Omni PENDLE	−0.0235%	8h	$663K	$2.2M	—	as long as short
Aster PENDLEUSDTlong	−0.0036%	8h	$51K	$133K	10x
dYdX PENDLE-USD	0.0000%	1h	$11K	—	5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	0.0000%	1h	$30K	$11K	10x	as long as short
Reya PENDLERUSDPERP	+0.0015%	1h	$4K	—	15x	as long as short
BloFin PENDLE-USDT	+0.0043%	8h	$1.4M	$844K	75x	as long as short
Orderly PERP_PENDLE_USDC	+0.0049%	8h	$20K	$4K	10x	as long as short
Binance PENDLEUSDT	+0.0056%	8h	$28.0M	$34.9M	75x	as long as short
Extended PENDLE-USD	+0.0056%	1h	$167K	$520K	10x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC PENDLE_USDT	+0.0057%	8h	$16.8M	$2.2M	125x	as long as short
Gate PENDLE_USDT	+0.0072%	8h	$819K	$1.1M	75x	as long as short
Bybit PENDLEUSDT	+0.0084%	8h	$15.9M	$11.7M	50x	as long as short
Lighter PENDLE	+0.0096%	1h	$557K	$356K	5x	as long as short
Aevo PENDLE-PERP	+0.0096%	1h	$27K	—	3x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	$36K	$29K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	$12.2M	$5.3M	5x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	$3.3M	$5.1M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	$932K	$561K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	$3.8M	$2.6M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	—	$34.2M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	$25K	$415K	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	$78K	$238K	50x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	$16K	$30K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	$1K	$1.6M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0200% / S −0.0272%	1h	$5K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTXshort	+0.0592%	1h	$116K	$431K	25x
Backpack PENDLE_USDC_PERP	+0.0698%	1h	$378K	$455K	15x	as long as short
Kraken Futures PF_PENDLEUSD	+0.2126%	1h	$155K	$268K	20x	as long as short