PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0022%/8h= +2.4% APRnext payment +$0.22 per $10,000 · paid last 24h +0.001%

Price spread now: Gate against Aster+0.050%7-day average −0.061% · 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−$100as in the Price arb table

costs, in and out, $10k−$1111.114% of the position

Long on Aster Short on Gate

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.038%+$4 on $10k

Price spread, last 4 days (all we have)−0.239%−$24 · spread now +0.050%, 7d avg −0.061%

Together, before fees−0.201%+ Points / potential airdropAster: Stage 5 · farm board−$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Gate is 0.111% dearer against Aster than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.061%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster PENDLEUSDT	2.5317	0.0043	pay 0.0043% / 8h	7h 15m	$47K	$173K	10x
Short	Gate PENDLE_USDT	2.5330	0.0065	get 0.0065% / 8h	7h 15m	$789K	$1.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.050%Rate

Funding earned: $4.58
Price spread: +0.050% → −0.061%: $11.11
Slippage, 4 orders: −$88.45
Fee Aster: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$95.76
Costs to cover: 1.114%
Break-even: 153.4 days

Slippage from Aster: live order book, 56 min ago; Gate: live order book, 2 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, 56 min ago	4.38 bp	44.9 bp −$45	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	3.95 bp	25.7 bp −$26	159.7 bp −$1,597	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	−0.4643%	1h	2.4970	−1.372%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0223%	1h	2.5331	+0.054%	$26K	$14K	10x	as long as short
GRVT PENDLE_USDT_Perp	−0.0196%	8h	2.5228	−0.354%	$417K	$1.7M	10x	as long as short
Bybit PENDLEUSDT	−0.0135%	8h	2.5315	−0.009%	$15.6M	$11.9M	50x	as long as short
Extended PENDLE-USD	−0.0104%	1h	2.5300	−0.067%	$164K	$570K	10x	as long as short
Binance PENDLEUSDT	−0.0101%	8h	2.5340	+0.090%	$27.4M	$42.6M	75x	as long as short
MEXC PENDLE_USDT	−0.0099%	8h	2.5340	+0.090%	$17.1M	$1.9M	125x	as long as short
BloFin PENDLE-USDT	−0.0084%	8h	2.5219	−0.388%	$1.3M	$669K	75x	as long as short
ApeX Omni PENDLEUSDT	−0.0078%	1h	2.5241	−0.301%	$77K	$238K	50x	as long as short
Orderly PERP_PENDLE_USDC	−0.0024%	8h	2.5330	+0.050%	$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	−0.0013%	8h	2.5261	−0.222%	$609K	$1.8M	—	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5343	+0.101%	$11K	—	5x	as long as short
Aster PENDLEUSDTlong	+0.0043%	8h	2.5317	long leg	$47K	$173K	10x
Reya PENDLERUSDPERP	+0.0051%	1h	2.5332	+0.060%	$4K	—	15x	as long as short
Aevo PENDLE-PERP	+0.0056%	1h	2.5325	+0.030%	$26K	—	3x	as long as short
Gate PENDLE_USDTshort	+0.0065%	8h	2.5330	+0.050%	$789K	$1.2M	75x
Lighter PENDLE	+0.0096%	1h	2.5323	+0.023%	$538K	$418K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5340	+0.090%	$35K	$18K	10x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5310	−0.029%	$3.2M	$6.0M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5341	+0.094%	$890K	$587K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5316	−0.005%	$3.9M	$2.5M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5326	+0.034%	—	$35.7M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5224	−0.368%	$25K	$382K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5361	+0.173%	$16K	$20K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5332	+0.058%	$1K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0203% / S −0.0382%	1h	2.5343	+0.103%	$7K	—	100x	as long as short
Hyperliquid PENDLE	+0.0366%	1h	2.5393	+0.299%	$13.0M	$6.4M	5x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0614%	1h	2.5365	+0.188%	$118K	$293K	20x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0728%	1h	2.5370	+0.208%	$144K	$461K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0850%	1h	2.5373	+0.220%	$356K	$489K	15x	as long as short