PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0023%/8h= −2.6% APRnext payment −$0.23 per $10,000 · paid last 24h −0.008%

Price spread now: MEXC against Aster−0.261%7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$372as in the Price arb table

costs, in and out, $10k−$3493.486% of the position

Long on Aster Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.015%−$1 on $10k

Price spread, last 4 days (all we have)+0.051%+$5 · spread now −0.261%, 7d avg −0.027%

Together, before fees+0.036%+ Points / potential airdropAster: Stage 5 · farm board+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and MEXC is 0.234% cheaper against Aster than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of −0.027%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster PENDLEUSDT	2.4618	−0.0041	get 0.0041% / 8h	3h 49m	$47K	$171K	10x
Short	MEXC PENDLE_USDT	2.4554	−0.0064	pay 0.0064% / 8h	3h 49m	$17.3M	$1.9M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.261%Rate

Funding earned: −$4.91
Price spread: −0.261% → −0.027%: −$23.41
Slippage, 4 orders: −$336.65
Fee Aster: 4 bp × 2 orders: −$8
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$376.97
Costs to cover: 3.486%
Break-even: never at this rate

Slippage from Aster: live order book, 2 min ago; MEXC: live order book, 4 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, 2 min ago	36.29 bp	201.8 bp −$202	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	1.22 bp	5.9 bp −$6	27.3 bp −$273	72.7 bp −$7,274	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	−0.4243%	1h	2.4370	−1.008%	$2K	$54K	5.5x	as long as short
ApeX Omni PENDLEUSDT	−0.0402%	1h	2.4639	+0.085%	$75K	$235K	50x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0238%	1h	2.4580	−0.155%	$25K	$14K	10x	as long as short
Gate PENDLE_USDT	−0.0080%	8h	2.4590	−0.115%	$719K	$1.1M	75x	as long as short
Binance PENDLEUSDT	−0.0064%	8h	2.4518	−0.407%	$26.0M	$43.7M	75x	as long as short
Extended PENDLE-USD	−0.0064%	1h	2.4486	−0.539%	$158K	$576K	10x	as long as short
MEXC PENDLE_USDTshort	−0.0064%	8h	2.4554	−0.261%	$17.3M	$1.9M	125x
BloFin PENDLE-USDT	−0.0043%	8h	2.4591	−0.110%	$1.1M	$595K	75x	as long as short
Orderly PERP_PENDLE_USDC	−0.0041%	8h	2.4572	−0.188%	$19K	$15K	10x	as long as short
Aster PENDLEUSDTlong	−0.0041%	8h	2.4618	long leg	$47K	$171K	10x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX PENDLE-USD	0.0000%	1h	2.4601	−0.071%	$10K	—	5x	as long as short
GRVT PENDLE_USDT_Perp	+0.0049%	8h	2.4655	+0.148%	$413K	$1.9M	10x	as long as short
Aevo PENDLE-PERP	+0.0064%	1h	2.4566	−0.213%	$26K	—	3x	as long as short
Reya PENDLERUSDPERP	+0.0067%	1h	2.4578	−0.164%	$3K	—	15x	as long as short
Variational Omni PENDLE	+0.0071%	8h	2.4606	−0.051%	$552K	$1.4M	—	as long as short
Lighter PENDLE	+0.0096%	1h	2.4564	−0.220%	$515K	$428K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4547	−0.291%	$34K	$11K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4552	−0.269%	$14.5M	$11.9M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4550	−0.277%	$3.1M	$6.3M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4605	−0.054%	$883K	$550K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4488	−0.529%	$3.7M	$2.3M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4504	−0.464%	—	$8.5M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4631	+0.052%	$24K	$376K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4599	−0.078%	$16K	$7K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4591	−0.110%	$2K	$1.8M	20x	as long as short
Hyperliquid PENDLE	+0.0137%	1h	2.4601	−0.069%	$12.7M	$6.0M	5x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0196% / S −0.0222%	1h	2.4583	−0.143%	$5K	—	100x	as long as short
Backpack PENDLE_USDC_PERP	+0.0447%	1h	2.4627	+0.036%	$358K	$399K	15x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0640%	1h	2.4640	+0.089%	$146K	$497K	25x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1182%	1h	2.4638	+0.080%	$115K	$268K	20x	as long as short