PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0014%/8h= +1.5% APRnext payment +$0.14 per $10,000 · paid last 24h −0.013%

Price spread now: Orderly against Aster+0.060%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Orderly is 0.060% dearer against Aster than usual: you sell high and buy low: +$6 more if the spread 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	Aster PENDLEUSDT	2.4827	−0.0051	get 0.0051% / 8h	5h 35m	$47K	$176K	10x
Short	Orderly PERP_PENDLE_USDC	2.4842	−0.0038	pay 0.0038% / 8h	5h 35m	$19K	$15K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.060%Rate

Funding earned: $2.88
Price spread: +0.060% → 0.000%: $5.99
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$5.14
Costs to cover: 0.140%
Break-even: 19.5 days

Slippage unknown: Aster: live order book, 26 min ago; Orderly: no order-book sample. 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 Aster live order book, 26 min ago	5.59 bp	108.3 bp −$108	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

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 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	−0.4938%	1h	2.4490	−1.358%	$2K	$54K	5.5x	as long as short
BloFin PENDLE-USDT	−0.0118%	8h	2.4787	−0.162%	$1.3M	$644K	75x	as long as short
Extended PENDLE-USD	−0.0112%	1h	2.4818	−0.038%	$163K	$568K	10x	as long as short
Binance PENDLEUSDT	−0.0110%	8h	2.4843	+0.062%	$26.6M	$43.4M	75x	as long as short
MEXC PENDLE_USDT	−0.0110%	8h	2.4848	+0.084%	$17.2M	$1.8M	125x	as long as short
Aster PENDLEUSDTlong	−0.0051%	8h	2.4827	long leg	$47K	$176K	10x
Orderly PERP_PENDLE_USDCshort	−0.0038%	8h	2.4842	+0.060%	$19K	$15K	10x
GRVT PENDLE_USDT_Perp	−0.0009%	8h	2.4799	−0.113%	$411K	$1.7M	10x	as long as short
Variational Omni PENDLE	−0.0006%	8h	2.4820	−0.028%	$546K	$1.8M	—	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.4832	+0.020%	$10K	—	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit PENDLE_USDC-PERPETUAL	0.0000%	1h	2.4856	+0.116%	$26K	$14K	10x	as long as short
Gate PENDLE_USDT	+0.0006%	8h	2.4820	−0.029%	$721K	$1.1M	75x	as long as short
Aevo PENDLE-PERP	+0.0056%	1h	2.4843	+0.064%	$26K	—	3x	as long as short
Reya PENDLERUSDPERP	+0.0059%	1h	2.4851	+0.094%	$4K	—	15x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4826	−0.005%	$530K	$418K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4823	−0.018%	$35K	$15K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.4882	+0.221%	$12.7M	$6.0M	5x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4844	+0.068%	$14.9M	$12.2M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4830	+0.012%	$3.1M	$6.1M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4836	+0.036%	$849K	$577K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4844	+0.068%	$3.7M	$2.4M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4844	+0.068%	—	$33.6M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4779	−0.193%	$24K	$379K	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	2.4793	−0.138%	$75K	$235K	50x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4862	+0.140%	$16K	$8K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4861	+0.136%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0158% / S −0.0257%	1h	2.4850	+0.092%	$7K	—	100x	as long as short
Backpack PENDLE_USDC_PERP	+0.0529%	1h	2.4889	+0.249%	$352K	$483K	15x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0552%	1h	2.4870	+0.173%	$148K	$492K	25x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0753%	1h	2.4879	+0.211%	$116K	$284K	20x	as long as short