PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0057%/8h= +6.2% APRnext payment +$0.57 per $10,000 · paid last 24h +0.009%

Price spread now: BingX against Aster+0.003%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−$82as 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)−0.169%−$17 · spread now +0.003%, 7d avg −0.053%

Together, before fees−0.125%+ Points / potential airdropAster: Stage 5 · farm board−$12 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 0.055% dearer against Aster than usual: you sell high and buy low: +$6 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	2.5369	0.0043	pay 0.0043% / 8h	7h 13m	$47K	$173K	10x
Short	BingX PENDLE-USDT	2.5370	0.0100	get 0.0100% / 8h	7h 13m	—	$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 +0.003%Rate

Funding earned: $11.93
Price spread: +0.003% → −0.053%: $5.55
Slippage, 4 orders: −$69.14
Fee Aster: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$69.67
Costs to cover: 0.871%
Break-even: 47.9 days

Slippage from Aster: live order book, 57 min ago; BingX: live order book, 10 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, 57 min ago	4.38 bp	44.9 bp −$45	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 10 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	2.4970	−1.574%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0262%	1h	2.5364	−0.021%	$26K	$14K	10x	as long as short
GRVT PENDLE_USDT_Perp	−0.0196%	8h	2.5228	−0.559%	$417K	$1.7M	10x	as long as short
Bybit PENDLEUSDT	−0.0149%	8h	2.5351	−0.072%	$15.6M	$11.9M	50x	as long as short
BloFin PENDLE-USDT	−0.0121%	8h	2.5295	−0.293%	$1.3M	$671K	75x	as long as short
Extended PENDLE-USD	−0.0104%	1h	2.5323	−0.182%	$165K	$570K	10x	as long as short
MEXC PENDLE_USDT	−0.0101%	8h	2.5377	+0.030%	$17.2M	$1.9M	125x	as long as short
Binance PENDLEUSDT	−0.0100%	8h	2.5364	−0.020%	$27.4M	$42.6M	75x	as long as short
ApeX Omni PENDLEUSDT	−0.0078%	1h	2.5241	−0.506%	$77K	$238K	50x	as long as short
Orderly PERP_PENDLE_USDC	−0.0024%	8h	2.5357	−0.049%	$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	−0.427%	$609K	$1.8M	—	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5320	−0.195%	$11K	—	5x	as long as short
Aster PENDLEUSDTlong	+0.0043%	8h	2.5369	long leg	$47K	$173K	10x
Reya PENDLERUSDPERP	+0.0051%	1h	2.5347	−0.086%	$4K	—	15x	as long as short
Aevo PENDLE-PERP	+0.0056%	1h	2.5353	−0.066%	$27K	—	3x	as long as short
Gate PENDLE_USDT	+0.0080%	8h	2.5370	+0.003%	$790K	$1.2M	75x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5378	+0.034%	$539K	$418K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5330	−0.154%	$35K	$18K	10x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5340	−0.116%	$3.2M	$6.0M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5381	+0.046%	$888K	$587K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5344	−0.100%	$3.9M	$2.5M	75x	as long as short
BingX PENDLE-USDTshort	+0.0100%	8h	2.5370	+0.003%	—	$35.7M	—
edgeX PENDLEUSDC	+0.0100%	4h	2.5224	−0.573%	$25K	$382K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5360	−0.037%	$16K	$20K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5356	−0.053%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0203% / S −0.0382%	1h	2.5366	−0.012%	$7K	—	100x	as long as short
Hyperliquid PENDLE	+0.0362%	1h	2.5436	+0.263%	$13.1M	$6.4M	5x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0613%	1h	2.5419	+0.195%	$118K	$293K	20x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0728%	1h	2.5370	+0.003%	$144K	$461K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0871%	1h	2.5431	+0.243%	$356K	$489K	15x	as long as short