PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0027%/8h= +2.9% APRnext payment +$0.27 per $10,000 · paid last 24h +0.008%

Price spread now: Aster against Binance−0.003%7-day average +0.021% · 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−$383as in the Price arb table

costs, in and out, $10k−$3813.807% of the position

Long on Binance Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.015%+$1 on $10k

Price spread, last 4 days (all we have)+0.099%+$10 · spread now −0.003%, 7d avg +0.021%

Together, before fees+0.113%+ Points / potential airdropAster: Stage 5 · farm board+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.024% cheaper against Binance than usual: you would sell low and buy high (spread −0.003% now, against its 7-day average of +0.021%). If the spread goes back, that is −$2 on $10k: about 3.0 days of funding at the current rate (+$1 a day). At the pace of the last 5 days (+0.015% in total) that is about 8.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PENDLEUSDT	2.4669	−0.0071	get 0.0071% / 8h	4h 51m	$26.3M	$43.9M	75x
Short	Aster PENDLEUSDT	2.4668	−0.0044	pay 0.0044% / 8h	4h 51m	$47K	$178K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Binance. 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 BinancebpFee AsterbpOrdersPrice spread, now −0.003%Rate

Funding earned: $5.65
Price spread: −0.003% → +0.021%: −$2.39
Slippage, 4 orders: −$362.66
Fee Binance: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$377.4
Costs to cover: 3.807%
Break-even: 474.7 days

Slippage from Binance: live order book, 6 min ago; Aster: live order book, 5 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 Binance live order book, 6 min ago	0.81 bp	11.3 bp −$11	27.4 bp −$274	doesn't fit	doesn't fit
Sell Aster live order book, 5 min ago	4.24 bp	139.0 bp −$139	doesn't fit	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	−0.4334%	1h	2.4430	−0.969%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0237%	1h	2.4644	−0.101%	$25K	$14K	10x	as long as short
Extended PENDLE-USD	−0.0072%	1h	2.4634	−0.144%	$161K	$570K	10x	as long as short
Binance PENDLEUSDTlong	−0.0071%	8h	2.4669	long leg	$26.3M	$43.9M	75x
MEXC PENDLE_USDT	−0.0068%	8h	2.4642	−0.109%	$17.3M	$1.9M	125x	as long as short
BloFin PENDLE-USDT	−0.0058%	8h	2.4635	−0.138%	$1.3M	$650K	75x	as long as short
Aster PENDLEUSDTshort	−0.0044%	8h	2.4668	−0.003%	$47K	$178K	10x
Orderly PERP_PENDLE_USDC	−0.0036%	8h	2.4641	−0.114%	$19K	$15K	10x	as long as short
Gate PENDLE_USDT	−0.0019%	8h	2.4640	−0.118%	$715K	$1.1M	75x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.4666	−0.014%	$10K	—	5x	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	+0.0034%	8h	2.4626	−0.176%	$563K	$1.7M	—	as long as short
Reya PENDLERUSDPERP	+0.0063%	1h	2.4649	−0.079%	$3K	—	15x	as long as short
Aevo PENDLE-PERP	+0.0064%	1h	2.4630	−0.158%	$26K	—	3x	as long as short
GRVT PENDLE_USDT_Perp	+0.0081%	8h	2.4685	+0.065%	$412K	$1.8M	10x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4653	−0.065%	$526K	$414K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4634	−0.141%	$34K	$13K	10x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4621	−0.195%	$14.6M	$12.3M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4650	−0.077%	$3.1M	$6.2M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4681	+0.049%	$873K	$580K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4651	−0.073%	$3.7M	$2.4M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4651	−0.073%	—	$8.6M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4687	+0.071%	$24K	$377K	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	2.4674	+0.020%	$75K	$235K	50x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4672	+0.012%	$16K	$8K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4655	−0.057%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0196% / S −0.0222%	1h	2.4651	−0.074%	$5K	—	100x	as long as short
Hyperliquid PENDLE	+0.0283%	1h	2.4683	+0.057%	$12.6M	$6.1M	5x	as long as short
Backpack PENDLE_USDC_PERP	+0.0420%	1h	2.4691	+0.089%	$355K	$477K	15x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0608%	1h	2.4760	+0.369%	$147K	$493K	25x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1178%	1h	2.4693	+0.096%	$115K	$278K	20x	as long as short