PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0146%/8h= −16.0% APRnext payment −$1.46 per $10,000 · paid last 24h +0.028%

Price spread now: Aster against Bybit+0.092%7-day average +0.069% · 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−$392as in the Price arb table

costs, in and out, $10k−$3943.941% of the position

Long on Bybit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.104%+$10 on $10k

Price spread, last 4 days (all we have)+0.003%$0 · spread now +0.092%, 7d avg +0.069%

Together, before fees+0.107%+ Points / potential airdropAster: Stage 5 · farm board+$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.023% dearer against Bybit than usual: you sell high and buy low (spread +0.092% now, against its 7-day average of +0.069%): +$2 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 12 hours. Mind the row above: over the last 5 days funding on this pair paid +0.104%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit PENDLEUSDT	2.4640	0.0100	pay 0.0100% / 8h	4h 50m	$14.6M	$12.3M	50x
Short	Aster PENDLEUSDT	2.4663	−0.0046	pay 0.0046% / 8h	4h 50m	$47K	$178K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bybit. 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 BybitbpFee AsterbpOrdersPrice spread, now +0.092%Rate

Funding earned: −$30.71
Price spread: +0.092% → +0.069%: $2.28
Slippage, 4 orders: −$375.12
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aster: 4 bp × 2 orders: −$8
Net: −$422.55
Costs to cover: 3.941%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Aster: live order book, 6 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 Bybit live order book, 3 min ago	4.05 bp	15.6 bp −$16	70.8 bp −$708	doesn't fit	doesn't fit
Sell Aster live order book, 6 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	−0.852%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0115%	1h	2.4656	+0.065%	$25K	$14K	10x	as long as short
Extended PENDLE-USD	−0.0072%	1h	2.4630	−0.039%	$161K	$570K	10x	as long as short
Binance PENDLEUSDT	−0.0071%	8h	2.4640	0.000%	$26.2M	$43.9M	75x	as long as short
MEXC PENDLE_USDT	−0.0070%	8h	2.4648	+0.032%	$17.4M	$1.9M	125x	as long as short
BloFin PENDLE-USDT	−0.0058%	8h	2.4635	−0.020%	$1.3M	$650K	75x	as long as short
Aster PENDLEUSDTshort	−0.0046%	8h	2.4663	+0.092%	$47K	$178K	10x
Orderly PERP_PENDLE_USDC	−0.0035%	8h	2.4650	+0.041%	$19K	$15K	10x	as long as short
Gate PENDLE_USDT	−0.0026%	8h	2.4660	+0.081%	$716K	$1.1M	75x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.4666	+0.104%	$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	−0.058%	$563K	$1.7M	—	as long as short
Reya PENDLERUSDPERP	+0.0063%	1h	2.4654	+0.057%	$3K	—	15x	as long as short
Aevo PENDLE-PERP	+0.0064%	1h	2.4632	−0.034%	$26K	—	3x	as long as short
GRVT PENDLE_USDT_Perp	+0.0081%	8h	2.4685	+0.182%	$412K	$1.8M	10x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4651	+0.045%	$526K	$414K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4644	+0.016%	$34K	$13K	10x	as long as short
Bybit PENDLEUSDTlong	+0.0100%	8h	2.4640	long leg	$14.6M	$12.3M	50x
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4650	+0.041%	$3.1M	$6.2M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4658	+0.073%	$873K	$580K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4656	+0.065%	$3.7M	$2.4M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4654	+0.057%	—	$8.6M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4687	+0.189%	$24K	$377K	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	2.4674	+0.138%	$75K	$235K	50x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4672	+0.130%	$16K	$8K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4649	+0.037%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0196% / S −0.0222%	1h	2.4659	+0.075%	$5K	—	100x	as long as short
Hyperliquid PENDLE	+0.0310%	1h	2.4697	+0.232%	$12.6M	$6.1M	5x	as long as short
Backpack PENDLE_USDC_PERP	+0.0420%	1h	2.4691	+0.207%	$355K	$477K	15x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0608%	1h	2.4660	+0.081%	$146K	$491K	25x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1177%	1h	2.4700	+0.242%	$115K	$278K	20x	as long as short