PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0154%/8h= −16.9% APRnext payment −$1.54 per $10,000 · paid last 24h +0.009%

Price spread now: BloFin against Aster−0.156%7-day average −0.014% · 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−$242as in the Price arb table

costs, in and out, $10k−$2272.275% of the position

Long on Aster Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.002%$0 on $10k

Price spread, last 3 days (all we have)+0.322%+$32 · spread now −0.156%, 7d avg −0.014%

Together, before fees+0.324%+ Points / potential airdropAster: Stage 5 · farm board+$32 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and BloFin is 0.142% cheaper against Aster than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.014%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster PENDLEUSDT	2.5237	0.0100	pay 0.0100% / 8h	35m 11s	$46K	$177K	10x
Short	BloFin PENDLE-USDT	2.5198	−0.0054	pay 0.0054% / 8h	35m 11s	$1.3M	$752K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.156%Rate

Funding earned: −$32.32
Price spread: −0.156% → −0.014%: −$14.23
Slippage, 4 orders: −$207.46
Fee Aster: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$274.01
Costs to cover: 2.275%
Break-even: never at this rate

Slippage from Aster: live order book, 41 min ago; BloFin: live order book, 2 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, 41 min ago	8.44 bp	102.9 bp −$103	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 2 min ago	0.20 bp	15.0 bp −$15	25.5 bp −$255	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	−0.5000%	1h	2.4940	−1.178%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0503%	1h	2.5223	−0.057%	$30K	$10K	10x	as long as short
ApeX Omni PENDLEUSDT	−0.0090%	1h	2.5215	−0.088%	$77K	$239K	50x	as long as short
BloFin PENDLE-USDTshort	−0.0054%	8h	2.5198	−0.156%	$1.3M	$752K	75x
Binance PENDLEUSDT	−0.0027%	8h	2.5224	−0.053%	$27.3M	$41.9M	75x	as long as short
MEXC PENDLE_USDT	−0.0026%	8h	2.5230	−0.029%	$17.1M	$1.9M	125x	as long as short
Extended PENDLE-USD	−0.0024%	1h	2.5207	−0.119%	$166K	$528K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5242	+0.017%	$11K	—	5x	as long as short
Orderly PERP_PENDLE_USDC	0.0000%	8h	2.5214	−0.092%	$20K	$16K	10x	as long as short
Variational Omni PENDLE	+0.0043%	8h	2.5187	−0.199%	$594K	$1.9M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya PENDLERUSDPERP	+0.0045%	1h	2.5204	−0.132%	$4K	—	15x	as long as short
GRVT PENDLE_USDT_Perp	+0.0050%	8h	2.5225	−0.050%	$418K	$1.6M	10x	as long as short
Aevo PENDLE-PERP	+0.0072%	1h	2.5215	−0.088%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5228	−0.037%	$531K	$415K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5203	−0.138%	$35K	$18K	10x	as long as short
Aster PENDLEUSDTlong	+0.0100%	8h	2.5237	long leg	$46K	$177K	10x
Bybit PENDLEUSDT	+0.0100%	8h	2.5220	−0.069%	$15.5M	$11.9M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5230	−0.029%	$3.2M	$6.1M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.5210	−0.108%	$783K	$1.2M	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5242	+0.019%	$893K	$600K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5194	−0.172%	$3.7M	$2.7M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5207	−0.120%	—	$35.7M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5204	−0.133%	$25K	$396K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5228	−0.037%	$16K	$20K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5210	−0.108%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0199% / S −0.0256%	1h	2.5229	−0.032%	$5K	—	100x	as long as short
Hyperliquid PENDLE	+0.0222%	1h	2.5268	+0.122%	$12.7M	$6.1M	5x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0594%	1h	2.5277	+0.155%	$120K	$299K	20x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0600%	1h	2.5340	+0.407%	$141K	$458K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0855%	1h	2.5271	+0.133%	$329K	$491K	15x	as long as short