PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0054%/8h= +6.0% APRnext payment +$0.54 per $10,000 · paid last 24h −0.009%

Price spread now: Aster against BloFin+0.131%7-day average +0.013% · 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−$324as in the Price arb table

costs, in and out, $10k−$3363.358% of the position

Long on BloFin Short on Aster

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)−0.466%−$47 · spread now +0.131%, 7d avg +0.013%

Together, before fees−0.468%+ Points / potential airdropAster: Stage 5 · farm board−$47 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 Aster is 0.117% dearer against BloFin than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin PENDLE-USDT	2.5067	0.0046	pay 0.0046% / 8h	2h 13m	$1.3M	$738K	75x
Short	Aster PENDLEUSDT	2.5100	0.0100	get 0.0100% / 8h	2h 13m	$41K	$172K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against BloFin. 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 BloFinbpFee AsterbpOrdersPrice spread, now +0.131%Rate

Funding earned: $11.42
Price spread: +0.131% → +0.013%: $11.74
Slippage, 4 orders: −$315.8
Fee BloFin: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$312.63
Costs to cover: 3.358%
Break-even: 198.6 days

Slippage from BloFin: live order book, 4 min ago; Aster: live order book, 8 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 BloFin live order book, 4 min ago	0.60 bp	13.3 bp −$13	28.3 bp −$283	doesn't fit	doesn't fit
Sell Aster live order book, 8 min ago	11.09 bp	131.5 bp −$132	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	−0.4806%	1h	2.4840	−0.906%	$2K	$53K	5.5x	as long as short
Kraken Futures PF_PENDLEUSD	−0.0431%	1h	2.5097	+0.120%	$149K	$277K	20x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0228%	1h	2.5091	+0.096%	$30K	$10K	10x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5150	+0.331%	$11K	—	5x	as long as short
Orderly PERP_PENDLE_USDC	+0.0034%	8h	2.5086	+0.076%	$25K	$11K	10x	as long as short
Reya PENDLERUSDPERP	+0.0037%	1h	2.5077	+0.041%	$4K	—	15x	as long as short
Extended PENDLE-USD	+0.0040%	1h	2.5061	−0.023%	$165K	$524K	10x	as long as short
MEXC PENDLE_USDT	+0.0043%	8h	2.5075	+0.032%	$16.9M	$2.3M	125x	as long as short
Binance PENDLEUSDT	+0.0044%	8h	2.5044	−0.092%	$27.2M	$39.4M	75x	as long as short
BloFin PENDLE-USDTlong	+0.0046%	8h	2.5067	long leg	$1.3M	$738K	75x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni PENDLE	+0.0055%	8h	2.5174	+0.426%	$619K	$2.1M	—	as long as short
ApeX Omni PENDLEUSDT	+0.0077%	1h	2.5130	+0.251%	$77K	$239K	50x	as long as short
Aevo PENDLE-PERP	+0.0088%	1h	2.5084	+0.066%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5088	+0.084%	$544K	$397K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5089	+0.086%	$35K	$22K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.5075	+0.032%	$12.3M	$5.6M	5x	as long as short
Aster PENDLEUSDTshort	+0.0100%	8h	2.5100	+0.131%	$41K	$172K	10x
Bybit PENDLEUSDT	+0.0100%	8h	2.5055	−0.048%	$15.5M	$12.0M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5030	−0.148%	$3.2M	$5.7M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.5110	+0.172%	$850K	$1.1M	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5121	+0.215%	$894K	$606K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5010	−0.227%	$3.7M	$2.6M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5023	−0.176%	—	$36.3M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5135	+0.271%	$25K	$413K	10x	as long as short
GRVT PENDLE_USDT_Perp	+0.0100%	8h	2.5173	+0.425%	$425K	$1.6M	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5111	+0.176%	$16K	$19K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5097	+0.120%	$2K	$1.7M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0200% / S −0.0277%	1h	2.5089	+0.088%	$5K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0560%	1h	2.5210	+0.570%	$116K	$419K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0841%	1h	2.5083	+0.064%	$362K	$460K	15x	as long as short