PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0077%/8h= +8.5% APRnext payment +$0.77 per $10,000 · paid last 24h +0.009%

Price spread now: Aster against BloFin+0.076%7-day average +0.008% · 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−$161as in the Price arb table

costs, in and out, $10k−$1681.682% 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)+0.014%+$1 on $10k

Price spread, last 4 days (all we have)−0.302%−$30 · spread now +0.076%, 7d avg +0.008%

Together, before fees−0.289%+ Points / potential airdropAster: Stage 5 · farm board−$29 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 0.068% dearer against BloFin than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin PENDLE-USDT	2.4837	−0.0121	get 0.0121% / 8h	5h 31m	$1.3M	$648K	75x
Short	Aster PENDLEUSDT	2.4856	−0.0043	pay 0.0043% / 8h	5h 31m	$47K	$177K	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 +0.076%Rate

Funding earned: $16.23
Price spread: +0.076% → +0.008%: $6.83
Slippage, 4 orders: −$148.18
Fee BloFin: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$145.11
Costs to cover: 1.682%
Break-even: 69.6 days

Slippage from BloFin: live order book, 1 min ago; Aster: live order book, 30 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, 1 min ago	1.21 bp	14.1 bp −$14	27.1 bp −$271	doesn't fit	doesn't fit
Sell Aster live order book, 30 min ago	5.59 bp	36.5 bp −$36	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	−0.4938%	1h	2.4490	−1.397%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0233%	1h	2.4854	+0.068%	$26K	$14K	10x	as long as short
BloFin PENDLE-USDTlong	−0.0121%	8h	2.4837	long leg	$1.3M	$648K	75x
Binance PENDLEUSDT	−0.0100%	8h	2.4854	+0.067%	$26.6M	$43.3M	75x	as long as short
MEXC PENDLE_USDT	−0.0099%	8h	2.4852	+0.060%	$17.2M	$1.8M	125x	as long as short
Extended PENDLE-USD	−0.0096%	1h	2.4843	+0.026%	$161K	$570K	10x	as long as short
Aster PENDLEUSDTshort	−0.0043%	8h	2.4856	+0.076%	$47K	$177K	10x
Orderly PERP_PENDLE_USDC	−0.0037%	8h	2.4850	+0.052%	$19K	$15K	10x	as long as short
Variational Omni PENDLE	−0.0001%	8h	2.4835	−0.008%	$547K	$1.8M	—	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.4857	+0.079%	$10K	—	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate PENDLE_USDT	+0.0004%	8h	2.4830	−0.028%	$720K	$1.1M	75x	as long as short
GRVT PENDLE_USDT_Perp	+0.0021%	8h	2.4874	+0.149%	$412K	$1.7M	10x	as long as short
Aevo PENDLE-PERP	+0.0056%	1h	2.4842	+0.020%	$26K	—	3x	as long as short
Reya PENDLERUSDPERP	+0.0059%	1h	2.4853	+0.065%	$4K	—	15x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4860	+0.093%	$531K	$418K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4839	+0.009%	$35K	$15K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.4896	+0.238%	$12.7M	$6.0M	5x	as long as short
Bybit PENDLEUSDT	+0.0100%	8h	2.4842	+0.020%	$14.9M	$12.2M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4870	+0.133%	$3.1M	$6.2M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4851	+0.056%	$849K	$575K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4852	+0.060%	$3.7M	$2.4M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4850	+0.052%	—	$33.6M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4865	+0.114%	$25K	$379K	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	2.4842	+0.020%	$76K	$235K	50x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4869	+0.129%	$16K	$8K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4868	+0.125%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0158% / S −0.0257%	1h	2.4853	+0.065%	$7K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0552%	1h	2.4940	+0.415%	$148K	$491K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0635%	1h	2.4903	+0.266%	$352K	$483K	15x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0753%	1h	2.4910	+0.293%	$116K	$280K	20x	as long as short