Settings8H · net · $10k
Funding arb · Price arb /

PENDLE

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.007%
Price spread now: Aevo against Aster−0.013%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster PENDLEUSDT2.4820−0.0056get 0.0056% / 8h5h 40m$47K$175K10x
ShortAevo PENDLE-PERP2.48170.0048get 0.0006% / 1h40m 15s$26K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo 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

Funding earned
$21.93
Price spread: −0.013% → 0.000%
−$1.26
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$3.34
Costs to cover
0.240%
Break-even
8.1 days
Slippage unknown: Aster: live order book, 21 min ago; Aevo: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 21 min ago5.59 bp108.3 bp −$108doesn't fitdoesn't fitdoesn't fit
Sell Aevo no order-book sample
Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

PENDLE on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective PENDLE/USDC PERP−0.4938%1h2.4490−1.330%$2K$54K5.5xas long as short
BloFin PENDLE-USDT−0.0121%8h2.4784−0.146%$1.3M$644K75xas long as short
Extended PENDLE-USD−0.0120%1h2.4799−0.087%$163K$568K10xas long as short
MEXC PENDLE_USDT−0.0117%8h2.4810−0.041%$17.1M$1.8M125xas long as short
Binance PENDLEUSDT−0.0116%8h2.4814−0.027%$26.7M$43.2M75xas long as short
Aster PENDLEUSDTlong−0.0056%8h2.4820long leg$47K$175K10x
Orderly PERP_PENDLE_USDC−0.0038%8h2.4821+0.003%$19K$15K10xas long as short
GRVT PENDLE_USDT_Perp−0.0034%8h2.4875+0.221%$417K$1.7M10xas long as short
Variational Omni PENDLE−0.0009%8h2.4780−0.161%$546K$1.8Mas long as short
Gate PENDLE_USDT−0.0006%8h2.4800−0.081%$721K$1.1M75xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX PENDLE-USD0.0000%1h2.4803−0.070%$10K5xas long as short
Deribit PENDLE_USDC-PERPETUAL0.0000%1h2.4820−0.001%$25K$14K10xas long as short
Aevo PENDLE-PERPshort+0.0048%1h2.4817−0.013%$26K3x
Reya PENDLERUSDPERP+0.0059%1h2.4813−0.031%$4K15xas long as short
ApeX Omni PENDLEUSDT+0.0073%1h2.4866+0.184%$76K$235K50xas long as short
Lighter PENDLE+0.0096%1h2.4814−0.025%$530K$418K5xas long as short
Paradex PENDLE-USD-PERP+0.0100%8h2.4808−0.048%$35K$15K10xas long as short
Hyperliquid PENDLE+0.0100%1h2.4850+0.120%$12.6M$6.0M5xas long as short
Bybit PENDLEUSDT+0.0100%8h2.4808−0.049%$14.9M$12.2M50xas long as short
OKX PENDLE-USDT-SWAP+0.0100%4h2.4800−0.081%$3.1M$6.1M50xas long as short
KuCoin PENDLEUSDTM+0.0100%8h2.4812−0.033%$848K$577K50xas long as short
Bitget PENDLEUSDT+0.0100%8h2.4822+0.007%$3.7M$2.4M75xas long as short
BingX PENDLE-USDT+0.0100%8h2.4810−0.041%$33.6Mas long as short
edgeX PENDLEUSDC+0.0100%4h2.4852+0.130%$25K$377K10xas long as short
Polymarket Perps PENDLE-USD+0.0100%1h2.4836+0.064%$16K$8K5xas long as short
SunX PENDLE-USDT+0.0100%8h2.4825+0.019%$2K$1.8M20xas long as short
GMX PENDLE/USD [PENDLE-USDC]L +0.0192% / S −0.0316%1h2.4817−0.011%$7K100xas long as short
Backpack PENDLE_USDC_PERP+0.0488%1h2.4858+0.152%$352K$483K15xas long as short
Coinbase International PENDLE-PERP-INTX+0.0552%1h2.4840+0.080%$149K$491K25xas long as short
Kraken Futures PF_PENDLEUSD+0.0754%1h2.4863+0.172%$116K$283K20xas long as short