Funding arb · Price arb /

PENDLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.006%

Price spread now: Polymarket Perps against Aster+0.071%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Polymarket Perps is 0.071% dearer against Aster than usual: you sell high and buy low, +$7 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster PENDLEUSDT	2.4759	0.0100	pay 0.0100% / 8h	2h 19m	$47K	$171K	10x
Short	Polymarket Perps PENDLE-USD	2.4777	0.0100	get 0.0013% / 1h	19m 06s	$16K	$7K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.071%Rate

Funding earned: $0
Price spread: +0.071% → 0.000%: $7.1
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$8.9
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 27 min ago; Polymarket Perps: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aster live order book, 27 min ago	7.97 bp	148.2 bp −$148	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps no order-book sample	—	—	—	—	—

Polymarket Perps: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective PENDLE/USDC PERP	−0.3926%	1h	2.4200	−2.259%	$2K	$54K	5.5x	as long as short
Orderly PERP_PENDLE_USDC	−0.0035%	8h	2.4761	+0.006%	$19K	$15K	10x	as long as short
Gate PENDLE_USDT	−0.0016%	8h	2.4770	+0.043%	$732K	$1.1M	75x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.4701	−0.238%	$10K	—	5x	as long as short
BloFin PENDLE-USDT	+0.0011%	8h	2.4787	+0.111%	$1.1M	$609K	75x	as long as short
MEXC PENDLE_USDT	+0.0030%	8h	2.4791	+0.128%	$17.6M	$2.0M	125x	as long as short
Extended PENDLE-USD	+0.0032%	1h	2.4756	−0.012%	$158K	$577K	10x	as long as short
Binance PENDLEUSDT	+0.0035%	8h	2.4788	+0.114%	$26.1M	$44.4M	75x	as long as short
Reya PENDLERUSDPERP	+0.0075%	1h	2.4757	−0.011%	$3K	—	15x	as long as short
Aevo PENDLE-PERP	+0.0088%	1h	2.4751	−0.036%	$26K	—	3x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter PENDLE	+0.0096%	1h	2.4770	+0.043%	$525K	$426K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.4689	−0.284%	$35K	$9K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.4830	+0.285%	$12.8M	$6.1M	5x	as long as short
Aster PENDLEUSDTlong	+0.0100%	8h	2.4759	long leg	$47K	$171K	10x
Bybit PENDLEUSDT	+0.0100%	8h	2.4760	+0.002%	$14.5M	$12.1M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4800	+0.164%	$3.2M	$6.6M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4772	+0.051%	$873K	$558K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4788	+0.115%	$3.7M	$2.3M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4774	+0.059%	—	$8.4M	—	as long as short
Variational Omni PENDLE	+0.0100%	8h	2.4491	−1.085%	$551K	$1.4M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4507	−1.018%	$24K	$373K	10x	as long as short
GRVT PENDLE_USDT_Perp	+0.0100%	8h	2.4500	−1.047%	$410K	$2.2M	10x	as long as short
ApeX Omni PENDLEUSDT	+0.0100%	1h	2.4490	−1.088%	$74K	$234K	50x	as long as short
Polymarket Perps PENDLE-USDshort	+0.0100%	1h	2.4777	+0.071%	$16K	$7K	5x
SunX PENDLE-USDT	+0.0100%	8h	2.4777	+0.071%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0196% / S −0.0222%	1h	2.4755	−0.017%	$5K	—	100x	as long as short
Deribit PENDLE_USDC-PERPETUAL	+0.0356%	1h	2.4772	+0.051%	$24K	$15K	10x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0592%	1h	2.4820	+0.245%	$158K	$530K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0805%	1h	2.4849	+0.362%	$360K	$402K	15x	as long as short
Kraken Futures PF_PENDLEUSD	+0.1175%	1h	2.4840	+0.327%	$116K	$262K	20x	as long as short