Funding arb · Price arb /

PENDLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.013%

Price spread now: SunX against Aster+0.037%7-day average −0.002% · you sell dearer than you buy

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

Long on Aster Short on SunX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.046%+$5 on $10k

Price spread, last 3 days (all we have)+0.029%+$3 · spread now +0.037%, 7d avg −0.002%

Together, before fees+0.075%+ Points / potential airdropAster: Stage 5 · farm board+$7 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.038% dearer against Aster than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster PENDLEUSDT	2.5334	0.0100	pay 0.0100% / 8h	2h 25m	$41K	$177K	10x
Short	SunX PENDLE-USDT	2.5343	0.0100	get 0.0100% / 8h	2h 25m	$1K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.037%Rate

Funding earned: $0
Price spread: +0.037% → −0.002%: $3.84
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$12.16
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 61 min ago; SunX: live order book, 10 min ago. 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, 61 min ago	8.44 bp	107.7 bp −$108	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 10 min ago	500.15 bp	doesn't fit	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	2.4990	−1.357%	$2K	$7K	5.5x	as long as short
Kraken Futures PF_PENDLEUSD	−0.0426%	1h	2.5394	+0.236%	$151K	$279K	20x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.5330	−0.016%	$11K	—	5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	0.0000%	1h	2.5349	+0.060%	$30K	$10K	10x	as long as short
Orderly PERP_PENDLE_USDC	+0.0035%	8h	2.5349	+0.060%	$25K	$11K	10x	as long as short
Reya PENDLERUSDPERP	+0.0036%	1h	2.5336	+0.010%	$4K	—	15x	as long as short
Variational Omni PENDLE	+0.0043%	8h	2.5289	−0.176%	$611K	$2.3M	—	as long as short
BloFin PENDLE-USDT	+0.0044%	8h	2.5327	−0.027%	$1.3M	$750K	75x	as long as short
MEXC PENDLE_USDT	+0.0054%	8h	2.5331	−0.011%	$17.0M	$2.2M	125x	as long as short
Extended PENDLE-USD	+0.0056%	1h	2.5320	−0.055%	$166K	$524K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PENDLEUSDT	+0.0057%	8h	2.5334	+0.001%	$27.6M	$39.3M	75x	as long as short
ApeX Omni PENDLEUSDT	+0.0084%	1h	2.5265	−0.271%	$77K	$240K	50x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5338	+0.017%	$548K	$386K	5x	as long as short
Aevo PENDLE-PERP	+0.0096%	1h	2.5337	+0.013%	$26K	—	3x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5317	−0.067%	$35K	$22K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.5359	+0.100%	$12.4M	$5.6M	5x	as long as short
Aster PENDLEUSDTlong	+0.0100%	8h	2.5334	long leg	$41K	$177K	10x
Bybit PENDLEUSDT	+0.0100%	8h	2.5326	−0.030%	$15.7M	$12.2M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5360	+0.104%	$3.3M	$5.7M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.5320	−0.054%	$851K	$1.1M	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5337	+0.013%	$917K	$609K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5316	−0.070%	$3.8M	$2.6M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5342	+0.033%	—	$36.3M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5266	−0.268%	$25K	$410K	10x	as long as short
GRVT PENDLE_USDT_Perp	+0.0100%	8h	2.5275	−0.231%	$426K	$1.6M	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5350	+0.064%	$16K	$19K	5x	as long as short
SunX PENDLE-USDTshort	+0.0100%	8h	2.5343	+0.037%	$1K	$1.7M	20x
GMX PENDLE/USD [PENDLE-USDC]	L +0.0200% / S −0.0277%	1h	2.5348	+0.055%	$5K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0560%	1h	2.5360	+0.104%	$117K	$434K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0836%	1h	2.5396	+0.246%	$368K	$465K	15x	as long as short