PENDLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0157%/8h= +17.2% APRnext payment +$1.57 per $10,000 · paid last 24h −0.009%

Price spread now: Aster against BloFin+0.067%7-day average +0.014% · 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−$81as in the Price arb table

costs, in and out, $10k−$860.860% 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)−0.233%−$23 · spread now +0.067%, 7d avg +0.014%

Together, before fees−0.235%+ Points / potential airdropAster: Stage 5 · farm board−$24 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Aster is 0.054% dearer against BloFin than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin PENDLE-USDT	2.5275	−0.0057	get 0.0057% / 8h	7h 58m	$1.3M	$712K	75x
Short	Aster PENDLEUSDT	2.5292	0.0100	get 0.0100% / 8h	7h 58m	$47K	$178K	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 +0.067%Rate

Funding earned: $33.04
Price spread: +0.067% → +0.014%: $5.37
Slippage, 4 orders: −$65.99
Fee BloFin: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$47.58
Costs to cover: 0.860%
Break-even: 17.1 days

Slippage from BloFin: live order book, 9 min ago; Aster: live order book, 13 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, 9 min ago	1.59 bp	14.3 bp −$14	27.2 bp −$272	doesn't fit	doesn't fit
Sell Aster live order book, 13 min ago	4.38 bp	16.9 bp −$17	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	−0.4643%	1h	2.4940	−1.325%	$2K	$54K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.2596%	1h	2.5224	−0.202%	$28K	$11K	10x	as long as short
Bybit PENDLEUSDT	−0.1206%	8h	2.5213	−0.245%	$15.6M	$12.0M	50x	as long as short
Gate PENDLE_USDT	−0.0574%	8h	2.5240	−0.138%	$780K	$1.2M	75x	as long as short
ApeX Omni PENDLEUSDT	−0.0085%	1h	2.5129	−0.578%	$77K	$239K	50x	as long as short
Extended PENDLE-USD	−0.0072%	1h	2.5197	−0.308%	$166K	$524K	10x	as long as short
MEXC PENDLE_USDT	−0.0072%	8h	2.5242	−0.131%	$17.1M	$1.8M	125x	as long as short
Binance PENDLEUSDT	−0.0070%	8h	2.5250	−0.100%	$27.3M	$42.4M	75x	as long as short
BloFin PENDLE-USDTlong	−0.0057%	8h	2.5275	long leg	$1.3M	$712K	75x
Orderly PERP_PENDLE_USDC	−0.0011%	8h	2.5292	+0.067%	$20K	$16K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX PENDLE-USD	0.0000%	1h	2.5256	−0.073%	$11K	—	5x	as long as short
GRVT PENDLE_USDT_Perp	+0.0015%	8h	2.5166	−0.431%	$426K	$1.6M	10x	as long as short
Variational Omni PENDLE	+0.0019%	8h	2.5102	−0.686%	$598K	$1.9M	—	as long as short
Reya PENDLERUSDPERP	+0.0047%	1h	2.5215	−0.236%	$4K	—	15x	as long as short
Aevo PENDLE-PERP	+0.0064%	1h	2.5279	+0.015%	$26K	—	3x	as long as short
Lighter PENDLE	+0.0096%	1h	2.5227	−0.190%	$532K	$407K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.0100%	8h	2.5237	−0.149%	$35K	$18K	10x	as long as short
Hyperliquid PENDLE	+0.0100%	1h	2.5347	+0.283%	$12.8M	$6.2M	5x	as long as short
Aster PENDLEUSDTshort	+0.0100%	8h	2.5292	+0.067%	$47K	$178K	10x
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.5200	−0.297%	$3.2M	$6.0M	50x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.5291	+0.063%	$888K	$600K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.5252	−0.091%	$3.8M	$2.5M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.5227	−0.190%	—	$35.7M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.5126	−0.589%	$25K	$383K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.5226	−0.194%	$16K	$20K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.5180	−0.376%	$2K	$1.8M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0199% / S −0.0256%	1h	2.5285	+0.041%	$5K	—	100x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0614%	1h	2.5343	+0.268%	$119K	$298K	20x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0728%	1h	2.5270	−0.020%	$141K	$448K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.1395%	1h	2.5347	+0.285%	$333K	$488K	15x	as long as short