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: Aster against Paradex+0.027%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropParadex: Active · Aster: 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: Aster is 0.027% dearer against Paradex than usual: you sell high and buy low, +$3 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	Paradex PENDLE-USD-PERP	2.4892	0.0100	pay 0.0100% / 8h	1h 30m	$35K	$20K	10x
Short	Aster PENDLEUSDT	2.4899	0.0100	get 0.0100% / 8h	1h 30m	$43K	$173K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Paradex. 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 ParadexbpFee AsterbpOrdersPrice spread, now +0.027%Rate

Funding earned: $0
Price spread: +0.027% → 0.000%: $2.66
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Aster: 4 bp × 2 orders: −$8
Net: −$9.34
Costs to cover: 0.120%
Break-even: 23981732.3 days

Slippage unknown: Paradex: no order-book sample; Aster: live order book, 51 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 Paradex no order-book sample	—	—	—	—	—
Sell Aster live order book, 51 min ago	11.09 bp	131.5 bp −$132	doesn't fit	doesn't fit	doesn't fit

Paradex: 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	−0.3656%	1h	2.4770	−0.491%	$2K	$53K	5.5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.0271%	1h	2.4924	+0.128%	$29K	$10K	10x	as long as short
ApeX Omni PENDLEUSDT	−0.0109%	1h	2.4948	+0.224%	$76K	$240K	50x	as long as short
dYdX PENDLE-USD	0.0000%	1h	2.4929	+0.147%	$10K	—	5x	as long as short
Extended PENDLE-USD	+0.0008%	1h	2.4887	−0.020%	$164K	$526K	10x	as long as short
Binance PENDLEUSDT	+0.0011%	8h	2.4898	+0.023%	$27.0M	$40.4M	75x	as long as short
MEXC PENDLE_USDT	+0.0011%	8h	2.4880	−0.049%	$16.8M	$2.1M	125x	as long as short
BloFin PENDLE-USDT	+0.0014%	8h	2.4895	+0.011%	$1.3M	$733K	75x	as long as short
Orderly PERP_PENDLE_USDC	+0.0023%	8h	2.4919	+0.108%	$20K	$16K	10x	as long as short
Reya PENDLERUSDPERP	+0.0040%	1h	2.4911	+0.076%	$4K	—	15x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni PENDLE	+0.0057%	8h	2.4947	+0.221%	$552K	$2.0M	—	as long as short
Aevo PENDLE-PERP	+0.0088%	1h	2.4922	+0.121%	$26K	—	3x	as long as short
GRVT PENDLE_USDT_Perp	+0.0092%	8h	2.4914	+0.087%	$419K	$1.6M	10x	as long as short
Lighter PENDLE	+0.0096%	1h	2.4884	−0.033%	$523K	$423K	5x	as long as short
Paradex PENDLE-USD-PERPlong	+0.0100%	8h	2.4892	long leg	$35K	$20K	10x
Hyperliquid PENDLE	+0.0100%	1h	2.4918	+0.104%	$12.3M	$5.9M	5x	as long as short
Aster PENDLEUSDTshort	+0.0100%	8h	2.4899	+0.027%	$43K	$173K	10x
Bybit PENDLEUSDT	+0.0100%	8h	2.4890	−0.009%	$15.3M	$11.9M	50x	as long as short
OKX PENDLE-USDT-SWAP	+0.0100%	4h	2.4910	+0.071%	$3.2M	$5.8M	50x	as long as short
Gate PENDLE_USDT	+0.0100%	8h	2.4870	−0.089%	$780K	$1.1M	75x	as long as short
KuCoin PENDLEUSDTM	+0.0100%	8h	2.4909	+0.067%	$891K	$613K	50x	as long as short
Bitget PENDLEUSDT	+0.0100%	8h	2.4877	−0.061%	$3.7M	$2.7M	75x	as long as short
BingX PENDLE-USDT	+0.0100%	8h	2.4901	+0.035%	—	$36.3M	—	as long as short
edgeX PENDLEUSDC	+0.0100%	4h	2.4935	+0.172%	$25K	$412K	10x	as long as short
Polymarket Perps PENDLE-USD	+0.0100%	1h	2.4933	+0.164%	$16K	$19K	5x	as long as short
SunX PENDLE-USDT	+0.0100%	8h	2.4945	+0.212%	$2K	$1.7M	20x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	L +0.0199% / S −0.0256%	1h	2.4934	+0.169%	$5K	—	100x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.0592%	1h	2.5010	+0.473%	$139K	$461K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.0674%	1h	2.4958	+0.264%	$354K	$471K	15x	as long as short
Kraken Futures PF_PENDLEUSD	+0.0754%	1h	2.4975	+0.333%	$134K	$290K	20x	as long as short