PENDLE arbitrage between HyperLiquid and Astar DEX: we compare the price of PENDLE on HyperLiquid (futures) and Astar DEX (futures) in real time — the executable spread (buy at the ask, sell at the bid), basis, volume and deposit/withdrawal status. You can see whether the gap holds or is a one-second blip you would never get into.

About Pendle

Pendle is a protocol that enables the tokenization and trading of future yield. With the creation of a novel AMM that supports assets with time decay, Pendle gives users more control over future yield by providing optionality and opportunities for its utilization.

Decentralized Exchange (DEX), Exchange-based Tokens, Decentralized Finance (DeFi), Yield Farming

Open interest in PENDLE right now — $39.3M: Binance $10.4M, BingX $10.4M, Bybit $7.7M, HyperLiquid $5.9M, Bitget $1.9M. See OI PENDLE.

News about PENDLE

Pendle Finance adds PT-USDai and PT-sUSDD on Morpho with up to 27% APY

About PENDLE arbitrage

How do I read the PENDLE spread?

The spread is how many percent higher PENDLE trades on one exchange than on the other. We measure it at tradeable prices (ask/bid) net of fees; “net” is closer to what you actually keep.

Is this arbitrage worth taking?

Look past the spread: check volume, order-book depth and the deposit/withdrawal status on HyperLiquid and Astar DEX. If deposits or withdrawals are shut, or the book is thin, the spread exists on paper but you cannot trade into it.

How do I get PENDLE alerts?

Build a rule in the the builder with the spread threshold you want — the notification arrives as a Telegram direct message within seconds.