Entry cost

Cost to open and close $10k of PENDLE, by exchange.

AssetTypeSize19 of 29 venues priced · CSV

Exchange	Half-spread	Buy	Sell	Taker fee	Round trip	In $	Measured up to	Max lev	Median 24h	Median 7d	p10–p90 7d
MEXC PENDLE_USDT · live order book, 4 min agocheapest	0.56 bp	6.3 bp	5.0 bp	2.00 bp	11.3 bp	−$11	$2.8M	125x	9.9 bp	9.9 bp	6.4–19.6 bp
Lighter PENDLE · live order book, 55 min ago	0.92 bp	8.9 bp	3.4 bp	0.00 bp	12.4 bp	−$12	$191K	5x	11.9 bp	11.7 bp	9.7–16.8 bp
edgeX PENDLEUSDC · live order book, 59 min ago	2.20 bp	7.1 bp	6.9 bp	4.50 bp	14.0 bp	−$14	$95K	10x	4.3 bp	4.1 bp	3.1–5.8 bp
Backpack PENDLE_USDC_PERP · live order book, 59 min ago	1.83 bp	9.9 bp	7.9 bp	5.00 bp	17.9 bp	−$18	$102K	15x	6.7 bp	7.5 bp	4.1–10.5 bp
BingX PENDLE-USDT · live order book, 14 min ago	2.25 bp	11.2 bp	9.5 bp	5.00 bp	20.7 bp	−$21	$14.5M	—	17.6 bp	16.5 bp	11.4–19.5 bp
Polymarket Perps PENDLE-USD · live order book, 88 min ago	0.18 bp	9.7 bp	12.2 bp	4.00 bp	21.9 bp	−$22	$29K	5x	15.0 bp	13.1 bp	10.7–16.2 bp
Binance PENDLEUSDT · live order book, 12 min ago	0.93 bp	13.2 bp	11.4 bp	5.00 bp	24.5 bp	−$25	$724K	75x	16.2 bp	15.7 bp	12.5–19.7 bp
BloFin PENDLE-USDT · live order book, 3 min ago	0.19 bp	13.5 bp	11.4 bp	6.00 bp	25.0 bp	−$25	$339K	75x	14.6 bp	14.2 bp	8.4–20.8 bp
Extended PENDLE-USD · live order book, 58 min ago	0.92 bp	13.3 bp	13.2 bp	2.50 bp	26.6 bp	−$27	$431K	10x	21.3 bp	21.6 bp	20.3–23.5 bp
ApeX Omni PENDLEUSDT · live order book, 56 min ago	5.86 bp	13.5 bp	13.5 bp	5.00 bp	27.0 bp	−$27	$155K	50x	16.3 bp	16.5 bp	14.0–19.4 bp
Hyperliquid PENDLE · live order book, 3 min ago	1.30 bp	16.3 bp	13.8 bp	4.50 bp	30.1 bp	−$30	$15K	5x	17.0 bp	16.9 bp	10.9–23.0 bp
Bitget PENDLEUSDT · live order book, 3 min ago	4.66 bp	17.2 bp	15.6 bp	6.00 bp	32.8 bp	−$33	$258K	75x	31.6 bp	28.9 bp	20.7–39.7 bp
Bybit PENDLEUSDT · live order book, 3 min ago	1.87 bp	14.9 bp	19.2 bp	5.50 bp	34.1 bp	−$34	$772K	50x	25.1 bp	25.4 bp	18.6–32.7 bp
Coinbase International PENDLE-PERP-INTX · live order book, 58 min ago	5.50 bp	10.5 bp	27.9 bp	5.00 bp	38.4 bp	−$38	$30K	25x	40.6 bp	36.7 bp	23.4–2227.3 bp
OKX PENDLE-USDT-SWAP · live order book, 3 min ago	1.86 bp	20.7 bp	20.1 bp	5.00 bp	40.9 bp	−$41	$177K	50x	33.6 bp	32.2 bp	24.5–39.5 bp
Gate PENDLE_USDT · live order book, 2 min ago	1.86 bp	28.7 bp	21.1 bp	7.50 bp	49.7 bp	−$50	$240K	75x	40.1 bp	74.7 bp	44.6–128.4 bp
KuCoin PENDLEUSDTM · live order book, 9 min ago	8.96 bp	35.1 bp	42.2 bp	6.00 bp	77.3 bp	−$77	$10K	50x	80.5 bp	100.7 bp	71.9–145.5 bp
Kraken Futures PF_PENDLEUSD · live order book, 57 min ago	5.51 bp	79.6 bp	40.4 bp	5.00 bp	120.0 bp	−$120	$37K	20x	109.9 bp	104.7 bp	74.5–145.8 bp
Aster PENDLEUSDT · live order book, 8 min ago	12.67 bp	217.1 bp	177.6 bp	4.00 bp	394.6 bp	−$395	$12K	10x	267.9 bp	304.4 bp	219.0–412.4 bp
Variational Omni PENDLE	4.59 bp	the book does not hold this size
Paradex PENDLE-USD-PERP	—	below $100k OI and volume: not sampled
Deribit PENDLE_USDC-PERPETUAL	—	below $100k OI and volume: not sampled
Aevo PENDLE-PERP	—	below $100k OI and volume: not sampled
Orderly PERP_PENDLE_USDC	—	below $100k OI and volume: not sampled
dYdX PENDLE-USD	—	below $100k OI and volume: not sampled
GMX PENDLE/USD [PENDLE-USDC]	—	oracle execution: slippage not modeled, see the exchange's docs
Injective PENDLE/USDC PERP	—	below $100k OI and volume: not sampled
Reya PENDLERUSDPERP	—	no public order book; price impact follows the exchange's formula
SunX PENDLE-USDT	500.19 bp	the book does not hold this size (about $1k a side)

Slippage is the average fill price of a market order walking the book against the mid; the half-spread is part of it. Fees are each exchange's base taker tier. Exchanges that fill at an oracle price (GMX, Avantis, Jupiter) charge price impact by formula and are not modeled. RFQ exchanges (Variational) quote only $1k, $100k and $1M.