PENDLE

Alert

Spread before costs (cost unknown: a leg has no order-book sample)+0.145%

7d average−0.031%if it closes, per $10,000$14funding while held, a day+$0.00

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni PENDLEUSDT	2.5568	0.0100	pay 0.0013% / 1h	20m 45s	$78K	$237K	50x
Short	SunX PENDLE-USDT	2.5605	0.0100	get 0.0100% / 8h	6h 20m	$2K	$1.6M	20x

Price spread history

latest

Range statsloading…

share of time at each level, last 7D

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Position, each leg$Hold forhoursFee ApeX OmnibpFee SunXbpOrdersClose when spread is

Slippage unknown: ApeX Omni: live order book, 17 min ago; SunX: live order book, 11 min ago. Net counts fees only.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy ApeX Omni live order book, 17 min ago	4.31 bp	15.1 bp −$15	101.0 bp −$1,010	doesn't fit	doesn't fit
Sell SunX live order book, 11 min ago	499.81 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Injective PENDLE/USDC PERP	−1.087%	−0.4277%	1h	$2K	$7K	5.5x	as long as short
edgeX PENDLEUSDC	−0.002%	+0.0100%	4h	$25K	$415K	10x	as long as short
ApeX Omni PENDLEUSDTlong	0.000%	+0.0100%	1h	$78K	$237K	50x
Bitget PENDLEUSDT	+0.039%	+0.0100%	8h	$3.8M	$2.5M	75x	as long as short
Aster PENDLEUSDT	+0.051%	−0.0027%	8h	$52K	$133K	10x	as long as short
KuCoin PENDLEUSDTM	+0.070%	+0.0100%	8h	$949K	$566K	50x	as long as short
Extended PENDLE-USD	+0.080%	+0.0056%	1h	$168K	$518K	10x	as long as short
Gate PENDLE_USDT	+0.086%	+0.0079%	8h	$821K	$1.1M	75x	as long as short
Bybit PENDLEUSDT	+0.098%	+0.0100%	8h	$16.0M	$11.8M	50x	as long as short
Binance PENDLEUSDT	+0.110%	+0.0056%	8h	$28.0M	$35.2M	75x	as long as short

Show all 29 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
BingX PENDLE-USDT	+0.110%	+0.0100%	8h	—	$34.2M	—	as long as short
BloFin PENDLE-USDT	+0.113%	+0.0032%	8h	$1.4M	$815K	75x	as long as short
Lighter PENDLE	+0.117%	+0.0096%	1h	$560K	$356K	5x	as long as short
Paradex PENDLE-USD-PERP	+0.124%	+0.0100%	8h	$36K	$29K	10x	as long as short
OKX PENDLE-USDT-SWAP	+0.125%	+0.0100%	4h	$3.3M	$5.2M	50x	as long as short
Orderly PERP_PENDLE_USDC	+0.133%	+0.0047%	8h	$20K	$4K	10x	as long as short
Aevo PENDLE-PERP	+0.145%	+0.0096%	1h	$27K	—	3x	as long as short
SunX PENDLE-USDTshort	+0.145%	+0.0100%	8h	$2K	$1.6M	20x
MEXC PENDLE_USDT	+0.153%	+0.0055%	8h	$17.0M	$2.2M	125x	as long as short
Reya PENDLERUSDPERP	+0.154%	+0.0017%	1h	$4K	—	15x	as long as short
Polymarket Perps PENDLE-USD	+0.168%	+0.0100%	1h	$16K	$30K	5x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	+0.176%	L +0.0200% / S −0.0272%	1h	$5K	—	100x	as long as short
dYdX PENDLE-USD	+0.185%	0.0000%	1h	$11K	—	5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	+0.192%	0.0000%	1h	$30K	$11K	10x	as long as short
Backpack PENDLE_USDC_PERP	+0.239%	+0.0746%	1h	$377K	$460K	15x	as long as short
Hyperliquid PENDLE	+0.246%	+0.0100%	1h	$12.3M	$5.3M	5x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.282%	+0.0592%	1h	$116K	$438K	25x	as long as short
Variational Omni PENDLE	+0.307%	−0.0206%	8h	$662K	$2.2M	—	as long as short
Kraken Futures PF_PENDLEUSD	+0.379%	+0.2115%	1h	$156K	$269K	20x	as long as short