Spread before costs (cost unknown: a leg has no order-book sample)+0.126%
7d average—if it closes, per $10,000$13funding while held, a day+$0.56
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster PENDLEUSDT | 2.5510 | −0.0019 | get 0.0019% / 8h | 5h 55m | $51K | $138K | 10x |
| Short | Deribit PENDLE_USDC-PERPETUAL | 2.5542 | 0 | get 0.0000% / 1h | 55m 40s | $30K | $11K | 10x |
Aster PENDLEUSDT
Deribit PENDLE_USDC-PERPETUALPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $12.59
- Funding while held
- $0.56
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$1.85
- Spread needed to break even
- 0.150%
Slippage unknown: Aster: live order book, 59 min ago; Deribit: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0019%
- Per $10,000 a day
- +$0.56
- Average in range /8h
- —
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 Aster live order book, 59 min ago | 2.74 bp | 71.7 bp −$72 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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 price on every exchange
against the cheapest. Click to use as the short leg.Injective2.5280cheapestVariational Omni2.5497+0.860%
Injective
Variational OmniAster2.5510+0.909%
Gate2.5510+0.910%ApeX Omni2.5515+0.930%SunX2.5523+0.961%Reya2.5524+0.967%Kraken Futures2.5530+0.989%Aevo2.5531+0.993%dYdX2.5532+0.996%Orderly2.5536+1.013%KuCoin2.5539+1.025%GMX2.5540+1.027%
Gate
ApeX Omni
SunX
Reya
Kraken Futures
Aevo
dYdX
Orderly
KuCoin
GMXDeribit2.5542+1.036%
Hyperliquid2.5545+1.048%Bitget2.5545+1.048%Polymarket Perps2.5545+1.048%Binance2.5546+1.053%Bybit2.5549+1.064%Lighter2.5553+1.080%BingX2.5561+1.112%BloFin2.5562+1.116%Paradex2.5563+1.121%MEXC2.5564+1.123%Extended2.5567+1.136%Backpack2.5571+1.151%edgeX2.5577+1.174%OKX2.5580+1.187%Coinbase International2.5590+1.226%
Hyperliquid
Bitget
Polymarket Perps
Binance
Bybit
Lighter
BingX
BloFin
Paradex
MEXC
Extended
Backpack
OKX
Coinbase InternationalPENDLE on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PENDLE/USDC PERP | −0.901% | −0.4421% | 1h | $2K | $7K | 5.5x | as long as short |
| Variational Omni PENDLE | −0.049% | −0.0161% | 8h | $657K | $2.3M | — | as long as short |
| Aster PENDLEUSDTlong | 0.000% | −0.0019% | 8h | $51K | $138K | 10x | |
| Gate PENDLE_USDT | 0.000% | +0.0100% | 8h | $822K | $1.0M | 75x | as long as short |
| ApeX Omni PENDLEUSDT | +0.020% | +0.0100% | 1h | $78K | $237K | 50x | as long as short |
| SunX PENDLE-USDT | +0.051% | +0.0100% | 8h | $1K | $1.6M | 20x | as long as short |
| Reya PENDLERUSDPERP | +0.057% | +0.0019% | 1h | $4K | — | 15x | as long as short |
| Kraken Futures PF_PENDLEUSD | +0.079% | +0.1430% | 1h | $156K | $283K | 20x | as long as short |
| Aevo PENDLE-PERP | +0.083% | +0.0096% | 1h | $27K | — | 3x | as long as short |
| dYdX PENDLE-USD | +0.086% | 0.0000% | 1h | $11K | — | 5x | as long as short |