After costs, if the gap returns to its 7d average, $10k−$21
spread now+0.161%7d average−0.056%fees + slippage, in and out−$42spread needed0.422%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack PENDLE_USDC_PERP | 2.6116 | 0.0417 | pay 0.0052% / 1h | 17m 12s | $369K | $448K | 15x |
| Short | ApeX Omni PENDLEUSDT | 2.6158 | 0.0100 | get 0.0013% / 1h | 17m 12s | $79K | $236K | 50x |
Backpack PENDLE_USDC_PERP
ApeX Omni PENDLEUSDTPrice 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
- $16.08
- Funding while held
- −$9.51
- Slippage, 4 orders
- −$22.19
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$35.61
- Spread needed to break even
- 0.422%
Slippage from Backpack: live order book, 33 min ago; ApeX Omni: live order book, 31 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0317%
- Per $10,000 a day
- −$9.51
- 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 Backpack live order book, 33 min ago | 0.19 bp | 10.9 bp −$11 | 35.9 bp −$359 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 31 min ago | 4.90 bp | 12.5 bp −$13 | 99.3 bp −$993 | doesn't fit | doesn't fit |
PENDLE price on every exchange
against the cheapest. Click to use as the short leg.Injective2.5790cheapestExtended2.6020+0.893%Gate2.6030+0.931%Reya2.6030+0.931%BloFin2.6036+0.954%Bitget2.6039+0.965%Bybit2.6040+0.969%Orderly2.6044+0.985%Aevo2.6046+0.994%Deribit2.6048+1.000%GMX2.6049+1.004%OKX2.6050+1.008%KuCoin2.6054+1.024%BingX2.6055+1.028%Polymarket Perps2.6063+1.059%Aster2.6063+1.060%Paradex2.6065+1.066%Lighter2.6067+1.074%MEXC2.6072+1.093%Variational Omni2.6073+1.096%Binance2.6073+1.099%SunX2.6075+1.105%dYdX2.6083+1.138%Coinbase International2.6090+1.163%Kraken Futures2.6112+1.247%Hyperliquid2.6112+1.248%
Injective
Extended
Gate
Reya
BloFin
Bitget
Bybit
Orderly
Aevo
Deribit
GMX
OKX
KuCoin
BingX
Polymarket Perps
Aster
Paradex
Lighter
MEXC
Variational Omni
Binance
SunX
dYdX
Coinbase International
Kraken Futures
HyperliquidBackpack2.6116+1.264%
edgeX2.6141+1.362%ApeX Omni2.6158+1.427%
PENDLE on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PENDLE/USDC PERP | −1.248% | −0.1178% | 1h | $2K | $6K | 5.5x | as long as short |
| Extended PENDLE-USD | −0.367% | +0.0104% | 1h | $172K | $520K | 10x | as long as short |
| Gate PENDLE_USDT | −0.329% | −0.0008% | 8h | $808K | $1.1M | 75x | as long as short |
| Reya PENDLERUSDPERP | −0.329% | +0.0007% | 1h | $4K | — | 15x | as long as short |
| BloFin PENDLE-USDT | −0.306% | +0.0089% | 8h | $1.5M | $846K | 75x | as long as short |
| Bitget PENDLEUSDT | −0.295% | +0.0100% | 8h | $3.9M | $2.6M | 75x | as long as short |
| Bybit PENDLEUSDT | −0.291% | −0.0243% | 8h | $16.3M | $11.5M | 50x | as long as short |
| Orderly PERP_PENDLE_USDC | −0.276% | +0.0054% | 8h | $21K | $4K | 10x | as long as short |
| Aevo PENDLE-PERP | −0.267% | +0.0104% | 1h | $27K | — | 3x | as long as short |
| Deribit PENDLE_USDC-PERPETUAL | −0.260% | 0.0000% | 1h | $31K | $10K | 10x | as long as short |