After costs, if the gap returns to its 7d average, $10k−$48
spread now−0.234%7d average−0.142%fees + slippage, in and out−$39spread needed0.388%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack PENDLE_USDC_PERP | 2.5620 | 0.0706 | pay 0.0088% / 1h | 0m 15s | $377K | $462K | 15x |
| Short | BingX PENDLE-USDT | 2.5560 | 0.0100 | get 0.0100% / 8h | 6h 00m | — | $34.3M | — |
Backpack PENDLE_USDC_PERP
BingX PENDLE-USDTPrice 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
- −$23.42
- Funding while held
- −$18.17
- Slippage, 4 orders
- −$18.85
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$80.43
- Spread needed to break even
- 0.388%
Slippage from Backpack: live order book, 40 min ago; BingX: live order book, 15 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0606%
- Per $10,000 a day
- −$18.17
- 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, 40 min ago | 2.36 bp | 10.1 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 15 min ago | 2.16 bp | 11.2 bp −$11 | 33.3 bp −$333 | 111.8 bp −$11.2K | 406.7 bp −$203.4K |
PENDLE price on every exchange
against the cheapest. Click to use as the short leg.Injective2.5200cheapestApeX Omni2.5415+0.853%edgeX2.5423+0.886%Variational Omni2.5497+1.180%Paradex2.5532+1.318%SunX2.5538+1.341%Gate2.5540+1.349%dYdX2.5543+1.359%Reya2.5543+1.362%Bitget2.5547+1.377%Aster2.5547+1.378%Extended2.5549+1.386%Bybit2.5550+1.389%BloFin2.5551+1.393%KuCoin2.5554+1.405%Aevo2.5556+1.411%Polymarket Perps2.5557+1.417%
Injective
ApeX Omni
Variational Omni
Paradex
SunX
Gate
dYdX
Reya
Bitget
Aster
Extended
Bybit
BloFin
KuCoin
Aevo
Polymarket PerpsBingX2.5560+1.429%
Binance2.5561+1.433%MEXC2.5564+1.444%GMX2.5564+1.445%Lighter2.5567+1.456%Orderly2.5567+1.456%OKX2.5570+1.468%Deribit2.5571+1.472%Hyperliquid2.5576+1.492%Kraken Futures2.5584+1.526%Coinbase International2.5590+1.548%
Binance
MEXC
GMX
Lighter
Orderly
OKX
Deribit
Hyperliquid
Kraken Futures
Coinbase InternationalBackpack2.5620+1.667%
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 | −1.639% | −0.4277% | 1h | $2K | $7K | 5.5x | as long as short |
| ApeX Omni PENDLEUSDT | −0.800% | +0.0100% | 1h | $78K | $237K | 50x | as long as short |
| edgeX PENDLEUSDC | −0.768% | +0.0100% | 4h | $25K | $417K | 10x | as long as short |
| Variational Omni PENDLE | −0.478% | −0.0161% | 8h | $657K | $2.3M | — | as long as short |
| Paradex PENDLE-USD-PERP | −0.343% | +0.0100% | 8h | $36K | $29K | 10x | as long as short |
| SunX PENDLE-USDT | −0.320% | +0.0100% | 8h | $2K | $1.6M | 20x | as long as short |
| Gate PENDLE_USDT | −0.312% | +0.0100% | 8h | $823K | $1.1M | 75x | as long as short |
| dYdX PENDLE-USD | −0.302% | 0.0000% | 1h | $11K | — | 5x | as long as short |
| Reya PENDLERUSDPERP | −0.300% | +0.0018% | 1h | $4K | — | 15x | as long as short |
| Bitget PENDLEUSDT | −0.285% | +0.0100% | 8h | $3.9M | $2.7M | 75x | as long as short |