After costs, if the gap returns to its 7d average, $10k−$66
spread now−0.250%7d average−0.168%fees + slippage, in and out−$58spread needed0.578%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack PENDLE_USDC_PERP | 2.5640 | 0.0641 | pay 0.0080% / 1h | 38m 56s | $377K | $461K | 15x |
| Short | Bitget PENDLEUSDT | 2.5576 | 0.0100 | get 0.0100% / 8h | 5h 38m | $3.9M | $2.7M | 75x |
Backpack PENDLE_USDC_PERP
Bitget 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
- −$24.96
- Funding while held
- −$16.23
- Slippage, 4 orders
- −$35.75
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$98.95
- Spread needed to break even
- 0.578%
Slippage from Backpack: live order book, 61 min ago; Bitget: live order book, 5 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0541%
- Per $10,000 a day
- −$16.23
- 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, 61 min ago | 2.36 bp | 10.1 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 2.54 bp | 16.5 bp −$16 | 43.6 bp −$436 | doesn't fit | doesn't fit |
PENDLE price on every exchange
against the cheapest. Click to use as the short leg.Injective2.5280cheapestBybit2.5540+1.028%OKX2.5550+1.068%Binance2.5553+1.081%BingX2.5561+1.112%BloFin2.5563+1.119%SunX2.5565+1.127%Paradex2.5565+1.129%Extended2.5567+1.135%
Injective
Bybit
OKX
Binance
BingX
BloFin
SunX
Paradex
ExtendedBitget2.5576+1.171%
Variational Omni2.5576+1.171%MEXC2.5577+1.175%Reya2.5577+1.175%Gate2.5580+1.187%Kraken Futures2.5588+1.218%Aevo2.5591+1.230%Lighter2.5592+1.234%Orderly2.5594+1.242%Deribit2.5599+1.262%Polymarket Perps2.5604+1.282%Aster2.5606+1.291%KuCoin2.5608+1.297%GMX2.5609+1.300%dYdX2.5620+1.345%Hyperliquid2.5628+1.377%
Variational Omni
MEXC
Reya
Gate
Kraken Futures
Aevo
Lighter
Orderly
Deribit
Polymarket Perps
Aster
KuCoin
GMX
dYdX
HyperliquidBackpack2.5640+1.424%
edgeX2.5648+1.455%ApeX Omni2.5658+1.495%Coinbase International2.5720+1.741%
ApeX Omni
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 | −1.404% | −0.4421% | 1h | $2K | $7K | 5.5x | as long as short |
| Bybit PENDLEUSDT | −0.390% | +0.0100% | 8h | $15.9M | $12.0M | 50x | as long as short |
| OKX PENDLE-USDT-SWAP | −0.351% | +0.0100% | 4h | $3.4M | $5.4M | 50x | as long as short |
| Binance PENDLEUSDT | −0.338% | +0.0069% | 8h | $28.0M | $36.1M | 75x | as long as short |
| BingX PENDLE-USDT | −0.308% | +0.0100% | 8h | — | $34.3M | — | as long as short |
| BloFin PENDLE-USDT | −0.300% | +0.0080% | 8h | $1.4M | $823K | 75x | as long as short |
| SunX PENDLE-USDT | −0.293% | +0.0100% | 8h | $2K | $1.6M | 20x | as long as short |
| Paradex PENDLE-USD-PERP | −0.291% | +0.0100% | 8h | $36K | $28K | 10x | as long as short |
| Extended PENDLE-USD | −0.285% | +0.0072% | 1h | $169K | $519K | 10x | as long as short |
| Bitget PENDLEUSDTshort | −0.250% | +0.0100% | 8h | $3.9M | $2.7M | 75x |