After costs, if the gap returns to its 7d average, $10k−$87
spread now−0.254%7d average−0.149%fees + slippage, in and out−$77spread needed0.768%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack PENDLE_USDC_PERP | 2.5555 | 0.0714 | pay 0.0089% / 1h | 59m 51s | $376K | $459K | 15x |
| Short | Gate PENDLE_USDT | 2.5490 | 0.0100 | get 0.0100% / 8h | 4h 59m | $817K | $1.1M | 75x |
Backpack PENDLE_USDC_PERP
Gate 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
- −$25.44
- Funding while held
- −$18.43
- Slippage, 4 orders
- −$51.76
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$120.62
- Spread needed to break even
- 0.768%
Slippage from Backpack: live order book, 35 min ago; Gate: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0614%
- Per $10,000 a day
- −$18.43
- 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, 35 min ago | 0.78 bp | 11.2 bp −$11 | 31.6 bp −$316 | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 1.96 bp | 28.8 bp −$29 | 187.4 bp −$1,874 | doesn't fit | doesn't fit |
PENDLE price on every exchange
against the cheapest. Click to use as the short leg.Injective2.5080cheapestBloFin2.5485+1.615%Paradex2.5488+1.628%
Injective
BloFin
ParadexGate2.5490+1.635%
Variational Omni2.5496+1.657%Extended2.5497+1.661%BingX2.5498+1.667%Reya2.5500+1.675%Orderly2.5502+1.683%Aster2.5504+1.691%MEXC2.5505+1.695%Aevo2.5506+1.697%SunX2.5507+1.703%Lighter2.5508+1.707%Binance2.5509+1.711%ApeX Omni2.5509+1.711%GMX2.5510+1.714%Bybit2.5510+1.715%OKX2.5510+1.715%Bitget2.5510+1.715%Deribit2.5515+1.734%edgeX2.5516+1.737%KuCoin2.5516+1.738%dYdX2.5517+1.743%Polymarket Perps2.5524+1.770%Kraken Futures2.5528+1.786%Hyperliquid2.5536+1.818%Coinbase International2.5550+1.874%
Variational Omni
Extended
BingX
Reya
Orderly
Aster
MEXC
Aevo
SunX
Lighter
Binance
ApeX Omni
GMX
Bybit
OKX
Bitget
Deribit
KuCoin
dYdX
Polymarket Perps
Kraken Futures
Hyperliquid
Coinbase InternationalBackpack2.5555+1.894%
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 | −1.859% | −0.4421% | 1h | $2K | $7K | 5.5x | as long as short |
| BloFin PENDLE-USDT | −0.274% | +0.0067% | 8h | $1.4M | $820K | 75x | as long as short |
| Paradex PENDLE-USD-PERP | −0.261% | +0.0100% | 8h | $36K | $28K | 10x | as long as short |
| Gate PENDLE_USDTshort | −0.254% | +0.0100% | 8h | $817K | $1.1M | 75x | |
| Variational Omni PENDLE | −0.232% | −0.0065% | 8h | $659K | $2.2M | — | as long as short |
| Extended PENDLE-USD | −0.228% | +0.0064% | 1h | $168K | $519K | 10x | as long as short |
| BingX PENDLE-USDT | −0.223% | +0.0100% | 8h | — | $34.3M | — | as long as short |
| Reya PENDLERUSDPERP | −0.214% | +0.0023% | 1h | $4K | — | 15x | as long as short |
| Orderly PERP_PENDLE_USDC | −0.207% | +0.0039% | 8h | $20K | $4K | 10x | as long as short |
| Aster PENDLEUSDT | −0.199% | −0.0006% | 8h | $52K | $141K | 10x | as long as short |