Spread before costs (cost unknown: a leg has no order-book sample)−0.147%
7d average—if it closes, per $10,000$15funding while held, a day−$13.00
| 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 | 59m 23s | $377K | $462K | 15x |
| Short | GMX PENDLE/USD [PENDLE-USDC] | 2.5582 | L +0.0200% / S −0.0272% | get 0.0034% / 1h | 59m 23s | $5K | — | 100x |
Backpack PENDLE_USDC_PERP
GMX PENDLE/USD [PENDLE-USDC]Price 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
- −$14.75
- Funding while held
- −$13
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$49.75
- Spread needed to break even
- 0.220%
Slippage unknown: Backpack: live order book, 41 min ago; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0433%
- Per $10,000 a day
- −$13.00
- 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, 41 min ago | 2.36 bp | 10.1 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: 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.Injective2.5200cheapestedgeX2.5423+0.886%Variational Omni2.5497+1.180%ApeX Omni2.5515+1.250%SunX2.5538+1.341%BloFin2.5551+1.393%Aevo2.5556+1.411%Bitget2.5565+1.448%Orderly2.5567+1.456%Bybit2.5570+1.468%Gate2.5570+1.468%KuCoin2.5571+1.472%Deribit2.5571+1.472%dYdX2.5572+1.477%Reya2.5572+1.477%Aster2.5572+1.477%Extended2.5574+1.485%BingX2.5577+1.496%Binance2.5578+1.500%Paradex2.5579+1.503%MEXC2.5581+1.512%
Injective
Variational Omni
ApeX Omni
SunX
BloFin
Aevo
Bitget
Orderly
Bybit
Gate
KuCoin
Deribit
dYdX
Reya
Aster
Extended
BingX
Binance
Paradex
MEXCGMX2.5582+1.517%
Kraken Futures2.5584+1.526%Lighter2.5587+1.536%OKX2.5590+1.548%Coinbase International2.5590+1.548%Polymarket Perps2.5595+1.567%Hyperliquid2.5608+1.619%
Kraken Futures
Lighter
OKX
Coinbase International
Polymarket Perps
HyperliquidBackpack2.5620+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 |
| 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 |
| ApeX Omni PENDLEUSDT | −0.410% | +0.0100% | 1h | $78K | $237K | 50x | as long as short |
| SunX PENDLE-USDT | −0.320% | +0.0100% | 8h | $2K | $1.6M | 20x | as long as short |
| BloFin PENDLE-USDT | −0.269% | +0.0022% | 8h | $1.4M | $816K | 75x | as long as short |
| Aevo PENDLE-PERP | −0.251% | +0.0096% | 1h | $27K | — | 3x | as long as short |
| Bitget PENDLEUSDT | −0.215% | +0.0100% | 8h | $3.9M | $2.7M | 75x | as long as short |
| Orderly PERP_PENDLE_USDC | −0.207% | +0.0045% | 8h | $20K | $4K | 10x | as long as short |
| Bybit PENDLEUSDT | −0.195% | +0.0100% | 8h | $16.0M | $12.0M | 50x | as long as short |