After costs, if the gap returns to its 7d average, $10k−$86
spread now+0.004%7d average−0.124%fees + slippage, in and out−$98spread needed0.985%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack PENDLE_USDC_PERP | 2.6346 | 0.0222 | pay 0.0028% / 1h | 50m 27s | $373K | $446K | 15x |
| Short | KuCoin PENDLEUSDTM | 2.6347 | 0.0100 | get 0.0100% / 8h | 1h 50m | $1.1M | $458K | 50x |
Backpack PENDLE_USDC_PERP
KuCoin PENDLEUSDTMPrice 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
- $0.38
- Funding while held
- −$3.65
- Slippage, 4 orders
- −$76.47
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$101.74
- Spread needed to break even
- 0.985%
Slippage from Backpack: live order book, 5 min ago; KuCoin: live order book, 1 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0122%
- Per $10,000 a day
- −$3.65
- 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, 5 min ago | 2.06 bp | 11.3 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 1 min ago | 9.11 bp | 36.9 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
PENDLE price on every exchange
against the cheapest. Click to use as the short leg.Injective2.6160cheapestBloFin2.6275+0.440%Gate2.6330+0.650%Coinbase International2.6340+0.688%Bybit2.6341+0.692%
Injective
BloFin
Gate
Coinbase International
BybitBackpack2.6346+0.711%
KuCoin2.6347+0.715%
OKX2.6350+0.726%Aster2.6361+0.768%Bitget2.6361+0.768%BingX2.6364+0.780%Reya2.6366+0.786%Orderly2.6369+0.799%Extended2.6369+0.799%Lighter2.6370+0.803%Paradex2.6373+0.815%GMX2.6374+0.816%Aevo2.6375+0.822%Polymarket Perps2.6376+0.826%Deribit2.6378+0.833%SunX2.6379+0.837%Binance2.6379+0.838%MEXC2.6381+0.845%dYdX2.6388+0.872%Hyperliquid2.6405+0.937%ApeX Omni2.6407+0.944%edgeX2.6420+0.993%Kraken Futures2.6433+1.042%Variational Omni2.6433+1.045%
OKX
Aster
Bitget
BingX
Reya
Orderly
Extended
Lighter
Paradex
GMX
Aevo
Polymarket Perps
Deribit
SunX
Binance
MEXC
dYdX
Hyperliquid
ApeX Omni
Kraken Futures
Variational OmniPENDLE on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PENDLE/USDC PERP | −0.706% | −0.3627% | 1h | $4K | $51K | 5.5x | as long as short |
| BloFin PENDLE-USDT | −0.269% | +0.0091% | 8h | $1.5M | $831K | 75x | as long as short |
| Gate PENDLE_USDT | −0.061% | −0.0022% | 8h | $830K | $1.0M | 75x | as long as short |
| Coinbase International PENDLE-PERP-INTX | −0.023% | +0.0368% | 1h | $68K | $330K | 25x | as long as short |
| Bybit PENDLEUSDT | −0.019% | −0.0185% | 8h | $16.5M | $11.1M | 50x | as long as short |
| Backpack PENDLE_USDC_PERPlong | 0.000% | +0.0222% | 1h | $373K | $446K | 15x | |
| KuCoin PENDLEUSDTMshort | +0.004% | +0.0100% | 8h | $1.1M | $458K | 50x | |
| OKX PENDLE-USDT-SWAP | +0.015% | +0.0100% | 4h | $3.3M | $4.7M | 50x | as long as short |
| Aster PENDLEUSDT | +0.057% | +0.0089% | 8h | $50K | $115K | 10x | as long as short |
| Bitget PENDLEUSDT | +0.057% | +0.0100% | 8h | $4.0M | $2.5M | 75x | as long as short |