Spread before costs (cost unknown: a leg has no order-book sample)−0.211%
7d average—if it closes, per $10,000$21funding while held, a day−$20.95
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack PENDLE_USDC_PERP | 2.5583 | 0.0714 | pay 0.0089% / 1h | 36m 18s | $378K | $455K | 15x |
| Short | Reya PENDLERUSDPERP | 2.5529 | 0.0016 | get 0.0002% / 1h | 36m 18s | $4K | — | 15x |
Backpack PENDLE_USDC_PERP
Reya PENDLERUSDPERPPrice 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
- −$21.09
- Funding while held
- −$20.95
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$58.04
- Spread needed to break even
- 0.160%
Slippage unknown: Backpack: live order book, 4 min ago; Reya: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0698%
- Per $10,000 a day
- −$20.95
- 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, 4 min ago | 2.36 bp | 10.1 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
Reya: 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.Injective2.5110cheapestApeX Omni2.5412+1.203%edgeX2.5418+1.227%Variational Omni2.5496+1.539%Bitget2.5505+1.573%Aster2.5510+1.592%Gate2.5510+1.593%Extended2.5513+1.605%Lighter2.5513+1.605%MEXC2.5515+1.613%Paradex2.5519+1.628%Bybit2.5520+1.633%dYdX2.5520+1.634%Binance2.5526+1.655%KuCoin2.5526+1.657%
Injective
ApeX Omni
Variational Omni
Bitget
Aster
Gate
Extended
Lighter
MEXC
Paradex
Bybit
dYdX
Binance
KuCoinReya2.5529+1.669%
BingX2.5533+1.685%Polymarket Perps2.5540+1.712%BloFin2.5543+1.724%GMX2.5547+1.739%Aevo2.5549+1.748%OKX2.5550+1.752%Deribit2.5554+1.768%Orderly2.5555+1.772%Hyperliquid2.5558+1.785%SunX2.5575+1.852%
BingX
Polymarket Perps
BloFin
GMX
Aevo
OKX
Deribit
Orderly
Hyperliquid
SunXBackpack2.5583+1.884%
Coinbase International2.5590+1.912%Kraken Futures2.5591+1.915%
Coinbase International
Kraken FuturesPENDLE on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PENDLE/USDC PERP | −1.849% | −0.4277% | 1h | $2K | $7K | 5.5x | as long as short |
| ApeX Omni PENDLEUSDT | −0.668% | +0.0100% | 1h | $78K | $238K | 50x | as long as short |
| edgeX PENDLEUSDC | −0.645% | +0.0100% | 4h | $25K | $416K | 10x | as long as short |
| Variational Omni PENDLE | −0.338% | −0.0235% | 8h | $663K | $2.2M | — | as long as short |
| Bitget PENDLEUSDT | −0.305% | +0.0100% | 8h | $3.8M | $2.6M | 75x | as long as short |
| Aster PENDLEUSDT | −0.286% | −0.0029% | 8h | $51K | $133K | 10x | as long as short |
| Gate PENDLE_USDT | −0.285% | +0.0092% | 8h | $819K | $1.1M | 75x | as long as short |
| Extended PENDLE-USD | −0.274% | +0.0056% | 1h | $168K | $520K | 10x | as long as short |
| Lighter PENDLE | −0.274% | +0.0096% | 1h | $558K | $356K | 5x | as long as short |
| MEXC PENDLE_USDT | −0.266% | +0.0057% | 8h | $16.9M | $2.2M | 125x | as long as short |