Spread before costs (cost unknown: a leg has no order-book sample)+0.185%
7d average−0.110%if it closes, per $10,000$18funding while held, a day−$17.31
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack PENDLE_USDC_PERP | 2.5435 | 0.0677 | pay 0.0085% / 1h | 39m 19s | $376K | $456K | 15x |
| Short | SunX PENDLE-USDT | 2.5482 | 0.0100 | get 0.0100% / 8h | 6h 39m | $1K | $1.6M | 20x |
Backpack PENDLE_USDC_PERP
SunX 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
- $18.48
- Funding while held
- −$17.31
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee SunX: 5 bp × 2 orders
- −$10
- Net
- −$18.83
- Spread needed to break even
- 0.200%
Slippage unknown: Backpack: live order book, 1 min ago; SunX: live order book, 12 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0577%
- Per $10,000 a day
- −$17.31
- 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, 1 min ago | 2.36 bp | 10.1 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell SunX live order book, 12 min ago | 500.02 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
PENDLE price on every exchange
against the cheapest. Click to use as the short leg.Injective2.5110cheapestAster2.5395+1.135%Paradex2.5408+1.186%KuCoin2.5409+1.191%MEXC2.5414+1.211%Lighter2.5416+1.219%Aevo2.5418+1.228%Gate2.5420+1.235%Bitget2.5421+1.239%dYdX2.5421+1.240%BingX2.5423+1.247%Bybit2.5427+1.262%Polymarket Perps2.5427+1.262%Reya2.5428+1.268%Binance2.5430+1.274%
Injective
Aster
Paradex
KuCoin
MEXC
Lighter
Aevo
Gate
Bitget
dYdX
BingX
Bybit
Polymarket Perps
Reya
BinanceBackpack2.5435+1.294%
Orderly2.5437+1.302%Extended2.5438+1.308%BloFin2.5447+1.342%OKX2.5450+1.354%Coinbase International2.5450+1.354%GMX2.5450+1.355%Hyperliquid2.5453+1.366%Deribit2.5457+1.382%
Orderly
Extended
BloFin
OKX
Coinbase International
GMX
Hyperliquid
DeribitSunX2.5482+1.481%
edgeX2.5482+1.483%ApeX Omni2.5491+1.517%Variational Omni2.5496+1.539%Kraken Futures2.5504+1.571%
ApeX Omni
Variational Omni
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 | −1.278% | −0.4277% | 1h | $2K | $7K | 5.5x | as long as short |
| Aster PENDLEUSDT | −0.158% | −0.0032% | 8h | $51K | $133K | 10x | as long as short |
| Paradex PENDLE-USD-PERP | −0.107% | +0.0100% | 8h | $36K | $29K | 10x | as long as short |
| KuCoin PENDLEUSDTM | −0.102% | +0.0100% | 8h | $928K | $559K | 50x | as long as short |
| MEXC PENDLE_USDT | −0.083% | +0.0057% | 8h | $16.8M | $2.2M | 125x | as long as short |
| Lighter PENDLE | −0.075% | +0.0096% | 1h | $556K | $356K | 5x | as long as short |
| Aevo PENDLE-PERP | −0.066% | +0.0096% | 1h | $27K | — | 3x | as long as short |
| Gate PENDLE_USDT | −0.059% | +0.0061% | 8h | $817K | $1.1M | 75x | as long as short |
| Bitget PENDLEUSDT | −0.055% | +0.0100% | 8h | $3.8M | $2.6M | 75x | as long as short |
| dYdX PENDLE-USD | −0.054% | 0.0000% | 1h | $11K | — | 5x | as long as short |