Spread before costs (cost unknown: a leg has no order-book sample)−0.242%
7d average−0.145%if it closes, per $10,000$24funding while held, a day−$17.84
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack PENDLE_USDC_PERP | 2.6186 | 0.0349 | pay 0.0044% / 1h | 27m 51s | $371K | $447K | 15x |
| Short | Variational Omni PENDLE | 2.6123 | −0.0246 | pay 0.0246% / 8h | 27m 51s | $860K | $2.1M | — |
Backpack PENDLE_USDC_PERP
Variational Omni PENDLEPrice 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
- −$24.24
- Funding while held
- −$17.84
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$52.09
- Spread needed to break even
- 0.100%
Slippage unknown: Backpack: live order book, 22 min ago; Variational Omni: RFQ quote, 3 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0595%
- Per $10,000 a day
- −$17.84
- 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, 22 min ago | 0.19 bp | 10.9 bp −$11 | 35.9 bp −$359 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 3 min ago | 4.64 bp | doesn't fit | 62.6 bp −$626 | doesn't fit | doesn't fit |
PENDLE price on every exchange
against the cheapest. Click to use as the short leg.Injective2.5880cheapest
InjectiveVariational Omni2.6123+0.937%
Bybit2.6126+0.951%Extended2.6126+0.951%OKX2.6130+0.966%Bitget2.6132+0.974%edgeX2.6139+1.000%Gate2.6140+1.005%Coinbase International2.6140+1.005%Aevo2.6142+1.011%BingX2.6145+1.024%Orderly2.6147+1.032%Binance2.6148+1.036%GMX2.6150+1.042%Lighter2.6152+1.051%Deribit2.6155+1.063%ApeX Omni2.6157+1.070%Polymarket Perps2.6158+1.074%Reya2.6161+1.087%Aster2.6165+1.101%KuCoin2.6165+1.101%MEXC2.6166+1.105%Hyperliquid2.6175+1.140%Paradex2.6176+1.144%
Bybit
Extended
OKX
Bitget
Gate
Coinbase International
Aevo
BingX
Orderly
Binance
GMX
Lighter
Deribit
ApeX Omni
Polymarket Perps
Reya
Aster
KuCoin
MEXC
Hyperliquid
ParadexBackpack2.6186+1.182%
BloFin2.6187+1.186%SunX2.6189+1.194%dYdX2.6191+1.203%Kraken Futures2.6236+1.375%
BloFin
SunX
dYdX
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 | −1.169% | −0.1178% | 1h | $2K | $6K | 5.5x | as long as short |
| Variational Omni PENDLEshort | −0.242% | −0.0246% | 8h | $860K | $2.1M | — | |
| Bybit PENDLEUSDT | −0.229% | −0.0211% | 8h | $16.2M | $11.3M | 50x | as long as short |
| Extended PENDLE-USD | −0.229% | +0.0104% | 1h | $173K | $520K | 10x | as long as short |
| OKX PENDLE-USDT-SWAP | −0.214% | +0.0100% | 4h | $3.2M | $4.8M | 50x | as long as short |
| Bitget PENDLEUSDT | −0.206% | +0.0100% | 8h | $3.9M | $2.6M | 75x | as long as short |
| edgeX PENDLEUSDC | −0.180% | +0.0100% | 4h | $26K | $417K | 10x | as long as short |
| Gate PENDLE_USDT | −0.176% | −0.0013% | 8h | $813K | $1.1M | 75x | as long as short |
| Coinbase International PENDLE-PERP-INTX | −0.176% | +0.0496% | 1h | $97K | $387K | 25x | as long as short |
| Aevo PENDLE-PERP | −0.169% | +0.0104% | 1h | $27K | — | 3x | as long as short |