After costs, if the gap returns to its 7d average, $10k−$34
spread now+0.214%7d average+0.108%fees + slippage, in and out−$44spread needed0.444%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PENDLEUSDT | 2.5565 | 0.0055 | pay 0.0055% / 8h | 6h 00m | $28.1M | $35.9M | 75x |
| Short | Backpack PENDLE_USDC_PERP | 2.5620 | 0.0706 | get 0.0088% / 1h | 1h 00m | $377K | $462K | 15x |
Binance PENDLEUSDT
Backpack PENDLE_USDC_PERPPrice 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
- $21.43
- Funding while held
- $19.51
- Slippage, 4 orders
- −$24.35
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$3.4
- Spread needed to break even
- 0.444%
Slippage from Binance: live order book, 13 min ago; Backpack: live order book, 40 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0650%
- Per $10,000 a day
- +$19.51
- 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 Binance live order book, 13 min ago | 0.39 bp | 10.9 bp −$11 | 27.6 bp −$276 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 40 min ago | 2.36 bp | 7.6 bp −$8 | 31.3 bp −$313 | doesn't fit | doesn't fit |
PENDLE price on every exchange
against the cheapest. Click to use as the short leg.Injective2.5200cheapestApeX Omni2.5415+0.853%edgeX2.5423+0.886%Variational Omni2.5497+1.180%Paradex2.5532+1.318%SunX2.5538+1.341%dYdX2.5543+1.359%Reya2.5543+1.362%Bybit2.5550+1.389%Gate2.5550+1.389%BloFin2.5551+1.393%KuCoin2.5554+1.405%Aster2.5555+1.410%Aevo2.5556+1.411%Polymarket Perps2.5557+1.417%BingX2.5560+1.429%Bitget2.5561+1.433%MEXC2.5564+1.444%GMX2.5564+1.445%
Injective
ApeX Omni
Variational Omni
Paradex
SunX
dYdX
Reya
Bybit
Gate
BloFin
KuCoin
Aster
Aevo
Polymarket Perps
BingX
Bitget
MEXC
GMXBinance2.5565+1.449%
Lighter2.5567+1.456%Orderly2.5567+1.456%Extended2.5568+1.458%Deribit2.5571+1.472%Kraken Futures2.5584+1.526%OKX2.5590+1.548%Coinbase International2.5590+1.548%Hyperliquid2.5602+1.595%
Lighter
Orderly
Extended
Deribit
Kraken Futures
OKX
Coinbase International
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 | −1.429% | −0.4277% | 1h | $2K | $7K | 5.5x | as long as short |
| ApeX Omni PENDLEUSDT | −0.588% | +0.0100% | 1h | $78K | $237K | 50x | as long as short |
| edgeX PENDLEUSDC | −0.555% | +0.0100% | 4h | $25K | $417K | 10x | as long as short |
| Variational Omni PENDLE | −0.265% | −0.0161% | 8h | $657K | $2.3M | — | as long as short |
| Paradex PENDLE-USD-PERP | −0.129% | +0.0100% | 8h | $36K | $29K | 10x | as long as short |
| SunX PENDLE-USDT | −0.106% | +0.0100% | 8h | $2K | $1.6M | 20x | as long as short |
| dYdX PENDLE-USD | −0.089% | 0.0000% | 1h | $11K | — | 5x | as long as short |
| Reya PENDLERUSDPERP | −0.086% | +0.0018% | 1h | $4K | — | 15x | as long as short |
| Bybit PENDLEUSDT | −0.059% | +0.0100% | 8h | $16.0M | $12.0M | 50x | as long as short |
| Gate PENDLE_USDT | −0.059% | +0.0100% | 8h | $823K | $1.1M | 75x | as long as short |