After costs, if the gap returns to its 7d average, $10k−$52
spread now−0.008%7d average−0.056%fees + slippage, in and out−$56spread needed0.564%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PENDLEUSDT | 2.5509 | 0.0063 | pay 0.0063% / 8h | 5h 55m | $28.0M | $35.9M | 75x |
| Short | Bybit PENDLEUSDT | 2.5507 | 0.0100 | get 0.0100% / 8h | 5h 55m | $15.9M | $12.0M | 50x |
Binance PENDLEUSDT
Bybit PENDLEUSDTPrice 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
- −$0.78
- Funding while held
- $1.12
- Slippage, 4 orders
- −$35.39
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$56.06
- Spread needed to break even
- 0.564%
Slippage from Binance: live order book, 2 min ago; Bybit: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0037%
- Per $10,000 a day
- +$1.12
- 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, 2 min ago | 0.20 bp | 12.0 bp −$12 | 25.4 bp −$254 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 1.96 bp | 16.5 bp −$16 | 51.9 bp −$519 | doesn't fit | doesn't fit |
PENDLE price on every exchange
against the cheapest. Click to use as the short leg.Injective2.5280cheapestBitget2.5483+0.803%Extended2.5486+0.815%Variational Omni2.5497+0.860%MEXC2.5506+0.894%
Injective
Bitget
Extended
Variational Omni
MEXCBybit2.5507+0.898%
Binance2.5509+0.906%
Gate2.5510+0.910%KuCoin2.5515+0.930%ApeX Omni2.5515+0.930%BingX2.5518+0.941%OKX2.5520+0.949%Lighter2.5521+0.953%SunX2.5523+0.961%Reya2.5524+0.967%Aster2.5529+0.986%Kraken Futures2.5530+0.989%Aevo2.5531+0.993%Paradex2.5535+1.008%Orderly2.5536+1.013%GMX2.5540+1.027%Deribit2.5542+1.036%Polymarket Perps2.5545+1.048%Hyperliquid2.5550+1.068%dYdX2.5555+1.088%BloFin2.5562+1.116%Backpack2.5571+1.151%edgeX2.5577+1.174%Coinbase International2.5590+1.226%
Gate
KuCoin
ApeX Omni
BingX
OKX
Lighter
SunX
Reya
Aster
Kraken Futures
Aevo
Paradex
Orderly
GMX
Deribit
Polymarket Perps
Hyperliquid
dYdX
BloFin
Backpack
Coinbase InternationalPENDLE on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PENDLE/USDC PERP | −0.898% | −0.4421% | 1h | $2K | $7K | 5.5x | as long as short |
| Bitget PENDLEUSDT | −0.102% | +0.0100% | 8h | $3.9M | $2.7M | 75x | as long as short |
| Extended PENDLE-USD | −0.090% | +0.0064% | 1h | $168K | $519K | 10x | as long as short |
| Variational Omni PENDLE | −0.045% | −0.0161% | 8h | $657K | $2.3M | — | as long as short |
| MEXC PENDLE_USDT | −0.012% | +0.0060% | 8h | $16.9M | $2.1M | 125x | as long as short |
| Bybit PENDLEUSDTshort | −0.008% | +0.0100% | 8h | $15.9M | $12.0M | 50x | |
| Binance PENDLEUSDTlong | 0.000% | +0.0063% | 8h | $28.0M | $35.9M | 75x | |
| Gate PENDLE_USDT | +0.004% | +0.0100% | 8h | $822K | $1.0M | 75x | as long as short |
| KuCoin PENDLEUSDTM | +0.024% | +0.0100% | 8h | $938K | $602K | 50x | as long as short |
| ApeX Omni PENDLEUSDT | +0.024% | +0.0100% | 1h | $78K | $237K | 50x | as long as short |