PENDLE

Alert

After costs, if the gap returns to its 7d average, $10k−$88

spread now−0.124%7d average−0.041%fees + slippage, in and out−$80spread needed0.802%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PENDLEUSDT	2.6613	0.0100	pay 0.0100% / 8h	1h 06m	$29.7M	$31.8M	75x
Short	Gate PENDLE_USDT	2.6580	−0.0030	pay 0.0030% / 8h	1h 06m	$830K	$1.0M	75x

Price spread history

latest

Range statsloading…

share of time at each level, last 7D

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Position, each leg$Hold forhoursFee BinancebpFee GatebpOrdersClose when spread is

Slippage from Binance: live order book, 6 min ago; Gate: live order book, 1 min ago.

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, 6 min ago	0.38 bp	12.5 bp −$12	29.1 bp −$291	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	3.76 bp	22.8 bp −$23	123.6 bp −$1,236	doesn't fit	doesn't fit

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Variational Omni PENDLE	−0.709%	−0.0227%	8h	$880K	$2.1M	—	as long as short
ApeX Omni PENDLEUSDT	−0.631%	+0.0002%	1h	$80K	$234K	50x	as long as short
Injective PENDLE/USDC PERP	−0.425%	−0.3627%	1h	$3K	$52K	5.5x	as long as short
edgeX PENDLEUSDC	−0.405%	+0.0100%	4h	$26K	$415K	10x	as long as short
Paradex PENDLE-USD-PERP	−0.158%	+0.0100%	8h	$37K	$31K	10x	as long as short
BloFin PENDLE-USDT	−0.150%	+0.0125%	8h	$1.5M	$837K	75x	as long as short
Bybit PENDLEUSDT	−0.147%	−0.0197%	8h	$16.6M	$11.3M	50x	as long as short
Gate PENDLE_USDTshort	−0.124%	−0.0030%	8h	$830K	$1.0M	75x
Polymarket Perps PENDLE-USD	−0.109%	+0.0013%	1h	$18K	$70K	5x	as long as short
Orderly PERP_PENDLE_USDC	−0.101%	+0.0050%	8h	$22K	$4K	10x	as long as short

Show all 29 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
dYdX PENDLE-USD	−0.101%	0.0000%	1h	$11K	—	5x	as long as short
Reya PENDLERUSDPERP	−0.090%	+0.0003%	1h	$4K	—	15x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	−0.071%	L +0.0200% / S −0.0269%	1h	$6K	—	100x	as long as short
Aevo PENDLE-PERP	−0.070%	+0.0104%	1h	$28K	—	3x	as long as short
BingX PENDLE-USDT	−0.064%	+0.0100%	8h	—	$34.1M	—	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.056%	0.0000%	1h	$31K	$10K	10x	as long as short
OKX PENDLE-USDT-SWAP	−0.049%	+0.0100%	4h	$3.3M	$4.8M	50x	as long as short
Bitget PENDLEUSDT	−0.049%	+0.0100%	8h	$4.0M	$2.6M	75x	as long as short
Extended PENDLE-USD	−0.044%	+0.0104%	1h	$175K	$520K	10x	as long as short
MEXC PENDLE_USDT	−0.034%	+0.0100%	8h	$17.2M	$2.1M	125x	as long as short
Aster PENDLEUSDT	−0.031%	+0.0071%	8h	$51K	$121K	10x	as long as short
Lighter PENDLE	−0.015%	+0.0096%	1h	$587K	$337K	5x	as long as short
KuCoin PENDLEUSDTM	−0.015%	+0.0100%	8h	$1.1M	$465K	50x	as long as short
SunX PENDLE-USDT	−0.004%	+0.0100%	8h	$1K	$1.4M	20x	as long as short
Binance PENDLEUSDTlong	0.000%	+0.0100%	8h	$29.7M	$31.8M	75x
Backpack PENDLE_USDC_PERP	+0.094%	+0.0344%	1h	$377K	$445K	15x	as long as short
Hyperliquid PENDLE	+0.094%	+0.0100%	1h	$12.6M	$5.0M	5x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.139%	+0.0368%	1h	$87K	$366K	25x	as long as short
Kraken Futures PF_PENDLEUSD	+0.196%	+0.1446%	1h	$171K	$215K	20x	as long as short