After costs, if the gap returns to its 7d average, $10k−$48
spread now+0.008%7d average−0.036%fees + slippage, in and out−$53spread needed0.526%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PENDLEUSDT | 2.5558 | 0.0062 | pay 0.0062% / 8h | 6h 32m | $28.0M | $35.0M | 75x |
| Short | OKX PENDLE-USDT-SWAP | 2.5560 | 0.0100 | get 0.0050% / 4h | 2h 32m | $3.3M | $5.2M | 50x |
Binance PENDLEUSDT
OKX PENDLE-USDT-SWAPPrice 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
- $1.15
- Slippage, 4 orders
- −$32.64
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$50.7
- Spread needed to break even
- 0.526%
Slippage from Binance: live order book, 11 min ago; OKX: live order book, 2 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0038%
- Per $10,000 a day
- +$1.15
- 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, 11 min ago | 0.20 bp | 8.9 bp −$9 | 23.0 bp −$230 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 1.96 bp | 20.0 bp −$20 | 93.5 bp −$935 | doesn't fit | doesn't fit |
PENDLE price on every exchange
against the cheapest. Click to use as the short leg.Injective2.5110cheapestVariational Omni2.5497+1.541%edgeX2.5526+1.656%Aster2.5548+1.744%Reya2.5549+1.747%MEXC2.5549+1.748%BloFin2.5549+1.748%Paradex2.5554+1.769%Bitget2.5555+1.772%Polymarket Perps2.5556+1.776%Extended2.5558+1.783%
Injective
Variational Omni
Aster
Reya
MEXC
BloFin
Paradex
Bitget
Polymarket Perps
ExtendedBinance2.5558+1.784%
Bybit2.5560+1.792%
BybitOKX2.5560+1.792%
Gate2.5560+1.792%Lighter2.5561+1.796%KuCoin2.5564+1.808%BingX2.5565+1.812%Aevo2.5568+1.823%Orderly2.5569+1.828%dYdX2.5570+1.832%Deribit2.5572+1.840%GMX2.5575+1.851%Hyperliquid2.5584+1.888%SunX2.5592+1.920%ApeX Omni2.5597+1.939%Backpack2.5617+2.019%Kraken Futures2.5628+2.065%Coinbase International2.5670+2.230%
Gate
Lighter
KuCoin
BingX
Aevo
Orderly
dYdX
Deribit
GMX
Hyperliquid
SunX
ApeX Omni
Backpack
Kraken Futures
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 | −1.753% | −0.4277% | 1h | $2K | $7K | 5.5x | as long as short |
| Variational Omni PENDLE | −0.239% | −0.0225% | 8h | $659K | $2.2M | — | as long as short |
| edgeX PENDLEUSDC | −0.126% | +0.0100% | 4h | $25K | $416K | 10x | as long as short |
| Aster PENDLEUSDT | −0.039% | −0.0026% | 8h | $51K | $133K | 10x | as long as short |
| Reya PENDLERUSDPERP | −0.036% | +0.0016% | 1h | $4K | — | 15x | as long as short |
| MEXC PENDLE_USDT | −0.035% | +0.0061% | 8h | $16.9M | $2.2M | 125x | as long as short |
| BloFin PENDLE-USDT | −0.035% | +0.0037% | 8h | $1.4M | $851K | 75x | as long as short |
| Paradex PENDLE-USD-PERP | −0.014% | +0.0100% | 8h | $36K | $29K | 10x | as long as short |
| Bitget PENDLEUSDT | −0.012% | +0.0100% | 8h | $3.8M | $2.6M | 75x | as long as short |
| Polymarket Perps PENDLE-USD | −0.008% | +0.0100% | 1h | $16K | $30K | 5x | as long as short |