Spread before costs (cost unknown: a leg has no order-book sample)−0.057%
7d average—if it closes, per $10,000$6funding while held, a day+$1.13
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PENDLEUSDT | 2.5523 | 0.0062 | pay 0.0062% / 8h | 5h 29m | $28.0M | $36.0M | 75x |
| Short | Paradex PENDLE-USD-PERP | 2.5508 | 0.0100 | get 0.0100% / 8h | 5h 29m | $36K | $28K | 10x |
Binance PENDLEUSDT
Paradex PENDLE-USD-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
- −$5.72
- Funding while held
- $1.13
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$18.58
- Spread needed to break even
- 0.140%
Slippage unknown: Binance: live order book, 14 min ago; Paradex: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0038%
- Per $10,000 a day
- +$1.13
- 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, 14 min ago | 0.19 bp | 11.9 bp −$12 | 29.1 bp −$291 | doesn't fit | doesn't fit |
| Sell Paradex no order-book sample | — | — | — | — | — |
Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
PENDLE price on every exchange
against the cheapest. Click to use as the short leg.Injective2.5280cheapestVariational Omni2.5496+0.855%ApeX Omni2.5497+0.858%edgeX2.5503+0.882%Extended2.5507+0.897%
Injective
Variational Omni
ApeX Omni
ExtendedParadex2.5508+0.904%
BloFin2.5511+0.914%Bitget2.5514+0.926%BingX2.5514+0.926%Bybit2.5515+0.930%SunX2.5516+0.934%
BloFin
Bitget
BingX
Bybit
SunXBinance2.5523+0.961%
Reya2.5523+0.962%Aevo2.5524+0.967%MEXC2.5527+0.977%Orderly2.5528+0.981%Aster2.5529+0.984%Lighter2.5529+0.985%OKX2.5530+0.989%Gate2.5530+0.989%Kraken Futures2.5530+0.989%Deribit2.5531+0.993%GMX2.5534+1.004%dYdX2.5534+1.006%KuCoin2.5535+1.009%Polymarket Perps2.5549+1.064%Hyperliquid2.5564+1.123%Coinbase International2.5580+1.187%Backpack2.5582+1.195%
Reya
Aevo
MEXC
Orderly
Aster
Lighter
OKX
Gate
Kraken Futures
Deribit
GMX
dYdX
KuCoin
Polymarket Perps
Hyperliquid
Coinbase International
BackpackPENDLE on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PENDLE/USDC PERP | −0.952% | −0.4421% | 1h | $2K | $7K | 5.5x | as long as short |
| Variational Omni PENDLE | −0.105% | −0.0113% | 8h | $657K | $2.2M | — | as long as short |
| ApeX Omni PENDLEUSDT | −0.102% | +0.0100% | 1h | $78K | $238K | 50x | as long as short |
| edgeX PENDLEUSDC | −0.079% | +0.0100% | 4h | $25K | $417K | 10x | as long as short |
| Extended PENDLE-USD | −0.064% | +0.0064% | 1h | $168K | $519K | 10x | as long as short |
| Paradex PENDLE-USD-PERPshort | −0.057% | +0.0100% | 8h | $36K | $28K | 10x | |
| BloFin PENDLE-USDT | −0.047% | +0.0076% | 8h | $1.4M | $822K | 75x | as long as short |
| Bitget PENDLEUSDT | −0.035% | +0.0100% | 8h | $3.9M | $2.6M | 75x | as long as short |
| BingX PENDLE-USDT | −0.035% | +0.0100% | 8h | — | $34.3M | — | as long as short |
| Bybit PENDLEUSDT | −0.031% | +0.0100% | 8h | $15.9M | $11.9M | 50x | as long as short |