Spread before costs (cost unknown: a leg has no order-book sample)+0.106%
7d average—if it closes, per $10,000$11funding while held, a day−$3.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PENDLE-USDT | 2.5527 | 0.0100 | pay 0.0100% / 8h | 6h 36m | — | $34.2M | — |
| Short | Deribit PENDLE_USDC-PERPETUAL | 2.5554 | 0 | get 0.0000% / 1h | 36m 39s | $30K | $11K | 10x |
BingX PENDLE-USDT
Deribit PENDLE_USDC-PERPETUALPrice 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
- $10.58
- Funding while held
- −$3
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$9.42
- Spread needed to break even
- 0.170%
Slippage unknown: BingX: live order book, 9 min ago; Deribit: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0100%
- Per $10,000 a day
- −$3.00
- 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 BingX live order book, 9 min ago | 2.55 bp | 9.6 bp −$10 | 20.3 bp −$203 | 217.9 bp −$21.8K | 455.3 bp −$227.7K |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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.Injective2.5110cheapestApeX Omni2.5412+1.203%edgeX2.5418+1.227%Variational Omni2.5496+1.539%Aster2.5502+1.563%Bybit2.5505+1.573%Bitget2.5505+1.573%Binance2.5508+1.585%Gate2.5510+1.593%Extended2.5513+1.605%Lighter2.5513+1.605%MEXC2.5515+1.613%Paradex2.5519+1.628%dYdX2.5520+1.634%KuCoin2.5527+1.661%
Injective
ApeX Omni
Variational Omni
Aster
Bybit
Bitget
Binance
Gate
Extended
Lighter
MEXC
Paradex
dYdX
KuCoinBingX2.5527+1.661%
OKX2.5540+1.712%Reya2.5542+1.721%BloFin2.5543+1.724%Hyperliquid2.5548+1.744%Aevo2.5549+1.748%
OKX
Reya
BloFin
Hyperliquid
AevoDeribit2.5554+1.768%
Orderly2.5555+1.772%Polymarket Perps2.5556+1.776%GMX2.5557+1.779%SunX2.5575+1.852%Backpack2.5583+1.884%Coinbase International2.5590+1.912%Kraken Futures2.5591+1.915%
Orderly
Polymarket Perps
GMX
SunX
Backpack
Coinbase International
Kraken FuturesPENDLE on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PENDLE/USDC PERP | −1.634% | −0.4277% | 1h | $2K | $7K | 5.5x | as long as short |
| ApeX Omni PENDLEUSDT | −0.451% | +0.0100% | 1h | $78K | $238K | 50x | as long as short |
| edgeX PENDLEUSDC | −0.427% | +0.0100% | 4h | $25K | $416K | 10x | as long as short |
| Variational Omni PENDLE | −0.120% | −0.0235% | 8h | $663K | $2.2M | — | as long as short |
| Aster PENDLEUSDT | −0.096% | −0.0029% | 8h | $51K | $133K | 10x | as long as short |
| Bybit PENDLEUSDT | −0.086% | +0.0100% | 8h | $15.9M | $11.8M | 50x | as long as short |
| Bitget PENDLEUSDT | −0.086% | +0.0100% | 8h | $3.8M | $2.6M | 75x | as long as short |
| Binance PENDLEUSDT | −0.074% | +0.0058% | 8h | $28.0M | $34.9M | 75x | as long as short |
| Gate PENDLE_USDT | −0.067% | +0.0092% | 8h | $819K | $1.1M | 75x | as long as short |
| Extended PENDLE-USD | −0.055% | +0.0056% | 1h | $168K | $520K | 10x | as long as short |