After costs, if the gap returns to its 7d average, $10k−$54
spread now+0.439%7d average+0.098%fees + slippage, in and out−$88spread needed0.882%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget PENDLEUSDT | 2.5518 | 0.0100 | pay 0.0100% / 8h | 5h 58m | $3.9M | $2.7M | 75x |
| Short | Coinbase International PENDLE-PERP-INTX | 2.5630 | 0.0624 | get 0.0078% / 1h | 58m 32s | $117K | $464K | 25x |
Bitget PENDLEUSDT
Coinbase International PENDLE-PERP-INTXPrice 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
- $43.89
- Funding while held
- $15.72
- Slippage, 4 orders
- −$66.24
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$28.63
- Spread needed to break even
- 0.882%
Slippage from Bitget: live order book, 1 min ago; Coinbase International: live order book, 41 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0524%
- Per $10,000 a day
- +$15.72
- 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 Bitget live order book, 1 min ago | 3.13 bp | 20.3 bp −$20 | 33.1 bp −$331 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 41 min ago | 7.85 bp | 28.9 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
PENDLE price on every exchange
against the cheapest. Click to use as the short leg.Injective2.5280cheapestedgeX2.5423+0.567%Variational Omni2.5497+0.860%Extended2.5511+0.912%Bybit2.5514+0.926%ApeX Omni2.5515+0.930%
Injective
Variational Omni
Extended
Bybit
ApeX OmniBitget2.5518+0.941%
Binance2.5522+0.957%Paradex2.5526+0.972%MEXC2.5529+0.985%OKX2.5530+0.989%KuCoin2.5533+1.001%Reya2.5534+1.005%Lighter2.5537+1.017%Gate2.5550+1.068%Polymarket Perps2.5550+1.068%Aster2.5550+1.069%BingX2.5554+1.084%Hyperliquid2.5569+1.143%dYdX2.5572+1.154%GMX2.5582+1.195%SunX2.5584+1.203%Aevo2.5586+1.209%BloFin2.5587+1.214%Kraken Futures2.5588+1.217%Orderly2.5588+1.218%Deribit2.5593+1.238%Backpack2.5628+1.377%
Binance
Paradex
MEXC
OKX
KuCoin
Reya
Lighter
Gate
Polymarket Perps
Aster
BingX
Hyperliquid
dYdX
GMX
SunX
Aevo
BloFin
Kraken Futures
Orderly
Deribit
BackpackCoinbase International2.5630+1.384%
PENDLE on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PENDLE/USDC PERP | −0.933% | −0.4421% | 1h | $2K | $7K | 5.5x | as long as short |
| edgeX PENDLEUSDC | −0.371% | +0.0100% | 4h | $25K | $417K | 10x | as long as short |
| Variational Omni PENDLE | −0.081% | −0.0161% | 8h | $657K | $2.3M | — | as long as short |
| Extended PENDLE-USD | −0.029% | +0.0056% | 1h | $168K | $519K | 10x | as long as short |
| Bybit PENDLEUSDT | −0.016% | +0.0100% | 8h | $15.9M | $12.0M | 50x | as long as short |
| ApeX Omni PENDLEUSDT | −0.012% | +0.0100% | 1h | $78K | $237K | 50x | as long as short |
| Bitget PENDLEUSDTlong | 0.000% | +0.0100% | 8h | $3.9M | $2.7M | 75x | |
| Binance PENDLEUSDT | +0.016% | +0.0058% | 8h | $28.0M | $35.9M | 75x | as long as short |
| Paradex PENDLE-USD-PERP | +0.031% | +0.0100% | 8h | $36K | $29K | 10x | as long as short |
| MEXC PENDLE_USDT | +0.043% | +0.0057% | 8h | $17.0M | $2.1M | 125x | as long as short |