Spread before costs (cost unknown: a leg has no order-book sample)+0.167%
7d average—if it closes, per $10,000$17funding while held, a day−$3.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget PENDLEUSDT | 2.5843 | 0.0100 | pay 0.0100% / 8h | 7h 28m | $3.9M | $2.6M | 75x |
| Short | dYdX PENDLE-USD | 2.5886 | 0 | get 0.0000% / 1h | 28m 31s | $11K | — | 5x |
Bitget PENDLEUSDT
dYdX PENDLE-USDPrice 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
- $16.65
- Funding while held
- −$3
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$8.35
- Spread needed to break even
- 0.220%
Slippage unknown: Bitget: live order book, 1 min ago; dYdX: 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 Bitget live order book, 1 min ago | 3.29 bp | 11.4 bp −$11 | 28.4 bp −$284 | doesn't fit | doesn't fit |
| Sell dYdX no order-book sample | — | — | — | — | — |
dYdX: 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.Injective2.5600cheapestVariational Omni2.5831+0.904%Bybit2.5840+0.937%
Injective
Variational Omni
BybitBitget2.5843+0.949%
Paradex2.5847+0.963%Extended2.5847+0.967%MEXC2.5849+0.973%Gate2.5850+0.977%BingX2.5854+0.992%Polymarket Perps2.5857+1.004%OKX2.5860+1.016%Lighter2.5865+1.035%Binance2.5866+1.039%BloFin2.5866+1.039%ApeX Omni2.5867+1.043%Orderly2.5869+1.051%Reya2.5870+1.055%SunX2.5871+1.059%edgeX2.5872+1.061%Aevo2.5873+1.065%KuCoin2.5873+1.066%Aster2.5876+1.079%Deribit2.5881+1.098%
Paradex
Extended
MEXC
Gate
BingX
Polymarket Perps
OKX
Lighter
Binance
BloFin
ApeX Omni
Orderly
Reya
SunX
Aevo
KuCoin
Aster
DeribitdYdX2.5886+1.117%
GMX2.5887+1.121%Hyperliquid2.5900+1.172%Backpack2.5902+1.180%Coinbase International2.5910+1.211%Kraken Futures2.5933+1.299%
GMX
Hyperliquid
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 | −0.940% | −0.1875% | 1h | $2K | $6K | 5.5x | as long as short |
| Variational Omni PENDLE | −0.045% | −0.0270% | 8h | $670K | $2.3M | — | as long as short |
| Bybit PENDLEUSDT | −0.012% | −0.0111% | 8h | $16.1M | $11.9M | 50x | as long as short |
| Bitget PENDLEUSDTlong | 0.000% | +0.0100% | 8h | $3.9M | $2.6M | 75x | |
| Paradex PENDLE-USD-PERP | +0.014% | +0.0100% | 8h | $36K | $30K | 10x | as long as short |
| Extended PENDLE-USD | +0.017% | +0.0104% | 1h | $171K | $520K | 10x | as long as short |
| MEXC PENDLE_USDT | +0.023% | +0.0100% | 8h | $16.9M | $2.1M | 125x | as long as short |
| Gate PENDLE_USDT | +0.027% | +0.0100% | 8h | $817K | $1.1M | 75x | as long as short |
| BingX PENDLE-USDT | +0.043% | +0.0100% | 8h | — | $34.3M | — | as long as short |
| Polymarket Perps PENDLE-USD | +0.054% | +0.0100% | 1h | $16K | $44K | 5x | as long as short |