Spread before costs (cost unknown: a leg has no order-book sample)−0.073%
7d average—if it closes, per $10,000$7funding while held, a day+$5.16
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget PENDLEUSDT | 2.6112 | 0.0100 | pay 0.0100% / 8h | 15m 35s | $3.9M | $2.6M | 75x |
| Short | GMX PENDLE/USD [PENDLE-USDC] | 2.6093 | L +0.0200% / S −0.0272% | get 0.0034% / 1h | 15m 35s | $5K | — | 100x |
Bitget PENDLEUSDT
GMX PENDLE/USD [PENDLE-USDC]Price 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
- −$7.27
- Funding while held
- $5.16
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$26.11
- Spread needed to break even
- 0.240%
Slippage unknown: Bitget: live order book, 4 min ago; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0172%
- Per $10,000 a day
- +$5.16
- 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, 4 min ago | 2.88 bp | 21.0 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: 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.Injective2.5790cheapestVariational Omni2.6033+0.941%BloFin2.6036+0.954%edgeX2.6046+0.991%Polymarket Perps2.6074+1.101%Reya2.6083+1.134%Orderly2.6088+1.155%Aevo2.6088+1.156%
Injective
Variational Omni
BloFin
Polymarket Perps
Reya
Orderly
AevoGMX2.6093+1.175%
Gate2.6100+1.202%Coinbase International2.6100+1.202%Aster2.6102+1.208%dYdX2.6105+1.222%KuCoin2.6109+1.237%
Gate
Coinbase International
Aster
dYdX
KuCoinBitget2.6112+1.249%
Deribit2.6113+1.252%Bybit2.6115+1.260%Extended2.6117+1.268%BingX2.6118+1.272%SunX2.6118+1.272%Lighter2.6129+1.314%OKX2.6130+1.318%Paradex2.6137+1.344%MEXC2.6137+1.345%Backpack2.6138+1.349%Hyperliquid2.6143+1.368%Binance2.6146+1.380%ApeX Omni2.6158+1.427%Kraken Futures2.6188+1.543%
Deribit
Bybit
Extended
BingX
SunX
Lighter
OKX
Paradex
MEXC
Backpack
Hyperliquid
Binance
ApeX Omni
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 | −1.233% | −0.1178% | 1h | $2K | $6K | 5.5x | as long as short |
| Variational Omni PENDLE | −0.303% | −0.0281% | 8h | $818K | $2.2M | — | as long as short |
| BloFin PENDLE-USDT | −0.291% | +0.0089% | 8h | $1.5M | $846K | 75x | as long as short |
| edgeX PENDLEUSDC | −0.255% | +0.0100% | 4h | $26K | $417K | 10x | as long as short |
| Polymarket Perps PENDLE-USD | −0.146% | −0.0032% | 1h | $17K | $54K | 5x | as long as short |
| Reya PENDLERUSDPERP | −0.113% | +0.0007% | 1h | $4K | — | 15x | as long as short |
| Orderly PERP_PENDLE_USDC | −0.092% | +0.0054% | 8h | $21K | $4K | 10x | as long as short |
| Aevo PENDLE-PERP | −0.092% | +0.0104% | 1h | $27K | — | 3x | as long as short |
| GMX PENDLE/USD [PENDLE-USDC]short | −0.073% | L +0.0200% / S −0.0272% | 1h | $5K | — | 100x | |
| Gate PENDLE_USDT | −0.046% | −0.0004% | 8h | $812K | $1.1M | 75x | as long as short |