After costs, if the gap returns to its 7d average, $10k−$163
spread now+0.328%7d average+0.186%fees + slippage, in and out−$177spread needed1.771%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget PENDLEUSDT | 2.6481 | 0.0100 | pay 0.0100% / 8h | 57m 42s | $4.0M | $2.6M | 75x |
| Short | Kraken Futures PF_PENDLEUSD | 2.6568 | 0.1844 | get 0.0231% / 1h | 57m 42s | $171K | $216K | 20x |
Bitget PENDLEUSDT
Kraken Futures PF_PENDLEUSDPrice 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
- $32.81
- Funding while held
- $52.33
- Slippage, 4 orders
- −$155.14
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$91.99
- Spread needed to break even
- 1.771%
Slippage from Bitget: live order book, 2 min ago; Kraken Futures: live order book, 56 min ago.
Cost of waiting
funding view- Funding /8h
- +0.1744%
- Per $10,000 a day
- +$52.33
- 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, 2 min ago | 3.78 bp | 15.0 bp −$15 | 29.1 bp −$291 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 56 min ago | 13.23 bp | 59.3 bp −$59 | doesn't fit | doesn't fit | doesn't fit |
PENDLE price on every exchange
against the cheapest. Click to use as the short leg.Injective2.6280cheapestBybit2.6440+0.609%OKX2.6450+0.647%Variational Omni2.6456+0.669%Gate2.6460+0.685%BingX2.6466+0.708%BloFin2.6466+0.708%Binance2.6473+0.736%Extended2.6477+0.749%Aster2.6478+0.752%edgeX2.6479+0.757%MEXC2.6479+0.757%
Injective
Bybit
OKX
Variational Omni
Gate
BingX
BloFin
Binance
Extended
Aster
MEXCBitget2.6481+0.765%
Polymarket Perps2.6483+0.772%Lighter2.6485+0.780%Reya2.6492+0.807%Orderly2.6493+0.811%Deribit2.6496+0.822%GMX2.6498+0.829%dYdX2.6498+0.829%Aevo2.6501+0.840%Paradex2.6504+0.854%KuCoin2.6507+0.864%Hyperliquid2.6513+0.887%Backpack2.6538+0.982%Coinbase International2.6540+0.989%SunX2.6548+1.020%
Polymarket Perps
Lighter
Reya
Orderly
Deribit
GMX
dYdX
Aevo
Paradex
KuCoin
Hyperliquid
Backpack
Coinbase International
SunXKraken Futures2.6568+1.095%
ApeX Omni2.6584+1.157%
ApeX OmniPENDLE on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PENDLE/USDC PERP | −0.759% | −0.1178% | 1h | $3K | $6K | 5.5x | as long as short |
| Bybit PENDLEUSDT | −0.155% | −0.0197% | 8h | $16.5M | $11.3M | 50x | as long as short |
| OKX PENDLE-USDT-SWAP | −0.117% | +0.0100% | 4h | $3.3M | $4.8M | 50x | as long as short |
| Variational Omni PENDLE | −0.095% | −0.0228% | 8h | $885K | $2.1M | — | as long as short |
| Gate PENDLE_USDT | −0.079% | −0.0022% | 8h | $826K | $1.0M | 75x | as long as short |
| BingX PENDLE-USDT | −0.057% | +0.0100% | 8h | — | $34.1M | — | as long as short |
| BloFin PENDLE-USDT | −0.057% | +0.0092% | 8h | $1.5M | $852K | 75x | as long as short |
| Binance PENDLEUSDT | −0.028% | +0.0100% | 8h | $29.5M | $31.8M | 75x | as long as short |
| Extended PENDLE-USD | −0.016% | +0.0104% | 1h | $175K | $520K | 10x | as long as short |
| Aster PENDLEUSDT | −0.013% | +0.0062% | 8h | $51K | $122K | 10x | as long as short |