Spread before costs (cost unknown: a leg has no order-book sample)+0.018%
7d average—if it closes, per $10,000$2funding while held, a day−$2.30
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget PENDLEUSDT | 2.5502 | 0.0100 | pay 0.0100% / 8h | 4h 56m | $3.8M | $2.6M | 75x |
| Short | Reya PENDLERUSDPERP | 2.5507 | 0.0023 | get 0.0003% / 1h | 56m 52s | $4K | — | 15x |
Bitget PENDLEUSDT
Reya PENDLERUSDPERPPrice 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
- $1.82
- Funding while held
- −$2.3
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$18.47
- Spread needed to break even
- 0.180%
Slippage unknown: Bitget: live order book, 2 min ago; Reya: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0077%
- Per $10,000 a day
- −$2.30
- 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 | 2.74 bp | 19.3 bp −$19 | 38.5 bp −$385 | doesn't fit | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
Reya: 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.Injective2.5250cheapestBinance2.5468+0.865%Bybit2.5469+0.867%Extended2.5469+0.869%MEXC2.5474+0.887%BloFin2.5479+0.907%OKX2.5480+0.911%Aster2.5482+0.919%Aevo2.5483+0.921%Lighter2.5490+0.950%Gate2.5490+0.950%Orderly2.5494+0.966%Variational Omni2.5496+0.973%Deribit2.5496+0.974%BingX2.5497+0.978%Paradex2.5501+0.993%
Injective
Binance
Bybit
Extended
MEXC
BloFin
OKX
Aster
Aevo
Lighter
Gate
Orderly
Variational Omni
Deribit
BingX
ParadexBitget2.5502+0.998%
Kraken Futures2.5503+1.001%
Kraken FuturesReya2.5507+1.016%
KuCoin2.5507+1.018%edgeX2.5509+1.028%Hyperliquid2.5510+1.030%ApeX Omni2.5510+1.030%SunX2.5512+1.038%GMX2.5515+1.048%dYdX2.5517+1.058%Coinbase International2.5530+1.109%Polymarket Perps2.5531+1.113%Backpack2.5538+1.141%
KuCoin
Hyperliquid
ApeX Omni
SunX
GMX
dYdX
Coinbase International
Polymarket Perps
BackpackPENDLE on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PENDLE/USDC PERP | −0.988% | −0.4300% | 1h | $2K | $7K | 5.5x | as long as short |
| Binance PENDLEUSDT | −0.132% | +0.0063% | 8h | $27.9M | $36.4M | 75x | as long as short |
| Bybit PENDLEUSDT | −0.129% | +0.0100% | 8h | $15.8M | $11.9M | 50x | as long as short |
| Extended PENDLE-USD | −0.127% | +0.0064% | 1h | $168K | $519K | 10x | as long as short |
| MEXC PENDLE_USDT | −0.110% | +0.0062% | 8h | $17.0M | $2.1M | 125x | as long as short |
| BloFin PENDLE-USDT | −0.090% | +0.0055% | 8h | $1.4M | $820K | 75x | as long as short |
| OKX PENDLE-USDT-SWAP | −0.086% | +0.0100% | 4h | $3.3M | $5.3M | 50x | as long as short |
| Aster PENDLEUSDT | −0.078% | −0.0005% | 8h | $52K | $141K | 10x | as long as short |
| Aevo PENDLE-PERP | −0.076% | +0.0096% | 1h | $27K | — | 3x | as long as short |
| Lighter PENDLE | −0.047% | +0.0096% | 1h | $557K | $358K | 5x | as long as short |