data as of
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Price arb /

PENDLE

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Spread before costs (cost unknown: a leg has no order-book sample)−0.299%
7d average+0.020%if it closes, per $10,000$30funding while held, a day−$7.82
Long on BitgetShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget PENDLEUSDT2.55740.0100pay 0.0100% / 8h5h 59m$3.9M$2.7M75x
ShortVariational Omni PENDLE2.5497−0.0161pay 0.0161% / 8h5h 59m$657K$2.3M—

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$29.94
Funding while held
−$7.82
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$49.77
Spread needed to break even
0.120%
Slippage unknown: Bitget: live order book, 4 min ago; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0261%
Per $10,000 a day
−$7.82
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 4 min ago3.35 bp19.1 bp −$1933.9 bp −$339doesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 1 min ago4.68 bpdoesn't fit47.8 bp −$478doesn't fitdoesn't fit

PENDLE price on every exchange

against the cheapest. Click to use as the short leg.
Injective2.5200cheapestApeX Omni2.5415+0.853%edgeX2.5423+0.886%
Variational Omni2.5497+1.180%
Paradex2.5532+1.318%SunX2.5538+1.341%dYdX2.5543+1.359%Reya2.5543+1.362%BloFin2.5551+1.393%Aevo2.5556+1.411%Polymarket Perps2.5557+1.417%KuCoin2.5559+1.425%Aster2.5559+1.427%Gate2.5560+1.429%Bybit2.5564+1.444%GMX2.5564+1.445%Lighter2.5567+1.456%Orderly2.5567+1.456%Extended2.5568+1.458%Deribit2.5571+1.472%
Bitget2.5574+1.484%
Binance2.5577+1.496%MEXC2.5578+1.500%BingX2.5582+1.516%Kraken Futures2.5584+1.526%OKX2.5590+1.548%Coinbase International2.5590+1.548%Hyperliquid2.5616+1.651%Backpack2.5620+1.667%

PENDLE on 29 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective PENDLE/USDC PERP−1.462%−0.4277%1h$2K$7K5.5xas long as short
ApeX Omni PENDLEUSDT−0.622%+0.0100%1h$78K$237K50xas long as short
edgeX PENDLEUSDC−0.589%+0.0100%4h$25K$417K10xas long as short
Variational Omni PENDLEshort−0.299%−0.0161%8h$657K$2.3M—
Paradex PENDLE-USD-PERP−0.164%+0.0100%8h$36K$29K10xas long as short
SunX PENDLE-USDT−0.141%+0.0100%8h$2K$1.6M20xas long as short
dYdX PENDLE-USD−0.123%0.0000%1h$11K—5xas long as short
Reya PENDLERUSDPERP−0.120%+0.0018%1h$4K—15xas long as short
BloFin PENDLE-USDT−0.090%+0.0022%8h$1.4M$816K75xas long as short
Aevo PENDLE-PERP−0.072%+0.0096%1h$27K—3xas long as short
Show all 29 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Polymarket Perps PENDLE-USD−0.066%+0.0100%1h$16K$30K5xas long as short
KuCoin PENDLEUSDTM−0.059%+0.0100%8h$939K$602K50xas long as short
Aster PENDLEUSDT−0.057%−0.0029%8h$51K$138K10xas long as short
Gate PENDLE_USDT−0.055%+0.0100%8h$823K$1.1M75xas long as short
Bybit PENDLEUSDT−0.039%+0.0100%8h$16.0M$12.0M50xas long as short
GMX PENDLE/USD [PENDLE-USDC]−0.039%L +0.0200% / S −0.0272%1h$5K—100xas long as short
Lighter PENDLE−0.027%+0.0096%1h$559K$364K5xas long as short
Orderly PERP_PENDLE_USDC−0.027%+0.0045%8h$20K$4K10xas long as short
Extended PENDLE-USD−0.025%+0.0056%1h$168K$519K10xas long as short
Deribit PENDLE_USDC-PERPETUAL−0.012%0.0000%1h$30K$11K10xas long as short
Bitget PENDLEUSDTlong0.000%+0.0100%8h$3.9M$2.7M75x
Binance PENDLEUSDT+0.012%+0.0055%8h$28.1M$35.9M75xas long as short
MEXC PENDLE_USDT+0.016%+0.0052%8h$17.0M$2.2M125xas long as short
BingX PENDLE-USDT+0.031%+0.0100%8h—$34.3M—as long as short
Kraken Futures PF_PENDLEUSD+0.041%+0.2122%1h$157K$283K20xas long as short
OKX PENDLE-USDT-SWAP+0.063%+0.0100%4h$3.3M$5.3M50xas long as short
Coinbase International PENDLE-PERP-INTX+0.063%+0.0592%1h$117K$464K25xas long as short
Hyperliquid PENDLE+0.164%+0.0100%1h$12.3M$5.4M5xas long as short
Backpack PENDLE_USDC_PERP+0.180%+0.0706%1h$377K$462K15xas long as short