After costs, if the gap returns to its 7d average, $10k−$36
spread now+0.245%7d average+0.115%fees + slippage, in and out−$49spread needed0.493%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin PENDLE-USDT | 2.6573 | 0.0125 | pay 0.0125% / 8h | 1h 06m | $1.5M | $837K | 75x |
| Short | Backpack PENDLE_USDC_PERP | 2.6638 | 0.0344 | get 0.0043% / 1h | 6m 50s | $377K | $445K | 15x |
BloFin PENDLE-USDT
Backpack PENDLE_USDC_PERPPrice 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
- $24.46
- Funding while held
- $6.57
- Slippage, 4 orders
- −$27.34
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$18.31
- Spread needed to break even
- 0.493%
Slippage from BloFin: live order book, 2 min ago; Backpack: live order book, 48 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0219%
- Per $10,000 a day
- +$6.57
- 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 BloFin live order book, 2 min ago | 1.51 bp | 13.1 bp −$13 | 22.3 bp −$223 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 48 min ago | 2.06 bp | 7.3 bp −$7 | 357.9 bp −$3,579 | doesn't fit | doesn't fit |
PENDLE price on every exchange
against the cheapest. Click to use as the short leg.Variational Omni2.6424cheapestApeX Omni2.6445+0.078%Injective2.6500+0.286%edgeX2.6505+0.306%Paradex2.6571+0.555%Bybit2.6573+0.563%
Variational Omni
ApeX Omni
Injective
Paradex
BybitBloFin2.6573+0.563%
Gate2.6580+0.589%Polymarket Perps2.6584+0.604%Orderly2.6586+0.612%Reya2.6589+0.624%GMX2.6594+0.642%Aevo2.6594+0.644%BingX2.6596+0.650%Deribit2.6598+0.657%OKX2.6600+0.665%Extended2.6601+0.670%MEXC2.6604+0.680%Bitget2.6604+0.680%KuCoin2.6609+0.699%dYdX2.6610+0.703%Binance2.6612+0.710%SunX2.6612+0.710%Lighter2.6615+0.722%Aster2.6618+0.733%
Gate
Polymarket Perps
Orderly
Reya
GMX
Aevo
BingX
Deribit
OKX
Extended
MEXC
Bitget
KuCoin
dYdX
Binance
SunX
Lighter
AsterBackpack2.6638+0.809%
Hyperliquid2.6650+0.854%Coinbase International2.6650+0.854%Kraken Futures2.6665+0.911%
Hyperliquid
Coinbase International
Kraken FuturesPENDLE on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni PENDLE | −0.560% | −0.0227% | 8h | $880K | $2.1M | — | as long as short |
| ApeX Omni PENDLEUSDT | −0.482% | +0.0002% | 1h | $80K | $234K | 50x | as long as short |
| Injective PENDLE/USDC PERP | −0.275% | −0.3627% | 1h | $3K | $52K | 5.5x | as long as short |
| edgeX PENDLEUSDC | −0.255% | +0.0100% | 4h | $26K | $415K | 10x | as long as short |
| Paradex PENDLE-USD-PERP | −0.008% | +0.0100% | 8h | $37K | $31K | 10x | as long as short |
| Bybit PENDLEUSDT | 0.000% | −0.0197% | 8h | $16.6M | $11.3M | 50x | as long as short |
| BloFin PENDLE-USDTlong | 0.000% | +0.0125% | 8h | $1.5M | $837K | 75x | |
| Gate PENDLE_USDT | +0.026% | −0.0030% | 8h | $830K | $1.0M | 75x | as long as short |
| Polymarket Perps PENDLE-USD | +0.041% | +0.0013% | 1h | $18K | $70K | 5x | as long as short |
| Orderly PERP_PENDLE_USDC | +0.049% | +0.0050% | 8h | $22K | $4K | 10x | as long as short |