PENDLE

Alert

After costs, if the gap returns to its 7d average, $10k−$68

spread now−0.139%7d average−0.051%fees + slippage, in and out−$59spread needed0.595%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin PENDLE-USDT	2.5866	0.0123	pay 0.0123% / 8h	7h 28m	$1.4M	$858K	75x
Short	Bitget PENDLEUSDT	2.5830	0.0100	get 0.0100% / 8h	7h 28m	$3.9M	$2.6M	75x

Price spread history

latest

Range statsloading…

share of time at each level, last 7D

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Position, each leg$Hold forhoursFee BloFinbpFee BitgetbpOrdersClose when spread is

Slippage from BloFin: live order book, 5 min ago; Bitget: live order book, 5 min ago.

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, 5 min ago	1.74 bp	12.7 bp −$13	24.2 bp −$242	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	3.10 bp	19.0 bp −$19	42.2 bp −$422	doesn't fit	doesn't fit

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Injective PENDLE/USDC PERP	−1.028%	−0.1875%	1h	$2K	$6K	5.5x	as long as short
Bitget PENDLEUSDTshort	−0.139%	+0.0100%	8h	$3.9M	$2.6M	75x
Variational Omni PENDLE	−0.134%	−0.0270%	8h	$670K	$2.3M	—	as long as short
Paradex PENDLE-USD-PERP	−0.104%	+0.0100%	8h	$36K	$30K	10x	as long as short
Extended PENDLE-USD	−0.099%	+0.0104%	1h	$171K	$520K	10x	as long as short
MEXC PENDLE_USDT	−0.073%	+0.0100%	8h	$16.8M	$2.1M	125x	as long as short
Bybit PENDLEUSDT	−0.062%	−0.0099%	8h	$16.1M	$11.9M	50x	as long as short
Gate PENDLE_USDT	−0.062%	+0.0100%	8h	$817K	$1.1M	75x	as long as short
Binance PENDLEUSDT	−0.059%	+0.0100%	8h	$28.7M	$33.9M	75x	as long as short
BingX PENDLE-USDT	−0.043%	+0.0100%	8h	—	$34.3M	—	as long as short

Show all 29 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Polymarket Perps PENDLE-USD	−0.035%	+0.0100%	1h	$16K	$44K	5x	as long as short
OKX PENDLE-USDT-SWAP	−0.023%	+0.0100%	4h	$3.2M	$5.0M	50x	as long as short
KuCoin PENDLEUSDTM	−0.008%	+0.0100%	8h	$958K	$529K	50x	as long as short
BloFin PENDLE-USDTlong	0.000%	+0.0123%	8h	$1.4M	$858K	75x
ApeX Omni PENDLEUSDT	+0.004%	+0.0095%	1h	$78K	$237K	50x	as long as short
Orderly PERP_PENDLE_USDC	+0.012%	+0.0054%	8h	$20K	$4K	10x	as long as short
Reya PENDLERUSDPERP	+0.016%	+0.0011%	1h	$4K	—	15x	as long as short
SunX PENDLE-USDT	+0.019%	+0.0100%	8h	$2K	$1.5M	20x	as long as short
edgeX PENDLEUSDC	+0.021%	+0.0100%	4h	$26K	$417K	10x	as long as short
Aevo PENDLE-PERP	+0.025%	+0.0104%	1h	$27K	—	3x	as long as short
Lighter PENDLE	+0.046%	+0.0096%	1h	$564K	$352K	5x	as long as short
Deribit PENDLE_USDC-PERPETUAL	+0.058%	0.0000%	1h	$30K	$11K	10x	as long as short
Aster PENDLEUSDT	+0.073%	+0.0014%	8h	$51K	$128K	10x	as long as short
dYdX PENDLE-USD	+0.077%	0.0000%	1h	$11K	—	5x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	+0.082%	L +0.0200% / S −0.0272%	1h	$5K	—	100x	as long as short
Hyperliquid PENDLE	+0.128%	+0.0100%	1h	$12.2M	$5.2M	5x	as long as short
Backpack PENDLE_USDC_PERP	+0.139%	+0.0284%	1h	$373K	$450K	15x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.170%	+0.0432%	1h	$115K	$432K	25x	as long as short
Kraken Futures PF_PENDLEUSD	+0.257%	+0.1743%	1h	$163K	$232K	20x	as long as short