After costs, if the gap returns to its 7d average, $10k−$66
spread now−0.110%7d average−0.051%fees + slippage, in and out−$60spread needed0.602%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin PENDLE-USDT | 2.5479 | 0.0055 | pay 0.0055% / 8h | 4h 55m | $1.4M | $820K | 75x |
| Short | Bybit PENDLEUSDT | 2.5451 | 0.0100 | get 0.0100% / 8h | 4h 55m | $15.8M | $11.9M | 50x |
BloFin PENDLE-USDT
Bybit PENDLEUSDTPrice 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
- −$10.99
- Funding while held
- $1.35
- Slippage, 4 orders
- −$37.19
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$69.83
- Spread needed to break even
- 0.602%
Slippage from BloFin: live order book, 3 min ago; Bybit: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0045%
- Per $10,000 a day
- +$1.35
- 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, 3 min ago | 0.98 bp | 13.2 bp −$13 | 24.0 bp −$240 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 1.96 bp | 18.4 bp −$18 | 69.0 bp −$690 | 1062.5 bp −$106.2K | doesn't fit |
PENDLE price on every exchange
against the cheapest. Click to use as the short leg.Injective2.5250cheapestExtended2.5435+0.734%Bitget2.5443+0.764%OKX2.5450+0.792%
Injective
Extended
Bitget
OKXBybit2.5451+0.796%
Binance2.5455+0.812%MEXC2.5461+0.836%Paradex2.5467+0.861%Kraken Futures2.5468+0.863%Reya2.5469+0.868%KuCoin2.5472+0.879%Aevo2.5473+0.885%Orderly2.5475+0.891%SunX2.5476+0.895%Deribit2.5476+0.895%Lighter2.5477+0.899%
Binance
MEXC
Paradex
Kraken Futures
Reya
KuCoin
Aevo
Orderly
SunX
Deribit
LighterBloFin2.5479+0.907%
Gate2.5480+0.911%BingX2.5480+0.911%Aster2.5482+0.919%GMX2.5482+0.920%Variational Omni2.5496+0.973%Hyperliquid2.5501+0.994%Polymarket Perps2.5501+0.994%edgeX2.5509+1.028%ApeX Omni2.5510+1.030%dYdX2.5517+1.058%Backpack2.5522+1.077%Coinbase International2.5530+1.109%
Gate
BingX
Aster
GMX
Variational Omni
Hyperliquid
Polymarket Perps
ApeX Omni
dYdX
Backpack
Coinbase InternationalPENDLE on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PENDLE/USDC PERP | −0.899% | −0.4300% | 1h | $2K | $7K | 5.5x | as long as short |
| Extended PENDLE-USD | −0.172% | +0.0064% | 1h | $168K | $519K | 10x | as long as short |
| Bitget PENDLEUSDT | −0.141% | +0.0100% | 8h | $3.8M | $2.6M | 75x | as long as short |
| OKX PENDLE-USDT-SWAP | −0.114% | +0.0100% | 4h | $3.3M | $5.3M | 50x | as long as short |
| Bybit PENDLEUSDTshort | −0.110% | +0.0100% | 8h | $15.8M | $11.9M | 50x | |
| Binance PENDLEUSDT | −0.094% | +0.0063% | 8h | $27.9M | $36.4M | 75x | as long as short |
| MEXC PENDLE_USDT | −0.071% | +0.0063% | 8h | $17.0M | $2.2M | 125x | as long as short |
| Paradex PENDLE-USD-PERP | −0.046% | +0.0100% | 8h | $36K | $26K | 10x | as long as short |
| Kraken Futures PF_PENDLEUSD | −0.043% | −0.0624% | 1h | $158K | $251K | 20x | as long as short |
| Reya PENDLERUSDPERP | −0.039% | +0.0024% | 1h | $4K | — | 15x | as long as short |