PENDLE

Alert

After costs, if the gap returns to its 7d average, $10k−$55

spread now+0.116%7d average+0.091%fees + slippage, in and out−$58spread needed0.579%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin PENDLE-USDT	2.6762	0.0097	pay 0.0097% / 8h	1h 58m	$1.5M	$831K	75x
Short	Hyperliquid PENDLE	2.6793	0.0100	get 0.0013% / 1h	58m 09s	$12.9M	$4.8M	5x

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 HyperliquidbpOrdersClose when spread is

Slippage from BloFin: live order book, 1 min ago; Hyperliquid: live order book, 6 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, 1 min ago	0.75 bp	16.0 bp −$16	32.4 bp −$324	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 6 min ago	1.30 bp	13.8 bp −$14	doesn't fit	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	−1.652%	−0.3627%	1h	$4K	$51K	5.5x	as long as short
Bybit PENDLEUSDT	−0.157%	−0.0158%	8h	$16.7M	$11.0M	50x	as long as short
Gate PENDLE_USDT	−0.120%	+0.0001%	8h	$841K	$998K	75x	as long as short
Extended PENDLE-USD	−0.104%	+0.0104%	1h	$177K	$520K	10x	as long as short
OKX PENDLE-USDT-SWAP	−0.082%	+0.0100%	4h	$3.3M	$4.7M	50x	as long as short
BingX PENDLE-USDT	−0.082%	+0.0100%	8h	—	$34.1M	—	as long as short
Bitget PENDLEUSDT	−0.060%	+0.0100%	8h	$4.0M	$2.5M	75x	as long as short
KuCoin PENDLEUSDTM	−0.041%	+0.0100%	8h	$1.1M	$455K	50x	as long as short
Reya PENDLERUSDPERP	−0.040%	−0.0001%	1h	$4K	—	15x	as long as short
Paradex PENDLE-USD-PERP	−0.039%	+0.0100%	8h	$37K	$32K	10x	as long as short

Show all 29 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Aevo PENDLE-PERP	−0.038%	+0.0104%	1h	$28K	—	3x	as long as short
Orderly PERP_PENDLE_USDC	−0.030%	+0.0046%	8h	$22K	$4K	10x	as long as short
dYdX PENDLE-USD	−0.022%	0.0000%	1h	$11K	—	5x	as long as short
Polymarket Perps PENDLE-USD	−0.015%	+0.0100%	1h	$19K	$73K	5x	as long as short
SunX PENDLE-USDT	−0.004%	+0.0100%	8h	$2K	$1.4M	20x	as long as short
BloFin PENDLE-USDTlong	0.000%	+0.0097%	8h	$1.5M	$831K	75x
Binance PENDLEUSDT	+0.006%	+0.0100%	8h	$30.2M	$30.2M	75x	as long as short
MEXC PENDLE_USDT	+0.011%	+0.0100%	8h	$17.5M	$1.9M	125x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	+0.013%	L +0.0200% / S −0.0269%	1h	$6K	—	100x	as long as short
Lighter PENDLE	+0.019%	+0.0096%	1h	$591K	$325K	5x	as long as short
Aster PENDLEUSDT	+0.022%	+0.0100%	8h	$51K	$116K	10x	as long as short
Deribit PENDLE_USDC-PERPETUAL	+0.030%	0.0000%	1h	$32K	$10K	10x	as long as short
Variational Omni PENDLE	+0.077%	−0.0182%	8h	$892K	$2.1M	—	as long as short
Coinbase International PENDLE-PERP-INTX	+0.105%	+0.0368%	1h	$71K	$337K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.112%	+0.0745%	1h	$378K	$445K	15x	as long as short
Hyperliquid PENDLEshort	+0.116%	+0.0100%	1h	$12.9M	$4.8M	5x
edgeX PENDLEUSDC	+0.164%	+0.0100%	4h	$27K	$416K	10x	as long as short
Kraken Futures PF_PENDLEUSD	+0.199%	+0.1438%	1h	$161K	$203K	20x	as long as short
ApeX Omni PENDLEUSDT	+0.415%	+0.0059%	1h	$81K	$237K	50x	as long as short