Spread before costs (cost unknown: a leg has no order-book sample)−0.857%
7d average—if it closes, per $10,000$86funding while held, a day+$1.55
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin PENDLE-USDT | 2.5614 | 0.0048 | pay 0.0048% / 8h | 6h 13m | $1.4M | $816K | 75x |
| Short | Paradex PENDLE-USD-PERP | 2.5394 | 0.0100 | get 0.0100% / 8h | 6h 13m | $36K | $29K | 10x |
BloFin PENDLE-USDT
Paradex PENDLE-USD-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
- −$85.72
- Funding while held
- $1.55
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$100.17
- Spread needed to break even
- 0.160%
Slippage unknown: BloFin: live order book, 5 min ago; Paradex: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0052%
- Per $10,000 a day
- +$1.55
- 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, 5 min ago | 0.19 bp | 12.0 bp −$12 | 19.1 bp −$191 | doesn't fit | doesn't fit |
| Sell Paradex no order-book sample | — | — | — | — | — |
Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
PENDLE price on every exchange
against the cheapest. Click to use as the short leg.Injective2.5290cheapestGMX2.5387+0.384%Reya2.5388+0.386%
Injective
GMX
ReyaParadex2.5394+0.413%
Orderly2.5398+0.427%Coinbase International2.5400+0.435%Polymarket Perps2.5408+0.467%Bybit2.5410+0.474%Gate2.5410+0.474%Aevo2.5414+0.491%MEXC2.5416+0.498%Binance2.5417+0.502%Extended2.5420+0.516%BingX2.5421+0.518%Bitget2.5422+0.522%dYdX2.5427+0.543%Lighter2.5430+0.554%OKX2.5430+0.554%Aster2.5432+0.561%SunX2.5433+0.565%KuCoin2.5438+0.585%Deribit2.5448+0.625%Hyperliquid2.5451+0.637%Backpack2.5463+0.684%Kraken Futures2.5489+0.786%ApeX Omni2.5597+1.214%
Orderly
Coinbase International
Polymarket Perps
Bybit
Gate
Aevo
MEXC
Binance
Extended
BingX
Bitget
dYdX
Lighter
OKX
Aster
SunX
KuCoin
Deribit
Hyperliquid
Backpack
Kraken Futures
ApeX OmniBloFin2.5614+1.281%
edgeX2.5620+1.306%Variational Omni2.5622+1.313%
Variational OmniPENDLE on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PENDLE/USDC PERP | −1.265% | −0.4277% | 1h | $2K | $7K | 5.5x | as long as short |
| GMX PENDLE/USD [PENDLE-USDC] | −0.886% | L +0.0200% / S −0.0272% | 1h | $5K | — | 100x | as long as short |
| Reya PENDLERUSDPERP | −0.884% | +0.0017% | 1h | $4K | — | 15x | as long as short |
| Paradex PENDLE-USD-PERPshort | −0.857% | +0.0100% | 8h | $36K | $29K | 10x | |
| Orderly PERP_PENDLE_USDC | −0.843% | +0.0046% | 8h | $20K | $4K | 10x | as long as short |
| Coinbase International PENDLE-PERP-INTX | −0.835% | +0.0592% | 1h | $117K | $440K | 25x | as long as short |
| Polymarket Perps PENDLE-USD | −0.804% | +0.0100% | 1h | $16K | $30K | 5x | as long as short |
| Bybit PENDLEUSDT | −0.796% | +0.0100% | 8h | $15.9M | $11.9M | 50x | as long as short |
| Gate PENDLE_USDT | −0.796% | +0.0062% | 8h | $816K | $1.1M | 75x | as long as short |
| Aevo PENDLE-PERP | −0.780% | +0.0096% | 1h | $27K | — | 3x | as long as short |