PENDLE

Alert

Spread before costs (cost unknown: a leg has no order-book sample)+0.055%

7d average+0.008%if it closes, per $10,000$5funding while held, a day+$2.04

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin PENDLE-USDT	2.5597	0.0032	pay 0.0032% / 8h	6h 19m	$1.4M	$815K	75x
Short	SunX PENDLE-USDT	2.5611	0.0100	get 0.0100% / 8h	6h 19m	$2K	$1.6M	20x

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 SunXbpOrdersClose when spread is

Slippage unknown: BloFin: live order book, 4 min ago; SunX: live order book, 12 min ago. Net counts fees only.

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, 4 min ago	0.59 bp	12.9 bp −$13	22.2 bp −$222	doesn't fit	doesn't fit
Sell SunX live order book, 12 min ago	499.81 bp	doesn't fit	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	−1.199%	−0.4277%	1h	$2K	$7K	5.5x	as long as short
edgeX PENDLEUSDC	−0.115%	+0.0100%	4h	$25K	$415K	10x	as long as short
ApeX Omni PENDLEUSDT	−0.113%	+0.0100%	1h	$78K	$237K	50x	as long as short
OKX PENDLE-USDT-SWAP	−0.066%	+0.0100%	4h	$3.3M	$5.2M	50x	as long as short
Bybit PENDLEUSDT	−0.051%	+0.0100%	8h	$16.0M	$11.8M	50x	as long as short
Aster PENDLEUSDT	−0.047%	−0.0027%	8h	$52K	$133K	10x	as long as short
Bitget PENDLEUSDT	−0.047%	+0.0100%	8h	$3.8M	$2.5M	75x	as long as short
BingX PENDLE-USDT	−0.047%	+0.0100%	8h	—	$34.3M	—	as long as short
Extended PENDLE-USD	−0.040%	+0.0056%	1h	$168K	$518K	10x	as long as short
Binance PENDLEUSDT	−0.038%	+0.0056%	8h	$28.0M	$35.2M	75x	as long as short

Show all 29 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC PENDLE_USDT	−0.031%	+0.0055%	8h	$17.0M	$2.2M	125x	as long as short
Gate PENDLE_USDT	−0.027%	+0.0087%	8h	$821K	$1.1M	75x	as long as short
KuCoin PENDLEUSDTM	−0.020%	+0.0100%	8h	$949K	$566K	50x	as long as short
Lighter PENDLE	−0.016%	+0.0096%	1h	$559K	$356K	5x	as long as short
BloFin PENDLE-USDTlong	0.000%	+0.0032%	8h	$1.4M	$815K	75x
Variational Omni PENDLE	+0.001%	−0.0200%	8h	$661K	$2.2M	—	as long as short
Paradex PENDLE-USD-PERP	+0.011%	+0.0100%	8h	$36K	$29K	10x	as long as short
Aevo PENDLE-PERP	+0.016%	+0.0096%	1h	$27K	—	3x	as long as short
Orderly PERP_PENDLE_USDC	+0.031%	+0.0047%	8h	$20K	$4K	10x	as long as short
Deribit PENDLE_USDC-PERPETUAL	+0.051%	0.0000%	1h	$30K	$11K	10x	as long as short
SunX PENDLE-USDTshort	+0.055%	+0.0100%	8h	$2K	$1.6M	20x
Reya PENDLERUSDPERP	+0.059%	+0.0017%	1h	$4K	—	15x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	+0.067%	L +0.0200% / S −0.0272%	1h	$5K	—	100x	as long as short
dYdX PENDLE-USD	+0.071%	0.0000%	1h	$11K	—	5x	as long as short
Kraken Futures PF_PENDLEUSD	+0.074%	+0.2119%	1h	$155K	$269K	20x	as long as short
Polymarket Perps PENDLE-USD	+0.082%	+0.0100%	1h	$16K	$30K	5x	as long as short
Hyperliquid PENDLE	+0.113%	+0.0100%	1h	$12.3M	$5.3M	5x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.168%	+0.0592%	1h	$116K	$438K	25x	as long as short
Backpack PENDLE_USDC_PERP	+0.215%	+0.0746%	1h	$377K	$460K	15x	as long as short