After costs, if the gap returns to its 7d average, $10k−$36
spread now+0.199%7d average+0.055%fees + slippage, in and out−$51spread needed0.506%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PENDLEUSDT | 2.6741 | −0.0050 | get 0.0050% / 8h | 2h 39m | $16.8M | $10.2M | 50x |
| Short | Binance PENDLEUSDT | 2.6794 | 0.0100 | get 0.0100% / 8h | 2h 39m | $29.9M | $29.3M | 75x |
Bybit PENDLEUSDT
Binance 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
- $19.89
- Funding while held
- $4.5
- Slippage, 4 orders
- −$29.63
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$26.24
- Spread needed to break even
- 0.506%
Slippage from Bybit: live order book, just now; Binance: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0150%
- Per $10,000 a day
- +$4.50
- 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 Bybit live order book, just now | 1.87 bp | 9.9 bp −$10 | 63.8 bp −$638 | doesn't fit | doesn't fit |
| Sell Binance live order book, 4 min ago | 0.19 bp | 11.9 bp −$12 | 29.1 bp −$291 | doesn't fit | doesn't fit |
PENDLE price on every exchange
against the cheapest. Click to use as the short leg.Injective2.6710cheapest
InjectiveBybit2.6741+0.116%
OKX2.6770+0.225%Extended2.6784+0.277%Bitget2.6786+0.285%
OKX
Extended
BitgetBinance2.6794+0.315%
BingX2.6798+0.329%Paradex2.6799+0.332%MEXC2.6805+0.356%Gate2.6810+0.374%KuCoin2.6814+0.389%Lighter2.6822+0.419%Aster2.6844+0.502%Reya2.6852+0.531%Hyperliquid2.6865+0.580%Orderly2.6868+0.592%Polymarket Perps2.6872+0.607%dYdX2.6875+0.619%GMX2.6880+0.637%Deribit2.6881+0.640%Aevo2.6885+0.654%SunX2.6885+0.655%Variational Omni2.6889+0.672%ApeX Omni2.6897+0.700%BloFin2.6899+0.708%Backpack2.6925+0.805%Kraken Futures2.6976+0.998%edgeX2.6984+1.028%Coinbase International2.7270+2.097%
BingX
Paradex
MEXC
Gate
KuCoin
Lighter
Aster
Reya
Hyperliquid
Orderly
Polymarket Perps
dYdX
GMX
Deribit
Aevo
SunX
Variational Omni
ApeX Omni
BloFin
Backpack
Kraken Futures
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 | −0.116% | −0.0760% | 1h | $4K | $51K | 5.5x | as long as short |
| Bybit PENDLEUSDTlong | 0.000% | −0.0050% | 8h | $16.8M | $10.2M | 50x | |
| OKX PENDLE-USDT-SWAP | +0.108% | +0.0100% | 4h | $3.3M | $4.5M | 50x | as long as short |
| Extended PENDLE-USD | +0.161% | +0.0104% | 1h | $179K | $516K | 10x | as long as short |
| Bitget PENDLEUSDT | +0.168% | +0.0100% | 8h | $4.0M | $2.5M | 75x | as long as short |
| Binance PENDLEUSDTshort | +0.199% | +0.0100% | 8h | $29.9M | $29.3M | 75x | |
| BingX PENDLE-USDT | +0.213% | +0.0100% | 8h | — | $34.0M | — | as long as short |
| Paradex PENDLE-USD-PERP | +0.216% | +0.0100% | 8h | $37K | $32K | 10x | as long as short |
| MEXC PENDLE_USDT | +0.239% | +0.0100% | 8h | $17.3M | $1.8M | 125x | as long as short |
| Gate PENDLE_USDT | +0.258% | +0.0040% | 8h | $836K | $982K | 75x | as long as short |