PENDLE

Alert

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

spread now+0.029%7d average−0.043%fees + slippage, in and out−$62spread needed0.617%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit PENDLEUSDT	2.6125	−0.0246	get 0.0246% / 8h	11m 26s	$16.3M	$11.5M	50x
Short	Extended PENDLE-USD	2.6132	0.0104	get 0.0013% / 1h	11m 26s	$172K	$520K	10x

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 BybitbpFee ExtendedbpOrdersClose when spread is

Slippage from Bybit: live order book, 3 min ago; Extended: live order book, 38 min ago.

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, 3 min ago	1.91 bp	17.7 bp −$18	77.5 bp −$775	doesn't fit	doesn't fit
Sell Extended live order book, 38 min ago	0.75 bp	13.2 bp −$13	123.6 bp −$1,236	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	−1.282%	−0.1178%	1h	$2K	$6K	5.5x	as long as short
Variational Omni PENDLE	−0.353%	−0.0281%	8h	$818K	$2.2M	—	as long as short
Bybit PENDLEUSDTlong	0.000%	−0.0246%	8h	$16.3M	$11.5M	50x
ApeX Omni PENDLEUSDT	+0.004%	+0.0100%	1h	$79K	$236K	50x	as long as short
Extended PENDLE-USDshort	+0.029%	+0.0104%	1h	$172K	$520K	10x
OKX PENDLE-USDT-SWAP	+0.057%	+0.0100%	4h	$3.2M	$4.8M	50x	as long as short
Gate PENDLE_USDT	+0.057%	+0.0003%	8h	$813K	$1.1M	75x	as long as short
Bitget PENDLEUSDT	+0.065%	+0.0100%	8h	$3.9M	$2.6M	75x	as long as short
Polymarket Perps PENDLE-USD	+0.065%	−0.0023%	1h	$18K	$53K	5x	as long as short
BingX PENDLE-USDT	+0.073%	+0.0100%	8h	—	$34.2M	—	as long as short

Show all 29 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC PENDLE_USDT	+0.077%	+0.0100%	8h	$17.0M	$2.1M	125x	as long as short
Orderly PERP_PENDLE_USDC	+0.080%	+0.0056%	8h	$21K	$4K	10x	as long as short
Paradex PENDLE-USD-PERP	+0.095%	+0.0100%	8h	$37K	$30K	10x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	+0.114%	L +0.0200% / S −0.0272%	1h	$5K	—	100x	as long as short
Aevo PENDLE-PERP	+0.128%	+0.0104%	1h	$27K	—	3x	as long as short
edgeX PENDLEUSDC	+0.129%	+0.0100%	4h	$26K	$414K	10x	as long as short
Reya PENDLERUSDPERP	+0.132%	+0.0008%	1h	$4K	—	15x	as long as short
Lighter PENDLE	+0.134%	+0.0096%	1h	$569K	$359K	5x	as long as short
Binance PENDLEUSDT	+0.138%	+0.0100%	8h	$29.1M	$32.8M	75x	as long as short
KuCoin PENDLEUSDTM	+0.142%	+0.0100%	8h	$1.0M	$489K	50x	as long as short
Deribit PENDLE_USDC-PERPETUAL	+0.145%	0.0000%	1h	$31K	$10K	10x	as long as short
Aster PENDLEUSDT	+0.148%	+0.0030%	8h	$51K	$125K	10x	as long as short
SunX PENDLE-USDT	+0.157%	+0.0100%	8h	$2K	$1.5M	20x	as long as short
dYdX PENDLE-USD	+0.161%	0.0000%	1h	$11K	—	5x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.172%	+0.0496%	1h	$99K	$397K	25x	as long as short
BloFin PENDLE-USDT	+0.218%	+0.0087%	8h	$1.5M	$862K	75x	as long as short
Backpack PENDLE_USDC_PERP	+0.272%	+0.0493%	1h	$370K	$447K	15x	as long as short
Hyperliquid PENDLE	+0.281%	+0.0100%	1h	$12.4M	$5.2M	5x	as long as short
Kraken Futures PF_PENDLEUSD	+0.406%	+0.1868%	1h	$166K	$219K	20x	as long as short