After costs, if the gap returns to its 7d average, $10k−$32
spread now+0.429%7d average+0.140%fees + slippage, in and out−$61spread needed0.608%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PENDLEUSDT | 2.6832 | −0.0032 | get 0.0032% / 8h | 2h 41m | $16.9M | $10.1M | 50x |
| Short | Hyperliquid PENDLE | 2.6947 | 0.0424 | get 0.0053% / 1h | 41m 01s | $12.7M | $4.5M | 5x |
Bybit PENDLEUSDT
Hyperliquid PENDLEPrice 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
- $42.86
- Funding while held
- $13.67
- Slippage, 4 orders
- −$40.8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$4.27
- Spread needed to break even
- 0.608%
Slippage from Bybit: live order book, 4 min ago; Hyperliquid: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0456%
- Per $10,000 a day
- +$13.67
- 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, 4 min ago | 1.85 bp | 15.3 bp −$15 | 48.2 bp −$482 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 3 min ago | 1.29 bp | 12.7 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
PENDLE price on every exchange
against the cheapest. Click to use as the short leg.Injective2.6710cheapest
InjectiveBybit2.6832+0.457%
OKX2.6850+0.524%BingX2.6877+0.625%Binance2.6878+0.631%Extended2.6880+0.635%Gate2.6880+0.636%Reya2.6889+0.671%Variational Omni2.6889+0.672%MEXC2.6896+0.696%BloFin2.6899+0.708%Bitget2.6900+0.711%Orderly2.6901+0.715%Polymarket Perps2.6905+0.730%Deribit2.6906+0.734%Paradex2.6907+0.739%Lighter2.6908+0.741%Aster2.6914+0.764%Aevo2.6915+0.767%GMX2.6917+0.775%SunX2.6921+0.790%KuCoin2.6924+0.801%Backpack2.6930+0.824%dYdX2.6934+0.840%
OKX
BingX
Binance
Extended
Gate
Reya
Variational Omni
MEXC
BloFin
Bitget
Orderly
Polymarket Perps
Deribit
Paradex
Lighter
Aster
Aevo
GMX
SunX
KuCoin
Backpack
dYdXHyperliquid2.6947+0.887%
Kraken Futures2.6971+0.978%edgeX2.6984+1.028%ApeX Omni2.6998+1.078%Coinbase International2.7270+2.097%
Kraken Futures
ApeX Omni
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 | −0.455% | −0.0760% | 1h | $4K | $51K | 5.5x | as long as short |
| Bybit PENDLEUSDTlong | 0.000% | −0.0032% | 8h | $16.9M | $10.1M | 50x | |
| OKX PENDLE-USDT-SWAP | +0.067% | +0.0100% | 4h | $3.3M | $4.5M | 50x | as long as short |
| BingX PENDLE-USDT | +0.168% | +0.0100% | 8h | — | $34.0M | — | as long as short |
| Binance PENDLEUSDT | +0.173% | +0.0100% | 8h | $29.9M | $29.1M | 75x | as long as short |
| Extended PENDLE-USD | +0.177% | +0.0104% | 1h | $180K | $516K | 10x | as long as short |
| Gate PENDLE_USDT | +0.179% | +0.0047% | 8h | $845K | $977K | 75x | as long as short |
| Reya PENDLERUSDPERP | +0.213% | −0.0004% | 1h | $4K | — | 15x | as long as short |
| Variational Omni PENDLE | +0.214% | −0.0092% | 8h | $908K | $2.1M | — | as long as short |
| MEXC PENDLE_USDT | +0.239% | +0.0100% | 8h | $17.4M | $1.8M | 125x | as long as short |