Spread before costs (cost unknown: a leg has no order-book sample)−0.263%
7d average—if it closes, per $10,000$26funding while held, a day−$102.88
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PENDLEUSDT | 2.6570 | −0.0197 | get 0.0197% / 8h | 1h 05m | $16.6M | $11.3M | 50x |
| Short | Injective PENDLE/USDC PERP | 2.6500 | −0.3627 | pay 0.0453% / 1h | 5m 17s | $3K | $52K | 5.5x |
Bybit PENDLEUSDT
Injective PENDLE/USDC 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
- −$26.35
- Funding while held
- −$102.88
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$140.24
- Spread needed to break even
- 0.110%
Slippage unknown: Bybit: live order book, 5 min ago; Injective: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.3429%
- Per $10,000 a day
- −$102.88
- 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, 5 min ago | 3.78 bp | 17.4 bp −$17 | 82.0 bp −$820 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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.Injective2.6500cheapest
edgeX2.6505+0.019%Paradex2.6540+0.152%Polymarket Perps2.6544+0.166%Gate2.6560+0.226%Reya2.6564+0.242%BingX2.6565+0.245%Aster2.6568+0.258%
Paradex
Polymarket Perps
Gate
Reya
BingX
AsterBybit2.6570+0.264%
Variational Omni2.6570+0.264%Extended2.6572+0.270%Bitget2.6573+0.275%GMX2.6577+0.290%Aevo2.6578+0.296%Deribit2.6584+0.317%Orderly2.6586+0.325%OKX2.6590+0.340%SunX2.6593+0.351%ApeX Omni2.6594+0.355%BloFin2.6594+0.355%MEXC2.6596+0.362%KuCoin2.6600+0.377%Binance2.6600+0.379%Hyperliquid2.6603+0.389%Backpack2.6606+0.400%dYdX2.6610+0.416%Lighter2.6614+0.430%Coinbase International2.6630+0.491%Kraken Futures2.6652+0.575%
Variational Omni
Extended
Bitget
GMX
Aevo
Deribit
Orderly
OKX
SunX
ApeX Omni
BloFin
MEXC
KuCoin
Binance
Hyperliquid
Backpack
dYdX
Lighter
Coinbase International
Kraken FuturesPENDLE on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PENDLE/USDC PERPshort | −0.263% | −0.3627% | 1h | $3K | $52K | 5.5x | |
| edgeX PENDLEUSDC | −0.244% | +0.0100% | 4h | $26K | $415K | 10x | as long as short |
| Paradex PENDLE-USD-PERP | −0.112% | +0.0100% | 8h | $37K | $31K | 10x | as long as short |
| Polymarket Perps PENDLE-USD | −0.098% | +0.0012% | 1h | $18K | $68K | 5x | as long as short |
| Gate PENDLE_USDT | −0.038% | −0.0029% | 8h | $830K | $1.0M | 75x | as long as short |
| Reya PENDLERUSDPERP | −0.022% | +0.0004% | 1h | $4K | — | 15x | as long as short |
| BingX PENDLE-USDT | −0.019% | +0.0100% | 8h | — | $34.1M | — | as long as short |
| Aster PENDLEUSDT | −0.006% | +0.0070% | 8h | $51K | $121K | 10x | as long as short |
| Bybit PENDLEUSDTlong | 0.000% | −0.0197% | 8h | $16.6M | $11.3M | 50x | |
| Variational Omni PENDLE | 0.000% | −0.0225% | 8h | $888K | $2.1M | — | as long as short |