After costs, if the gap returns to its 7d average, $10k−$40
spread now+0.153%7d average+0.057%fees + slippage, in and out−$49spread needed0.493%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PENDLEUSDT | 2.6132 | −0.0247 | get 0.0247% / 8h | 8m 15s | $16.3M | $11.5M | 50x |
| Short | Lighter PENDLE | 2.6172 | 0.0096 | get 0.0012% / 1h | 8m 15s | $570K | $359K | 5x |
Bybit PENDLEUSDT
Lighter 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
- $15.31
- Funding while held
- $10.3
- Slippage, 4 orders
- −$38.31
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$23.7
- Spread needed to break even
- 0.493%
Slippage from Bybit: live order book, 2 min ago; Lighter: live order book, 38 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0343%
- Per $10,000 a day
- +$10.30
- 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, 2 min ago | 3.83 bp | 18.4 bp −$18 | 82.2 bp −$822 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 38 min ago | 3.58 bp | 6.6 bp −$7 | 68.4 bp −$684 | doesn't fit | doesn't fit |
PENDLE price on every exchange
against the cheapest. Click to use as the short leg.Injective2.5880cheapestBloFin2.6100+0.850%Variational Omni2.6124+0.942%
Injective
BloFin
Variational OmniBybit2.6132+0.974%
BingX2.6142+1.012%OKX2.6150+1.043%Gate2.6150+1.043%edgeX2.6153+1.055%Aster2.6154+1.059%Bitget2.6155+1.063%ApeX Omni2.6155+1.063%KuCoin2.6156+1.066%Polymarket Perps2.6158+1.074%Reya2.6161+1.088%Aevo2.6162+1.090%Extended2.6162+1.090%Binance2.6163+1.092%dYdX2.6164+1.099%MEXC2.6168+1.113%Orderly2.6168+1.113%Coinbase International2.6170+1.121%Paradex2.6171+1.124%
BingX
OKX
Gate
Aster
Bitget
ApeX Omni
KuCoin
Polymarket Perps
Reya
Aevo
Extended
Binance
dYdX
MEXC
Orderly
Coinbase International
ParadexLighter2.6172+1.128%
GMX2.6181+1.163%Deribit2.6184+1.175%SunX2.6185+1.179%Hyperliquid2.6191+1.202%Backpack2.6216+1.298%Kraken Futures2.6251+1.434%
GMX
Deribit
SunX
Hyperliquid
Backpack
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 PERP | −0.964% | −0.1178% | 1h | $2K | $6K | 5.5x | as long as short |
| BloFin PENDLE-USDT | −0.122% | +0.0072% | 8h | $1.5M | $860K | 75x | as long as short |
| Variational Omni PENDLE | −0.031% | −0.0285% | 8h | $820K | $2.2M | — | as long as short |
| Bybit PENDLEUSDTlong | 0.000% | −0.0247% | 8h | $16.3M | $11.5M | 50x | |
| BingX PENDLE-USDT | +0.038% | +0.0100% | 8h | — | $34.2M | — | as long as short |
| OKX PENDLE-USDT-SWAP | +0.069% | +0.0100% | 4h | $3.2M | $4.8M | 50x | as long as short |
| Gate PENDLE_USDT | +0.069% | +0.0005% | 8h | $831K | $1.1M | 75x | as long as short |
| edgeX PENDLEUSDC | +0.080% | +0.0100% | 4h | $26K | $415K | 10x | as long as short |
| Aster PENDLEUSDT | +0.085% | +0.0026% | 8h | $51K | $125K | 10x | as long as short |
| Bitget PENDLEUSDT | +0.088% | +0.0100% | 8h | $3.9M | $2.6M | 75x | as long as short |