Spread before costs (cost unknown: a leg has no order-book sample)+0.340%
7d average—if it closes, per $10,000$34funding while held, a day+$7.47
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PENDLEUSDT | 2.6454 | −0.0198 | get 0.0198% / 8h | 1h 01m | $16.5M | $11.3M | 50x |
| Short | Orderly PERP_PENDLE_USDC | 2.6544 | 0.0051 | get 0.0051% / 8h | 1h 01m | $22K | $4K | 10x |
Bybit PENDLEUSDT
Orderly PERP_PENDLE_USDCPrice 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
- $34.02
- Funding while held
- $7.47
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $24.49
- Spread needed to break even
- 0.170%
Slippage unknown: Bybit: live order book, 3 min ago; Orderly: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0249%
- Per $10,000 a day
- +$7.47
- 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, 3 min ago | 1.89 bp | 20.9 bp −$21 | 84.6 bp −$846 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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.Bybit2.6454cheapest
OKX2.6470+0.060%Gate2.6480+0.098%Extended2.6482+0.107%Binance2.6486+0.121%Bitget2.6488+0.129%MEXC2.6499+0.170%Injective2.6500+0.174%BingX2.6511+0.215%Aster2.6518+0.243%Lighter2.6519+0.246%KuCoin2.6523+0.261%Aevo2.6530+0.287%Polymarket Perps2.6539+0.321%Coinbase International2.6540+0.325%Backpack2.6542+0.333%ApeX Omni2.6543+0.336%Paradex2.6543+0.338%
OKX
Gate
Extended
Binance
Bitget
MEXC
Injective
BingX
Aster
Lighter
KuCoin
Aevo
Polymarket Perps
Coinbase International
Backpack
ApeX Omni
ParadexOrderly2.6544+0.340%
Hyperliquid2.6544+0.341%Deribit2.6549+0.359%GMX2.6555+0.383%edgeX2.6557+0.389%BloFin2.6558+0.393%Reya2.6559+0.396%Variational Omni2.6570+0.439%SunX2.6572+0.446%Kraken Futures2.6584+0.492%dYdX2.6585+0.496%
Hyperliquid
Deribit
GMX
BloFin
Reya
Variational Omni
SunX
Kraken Futures
dYdXPENDLE on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit PENDLEUSDTlong | 0.000% | −0.0198% | 8h | $16.5M | $11.3M | 50x | |
| OKX PENDLE-USDT-SWAP | +0.060% | +0.0100% | 4h | $3.3M | $4.8M | 50x | as long as short |
| Gate PENDLE_USDT | +0.098% | −0.0027% | 8h | $827K | $1.0M | 75x | as long as short |
| Extended PENDLE-USD | +0.107% | +0.0104% | 1h | $175K | $520K | 10x | as long as short |
| Binance PENDLEUSDT | +0.121% | +0.0100% | 8h | $29.5M | $31.8M | 75x | as long as short |
| Bitget PENDLEUSDT | +0.129% | +0.0100% | 8h | $4.0M | $2.6M | 75x | as long as short |
| MEXC PENDLE_USDT | +0.170% | +0.0100% | 8h | $17.1M | $2.1M | 125x | as long as short |
| Injective PENDLE/USDC PERP | +0.174% | −0.3627% | 1h | $3K | $52K | 5.5x | as long as short |
| BingX PENDLE-USDT | +0.215% | +0.0100% | 8h | — | $34.1M | — | as long as short |
| Aster PENDLEUSDT | +0.243% | +0.0070% | 8h | $51K | $122K | 10x | as long as short |