Spread before costs (cost unknown: a leg has no order-book sample)+0.106%
7d average—if it closes, per $10,000$11funding while held, a day+$0.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PENDLEUSDT | 2.5474 | 0.0100 | pay 0.0100% / 8h | 4h 56m | $15.8M | $11.9M | 50x |
| Short | Polymarket Perps PENDLE-USD | 2.5501 | 0.0100 | get 0.0013% / 1h | 56m 33s | $16K | $30K | 5x |
Bybit PENDLEUSDT
Polymarket Perps PENDLE-USDPrice 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
- $10.6
- Funding while held
- $0
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$8.4
- Spread needed to break even
- 0.190%
Slippage unknown: Bybit: live order book, 3 min ago; Polymarket Perps: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- 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 | 1.96 bp | 18.3 bp −$18 | 81.4 bp −$814 | doesn't fit | doesn't fit |
| Sell Polymarket Perps no order-book sample | — | — | — | — | — |
Polymarket Perps: 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.Injective2.5250cheapestExtended2.5456+0.816%Binance2.5465+0.852%Paradex2.5467+0.861%MEXC2.5469+0.867%Reya2.5469+0.868%OKX2.5470+0.871%Lighter2.5471+0.875%
Injective
Extended
Binance
Paradex
MEXC
Reya
OKX
LighterBybit2.5474+0.887%
BloFin2.5479+0.907%Aster2.5482+0.919%Aevo2.5483+0.921%Gate2.5490+0.950%Orderly2.5494+0.966%BingX2.5495+0.970%Variational Omni2.5496+0.973%Deribit2.5496+0.974%
BloFin
Aster
Aevo
Gate
Orderly
BingX
Variational Omni
DeribitPolymarket Perps2.5501+0.994%
Kraken Futures2.5503+1.001%Hyperliquid2.5503+1.002%KuCoin2.5507+1.018%Bitget2.5508+1.022%edgeX2.5509+1.028%ApeX Omni2.5510+1.030%SunX2.5512+1.038%GMX2.5515+1.048%dYdX2.5517+1.058%Coinbase International2.5530+1.109%Backpack2.5538+1.141%
Kraken Futures
Hyperliquid
KuCoin
Bitget
ApeX Omni
SunX
GMX
dYdX
Coinbase International
BackpackPENDLE on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PENDLE/USDC PERP | −0.879% | −0.4300% | 1h | $2K | $7K | 5.5x | as long as short |
| Extended PENDLE-USD | −0.071% | +0.0064% | 1h | $168K | $519K | 10x | as long as short |
| Binance PENDLEUSDT | −0.035% | +0.0063% | 8h | $27.9M | $36.4M | 75x | as long as short |
| Paradex PENDLE-USD-PERP | −0.026% | +0.0100% | 8h | $36K | $26K | 10x | as long as short |
| MEXC PENDLE_USDT | −0.020% | +0.0063% | 8h | $17.0M | $2.1M | 125x | as long as short |
| Reya PENDLERUSDPERP | −0.019% | +0.0024% | 1h | $4K | — | 15x | as long as short |
| OKX PENDLE-USDT-SWAP | −0.016% | +0.0100% | 4h | $3.3M | $5.3M | 50x | as long as short |
| Lighter PENDLE | −0.012% | +0.0096% | 1h | $557K | $358K | 5x | as long as short |
| Bybit PENDLEUSDTlong | 0.000% | +0.0100% | 8h | $15.8M | $11.9M | 50x | |
| BloFin PENDLE-USDT | +0.020% | +0.0055% | 8h | $1.4M | $820K | 75x | as long as short |