Spread before costs (cost unknown: a leg has no order-book sample)+0.558%
7d average−0.010%if it closes, per $10,000$56funding while held, a day−$0.53
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PENDLEUSDT | 2.6634 | −0.0164 | get 0.0164% / 8h | 1h 57m | $16.7M | $11.0M | 50x |
| Short | Variational Omni PENDLE | 2.6783 | −0.0182 | pay 0.0182% / 8h | 1h 57m | $892K | $2.1M | — |
Bybit PENDLEUSDT
Variational Omni 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
- $55.81
- Funding while held
- −$0.53
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $44.27
- Spread needed to break even
- 0.110%
Slippage unknown: Bybit: live order book, 2 min ago; Variational Omni: RFQ quote, 3 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0018%
- Per $10,000 a day
- −$0.53
- 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 | 3.75 bp | 17.9 bp −$18 | 64.4 bp −$644 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 3 min ago | 6.46 bp | doesn't fit | 44.8 bp −$448 | doesn't fit | doesn't fit |
PENDLE price on every exchange
against the cheapest. Click to use as the short leg.Injective2.6320cheapest
InjectiveBybit2.6634+1.193%
OKX2.6650+1.254%Extended2.6671+1.334%Binance2.6675+1.349%Aevo2.6678+1.360%BingX2.6679+1.364%Orderly2.6679+1.364%Gate2.6680+1.368%GMX2.6687+1.394%MEXC2.6687+1.394%Bitget2.6688+1.398%Reya2.6692+1.414%Aster2.6694+1.420%Polymarket Perps2.6697+1.432%Paradex2.6707+1.470%KuCoin2.6717+1.508%dYdX2.6724+1.535%Lighter2.6728+1.550%Hyperliquid2.6739+1.592%edgeX2.6741+1.600%ApeX Omni2.6758+1.664%SunX2.6761+1.676%BloFin2.6762+1.679%Deribit2.6770+1.710%
OKX
Extended
Binance
Aevo
BingX
Orderly
Gate
GMX
MEXC
Bitget
Reya
Aster
Polymarket Perps
Paradex
KuCoin
dYdX
Lighter
Hyperliquid
ApeX Omni
SunX
BloFin
DeribitVariational Omni2.6783+1.758%
Coinbase International2.6790+1.786%Backpack2.6792+1.793%Kraken Futures2.6815+1.882%
Coinbase International
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 | −1.179% | −0.3627% | 1h | $4K | $51K | 5.5x | as long as short |
| Bybit PENDLEUSDTlong | 0.000% | −0.0164% | 8h | $16.7M | $11.0M | 50x | |
| OKX PENDLE-USDT-SWAP | +0.060% | +0.0100% | 4h | $3.3M | $4.6M | 50x | as long as short |
| Extended PENDLE-USD | +0.139% | +0.0104% | 1h | $177K | $520K | 10x | as long as short |
| Binance PENDLEUSDT | +0.154% | +0.0100% | 8h | $30.1M | $30.2M | 75x | as long as short |
| Aevo PENDLE-PERP | +0.165% | +0.0104% | 1h | $28K | — | 3x | as long as short |
| BingX PENDLE-USDT | +0.169% | +0.0100% | 8h | — | $34.1M | — | as long as short |
| Orderly PERP_PENDLE_USDC | +0.169% | +0.0046% | 8h | $22K | $4K | 10x | as long as short |
| Gate PENDLE_USDT | +0.173% | −0.0005% | 8h | $839K | $999K | 75x | as long as short |
| GMX PENDLE/USD [PENDLE-USDC] | +0.199% | L +0.0200% / S −0.0269% | 1h | $6K | — | 100x | as long as short |