After costs, if the gap returns to its 7d average, $10k−$85
spread now−0.320%7d average−0.045%fees + slippage, in and out−$58spread needed0.576%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International PENDLE-PERP-INTX | 2.5590 | 0.0592 | pay 0.0074% / 1h | 36m 31s | $116K | $433K | 25x |
| Short | Binance PENDLEUSDT | 2.5508 | 0.0058 | get 0.0058% / 8h | 6h 36m | $28.0M | $34.9M | 75x |
Coinbase International PENDLE-PERP-INTX
Binance PENDLEUSDTPrice 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
- −$32.04
- Funding while held
- −$16.03
- Slippage, 4 orders
- −$37.59
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$105.66
- Spread needed to break even
- 0.576%
Slippage from Coinbase International: live order book, 3 min ago; Binance: live order book, 7 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0534%
- Per $10,000 a day
- −$16.03
- 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 Coinbase International live order book, 3 min ago | 7.85 bp | 12.8 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 7 min ago | 0.20 bp | 6.9 bp −$7 | 23.8 bp −$238 | 101.4 bp −$10.1K | doesn't fit |
PENDLE price on every exchange
against the cheapest. Click to use as the short leg.Injective2.5110cheapestApeX Omni2.5412+1.203%edgeX2.5418+1.227%Variational Omni2.5496+1.539%Aster2.5502+1.563%Bybit2.5505+1.573%Bitget2.5505+1.573%
Injective
ApeX Omni
Variational Omni
Aster
Bybit
BitgetBinance2.5508+1.585%
Gate2.5510+1.593%Extended2.5513+1.605%Lighter2.5513+1.605%MEXC2.5515+1.613%Paradex2.5519+1.628%dYdX2.5520+1.634%KuCoin2.5527+1.661%BingX2.5527+1.661%OKX2.5540+1.712%Reya2.5542+1.721%BloFin2.5543+1.724%Hyperliquid2.5548+1.744%Aevo2.5549+1.748%Deribit2.5554+1.768%Orderly2.5555+1.772%Polymarket Perps2.5556+1.776%GMX2.5557+1.779%SunX2.5575+1.852%Backpack2.5583+1.884%
Gate
Extended
Lighter
MEXC
Paradex
dYdX
KuCoin
BingX
OKX
Reya
BloFin
Hyperliquid
Aevo
Deribit
Orderly
Polymarket Perps
GMX
SunX
BackpackCoinbase International2.5590+1.912%
Kraken Futures2.5591+1.915%
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 | −1.876% | −0.4277% | 1h | $2K | $7K | 5.5x | as long as short |
| ApeX Omni PENDLEUSDT | −0.696% | +0.0100% | 1h | $78K | $238K | 50x | as long as short |
| edgeX PENDLEUSDC | −0.672% | +0.0100% | 4h | $25K | $416K | 10x | as long as short |
| Variational Omni PENDLE | −0.366% | −0.0235% | 8h | $663K | $2.2M | — | as long as short |
| Aster PENDLEUSDT | −0.342% | −0.0029% | 8h | $51K | $133K | 10x | as long as short |
| Bybit PENDLEUSDT | −0.332% | +0.0100% | 8h | $15.9M | $11.8M | 50x | as long as short |
| Bitget PENDLEUSDT | −0.332% | +0.0100% | 8h | $3.8M | $2.6M | 75x | as long as short |
| Binance PENDLEUSDTshort | −0.320% | +0.0058% | 8h | $28.0M | $34.9M | 75x | |
| Gate PENDLE_USDT | −0.313% | +0.0092% | 8h | $819K | $1.1M | 75x | as long as short |
| Extended PENDLE-USD | −0.301% | +0.0056% | 1h | $168K | $520K | 10x | as long as short |