After costs, if the gap returns to its 7d average, $10k−$61
spread now−0.035%7d average−0.081%fees + slippage, in and out−$66spread needed0.656%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International PENDLE-PERP-INTX | 2.5530 | 0.0576 | pay 0.0072% / 1h | 58m 08s | $118K | $440K | 25x |
| Short | BingX PENDLE-USDT | 2.5521 | 0.0100 | get 0.0100% / 8h | 4h 58m | — | $34.3M | — |
Coinbase International PENDLE-PERP-INTX
BingX PENDLE-USDTPrice 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
- −$3.53
- Funding while held
- −$14.28
- Slippage, 4 orders
- −$45.58
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$83.38
- Spread needed to break even
- 0.656%
Slippage from Coinbase International: live order book, 36 min ago; BingX: live order book, 2 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0476%
- Per $10,000 a day
- −$14.28
- 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, 36 min ago | 9.78 bp | 18.6 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 2 min ago | 2.35 bp | 9.5 bp −$9 | 22.4 bp −$224 | 97.9 bp −$9,785 | 394.1 bp −$197.0K |
PENDLE price on every exchange
against the cheapest. Click to use as the short leg.Gate2.5490cheapestVariational Omni2.5496+0.022%edgeX2.5496+0.022%Paradex2.5502+0.046%Aster2.5502+0.048%ApeX Omni2.5509+0.075%Bybit2.5510+0.078%Bitget2.5511+0.082%dYdX2.5517+0.107%Binance2.5519+0.114%MEXC2.5519+0.114%Extended2.5519+0.115%OKX2.5520+0.118%
Gate
Variational Omni
Paradex
Aster
ApeX Omni
Bybit
Bitget
dYdX
Binance
MEXC
Extended
OKXBingX2.5521+0.122%
Aevo2.5524+0.131%Kraken Futures2.5524+0.133%KuCoin2.5525+0.137%BloFin2.5525+0.137%Reya2.5528+0.149%Lighter2.5530+0.157%
Aevo
Kraken Futures
KuCoin
BloFin
Reya
LighterCoinbase International2.5530+0.157%
SunX2.5534+0.173%Orderly2.5535+0.177%Deribit2.5535+0.177%GMX2.5537+0.184%Polymarket Perps2.5544+0.212%Hyperliquid2.5548+0.228%Backpack2.5575+0.333%Injective2.5690+0.785%
SunX
Orderly
Deribit
GMX
Polymarket Perps
Hyperliquid
Backpack
InjectivePENDLE on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate PENDLE_USDT | −0.157% | +0.0100% | 8h | $818K | $1.0M | 75x | as long as short |
| Variational Omni PENDLE | −0.135% | −0.0065% | 8h | $659K | $2.2M | — | as long as short |
| edgeX PENDLEUSDC | −0.134% | +0.0100% | 4h | $25K | $417K | 10x | as long as short |
| Paradex PENDLE-USD-PERP | −0.110% | +0.0100% | 8h | $36K | $28K | 10x | as long as short |
| Aster PENDLEUSDT | −0.109% | −0.0007% | 8h | $52K | $141K | 10x | as long as short |
| ApeX Omni PENDLEUSDT | −0.082% | +0.0100% | 1h | $78K | $237K | 50x | as long as short |
| Bybit PENDLEUSDT | −0.078% | +0.0100% | 8h | $15.9M | $11.9M | 50x | as long as short |
| Bitget PENDLEUSDT | −0.074% | +0.0100% | 8h | $3.8M | $2.6M | 75x | as long as short |
| dYdX PENDLE-USD | −0.050% | 0.0000% | 1h | $11K | — | 5x | as long as short |
| Binance PENDLEUSDT | −0.043% | +0.0062% | 8h | $28.0M | $36.4M | 75x | as long as short |