Spread before costs (cost unknown: a leg has no order-book sample)−0.137%
7d average—if it closes, per $10,000$14funding while held, a day−$17.76
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International PENDLE-PERP-INTX | 2.5580 | 0.0592 | pay 0.0074% / 1h | 35m 38s | $115K | $433K | 25x |
| Short | Deribit PENDLE_USDC-PERPETUAL | 2.5545 | 0 | get 0.0000% / 1h | 35m 38s | $30K | $11K | 10x |
Coinbase International PENDLE-PERP-INTX
Deribit PENDLE_USDC-PERPETUALPrice 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
- −$13.68
- Funding while held
- −$17.76
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$48.44
- Spread needed to break even
- 0.170%
Slippage unknown: Coinbase International: live order book, 4 min ago; Deribit: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0592%
- Per $10,000 a day
- −$17.76
- 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, 4 min ago | 7.85 bp | 12.8 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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.Injective2.5110cheapestApeX Omni2.5412+1.203%edgeX2.5418+1.227%Variational Omni2.5496+1.539%Aevo2.5529+1.668%Reya2.5529+1.669%Orderly2.5539+1.708%Polymarket Perps2.5540+1.712%BloFin2.5543+1.724%
Injective
ApeX Omni
Variational Omni
Aevo
Reya
Orderly
Polymarket Perps
BloFinDeribit2.5545+1.732%
GMX2.5547+1.739%KuCoin2.5565+1.812%Bybit2.5570+1.832%Gate2.5570+1.832%dYdX2.5574+1.847%Bitget2.5576+1.856%Aster2.5576+1.856%SunX2.5580+1.872%
GMX
KuCoin
Bybit
Gate
dYdX
Bitget
Aster
SunXCoinbase International2.5580+1.872%
MEXC2.5587+1.900%Binance2.5589+1.906%Extended2.5590+1.911%BingX2.5592+1.920%Lighter2.5597+1.939%Backpack2.5597+1.939%OKX2.5600+1.951%Paradex2.5600+1.952%Kraken Futures2.5616+2.015%Hyperliquid2.5624+2.047%
MEXC
Binance
Extended
BingX
Lighter
Backpack
OKX
Paradex
Kraken Futures
HyperliquidPENDLE on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PENDLE/USDC PERP | −1.837% | −0.4277% | 1h | $2K | $7K | 5.5x | as long as short |
| ApeX Omni PENDLEUSDT | −0.657% | +0.0100% | 1h | $78K | $238K | 50x | as long as short |
| edgeX PENDLEUSDC | −0.633% | +0.0100% | 4h | $25K | $416K | 10x | as long as short |
| Variational Omni PENDLE | −0.327% | −0.0235% | 8h | $663K | $2.2M | — | as long as short |
| Aevo PENDLE-PERP | −0.200% | +0.0096% | 1h | $27K | — | 3x | as long as short |
| Reya PENDLERUSDPERP | −0.199% | +0.0016% | 1h | $4K | — | 15x | as long as short |
| Orderly PERP_PENDLE_USDC | −0.160% | +0.0049% | 8h | $20K | $4K | 10x | as long as short |
| Polymarket Perps PENDLE-USD | −0.156% | +0.0100% | 1h | $16K | $30K | 5x | as long as short |
| BloFin PENDLE-USDT | −0.145% | +0.0044% | 8h | $1.4M | $848K | 75x | as long as short |
| Deribit PENDLE_USDC-PERPETUALshort | −0.137% | 0.0000% | 1h | $30K | $11K | 10x |