Spread before costs (cost unknown: a leg has no order-book sample)−0.195%
7d average+0.095%if it closes, per $10,000$20funding while held, a day+$39.89
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International PENDLE-PERP-INTX | 2.5700 | 0.0432 | pay 0.0054% / 1h | 14m 41s | $115K | $433K | 25x |
| Short | Kraken Futures PF_PENDLEUSD | 2.5650 | 0.1762 | get 0.0220% / 1h | 14m 41s | $157K | $266K | 20x |
Coinbase International PENDLE-PERP-INTX
Kraken Futures PF_PENDLEUSDPrice 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
- −$19.53
- Funding while held
- $39.89
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $0.36
- Spread needed to break even
- 0.200%
Slippage unknown: Coinbase International: live order book, 30 min ago; Kraken Futures: live order book, 29 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.1330%
- Per $10,000 a day
- +$39.89
- 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, 30 min ago | 17.27 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 29 min ago | 15.37 bp | 48.8 bp −$49 | doesn't fit | doesn't fit | doesn't fit |
PENDLE price on every exchange
against the cheapest. Click to use as the short leg.Injective2.5320cheapestBybit2.5551+0.912%Bitget2.5557+0.936%Gate2.5560+0.948%Extended2.5561+0.950%Paradex2.5566+0.973%Binance2.5568+0.979%OKX2.5570+0.987%BingX2.5571+0.991%KuCoin2.5573+0.999%BloFin2.5578+1.019%MEXC2.5579+1.023%edgeX2.5587+1.053%Lighter2.5587+1.055%ApeX Omni2.5587+1.055%Aevo2.5593+1.078%Orderly2.5600+1.106%Aster2.5602+1.112%GMX2.5603+1.117%Deribit2.5603+1.118%Reya2.5605+1.127%Polymarket Perps2.5608+1.137%dYdX2.5611+1.148%SunX2.5614+1.161%Variational Omni2.5626+1.210%Backpack2.5631+1.228%Hyperliquid2.5632+1.232%
Injective
Bybit
Bitget
Gate
Extended
Paradex
Binance
OKX
BingX
KuCoin
BloFin
MEXC
Lighter
ApeX Omni
Aevo
Orderly
Aster
GMX
Deribit
Reya
Polymarket Perps
dYdX
SunX
Variational Omni
Backpack
HyperliquidKraken Futures2.5650+1.303%
Coinbase International2.5700+1.501%
PENDLE on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PENDLE/USDC PERP | −1.479% | −0.1875% | 1h | $2K | $6K | 5.5x | as long as short |
| Bybit PENDLEUSDT | −0.580% | −0.0185% | 8h | $16.0M | $11.8M | 50x | as long as short |
| Bitget PENDLEUSDT | −0.556% | +0.0100% | 8h | $3.8M | $2.6M | 75x | as long as short |
| Gate PENDLE_USDT | −0.545% | +0.0100% | 8h | $817K | $1.1M | 75x | as long as short |
| Extended PENDLE-USD | −0.543% | +0.0088% | 1h | $168K | $520K | 10x | as long as short |
| Paradex PENDLE-USD-PERP | −0.520% | +0.0100% | 8h | $36K | $30K | 10x | as long as short |
| Binance PENDLEUSDT | −0.514% | +0.0086% | 8h | $28.3M | $34.0M | 75x | as long as short |
| OKX PENDLE-USDT-SWAP | −0.506% | +0.0100% | 4h | $3.3M | $5.1M | 50x | as long as short |
| BingX PENDLE-USDT | −0.502% | +0.0100% | 8h | — | $34.3M | — | as long as short |
| KuCoin PENDLEUSDTM | −0.494% | +0.0100% | 8h | $926K | $554K | 50x | as long as short |