After costs, if the gap returns to its 7d average, $10k−$112
spread now−0.505%7d average−0.042%fees + slippage, in and out−$66spread needed0.661%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International PENDLE-PERP-INTX | 2.5720 | 0.0624 | pay 0.0078% / 1h | 41m 30s | $117K | $466K | 25x |
| Short | Lighter PENDLE | 2.5590 | 0.0096 | get 0.0012% / 1h | 41m 30s | $559K | $358K | 5x |
Coinbase International PENDLE-PERP-INTX
Lighter 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
- −$50.54
- Funding while held
- −$15.84
- Slippage, 4 orders
- −$56.05
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$132.44
- Spread needed to break even
- 0.661%
Slippage from Coinbase International: live order book, 58 min ago; Lighter: live order book, 55 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0528%
- Per $10,000 a day
- −$15.84
- 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, 58 min ago | 7.85 bp | 12.8 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 55 min ago | 9.77 bp | 10.7 bp −$11 | 101.3 bp −$1,013 | doesn't fit | doesn't fit |
PENDLE price on every exchange
against the cheapest. Click to use as the short leg.Injective2.5280cheapestBybit2.5570+1.147%OKX2.5570+1.147%Extended2.5572+1.155%Binance2.5573+1.160%Paradex2.5575+1.165%MEXC2.5577+1.175%Reya2.5582+1.194%Orderly2.5584+1.203%
Injective
Bybit
OKX
Extended
Binance
Paradex
MEXC
Reya
OrderlyLighter2.5590+1.226%
GMX2.5592+1.233%BingX2.5597+1.254%Polymarket Perps2.5603+1.278%KuCoin2.5611+1.309%Bitget2.5615+1.325%Kraken Futures2.5620+1.345%Aster2.5620+1.346%Hyperliquid2.5621+1.349%SunX2.5622+1.353%Gate2.5630+1.384%Aevo2.5630+1.385%BloFin2.5631+1.388%Deribit2.5635+1.404%dYdX2.5645+1.444%edgeX2.5648+1.455%ApeX Omni2.5658+1.495%Backpack2.5670+1.543%Variational Omni2.5676+1.565%
GMX
BingX
Polymarket Perps
KuCoin
Bitget
Kraken Futures
Aster
Hyperliquid
SunX
Gate
Aevo
BloFin
Deribit
dYdX
ApeX Omni
Backpack
Variational OmniCoinbase International2.5720+1.741%
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 | −1.711% | −0.4421% | 1h | $2K | $7K | 5.5x | as long as short |
| Bybit PENDLEUSDT | −0.583% | +0.0100% | 8h | $15.9M | $12.0M | 50x | as long as short |
| OKX PENDLE-USDT-SWAP | −0.583% | +0.0100% | 4h | $3.4M | $5.4M | 50x | as long as short |
| Extended PENDLE-USD | −0.575% | +0.0072% | 1h | $169K | $519K | 10x | as long as short |
| Binance PENDLEUSDT | −0.570% | +0.0073% | 8h | $28.0M | $36.0M | 75x | as long as short |
| Paradex PENDLE-USD-PERP | −0.565% | +0.0100% | 8h | $36K | $28K | 10x | as long as short |
| MEXC PENDLE_USDT | −0.556% | +0.0073% | 8h | $17.1M | $2.1M | 125x | as long as short |
| Reya PENDLERUSDPERP | −0.537% | +0.0020% | 1h | $4K | — | 15x | as long as short |
| Orderly PERP_PENDLE_USDC | −0.529% | +0.0044% | 8h | $20K | $4K | 10x | as long as short |
| Lighter PENDLEshort | −0.505% | +0.0096% | 1h | $559K | $358K | 5x |