Spread before costs (cost unknown: a leg has no order-book sample)−0.213%
7d average—if it closes, per $10,000$21funding while held, a day+$3.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit PENDLE_USDC-PERPETUAL | 2.5869 | 0 | get 0.0000% / 1h | 26m 56s | $30K | $11K | 10x |
| Short | BingX PENDLE-USDT | 2.5814 | 0.0100 | get 0.0100% / 8h | 7h 26m | — | $34.3M | — |
Deribit PENDLE_USDC-PERPETUAL
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
- −$21.26
- Funding while held
- $3
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$35.26
- Spread needed to break even
- 0.170%
Slippage unknown: Deribit: no order-book sample; BingX: live order book, 3 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0100%
- Per $10,000 a day
- +$3.00
- 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 Deribit no order-book sample | — | — | — | — | — |
| Sell BingX live order book, 3 min ago | 2.71 bp | 12.8 bp −$13 | 23.4 bp −$234 | 134.9 bp −$13.5K | 386.1 bp −$193.1K |
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.Injective2.5600cheapestGate2.5790+0.742%Bitget2.5790+0.742%Bybit2.5791+0.746%Extended2.5803+0.794%Binance2.5810+0.820%MEXC2.5814+0.836%
Injective
Gate
Bitget
Bybit
Extended
Binance
MEXCBingX2.5814+0.836%
OKX2.5820+0.859%Variational Omni2.5831+0.904%BloFin2.5847+0.965%KuCoin2.5848+0.969%Aevo2.5851+0.980%Paradex2.5855+0.998%ApeX Omni2.5856+1.000%Orderly2.5861+1.020%Reya2.5863+1.026%Aster2.5867+1.041%
OKX
Variational Omni
BloFin
KuCoin
Aevo
Paradex
ApeX Omni
Orderly
Reya
AsterDeribit2.5869+1.051%
GMX2.5871+1.057%edgeX2.5872+1.061%Lighter2.5874+1.070%Polymarket Perps2.5877+1.082%SunX2.5879+1.090%dYdX2.5886+1.117%Hyperliquid2.5896+1.156%Backpack2.5901+1.176%Coinbase International2.5930+1.289%Kraken Futures2.5934+1.303%
GMX
Lighter
Polymarket Perps
SunX
dYdX
Hyperliquid
Backpack
Coinbase International
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 | −1.040% | −0.1875% | 1h | $2K | $6K | 5.5x | as long as short |
| Gate PENDLE_USDT | −0.305% | +0.0100% | 8h | $820K | $1.1M | 75x | as long as short |
| Bitget PENDLEUSDT | −0.305% | +0.0100% | 8h | $3.9M | $2.6M | 75x | as long as short |
| Bybit PENDLEUSDT | −0.302% | −0.0134% | 8h | $16.1M | $11.9M | 50x | as long as short |
| Extended PENDLE-USD | −0.254% | +0.0104% | 1h | $170K | $520K | 10x | as long as short |
| Binance PENDLEUSDT | −0.228% | +0.0100% | 8h | $28.7M | $33.8M | 75x | as long as short |
| MEXC PENDLE_USDT | −0.213% | +0.0100% | 8h | $16.8M | $2.1M | 125x | as long as short |
| BingX PENDLE-USDTshort | −0.213% | +0.0100% | 8h | — | $34.3M | — | |
| OKX PENDLE-USDT-SWAP | −0.189% | +0.0100% | 4h | $3.2M | $5.0M | 50x | as long as short |
| Variational Omni PENDLE | −0.145% | −0.0270% | 8h | $670K | $2.3M | — | as long as short |