Spread before costs (cost unknown: a leg has no order-book sample)+0.186%
7d average—if it closes, per $10,000$19funding 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 | 2.5600 | 0 | get 0.0000% / 1h | 39m 30s | $30K | $11K | 10x |
| Short | edgeX PENDLEUSDC | 2.5648 | 0.0100 | get 0.0050% / 4h | 1h 39m | $25K | $414K | 10x |
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
- $18.63
- Funding while held
- $3
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $5.63
- Spread needed to break even
- 0.160%
Slippage unknown: Deribit: no order-book sample; edgeX: live order book, 60 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 edgeX live order book, 60 min ago | 2.36 bp | 7.8 bp −$8 | 64.9 bp −$649 | doesn't fit | doesn't fit |
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.Injective2.5280cheapestExtended2.5564+1.125%Paradex2.5565+1.129%BloFin2.5566+1.131%Bitget2.5568+1.139%MEXC2.5572+1.155%Variational Omni2.5576+1.171%Reya2.5577+1.175%SunX2.5579+1.183%Bybit2.5580+1.187%Gate2.5580+1.187%BingX2.5581+1.191%Aevo2.5589+1.222%Kraken Futures2.5589+1.222%Binance2.5589+1.222%Lighter2.5594+1.242%Orderly2.5594+1.242%OKX2.5600+1.266%
Injective
Extended
Paradex
BloFin
Bitget
MEXC
Variational Omni
Reya
SunX
Bybit
Gate
BingX
Aevo
Kraken Futures
Binance
Lighter
Orderly
OKXDeribit2.5600+1.266%
KuCoin2.5602+1.274%Polymarket Perps2.5604+1.282%GMX2.5609+1.300%Aster2.5612+1.314%dYdX2.5620+1.345%Hyperliquid2.5627+1.373%Backpack2.5635+1.404%ApeX Omni2.5658+1.495%Coinbase International2.5720+1.741%
KuCoin
Polymarket Perps
GMX
Aster
dYdX
Hyperliquid
Backpack
ApeX Omni
Coinbase InternationalPENDLE on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PENDLE/USDC PERP | −1.250% | −0.4421% | 1h | $2K | $7K | 5.5x | as long as short |
| Extended PENDLE-USD | −0.139% | +0.0072% | 1h | $169K | $519K | 10x | as long as short |
| Paradex PENDLE-USD-PERP | −0.135% | +0.0100% | 8h | $36K | $28K | 10x | as long as short |
| BloFin PENDLE-USDT | −0.133% | +0.0075% | 8h | $1.4M | $823K | 75x | as long as short |
| Bitget PENDLEUSDT | −0.125% | +0.0100% | 8h | $3.9M | $2.7M | 75x | as long as short |
| MEXC PENDLE_USDT | −0.109% | +0.0071% | 8h | $17.1M | $2.1M | 125x | as long as short |
| Variational Omni PENDLE | −0.093% | −0.0127% | 8h | $660K | $2.2M | — | as long as short |
| Reya PENDLERUSDPERP | −0.089% | +0.0020% | 1h | $4K | — | 15x | as long as short |
| SunX PENDLE-USDT | −0.082% | +0.0100% | 8h | $2K | $1.6M | 20x | as long as short |
| Bybit PENDLEUSDT | −0.078% | +0.0100% | 8h | $16.0M | $12.0M | 50x | as long as short |