Spread before costs (cost unknown: a leg has no order-book sample)−0.291%
7d average—if it closes, per $10,000$29funding while held, a day−$0.30
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit PENDLE_USDC-PERPETUAL | 2.6106 | 0 | get 0.0000% / 1h | 18m 52s | $31K | $10K | 10x |
| Short | Gate PENDLE_USDT | 2.6030 | −0.0010 | pay 0.0010% / 8h | 18m 52s | $809K | $1.1M | 75x |
Deribit PENDLE_USDC-PERPETUAL
Gate 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
- −$29.11
- Funding while held
- −$0.3
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$51.41
- Spread needed to break even
- 0.220%
Slippage unknown: Deribit: no order-book sample; Gate: live order book, 5 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0010%
- Per $10,000 a day
- −$0.30
- 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 Gate live order book, 5 min ago | 3.83 bp | 21.7 bp −$22 | 145.3 bp −$1,453 | 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.Injective2.5940cheapestBybit2.6020+0.308%
Injective
BybitGate2.6030+0.347%
Bitget2.6031+0.351%Extended2.6033+0.360%BingX2.6044+0.401%OKX2.6050+0.424%Binance2.6052+0.432%KuCoin2.6056+0.447%MEXC2.6057+0.451%BloFin2.6064+0.478%Variational Omni2.6073+0.512%Aster2.6078+0.531%Hyperliquid2.6084+0.555%Backpack2.6099+0.613%Aevo2.6102+0.626%Lighter2.6104+0.632%
Bitget
Extended
BingX
OKX
Binance
KuCoin
MEXC
BloFin
Variational Omni
Aster
Hyperliquid
Backpack
Aevo
LighterDeribit2.6106+0.640%
Orderly2.6124+0.709%Paradex2.6128+0.724%Reya2.6129+0.729%Polymarket Perps2.6131+0.736%ApeX Omni2.6132+0.740%edgeX2.6141+0.776%GMX2.6145+0.791%Kraken Futures2.6150+0.809%Coinbase International2.6160+0.848%dYdX2.6167+0.876%SunX2.6172+0.894%
Orderly
Paradex
Reya
Polymarket Perps
ApeX Omni
GMX
Kraken Futures
Coinbase International
dYdX
SunXPENDLE on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PENDLE/USDC PERP | −0.636% | −0.1178% | 1h | $2K | $6K | 5.5x | as long as short |
| Bybit PENDLEUSDT | −0.329% | −0.0237% | 8h | $16.2M | $11.4M | 50x | as long as short |
| Gate PENDLE_USDTshort | −0.291% | −0.0010% | 8h | $809K | $1.1M | 75x | |
| Bitget PENDLEUSDT | −0.287% | +0.0100% | 8h | $3.9M | $2.6M | 75x | as long as short |
| Extended PENDLE-USD | −0.278% | +0.0104% | 1h | $172K | $520K | 10x | as long as short |
| BingX PENDLE-USDT | −0.237% | +0.0100% | 8h | — | $34.2M | — | as long as short |
| OKX PENDLE-USDT-SWAP | −0.215% | +0.0100% | 4h | $3.2M | $4.8M | 50x | as long as short |
| Binance PENDLEUSDT | −0.207% | +0.0100% | 8h | $29.0M | $32.8M | 75x | as long as short |
| KuCoin PENDLEUSDTM | −0.192% | +0.0100% | 8h | $1.0M | $484K | 50x | as long as short |
| MEXC PENDLE_USDT | −0.188% | +0.0100% | 8h | $16.9M | $2.1M | 125x | as long as short |