Spread before costs (cost unknown: a leg has no order-book sample)+0.004%
7d average—if it closes, per $10,000$0funding while held, a day+$2.76
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit PENDLE_USDC-PERPETUAL | 2.5588 | 0 | get 0.0000% / 1h | 18m 14s | $30K | $11K | 10x |
| Short | MEXC PENDLE_USDT | 2.5589 | 0.0092 | get 0.0092% / 8h | 7h 18m | $16.8M | $2.1M | 125x |
Deribit PENDLE_USDC-PERPETUAL
MEXC 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
- $0.39
- Funding while held
- $2.76
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$7.85
- Spread needed to break even
- 0.110%
Slippage unknown: Deribit: no order-book sample; MEXC: live order book, 2 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0092%
- Per $10,000 a day
- +$2.76
- 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 MEXC live order book, 2 min ago | 1.76 bp | 5.9 bp −$6 | 25.1 bp −$251 | 95.9 bp −$9,589 | 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.Bybit2.5570cheapestBitget2.5570cheapestBinance2.5579+0.034%Aevo2.5579+0.035%Extended2.5580+0.040%BingX2.5583+0.051%Kraken Futures2.5584+0.055%Paradex2.5586+0.063%Orderly2.5588+0.070%
Bybit
Bitget
Binance
Aevo
Extended
BingX
Kraken Futures
Paradex
OrderlyDeribit2.5588+0.070%
MEXC2.5589+0.074%
OKX2.5590+0.078%Reya2.5592+0.085%Polymarket Perps2.5594+0.094%Lighter2.5595+0.098%BloFin2.5598+0.110%Gate2.5600+0.117%Injective2.5600+0.117%Aster2.5602+0.126%SunX2.5603+0.129%GMX2.5605+0.138%KuCoin2.5615+0.176%Hyperliquid2.5645+0.293%dYdX2.5645+0.293%Backpack2.5649+0.309%Coinbase International2.5650+0.313%Variational Omni2.5666+0.375%ApeX Omni2.5677+0.418%edgeX2.5777+0.808%
OKX
Reya
Polymarket Perps
Lighter
BloFin
Gate
Injective
Aster
SunX
GMX
KuCoin
Hyperliquid
dYdX
Backpack
Coinbase International
Variational Omni
ApeX OmniPENDLE on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit PENDLEUSDT | −0.070% | −0.0186% | 8h | $16.0M | $11.9M | 50x | as long as short |
| Bitget PENDLEUSDT | −0.070% | +0.0100% | 8h | $3.8M | $2.6M | 75x | as long as short |
| Binance PENDLEUSDT | −0.036% | +0.0089% | 8h | $28.4M | $34.0M | 75x | as long as short |
| Aevo PENDLE-PERP | −0.035% | +0.0104% | 1h | $27K | — | 3x | as long as short |
| Extended PENDLE-USD | −0.030% | +0.0088% | 1h | $168K | $520K | 10x | as long as short |
| BingX PENDLE-USDT | −0.020% | +0.0100% | 8h | — | $34.2M | — | as long as short |
| Kraken Futures PF_PENDLEUSD | −0.016% | +0.1766% | 1h | $143K | $252K | 20x | as long as short |
| Paradex PENDLE-USD-PERP | −0.007% | +0.0100% | 8h | $36K | $30K | 10x | as long as short |
| Orderly PERP_PENDLE_USDC | 0.000% | +0.0053% | 8h | $20K | $4K | 10x | as long as short |
| Deribit PENDLE_USDC-PERPETUALlong | 0.000% | 0.0000% | 1h | $30K | $11K | 10x |