Spread before costs (cost unknown: a leg has no order-book sample)−0.042%
7d average—if it closes, per $10,000$4funding while held, a day+$1.67
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit PENDLE_USDC-PERPETUAL | 2.6179 | 0 | get 0.0000% / 1h | 10m 39s | $31K | $10K | 10x |
| Short | Orderly PERP_PENDLE_USDC | 2.6168 | 0.0056 | get 0.0056% / 8h | 10m 39s | $21K | $4K | 10x |
Deribit PENDLE_USDC-PERPETUAL
Orderly PERP_PENDLE_USDCPrice 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
- −$4.2
- Funding while held
- $1.67
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$15.53
- Spread needed to break even
- 0.130%
Slippage unknown: Deribit: no order-book sample; Orderly: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0056%
- Per $10,000 a day
- +$1.67
- 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 Orderly no order-book sample | — | — | — | — | — |
Deribit and Orderly: 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.Injective2.5790cheapestBybit2.6120+1.280%OKX2.6120+1.280%Paradex2.6121+1.283%Variational Omni2.6124+1.294%ApeX Omni2.6126+1.303%Binance2.6141+1.361%Polymarket Perps2.6142+1.365%MEXC2.6146+1.380%Lighter2.6149+1.392%Gate2.6150+1.396%KuCoin2.6153+1.408%Extended2.6154+1.410%BingX2.6155+1.415%edgeX2.6159+1.430%Bitget2.6159+1.431%Reya2.6159+1.433%Aevo2.6167+1.461%dYdX2.6167+1.462%BloFin2.6167+1.462%
Injective
Bybit
OKX
Paradex
Variational Omni
ApeX Omni
Binance
Polymarket Perps
MEXC
Lighter
Gate
KuCoin
Extended
BingX
Bitget
Reya
Aevo
dYdX
BloFinOrderly2.6168+1.466%
SunX2.6169+1.470%Coinbase International2.6170+1.473%Aster2.6175+1.492%GMX2.6179+1.507%
SunX
Coinbase International
Aster
GMXDeribit2.6179+1.508%
Hyperliquid2.6188+1.543%Backpack2.6216+1.652%Kraken Futures2.6218+1.660%
Hyperliquid
Backpack
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 | −1.486% | −0.1178% | 1h | $2K | $6K | 5.5x | as long as short |
| Bybit PENDLEUSDT | −0.225% | −0.0247% | 8h | $16.3M | $11.5M | 50x | as long as short |
| OKX PENDLE-USDT-SWAP | −0.225% | +0.0100% | 4h | $3.2M | $4.8M | 50x | as long as short |
| Paradex PENDLE-USD-PERP | −0.222% | +0.0100% | 8h | $37K | $30K | 10x | as long as short |
| Variational Omni PENDLE | −0.211% | −0.0285% | 8h | $820K | $2.2M | — | as long as short |
| ApeX Omni PENDLEUSDT | −0.202% | +0.0100% | 1h | $79K | $236K | 50x | as long as short |
| Binance PENDLEUSDT | −0.145% | +0.0100% | 8h | $29.1M | $32.8M | 75x | as long as short |
| Polymarket Perps PENDLE-USD | −0.141% | −0.0023% | 1h | $18K | $53K | 5x | as long as short |
| MEXC PENDLE_USDT | −0.126% | +0.0100% | 8h | $17.0M | $2.1M | 125x | as long as short |
| Lighter PENDLE | −0.115% | +0.0096% | 1h | $569K | $359K | 5x | as long as short |