Spread before costs (cost unknown: a leg has no order-book sample)−0.106%
7d average—if it closes, per $10,000$11funding 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 | 2.5540 | 0 | get 0.0000% / 1h | 31m 45s | $30K | $11K | 10x |
| Short | SunX PENDLE-USDT | 2.5513 | 0.0100 | get 0.0100% / 8h | 5h 31m | $2K | $1.6M | 20x |
Deribit PENDLE_USDC-PERPETUAL
SunX 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
- −$10.57
- Funding while held
- $3
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee SunX: 5 bp × 2 orders
- −$10
- Net
- −$24.57
- Spread needed to break even
- 0.170%
Slippage unknown: Deribit: no order-book sample; SunX: live order book, 10 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 SunX live order book, 10 min ago | 495.37 bp | doesn't fit | doesn't fit | 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.Injective2.5280cheapestParadex2.5500+0.871%BloFin2.5504+0.886%Bitget2.5508+0.902%Bybit2.5510+0.910%Binance2.5512+0.917%MEXC2.5512+0.918%BingX2.5513+0.922%
Injective
Paradex
BloFin
Bitget
Bybit
Binance
MEXC
BingXSunX2.5513+0.922%
Extended2.5514+0.924%OKX2.5520+0.949%Reya2.5520+0.950%Lighter2.5521+0.953%Aevo2.5523+0.962%edgeX2.5525+0.971%KuCoin2.5527+0.977%ApeX Omni2.5529+0.985%Gate2.5530+0.989%dYdX2.5534+1.006%Orderly2.5535+1.009%GMX2.5537+1.016%Aster2.5538+1.019%Kraken Futures2.5539+1.026%
Extended
OKX
Reya
Lighter
Aevo
KuCoin
ApeX Omni
Gate
dYdX
Orderly
GMX
Aster
Kraken FuturesDeribit2.5540+1.028%
Variational Omni2.5546+1.052%Polymarket Perps2.5546+1.052%Hyperliquid2.5560+1.108%Backpack2.5571+1.151%Coinbase International2.5580+1.187%
Variational Omni
Polymarket Perps
Hyperliquid
Backpack
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 | −1.018% | −0.4421% | 1h | $2K | $7K | 5.5x | as long as short |
| Paradex PENDLE-USD-PERP | −0.155% | +0.0100% | 8h | $36K | $28K | 10x | as long as short |
| BloFin PENDLE-USDT | −0.141% | +0.0082% | 8h | $1.4M | $822K | 75x | as long as short |
| Bitget PENDLEUSDT | −0.125% | +0.0100% | 8h | $3.9M | $2.6M | 75x | as long as short |
| Bybit PENDLEUSDT | −0.117% | +0.0100% | 8h | $15.9M | $11.9M | 50x | as long as short |
| Binance PENDLEUSDT | −0.111% | +0.0061% | 8h | $28.0M | $36.0M | 75x | as long as short |
| MEXC PENDLE_USDT | −0.110% | +0.0061% | 8h | $17.1M | $2.1M | 125x | as long as short |
| BingX PENDLE-USDT | −0.106% | +0.0100% | 8h | — | $34.3M | — | as long as short |
| SunX PENDLE-USDTshort | −0.106% | +0.0100% | 8h | $2K | $1.6M | 20x | |
| Extended PENDLE-USD | −0.103% | +0.0064% | 1h | $168K | $519K | 10x | as long as short |