Spread before costs (cost unknown: a leg has no order-book sample)+0.038%
7d average—if it closes, per $10,000$4funding while held, a day+$2.76
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX PENDLE-USD | 2.5520 | 0 | get 0.0000% / 1h | 35m 54s | $11K | — | 5x |
| Short | Gate PENDLE_USDT | 2.5530 | 0.0092 | get 0.0092% / 8h | 6h 35m | $820K | $1.1M | 75x |
dYdX PENDLE-USD
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
- $3.82
- Funding while held
- $2.76
- Slippage, 4 orders
- no order book: not counted
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$18.42
- Spread needed to break even
- 0.250%
Slippage unknown: dYdX: no order-book sample; Gate: live order book, 3 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 dYdX no order-book sample | — | — | — | — | — |
| Sell Gate live order book, 3 min ago | 3.93 bp | 25.4 bp −$25 | 112.4 bp −$1,124 | doesn't fit | doesn't fit |
dYdX: 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.Injective2.5110cheapestApeX Omni2.5412+1.203%edgeX2.5418+1.227%Variational Omni2.5496+1.539%Paradex2.5519+1.628%
Injective
ApeX Omni
Variational Omni
ParadexdYdX2.5520+1.634%
Aevo2.5529+1.668%Reya2.5529+1.669%
Aevo
ReyaGate2.5530+1.673%
Orderly2.5539+1.708%Polymarket Perps2.5540+1.712%BloFin2.5543+1.724%Deribit2.5545+1.732%GMX2.5547+1.739%Aster2.5547+1.742%Lighter2.5553+1.764%KuCoin2.5563+1.804%Bybit2.5572+1.840%Extended2.5573+1.843%Bitget2.5573+1.844%OKX2.5580+1.872%SunX2.5580+1.872%Coinbase International2.5580+1.872%MEXC2.5591+1.916%BingX2.5591+1.916%Binance2.5592+1.920%Backpack2.5597+1.939%Kraken Futures2.5616+2.015%Hyperliquid2.5624+2.047%
Orderly
Polymarket Perps
BloFin
Deribit
GMX
Aster
Lighter
KuCoin
Bybit
Extended
Bitget
OKX
SunX
Coinbase International
MEXC
BingX
Binance
Backpack
Kraken Futures
HyperliquidPENDLE on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PENDLE/USDC PERP | −1.608% | −0.4277% | 1h | $2K | $7K | 5.5x | as long as short |
| ApeX Omni PENDLEUSDT | −0.424% | +0.0100% | 1h | $78K | $238K | 50x | as long as short |
| edgeX PENDLEUSDC | −0.400% | +0.0100% | 4h | $25K | $416K | 10x | as long as short |
| Variational Omni PENDLE | −0.093% | −0.0235% | 8h | $663K | $2.2M | — | as long as short |
| Paradex PENDLE-USD-PERP | −0.006% | +0.0100% | 8h | $36K | $29K | 10x | as long as short |
| dYdX PENDLE-USDlong | 0.000% | 0.0000% | 1h | $11K | — | 5x | |
| Aevo PENDLE-PERP | +0.034% | +0.0096% | 1h | $27K | — | 3x | as long as short |
| Reya PENDLERUSDPERP | +0.034% | +0.0016% | 1h | $4K | — | 15x | as long as short |
| Gate PENDLE_USDTshort | +0.038% | +0.0092% | 8h | $820K | $1.1M | 75x | |
| Orderly PERP_PENDLE_USDC | +0.073% | +0.0049% | 8h | $20K | $4K | 10x | as long as short |