Spread before costs (cost unknown: a leg has no order-book sample)−0.155%
7d average—if it closes, per $10,000$15funding while held, a day+$8.16
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX PENDLE-USD | 2.5645 | 0 | get 0.0000% / 1h | 17m 58s | $11K | — | 5x |
| Short | GMX PENDLE/USD [PENDLE-USDC] | 2.5605 | L +0.0200% / S −0.0272% | get 0.0034% / 1h | 17m 58s | $5K | — | 100x |
dYdX PENDLE-USD
GMX PENDLE/USD [PENDLE-USDC]Price 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
- −$15.46
- Funding while held
- $8.16
- Slippage, 4 orders
- no order book: not counted
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$29.29
- Spread needed to break even
- 0.220%
Slippage unknown: dYdX: no order-book sample; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0272%
- Per $10,000 a day
- +$8.16
- 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 GMX no order-book sample | — | — | — | — | — |
dYdX and GMX: 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.Aevo2.5579cheapestBybit2.5580+0.004%Kraken Futures2.5584+0.020%Paradex2.5586+0.028%Orderly2.5588+0.035%Deribit2.5588+0.035%Bitget2.5591+0.047%Reya2.5592+0.050%Polymarket Perps2.5594+0.059%Lighter2.5595+0.063%Extended2.5597+0.072%BloFin2.5598+0.074%Binance2.5599+0.079%Gate2.5600+0.082%Injective2.5600+0.082%Aster2.5601+0.086%SunX2.5603+0.094%BingX2.5605+0.102%
Aevo
Bybit
Kraken Futures
Paradex
Orderly
Deribit
Bitget
Reya
Polymarket Perps
Lighter
Extended
BloFin
Binance
Gate
Injective
Aster
SunX
BingXGMX2.5605+0.103%
MEXC2.5606+0.106%OKX2.5610+0.121%KuCoin2.5626+0.184%Hyperliquid2.5637+0.228%
MEXC
OKX
KuCoin
HyperliquiddYdX2.5645+0.258%
Coinbase International2.5650+0.278%Backpack2.5655+0.297%Variational Omni2.5666+0.340%ApeX Omni2.5677+0.383%edgeX2.5777+0.773%
Coinbase International
Backpack
Variational Omni
ApeX OmniPENDLE on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aevo PENDLE-PERP | −0.257% | +0.0104% | 1h | $27K | — | 3x | as long as short |
| Bybit PENDLEUSDT | −0.253% | −0.0186% | 8h | $16.0M | $11.9M | 50x | as long as short |
| Kraken Futures PF_PENDLEUSD | −0.238% | +0.1766% | 1h | $143K | $252K | 20x | as long as short |
| Paradex PENDLE-USD-PERP | −0.229% | +0.0100% | 8h | $36K | $30K | 10x | as long as short |
| Orderly PERP_PENDLE_USDC | −0.222% | +0.0053% | 8h | $20K | $4K | 10x | as long as short |
| Deribit PENDLE_USDC-PERPETUAL | −0.222% | 0.0000% | 1h | $30K | $11K | 10x | as long as short |
| Bitget PENDLEUSDT | −0.211% | +0.0100% | 8h | $3.8M | $2.6M | 75x | as long as short |
| Reya PENDLERUSDPERP | −0.208% | +0.0012% | 1h | $4K | — | 15x | as long as short |
| Polymarket Perps PENDLE-USD | −0.199% | +0.0100% | 1h | $16K | $39K | 5x | as long as short |
| Lighter PENDLE | −0.195% | +0.0096% | 1h | $559K | $357K | 5x | as long as short |