Spread before costs (cost unknown: a leg has no order-book sample)+0.196%
7d average—if it closes, per $10,000$20funding while held, a day+$3.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX PENDLE-USD | 2.6586 | 0 | get 0.0000% / 1h | 7m 13s | $11K | — | 5x |
| Short | Hyperliquid PENDLE | 2.6638 | 0.0100 | get 0.0013% / 1h | 7m 13s | $12.6M | $5.0M | 5x |
dYdX PENDLE-USD
Hyperliquid PENDLEPrice 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
- $19.56
- Funding while held
- $3
- Slippage, 4 orders
- no order book: not counted
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $3.56
- Spread needed to break even
- 0.190%
Slippage unknown: dYdX: no order-book sample; Hyperliquid: live order book, 7 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 dYdX no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 7 min ago | 1.89 bp | 8.3 bp −$8 | doesn't fit | 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.Variational Omni2.6424cheapestApeX Omni2.6445+0.078%Injective2.6500+0.286%edgeX2.6505+0.306%Bybit2.6560+0.513%Paradex2.6571+0.555%BloFin2.6573+0.563%Extended2.6574+0.568%OKX2.6580+0.589%Gate2.6580+0.589%Polymarket Perps2.6584+0.604%Orderly2.6586+0.612%
Variational Omni
ApeX Omni
Injective
Bybit
Paradex
BloFin
Extended
OKX
Gate
Polymarket Perps
OrderlydYdX2.6586+0.612%
Bitget2.6589+0.623%Reya2.6589+0.624%BingX2.6593+0.638%GMX2.6594+0.642%Binance2.6594+0.642%MEXC2.6594+0.642%Aevo2.6594+0.644%KuCoin2.6598+0.657%Deribit2.6598+0.657%Aster2.6604+0.680%Lighter2.6609+0.699%SunX2.6612+0.710%Backpack2.6638+0.809%
Bitget
Reya
BingX
GMX
Binance
MEXC
Aevo
KuCoin
Deribit
Aster
Lighter
SunX
BackpackHyperliquid2.6638+0.809%
Coinbase International2.6650+0.854%Kraken Futures2.6665+0.911%
Coinbase International
Kraken FuturesPENDLE on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni PENDLE | −0.608% | −0.0227% | 8h | $880K | $2.1M | — | as long as short |
| ApeX Omni PENDLEUSDT | −0.530% | +0.0002% | 1h | $80K | $234K | 50x | as long as short |
| Injective PENDLE/USDC PERP | −0.324% | −0.3627% | 1h | $3K | $52K | 5.5x | as long as short |
| edgeX PENDLEUSDC | −0.304% | +0.0100% | 4h | $26K | $415K | 10x | as long as short |
| Bybit PENDLEUSDT | −0.098% | −0.0197% | 8h | $16.5M | $11.3M | 50x | as long as short |
| Paradex PENDLE-USD-PERP | −0.057% | +0.0100% | 8h | $37K | $31K | 10x | as long as short |
| BloFin PENDLE-USDT | −0.049% | +0.0125% | 8h | $1.5M | $837K | 75x | as long as short |
| Extended PENDLE-USD | −0.044% | +0.0104% | 1h | $175K | $520K | 10x | as long as short |
| OKX PENDLE-USDT-SWAP | −0.023% | +0.0100% | 4h | $3.3M | $4.8M | 50x | as long as short |
| Gate PENDLE_USDT | −0.023% | −0.0030% | 8h | $830K | $1.0M | 75x | as long as short |