Spread before costs (cost unknown: a leg has no order-book sample)−0.032%
7d average—if it closes, per $10,000$3funding while held, a day+$43.09
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX PENDLE-USD | 2.5428 | 0 | get 0.0000% / 1h | 22m 20s | $11K | — | 5x |
| Short | Kraken Futures PF_PENDLEUSD | 2.5420 | 0.1436 | get 0.0180% / 1h | 22m 20s | $158K | $251K | 20x |
dYdX PENDLE-USD
Kraken Futures PF_PENDLEUSDPrice 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
- −$3.17
- Funding while held
- $43.09
- Slippage, 4 orders
- no order book: not counted
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $19.91
- Spread needed to break even
- 0.200%
Slippage unknown: dYdX: no order-book sample; Kraken Futures: live order book, 12 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.1436%
- Per $10,000 a day
- +$43.09
- 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 Kraken Futures live order book, 12 min ago | 5.87 bp | 57.3 bp −$57 | 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.Injective2.5280cheapestBybit2.5382+0.403%Extended2.5390+0.436%BingX2.5394+0.451%Reya2.5395+0.456%Bitget2.5396+0.459%MEXC2.5400+0.475%Paradex2.5406+0.499%Binance2.5408+0.506%OKX2.5410+0.514%Gate2.5410+0.514%Aster2.5411+0.518%Aevo2.5411+0.518%BloFin2.5412+0.522%KuCoin2.5415+0.534%Orderly2.5415+0.534%
Injective
Bybit
Extended
BingX
Reya
Bitget
MEXC
Paradex
Binance
OKX
Gate
Aster
Aevo
BloFin
KuCoin
OrderlyKraken Futures2.5420+0.554%
Lighter2.5420+0.554%Polymarket Perps2.5420+0.554%Deribit2.5423+0.566%GMX2.5423+0.566%edgeX2.5426+0.578%SunX2.5427+0.581%
Lighter
Polymarket Perps
Deribit
GMX
SunXdYdX2.5428+0.586%
Coinbase International2.5430+0.593%Hyperliquid2.5437+0.621%ApeX Omni2.5438+0.625%Variational Omni2.5446+0.657%Backpack2.5467+0.740%
Coinbase International
Hyperliquid
ApeX Omni
Variational Omni
BackpackPENDLE on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PENDLE/USDC PERP | −0.582% | −0.4421% | 1h | $2K | $7K | 5.5x | as long as short |
| Bybit PENDLEUSDT | −0.181% | +0.0100% | 8h | $15.8M | $11.9M | 50x | as long as short |
| Extended PENDLE-USD | −0.149% | +0.0048% | 1h | $167K | $519K | 10x | as long as short |
| BingX PENDLE-USDT | −0.134% | +0.0100% | 8h | — | $34.2M | — | as long as short |
| Reya PENDLERUSDPERP | −0.129% | +0.0021% | 1h | $4K | — | 15x | as long as short |
| Bitget PENDLEUSDT | −0.126% | +0.0100% | 8h | $3.9M | $2.6M | 75x | as long as short |
| MEXC PENDLE_USDT | −0.110% | +0.0053% | 8h | $17.0M | $2.2M | 125x | as long as short |
| Paradex PENDLE-USD-PERP | −0.086% | +0.0100% | 8h | $36K | $28K | 10x | as long as short |
| Binance PENDLEUSDT | −0.079% | +0.0051% | 8h | $27.8M | $36.0M | 75x | as long as short |
| OKX PENDLE-USDT-SWAP | −0.071% | +0.0100% | 4h | $3.3M | $5.3M | 50x | as long as short |