After costs, if the gap returns to its 7d average, $10k−$69
spread now−0.311%7d average−0.042%fees + slippage, in and out−$42spread needed0.417%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX PENDLEUSDC | 2.6141 | 0.0100 | pay 0.0050% / 4h | 16m 12s | $26K | $416K | 10x |
| Short | Bybit PENDLEUSDT | 2.6060 | −0.0245 | pay 0.0245% / 8h | 16m 12s | $16.3M | $11.5M | 50x |
Bybit PENDLEUSDTPrice 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
- −$31.12
- Funding while held
- −$10.35
- Slippage, 4 orders
- −$21.75
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$83.22
- Spread needed to break even
- 0.417%
Slippage from edgeX: live order book, 34 min ago; Bybit: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0345%
- Per $10,000 a day
- −$10.35
- 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 edgeX live order book, 34 min ago | 1.69 bp | 6.6 bp −$7 | 27.4 bp −$274 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 1.91 bp | 20.8 bp −$21 | 71.8 bp −$718 | doesn't fit | doesn't fit |
PENDLE price on every exchange
against the cheapest. Click to use as the short leg.Injective2.5790cheapestBloFin2.6036+0.954%
Injective
BloFinBybit2.6060+1.047%
BingX2.6069+1.082%OKX2.6070+1.086%Gate2.6070+1.086%Bitget2.6071+1.090%Variational Omni2.6073+1.096%Polymarket Perps2.6074+1.101%dYdX2.6081+1.127%Aster2.6081+1.128%Reya2.6083+1.134%Binance2.6083+1.138%Extended2.6084+1.139%KuCoin2.6085+1.144%Orderly2.6088+1.155%Aevo2.6088+1.156%GMX2.6093+1.175%Lighter2.6096+1.187%MEXC2.6097+1.190%Paradex2.6099+1.199%Coinbase International2.6100+1.202%Deribit2.6113+1.252%SunX2.6118+1.272%Hyperliquid2.6122+1.287%Backpack2.6138+1.349%ApeX Omni2.6158+1.427%Kraken Futures2.6188+1.543%
BingX
OKX
Gate
Bitget
Variational Omni
Polymarket Perps
dYdX
Aster
Reya
Binance
Extended
KuCoin
Orderly
Aevo
GMX
Lighter
MEXC
Paradex
Coinbase International
Deribit
SunX
Hyperliquid
Backpack
ApeX Omni
Kraken FuturesPENDLE on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PENDLE/USDC PERP | −1.344% | −0.1178% | 1h | $2K | $6K | 5.5x | as long as short |
| BloFin PENDLE-USDT | −0.403% | +0.0089% | 8h | $1.5M | $846K | 75x | as long as short |
| Bybit PENDLEUSDTshort | −0.311% | −0.0245% | 8h | $16.3M | $11.5M | 50x | |
| BingX PENDLE-USDT | −0.277% | +0.0100% | 8h | — | $34.2M | — | as long as short |
| OKX PENDLE-USDT-SWAP | −0.273% | +0.0100% | 4h | $3.2M | $4.9M | 50x | as long as short |
| Gate PENDLE_USDT | −0.273% | −0.0006% | 8h | $811K | $1.1M | 75x | as long as short |
| Bitget PENDLEUSDT | −0.269% | +0.0100% | 8h | $3.9M | $2.6M | 75x | as long as short |
| Variational Omni PENDLE | −0.262% | −0.0268% | 8h | $834K | $2.2M | — | as long as short |
| Polymarket Perps PENDLE-USD | −0.258% | −0.0032% | 1h | $17K | $54K | 5x | as long as short |
| dYdX PENDLE-USD | −0.232% | 0.0000% | 1h | $11K | — | 5x | as long as short |