Spread before costs (cost unknown: a leg has no order-book sample)−0.221%
7d average—if it closes, per $10,000$22funding while held, a day−$3.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX PENDLEUSDC | 2.6159 | 0.0100 | pay 0.0050% / 4h | 9m 58s | $26K | $414K | 10x |
| Short | Deribit PENDLE_USDC-PERPETUAL | 2.6101 | 0 | get 0.0000% / 1h | 9m 58s | $31K | $10K | 10x |
Deribit PENDLE_USDC-PERPETUALPrice 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
- −$22.08
- Funding while held
- −$3
- Slippage, 4 orders
- no order book: not counted
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$41.08
- Spread needed to break even
- 0.160%
Slippage unknown: edgeX: live order book, 40 min ago; Deribit: no order-book sample. 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 edgeX live order book, 40 min ago | 1.69 bp | 6.6 bp −$7 | 27.4 bp −$274 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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.Injective2.5790cheapestBybit2.6064+1.062%OKX2.6080+1.124%Extended2.6083+1.137%Bitget2.6086+1.148%Binance2.6090+1.163%BingX2.6094+1.179%Lighter2.6099+1.198%Gate2.6100+1.202%MEXC2.6100+1.202%
Injective
Bybit
OKX
Extended
Bitget
Binance
BingX
Lighter
Gate
MEXCDeribit2.6101+1.206%
Orderly2.6102+1.210%Aevo2.6103+1.214%Polymarket Perps2.6105+1.221%Aster2.6105+1.223%SunX2.6118+1.272%GMX2.6121+1.282%Paradex2.6121+1.283%Reya2.6124+1.293%Variational Omni2.6124+1.294%ApeX Omni2.6126+1.303%KuCoin2.6128+1.311%Hyperliquid2.6129+1.314%Backpack2.6135+1.338%dYdX2.6167+1.462%BloFin2.6167+1.462%Coinbase International2.6170+1.473%Kraken Futures2.6177+1.502%
Orderly
Aevo
Polymarket Perps
Aster
SunX
GMX
Paradex
Reya
Variational Omni
ApeX Omni
KuCoin
Hyperliquid
Backpack
dYdX
BloFin
Coinbase International
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 | −1.410% | −0.1178% | 1h | $2K | $6K | 5.5x | as long as short |
| Bybit PENDLEUSDT | −0.362% | −0.0247% | 8h | $16.3M | $11.5M | 50x | as long as short |
| OKX PENDLE-USDT-SWAP | −0.301% | +0.0100% | 4h | $3.2M | $4.8M | 50x | as long as short |
| Extended PENDLE-USD | −0.289% | +0.0104% | 1h | $172K | $520K | 10x | as long as short |
| Bitget PENDLEUSDT | −0.278% | +0.0100% | 8h | $3.9M | $2.6M | 75x | as long as short |
| Binance PENDLEUSDT | −0.263% | +0.0100% | 8h | $29.1M | $32.9M | 75x | as long as short |
| BingX PENDLE-USDT | −0.248% | +0.0100% | 8h | — | $34.2M | — | as long as short |
| Lighter PENDLE | −0.228% | +0.0096% | 1h | $568K | $359K | 5x | as long as short |
| Gate PENDLE_USDT | −0.225% | +0.0004% | 8h | $812K | $1.1M | 75x | as long as short |
| MEXC PENDLE_USDT | −0.225% | +0.0100% | 8h | $16.9M | $2.1M | 125x | as long as short |