Spread before costs (cost unknown: a leg has no order-book sample)+0.192%
7d average—if it closes, per $10,000$19funding while held, a day+$5.16
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX PENDLEUSDC | 2.5526 | 0.0100 | pay 0.0050% / 4h | 2h 32m | $25K | $416K | 10x |
| Short | GMX PENDLE/USD [PENDLE-USDC] | 2.5575 | L +0.0200% / S −0.0272% | get 0.0034% / 1h | 32m 14s | $5K | — | 100x |
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
- $19.24
- Funding while held
- $5.16
- Slippage, 4 orders
- no order book: not counted
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $3.4
- Spread needed to break even
- 0.210%
Slippage unknown: edgeX: live order book, 8 min ago; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0172%
- Per $10,000 a day
- +$5.16
- 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 edgeX live order book, 8 min ago | 2.36 bp | 7.5 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
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.Injective2.5110cheapestVariational Omni2.5497+1.541%Bitget2.5546+1.736%Aster2.5547+1.739%Reya2.5549+1.747%BloFin2.5549+1.748%Bybit2.5552+1.760%Paradex2.5554+1.769%Polymarket Perps2.5556+1.776%Extended2.5558+1.783%Binance2.5558+1.785%OKX2.5560+1.792%MEXC2.5561+1.796%BingX2.5562+1.800%Aevo2.5568+1.823%Orderly2.5569+1.828%Lighter2.5570+1.832%dYdX2.5570+1.832%Gate2.5570+1.832%Deribit2.5572+1.840%
Injective
Variational Omni
Bitget
Aster
Reya
BloFin
Bybit
Paradex
Polymarket Perps
Extended
Binance
OKX
MEXC
BingX
Aevo
Orderly
Lighter
dYdX
Gate
DeribitGMX2.5575+1.851%
Hyperliquid2.5584+1.888%KuCoin2.5585+1.892%SunX2.5592+1.920%ApeX Omni2.5597+1.939%Backpack2.5611+1.995%Kraken Futures2.5628+2.065%Coinbase International2.5670+2.230%
Hyperliquid
KuCoin
SunX
ApeX Omni
Backpack
Kraken Futures
Coinbase InternationalPENDLE on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PENDLE/USDC PERP | −1.629% | −0.4277% | 1h | $2K | $7K | 5.5x | as long as short |
| Variational Omni PENDLE | −0.113% | −0.0225% | 8h | $659K | $2.2M | — | as long as short |
| edgeX PENDLEUSDClong | 0.000% | +0.0100% | 4h | $25K | $416K | 10x | |
| Bitget PENDLEUSDT | +0.079% | +0.0100% | 8h | $3.8M | $2.6M | 75x | as long as short |
| Aster PENDLEUSDT | +0.082% | −0.0026% | 8h | $51K | $133K | 10x | as long as short |
| Reya PENDLERUSDPERP | +0.090% | +0.0016% | 1h | $4K | — | 15x | as long as short |
| BloFin PENDLE-USDT | +0.091% | +0.0037% | 8h | $1.4M | $851K | 75x | as long as short |
| Bybit PENDLEUSDT | +0.103% | +0.0100% | 8h | $15.9M | $11.7M | 50x | as long as short |
| Paradex PENDLE-USD-PERP | +0.112% | +0.0100% | 8h | $36K | $29K | 10x | as long as short |
| Polymarket Perps PENDLE-USD | +0.119% | +0.0100% | 1h | $16K | $30K | 5x | as long as short |