Spread before costs (cost unknown: a leg has no order-book sample)+0.128%
7d average—if it closes, per $10,000$13funding while held, a day−$2.60
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX PENDLEUSDC | 2.5598 | 0.0100 | pay 0.0050% / 4h | 3h 05m | $25K | $416K | 10x |
| Short | Reya PENDLERUSDPERP | 2.5631 | 0.0013 | get 0.0002% / 1h | 5m 20s | $4K | — | 15x |
Reya PENDLERUSDPERPPrice 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
- $12.82
- Funding while held
- −$2.6
- Slippage, 4 orders
- no order book: not counted
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$4.79
- Spread needed to break even
- 0.150%
Slippage unknown: edgeX: live order book, 40 min ago; Reya: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0087%
- Per $10,000 a day
- −$2.60
- 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 | 1.35 bp | 9.5 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
Reya: 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.Injective2.5290cheapestBloFin2.5525+0.929%ApeX Omni2.5538+0.981%Variational Omni2.5544+1.003%Coinbase International2.5570+1.107%Bitget2.5606+1.250%Gate2.5610+1.265%Aster2.5613+1.277%Bybit2.5620+1.305%Extended2.5621+1.308%MEXC2.5621+1.309%Aevo2.5622+1.313%Binance2.5623+1.318%Lighter2.5627+1.333%KuCoin2.5627+1.333%Paradex2.5629+1.340%Polymarket Perps2.5630+1.344%
Injective
BloFin
ApeX Omni
Variational Omni
Coinbase International
Bitget
Gate
Aster
Bybit
Extended
MEXC
Aevo
Binance
Lighter
KuCoin
Paradex
Polymarket PerpsReya2.5631+1.347%
BingX2.5631+1.348%Deribit2.5632+1.352%Orderly2.5636+1.368%dYdX2.5638+1.376%OKX2.5640+1.384%GMX2.5647+1.412%SunX2.5653+1.435%Hyperliquid2.5671+1.507%Backpack2.5679+1.538%Kraken Futures2.5692+1.589%
BingX
Deribit
Orderly
dYdX
OKX
GMX
SunX
Hyperliquid
Backpack
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 | −1.203% | −0.1875% | 1h | $2K | $6K | 5.5x | as long as short |
| BloFin PENDLE-USDT | −0.285% | +0.0103% | 8h | $1.4M | $851K | 75x | as long as short |
| ApeX Omni PENDLEUSDT | −0.234% | +0.0096% | 1h | $78K | $237K | 50x | as long as short |
| Variational Omni PENDLE | −0.212% | −0.0266% | 8h | $659K | $2.2M | — | as long as short |
| Coinbase International PENDLE-PERP-INTX | −0.109% | +0.0432% | 1h | $114K | $434K | 25x | as long as short |
| edgeX PENDLEUSDClong | 0.000% | +0.0100% | 4h | $25K | $416K | 10x | |
| Bitget PENDLEUSDT | +0.032% | +0.0100% | 8h | $3.8M | $2.6M | 75x | as long as short |
| Gate PENDLE_USDT | +0.047% | +0.0100% | 8h | $818K | $1.1M | 75x | as long as short |
| Aster PENDLEUSDT | +0.058% | −0.0009% | 8h | $51K | $134K | 10x | as long as short |
| Bybit PENDLEUSDT | +0.086% | −0.0071% | 8h | $16.0M | $11.8M | 50x | as long as short |