After costs, if the gap returns to its 7d average, $10k−$40
spread now+0.259%7d average+0.199%fees + slippage, in and out−$46spread needed0.456%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended PENDLE-USD | 2.5534 | 0.0056 | pay 0.0007% / 1h | 0m 47s | $168K | $519K | 10x |
| Short | Backpack PENDLE_USDC_PERP | 2.5600 | 0.0699 | get 0.0087% / 1h | 0m 47s | $376K | $462K | 15x |
Extended PENDLE-USD
Backpack PENDLE_USDC_PERPPrice 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
- $25.87
- Funding while held
- $19.3
- Slippage, 4 orders
- −$30.58
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$0.41
- Spread needed to break even
- 0.456%
Slippage from Extended: live order book, 38 min ago; Backpack: live order book, 39 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0643%
- Per $10,000 a day
- +$19.30
- 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 Extended live order book, 38 min ago | 0.98 bp | 13.5 bp −$13 | 108.5 bp −$1,085 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 39 min ago | 2.36 bp | 7.6 bp −$8 | 31.3 bp −$313 | doesn't fit | doesn't fit |
PENDLE price on every exchange
against the cheapest. Click to use as the short leg.Injective2.5200cheapestApeX Omni2.5415+0.853%edgeX2.5423+0.886%Variational Omni2.5487+1.140%dYdX2.5498+1.181%Bitget2.5515+1.250%Paradex2.5517+1.259%Reya2.5527+1.296%Bybit2.5530+1.310%
Injective
ApeX Omni
Variational Omni
dYdX
Bitget
Paradex
Reya
BybitExtended2.5534+1.325%
KuCoin2.5538+1.341%Polymarket Perps2.5538+1.341%Aevo2.5539+1.343%Gate2.5540+1.349%BingX2.5540+1.349%SunX2.5540+1.349%Binance2.5541+1.352%MEXC2.5542+1.357%Aster2.5543+1.361%GMX2.5543+1.362%Lighter2.5550+1.389%OKX2.5550+1.389%Coinbase International2.5550+1.389%Orderly2.5551+1.393%BloFin2.5551+1.393%Deribit2.5558+1.421%Hyperliquid2.5568+1.460%Kraken Futures2.5584+1.523%
KuCoin
Polymarket Perps
Aevo
Gate
BingX
SunX
Binance
MEXC
Aster
GMX
Lighter
OKX
Coinbase International
Orderly
BloFin
Deribit
Hyperliquid
Kraken FuturesBackpack2.5600+1.587%
PENDLE on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PENDLE/USDC PERP | −1.308% | −0.4277% | 1h | $2K | $7K | 5.5x | as long as short |
| ApeX Omni PENDLEUSDT | −0.466% | +0.0100% | 1h | $78K | $237K | 50x | as long as short |
| edgeX PENDLEUSDC | −0.433% | +0.0100% | 4h | $25K | $417K | 10x | as long as short |
| Variational Omni PENDLE | −0.183% | −0.0166% | 8h | $659K | $2.3M | — | as long as short |
| dYdX PENDLE-USD | −0.143% | 0.0000% | 1h | $11K | — | 5x | as long as short |
| Bitget PENDLEUSDT | −0.074% | +0.0100% | 8h | $3.9M | $2.7M | 75x | as long as short |
| Paradex PENDLE-USD-PERP | −0.065% | +0.0100% | 8h | $36K | $29K | 10x | as long as short |
| Reya PENDLERUSDPERP | −0.029% | +0.0018% | 1h | $4K | — | 15x | as long as short |
| Bybit PENDLEUSDT | −0.015% | +0.0100% | 8h | $15.9M | $12.0M | 50x | as long as short |
| Extended PENDLE-USDlong | 0.000% | +0.0056% | 1h | $168K | $519K | 10x |