Spread before costs (cost unknown: a leg has no order-book sample)+0.097%
7d average—if it closes, per $10,000$10funding while held, a day−$2.16
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended PENDLE-USD | 2.5610 | 0.0072 | pay 0.0009% / 1h | 42m 20s | $169K | $519K | 10x |
| Short | Deribit PENDLE_USDC-PERPETUAL | 2.5635 | 0 | get 0.0000% / 1h | 42m 20s | $30K | $11K | 10x |
Extended PENDLE-USD
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
- $9.69
- Funding while held
- −$2.16
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$4.47
- Spread needed to break even
- 0.120%
Slippage unknown: Extended: live order book, 57 min ago; Deribit: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0072%
- Per $10,000 a day
- −$2.16
- 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 Extended live order book, 57 min ago | 0.98 bp | 13.5 bp −$13 | 108.5 bp −$1,085 | 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.Injective2.5280cheapest
InjectiveExtended2.5610+1.306%
Bybit2.5615+1.325%Kraken Futures2.5620+1.345%SunX2.5622+1.353%Binance2.5629+1.381%Gate2.5630+1.384%BingX2.5630+1.384%Aevo2.5630+1.385%BloFin2.5631+1.388%Paradex2.5631+1.390%Bitget2.5632+1.392%Orderly2.5632+1.392%MEXC2.5633+1.396%
Bybit
Kraken Futures
SunX
Binance
Gate
BingX
Aevo
BloFin
Paradex
Bitget
Orderly
MEXCDeribit2.5635+1.404%
Reya2.5635+1.406%OKX2.5640+1.424%Lighter2.5642+1.432%Aster2.5647+1.453%GMX2.5648+1.456%KuCoin2.5653+1.475%Polymarket Perps2.5658+1.495%edgeX2.5664+1.519%Hyperliquid2.5665+1.523%dYdX2.5670+1.541%ApeX Omni2.5672+1.551%Variational Omni2.5676+1.565%Backpack2.5689+1.618%Coinbase International2.5720+1.741%
Reya
OKX
Lighter
Aster
GMX
KuCoin
Polymarket Perps
Hyperliquid
dYdX
ApeX Omni
Variational Omni
Backpack
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 | −1.289% | −0.4421% | 1h | $2K | $7K | 5.5x | as long as short |
| Extended PENDLE-USDlong | 0.000% | +0.0072% | 1h | $169K | $519K | 10x | |
| Bybit PENDLEUSDT | +0.019% | +0.0100% | 8h | $16.0M | $12.0M | 50x | as long as short |
| Kraken Futures PF_PENDLEUSD | +0.039% | +0.1425% | 1h | $159K | $257K | 20x | as long as short |
| SunX PENDLE-USDT | +0.046% | +0.0100% | 8h | $2K | $1.6M | 20x | as long as short |
| Binance PENDLEUSDT | +0.074% | +0.0073% | 8h | $28.1M | $36.0M | 75x | as long as short |
| Gate PENDLE_USDT | +0.077% | +0.0100% | 8h | $824K | $1.0M | 75x | as long as short |
| BingX PENDLE-USDT | +0.077% | +0.0100% | 8h | — | $34.2M | — | as long as short |
| Aevo PENDLE-PERP | +0.078% | +0.0096% | 1h | $27K | — | 3x | as long as short |
| BloFin PENDLE-USDT | +0.081% | +0.0048% | 8h | $1.4M | $825K | 75x | as long as short |