After costs, if the gap returns to its 7d average, $10k−$54
spread now+0.184%7d average+0.190%fees + slippage, in and out−$53spread needed0.529%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended PENDLE-USD | 2.5529 | 0.0056 | pay 0.0007% / 1h | 0m 24s | $168K | $519K | 10x |
| Short | Hyperliquid PENDLE | 2.5576 | 0.0100 | get 0.0013% / 1h | 0m 24s | $12.3M | $5.4M | 5x |
Extended PENDLE-USD
Hyperliquid PENDLEPrice 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
- $18.36
- Funding while held
- $1.32
- Slippage, 4 orders
- −$38.89
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$33.21
- Spread needed to break even
- 0.529%
Slippage from Extended: live order book, 39 min ago; Hyperliquid: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0044%
- Per $10,000 a day
- +$1.32
- 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, 39 min ago | 0.98 bp | 13.5 bp −$13 | 108.5 bp −$1,085 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 4 min ago | 2.16 bp | 13.3 bp −$13 | doesn't fit | 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 Omni2.5497+1.180%
Injective
ApeX Omni
Variational OmniExtended2.5529+1.306%
KuCoin2.5532+1.317%Paradex2.5532+1.318%Aster2.5536+1.335%Gate2.5540+1.349%SunX2.5540+1.349%dYdX2.5543+1.359%Bitget2.5543+1.361%Reya2.5543+1.362%Lighter2.5550+1.389%Bybit2.5550+1.389%Coinbase International2.5550+1.389%Binance2.5551+1.392%BloFin2.5551+1.393%MEXC2.5555+1.409%Aevo2.5556+1.411%Polymarket Perps2.5557+1.417%Deribit2.5558+1.421%BingX2.5559+1.425%OKX2.5560+1.429%GMX2.5564+1.445%Orderly2.5567+1.456%
KuCoin
Paradex
Aster
Gate
SunX
dYdX
Bitget
Reya
Lighter
Bybit
Coinbase International
Binance
BloFin
MEXC
Aevo
Polymarket Perps
Deribit
BingX
OKX
GMX
OrderlyHyperliquid2.5576+1.492%
Kraken Futures2.5584+1.523%Backpack2.5600+1.587%
Kraken Futures
BackpackPENDLE 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% | −0.4277% | 1h | $2K | $7K | 5.5x | as long as short |
| ApeX Omni PENDLEUSDT | −0.447% | +0.0100% | 1h | $78K | $237K | 50x | as long as short |
| edgeX PENDLEUSDC | −0.414% | +0.0100% | 4h | $25K | $417K | 10x | as long as short |
| Variational Omni PENDLE | −0.124% | −0.0161% | 8h | $657K | $2.3M | — | as long as short |
| Extended PENDLE-USDlong | 0.000% | +0.0056% | 1h | $168K | $519K | 10x | |
| KuCoin PENDLEUSDTM | +0.011% | +0.0100% | 8h | $938K | $602K | 50x | as long as short |
| Paradex PENDLE-USD-PERP | +0.012% | +0.0100% | 8h | $36K | $29K | 10x | as long as short |
| Aster PENDLEUSDT | +0.028% | −0.0029% | 8h | $51K | $138K | 10x | as long as short |
| Gate PENDLE_USDT | +0.043% | +0.0100% | 8h | $823K | $1.1M | 75x | as long as short |
| SunX PENDLE-USDT | +0.043% | +0.0100% | 8h | $2K | $1.6M | 20x | as long as short |