PENDLE

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After costs, if the gap returns to its 7d average, $10k−$203

spread now+0.096%7d average+0.063%fees + slippage, in and out−$206spread needed2.064%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PENDLE_USDT	2.6140	−0.0013	get 0.0013% / 8h	27m 45s	$813K	$1.1M	75x
Short	Aster PENDLEUSDT	2.6165	0.0032	get 0.0032% / 8h	27m 45s	$51K	$124K	10x

Price spread history

latest

Range statsloading…

share of time at each level, last 7D

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Position, each leg$Hold forhoursFee GatebpFee AsterbpOrdersClose when spread is

Slippage from Gate: live order book, 1 min ago; Aster: live order book, 37 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 1 min ago	3.83 bp	20.8 bp −$21	160.4 bp −$1,604	doesn't fit	doesn't fit
Sell Aster live order book, 37 min ago	2.26 bp	11.7 bp −$12	doesn't fit	doesn't fit	doesn't fit

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Injective PENDLE/USDC PERP	−0.995%	−0.1178%	1h	$2K	$6K	5.5x	as long as short
OKX PENDLE-USDT-SWAP	−0.077%	+0.0100%	4h	$3.2M	$4.8M	50x	as long as short
Variational Omni PENDLE	−0.067%	−0.0246%	8h	$860K	$2.1M	—	as long as short
Bybit PENDLEUSDT	−0.061%	−0.0217%	8h	$16.2M	$11.3M	50x	as long as short
Extended PENDLE-USD	−0.055%	+0.0104%	1h	$173K	$520K	10x	as long as short
Bitget PENDLEUSDT	−0.031%	+0.0100%	8h	$3.9M	$2.6M	75x	as long as short
Paradex PENDLE-USD-PERP	−0.016%	+0.0100%	8h	$37K	$30K	10x	as long as short
edgeX PENDLEUSDC	−0.004%	+0.0100%	4h	$26K	$417K	10x	as long as short
Gate PENDLE_USDTlong	0.000%	−0.0013%	8h	$813K	$1.1M	75x
Coinbase International PENDLE-PERP-INTX	0.000%	+0.0496%	1h	$97K	$387K	25x	as long as short

Show all 29 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Aevo PENDLE-PERP	+0.006%	+0.0104%	1h	$27K	—	3x	as long as short
BingX PENDLE-USDT	+0.015%	+0.0100%	8h	—	$34.2M	—	as long as short
Orderly PERP_PENDLE_USDC	+0.027%	+0.0055%	8h	$21K	$4K	10x	as long as short
Binance PENDLEUSDT	+0.031%	+0.0100%	8h	$29.1M	$32.5M	75x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	+0.037%	L +0.0200% / S −0.0269%	1h	$5K	—	100x	as long as short
Lighter PENDLE	+0.046%	+0.0096%	1h	$569K	$359K	5x	as long as short
MEXC PENDLE_USDT	+0.057%	+0.0100%	8h	$16.9M	$2.1M	125x	as long as short
Deribit PENDLE_USDC-PERPETUAL	+0.057%	0.0000%	1h	$31K	$10K	10x	as long as short
ApeX Omni PENDLEUSDT	+0.065%	+0.0100%	1h	$79K	$236K	50x	as long as short
Polymarket Perps PENDLE-USD	+0.069%	−0.0066%	1h	$18K	$57K	5x	as long as short
Reya PENDLERUSDPERP	+0.081%	+0.0007%	1h	$4K	—	15x	as long as short
Aster PENDLEUSDTshort	+0.096%	+0.0032%	8h	$51K	$124K	10x
KuCoin PENDLEUSDTM	+0.096%	+0.0100%	8h	$1.0M	$481K	50x	as long as short
dYdX PENDLE-USD	+0.110%	0.0000%	1h	$11K	—	5x	as long as short
Hyperliquid PENDLE	+0.149%	+0.0100%	1h	$12.3M	$5.1M	5x	as long as short
Backpack PENDLE_USDC_PERP	+0.176%	+0.0349%	1h	$371K	$447K	15x	as long as short
BloFin PENDLE-USDT	+0.180%	+0.0078%	8h	$1.5M	$854K	75x	as long as short
SunX PENDLE-USDT	+0.187%	+0.0100%	8h	$2K	$1.5M	20x	as long as short
Kraken Futures PF_PENDLEUSD	+0.367%	+0.1868%	1h	$169K	$215K	20x	as long as short