After costs, if the gap returns to its 7d average, $10k−$66
spread now+0.255%7d average+0.149%fees + slippage, in and out−$77spread needed0.768%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate PENDLE_USDT | 2.5490 | 0.0100 | pay 0.0100% / 8h | 4h 59m | $817K | $1.0M | 75x |
| Short | Backpack PENDLE_USDC_PERP | 2.5555 | 0.0714 | get 0.0089% / 1h | 59m 42s | $376K | $459K | 15x |
Gate PENDLE_USDT
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
- $25.5
- Funding while held
- $18.43
- Slippage, 4 orders
- −$51.76
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$32.82
- Spread needed to break even
- 0.768%
Slippage from Gate: live order book, 4 min ago; Backpack: live order book, 36 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0614%
- Per $10,000 a day
- +$18.43
- 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 Gate live order book, 4 min ago | 1.96 bp | 30.9 bp −$31 | 292.2 bp −$2,922 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 36 min ago | 0.78 bp | 5.9 bp −$6 | 39.0 bp −$390 | doesn't fit | doesn't fit |
PENDLE price on every exchange
against the cheapest. Click to use as the short leg.Injective2.5080cheapestBloFin2.5485+1.615%
Injective
BloFinGate2.5490+1.635%
Variational Omni2.5496+1.657%BingX2.5500+1.675%Reya2.5500+1.675%Orderly2.5502+1.683%Extended2.5505+1.695%Aevo2.5506+1.697%Aster2.5506+1.699%SunX2.5507+1.703%ApeX Omni2.5509+1.711%GMX2.5510+1.714%Bybit2.5511+1.719%Paradex2.5513+1.725%Bitget2.5513+1.726%Deribit2.5515+1.734%edgeX2.5516+1.737%Binance2.5516+1.739%dYdX2.5517+1.743%OKX2.5520+1.754%Lighter2.5521+1.758%MEXC2.5523+1.766%Polymarket Perps2.5524+1.770%KuCoin2.5525+1.774%Kraken Futures2.5528+1.786%Coinbase International2.5550+1.874%Hyperliquid2.5552+1.882%
Variational Omni
BingX
Reya
Orderly
Extended
Aevo
Aster
SunX
ApeX Omni
GMX
Bybit
Paradex
Bitget
Deribit
Binance
dYdX
OKX
Lighter
MEXC
Polymarket Perps
KuCoin
Kraken Futures
Coinbase International
HyperliquidBackpack2.5555+1.894%
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 | −1.608% | −0.4421% | 1h | $2K | $7K | 5.5x | as long as short |
| BloFin PENDLE-USDT | −0.020% | +0.0067% | 8h | $1.4M | $820K | 75x | as long as short |
| Gate PENDLE_USDTlong | 0.000% | +0.0100% | 8h | $817K | $1.0M | 75x | |
| Variational Omni PENDLE | +0.022% | −0.0065% | 8h | $659K | $2.2M | — | as long as short |
| BingX PENDLE-USDT | +0.039% | +0.0100% | 8h | — | $34.3M | — | as long as short |
| Reya PENDLERUSDPERP | +0.040% | +0.0023% | 1h | $4K | — | 15x | as long as short |
| Orderly PERP_PENDLE_USDC | +0.047% | +0.0039% | 8h | $20K | $4K | 10x | as long as short |
| Extended PENDLE-USD | +0.060% | +0.0064% | 1h | $168K | $519K | 10x | as long as short |
| Aevo PENDLE-PERP | +0.061% | +0.0096% | 1h | $27K | — | 3x | as long as short |
| Aster PENDLEUSDT | +0.064% | −0.0008% | 8h | $52K | $141K | 10x | as long as short |