PENDLE

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After costs, if the gap returns to its 7d average, $10k−$81

spread now−0.053%7d average+0.041%fees + slippage, in and out−$72spread needed0.717%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PENDLE_USDT	2.6480	−0.0022	get 0.0022% / 8h	58m 36s	$826K	$1.0M	75x
Short	BloFin PENDLE-USDT	2.6466	0.0092	get 0.0092% / 8h	58m 36s	$1.5M	$852K	75x

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 BloFinbpOrdersClose when spread is

Slippage from Gate: live order book, 5 min ago; BloFin: live order book, 6 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, 5 min ago	3.77 bp	29.5 bp −$30	157.4 bp −$1,574	doesn't fit	doesn't fit
Sell BloFin live order book, 6 min ago	1.88 bp	10.2 bp −$10	21.4 bp −$214	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	−0.755%	−0.1178%	1h	$3K	$6K	5.5x	as long as short
Variational Omni PENDLE	−0.091%	−0.0228%	8h	$885K	$2.1M	—	as long as short
Bybit PENDLEUSDT	−0.076%	−0.0199%	8h	$16.5M	$11.3M	50x	as long as short
Orderly PERP_PENDLE_USDC	−0.072%	+0.0051%	8h	$21K	$4K	10x	as long as short
Aevo PENDLE-PERP	−0.062%	+0.0104%	1h	$28K	—	3x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.053%	0.0000%	1h	$31K	$10K	10x	as long as short
BloFin PENDLE-USDTshort	−0.053%	+0.0092%	8h	$1.5M	$852K	75x
GMX PENDLE/USD [PENDLE-USDC]	−0.040%	L +0.0200% / S −0.0269%	1h	$5K	—	100x	as long as short
edgeX PENDLEUSDC	−0.004%	+0.0100%	4h	$26K	$417K	10x	as long as short
Aster PENDLEUSDT	−0.001%	+0.0062%	8h	$51K	$122K	10x	as long as short

Show all 29 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
OKX PENDLE-USDT-SWAP	0.000%	+0.0100%	4h	$3.3M	$4.8M	50x	as long as short
Gate PENDLE_USDTlong	0.000%	−0.0022%	8h	$826K	$1.0M	75x
Polymarket Perps PENDLE-USD	+0.011%	+0.0094%	1h	$18K	$65K	5x	as long as short
Reya PENDLERUSDPERP	+0.045%	+0.0004%	1h	$4K	—	15x	as long as short
BingX PENDLE-USDT	+0.057%	+0.0100%	8h	—	$34.1M	—	as long as short
dYdX PENDLE-USD	+0.068%	0.0000%	1h	$11K	—	5x	as long as short
Extended PENDLE-USD	+0.074%	+0.0104%	1h	$175K	$520K	10x	as long as short
SunX PENDLE-USDT	+0.079%	+0.0100%	8h	$1K	$1.4M	20x	as long as short
MEXC PENDLE_USDT	+0.087%	+0.0100%	8h	$17.1M	$2.0M	125x	as long as short
KuCoin PENDLEUSDTM	+0.091%	+0.0100%	8h	$1.1M	$466K	50x	as long as short
Paradex PENDLE-USD-PERP	+0.092%	+0.0100%	8h	$37K	$31K	10x	as long as short
Lighter PENDLE	+0.102%	+0.0096%	1h	$577K	$356K	5x	as long as short
Bitget PENDLEUSDT	+0.102%	+0.0100%	8h	$4.0M	$2.6M	75x	as long as short
Binance PENDLEUSDT	+0.109%	+0.0100%	8h	$29.6M	$31.8M	75x	as long as short
Backpack PENDLE_USDC_PERP	+0.125%	+0.0100%	1h	$375K	$446K	15x	as long as short
Kraken Futures PF_PENDLEUSD	+0.187%	+0.1847%	1h	$171K	$216K	20x	as long as short
Hyperliquid PENDLE	+0.222%	+0.0100%	1h	$12.6M	$5.1M	5x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.227%	+0.0496%	1h	$85K	$368K	25x	as long as short
ApeX Omni PENDLEUSDT	+0.393%	+0.0054%	1h	$81K	$234K	50x	as long as short