After costs, if the gap returns to its 7d average, $10k−$92
spread now+0.027%7d average−0.009%fees + slippage, in and out−$95spread needed0.953%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate PENDLE_USDT | 2.5520 | 0.0100 | pay 0.0100% / 8h | 6h 01m | $822K | $1.1M | 75x |
| Short | Bybit PENDLEUSDT | 2.5527 | 0.0100 | get 0.0100% / 8h | 6h 01m | $15.9M | $12.0M | 50x |
Gate PENDLE_USDT
Bybit PENDLEUSDTPrice 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
- $2.74
- Funding while held
- $0
- Slippage, 4 orders
- −$69.28
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$92.54
- Spread needed to break even
- 0.953%
Slippage from Gate: live order book, 2 min ago; Bybit: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- 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, 2 min ago | 3.93 bp | 28.7 bp −$29 | 315.0 bp −$3,150 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 3.94 bp | 17.2 bp −$17 | 48.6 bp −$486 | 833.6 bp −$83.4K | 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 Omni2.5487+1.140%dYdX2.5498+1.181%Paradex2.5517+1.259%
Injective
ApeX Omni
Variational Omni
dYdX
ParadexGate2.5520+1.270%
Bitget2.5523+1.282%Aster2.5525+1.289%Reya2.5527+1.296%
Bitget
Aster
ReyaBybit2.5527+1.298%
Extended2.5534+1.325%KuCoin2.5538+1.341%BingX2.5538+1.341%Polymarket Perps2.5538+1.341%Aevo2.5539+1.343%SunX2.5540+1.349%MEXC2.5542+1.357%GMX2.5543+1.362%Binance2.5545+1.368%Lighter2.5547+1.377%Coinbase International2.5550+1.389%Orderly2.5551+1.393%BloFin2.5551+1.393%Deribit2.5558+1.421%OKX2.5560+1.429%Hyperliquid2.5563+1.440%Kraken Futures2.5584+1.523%Backpack2.5600+1.587%
Extended
KuCoin
BingX
Polymarket Perps
Aevo
SunX
MEXC
GMX
Binance
Lighter
Coinbase International
Orderly
BloFin
Deribit
OKX
Hyperliquid
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 | −1.254% | −0.4277% | 1h | $2K | $7K | 5.5x | as long as short |
| ApeX Omni PENDLEUSDT | −0.411% | +0.0100% | 1h | $78K | $237K | 50x | as long as short |
| edgeX PENDLEUSDC | −0.379% | +0.0100% | 4h | $25K | $417K | 10x | as long as short |
| Variational Omni PENDLE | −0.129% | −0.0166% | 8h | $659K | $2.3M | — | as long as short |
| dYdX PENDLE-USD | −0.088% | 0.0000% | 1h | $11K | — | 5x | as long as short |
| Paradex PENDLE-USD-PERP | −0.010% | +0.0100% | 8h | $36K | $29K | 10x | as long as short |
| Gate PENDLE_USDTlong | 0.000% | +0.0100% | 8h | $822K | $1.1M | 75x | |
| Bitget PENDLEUSDT | +0.012% | +0.0100% | 8h | $3.9M | $2.7M | 75x | as long as short |
| Aster PENDLEUSDT | +0.019% | −0.0034% | 8h | $51K | $138K | 10x | as long as short |
| Reya PENDLERUSDPERP | +0.025% | +0.0018% | 1h | $4K | — | 15x | as long as short |