After costs, if the gap returns to its 7d average, $10k−$85
spread now+0.184%7d average+0.141%fees + slippage, in and out−$89spread needed0.894%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate PENDLE_USDT | 2.5580 | 0.0100 | pay 0.0100% / 8h | 5h 39m | $822K | $1.0M | 75x |
| Short | Hyperliquid PENDLE | 2.5627 | 0.0100 | get 0.0013% / 1h | 39m 17s | $12.3M | $5.4M | 5x |
Gate PENDLE_USDT
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
- $18.37
- Funding while held
- $0
- Slippage, 4 orders
- −$65.36
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$70.99
- Spread needed to break even
- 0.894%
Slippage from Gate: live order book, 4 min ago; Hyperliquid: live order book, 5 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, 4 min ago | 3.90 bp | 32.7 bp −$33 | 353.7 bp −$3,537 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 5 min ago | 1.56 bp | 10.9 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
PENDLE price on every exchange
against the cheapest. Click to use as the short leg.Injective2.5280cheapestBloFin2.5563+1.119%SunX2.5565+1.127%Paradex2.5565+1.129%Bitget2.5569+1.143%Bybit2.5570+1.147%Binance2.5572+1.156%Variational Omni2.5576+1.171%Reya2.5577+1.175%
Injective
BloFin
SunX
Paradex
Bitget
Bybit
Binance
Variational Omni
ReyaGate2.5580+1.187%
MEXC2.5580+1.187%BingX2.5581+1.191%Extended2.5586+1.209%Kraken Futures2.5588+1.218%Aevo2.5591+1.230%Lighter2.5592+1.234%Orderly2.5594+1.242%Deribit2.5599+1.262%OKX2.5600+1.266%KuCoin2.5602+1.274%Polymarket Perps2.5604+1.282%Aster2.5606+1.291%GMX2.5609+1.300%dYdX2.5620+1.345%
MEXC
BingX
Extended
Kraken Futures
Aevo
Lighter
Orderly
Deribit
OKX
KuCoin
Polymarket Perps
Aster
GMX
dYdXHyperliquid2.5627+1.373%
Backpack2.5635+1.404%edgeX2.5648+1.455%ApeX Omni2.5658+1.495%Coinbase International2.5720+1.741%
Backpack
ApeX Omni
Coinbase InternationalPENDLE on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PENDLE/USDC PERP | −1.173% | −0.4421% | 1h | $2K | $7K | 5.5x | as long as short |
| BloFin PENDLE-USDT | −0.066% | +0.0080% | 8h | $1.4M | $823K | 75x | as long as short |
| SunX PENDLE-USDT | −0.059% | +0.0100% | 8h | $2K | $1.6M | 20x | as long as short |
| Paradex PENDLE-USD-PERP | −0.057% | +0.0100% | 8h | $36K | $28K | 10x | as long as short |
| Bitget PENDLEUSDT | −0.043% | +0.0100% | 8h | $3.9M | $2.7M | 75x | as long as short |
| Bybit PENDLEUSDT | −0.039% | +0.0100% | 8h | $15.9M | $12.0M | 50x | as long as short |
| Binance PENDLEUSDT | −0.030% | +0.0069% | 8h | $28.0M | $36.1M | 75x | as long as short |
| Variational Omni PENDLE | −0.015% | −0.0127% | 8h | $660K | $2.2M | — | as long as short |
| Reya PENDLERUSDPERP | −0.011% | +0.0020% | 1h | $4K | — | 15x | as long as short |
| Gate PENDLE_USDTlong | 0.000% | +0.0100% | 8h | $822K | $1.0M | 75x |