Spread before costs (cost unknown: a leg has no order-book sample)−0.426%
7d average—if it closes, per $10,000$43funding while held, a day−$3.10
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX PENDLE/USD [PENDLE-USDC] | 2.5647 | L +0.0200% / S −0.0272% | pay 0.0025% / 1h | 4m 54s | $5K | — | 100x |
| Short | ApeX Omni PENDLEUSDT | 2.5538 | 0.0096 | get 0.0012% / 1h | 4m 54s | $78K | $237K | 50x |
GMX PENDLE/USD [PENDLE-USDC]
ApeX Omni 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
- −$42.56
- Funding while held
- −$3.1
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$67.67
- Spread needed to break even
- 0.220%
Slippage unknown: GMX: no order-book sample; ApeX Omni: live order book, 38 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0103%
- Per $10,000 a day
- −$3.10
- 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 GMX no order-book sample | — | — | — | — | — |
| Sell ApeX Omni live order book, 38 min ago | 6.34 bp | 13.9 bp −$14 | 100.8 bp −$1,008 | doesn't fit | doesn't fit |
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
PENDLE price on every exchange
against the cheapest. Click to use as the short leg.Injective2.5290cheapest
InjectiveApeX Omni2.5538+0.981%
Variational Omni2.5544+1.003%edgeX2.5598+1.217%Bitget2.5606+1.250%Gate2.5610+1.265%Bybit2.5614+1.281%Extended2.5616+1.289%Aster2.5617+1.291%MEXC2.5618+1.297%Binance2.5621+1.309%Aevo2.5622+1.313%BloFin2.5624+1.321%BingX2.5627+1.333%KuCoin2.5628+1.336%Paradex2.5629+1.340%Lighter2.5630+1.344%OKX2.5630+1.344%Polymarket Perps2.5630+1.344%Reya2.5631+1.347%Orderly2.5636+1.368%dYdX2.5638+1.376%Coinbase International2.5640+1.384%Deribit2.5642+1.392%
Variational Omni
Bitget
Gate
Bybit
Extended
Aster
MEXC
Binance
Aevo
BloFin
BingX
KuCoin
Paradex
Lighter
OKX
Polymarket Perps
Reya
Orderly
dYdX
Coinbase International
DeribitGMX2.5647+1.412%
SunX2.5656+1.447%Hyperliquid2.5676+1.526%Backpack2.5680+1.542%Kraken Futures2.5710+1.660%
SunX
Hyperliquid
Backpack
Kraken FuturesPENDLE on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PENDLE/USDC PERP | −1.393% | −0.1875% | 1h | $2K | $6K | 5.5x | as long as short |
| ApeX Omni PENDLEUSDTshort | −0.426% | +0.0096% | 1h | $78K | $237K | 50x | |
| Variational Omni PENDLE | −0.403% | −0.0266% | 8h | $659K | $2.2M | — | as long as short |
| edgeX PENDLEUSDC | −0.192% | +0.0100% | 4h | $25K | $416K | 10x | as long as short |
| Bitget PENDLEUSDT | −0.160% | +0.0100% | 8h | $3.8M | $2.6M | 75x | as long as short |
| Gate PENDLE_USDT | −0.145% | +0.0100% | 8h | $818K | $1.1M | 75x | as long as short |
| Bybit PENDLEUSDT | −0.129% | −0.0071% | 8h | $16.0M | $11.8M | 50x | as long as short |
| Extended PENDLE-USD | −0.122% | +0.0080% | 1h | $168K | $520K | 10x | as long as short |
| Aster PENDLEUSDT | −0.120% | −0.0009% | 8h | $51K | $134K | 10x | as long as short |
| MEXC PENDLE_USDT | −0.114% | +0.0082% | 8h | $16.8M | $2.2M | 125x | as long as short |