Spread before costs (cost unknown: a leg has no order-book sample)−0.097%
7d average—if it closes, per $10,000$10funding while held, a day−$3.82
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX PENDLE/USD [PENDLE-USDC] | 2.5683 | L +0.0200% / S −0.0272% | pay 0.0025% / 1h | 45m 28s | $5K | — | 100x |
| Short | Binance PENDLEUSDT | 2.5658 | 0.0072 | get 0.0072% / 8h | 5h 45m | $28.1M | $36.0M | 75x |
GMX PENDLE/USD [PENDLE-USDC]
Binance 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
- −$9.67
- Funding while held
- −$3.82
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$35.49
- Spread needed to break even
- 0.220%
Slippage unknown: GMX: no order-book sample; Binance: live order book, 13 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0127%
- Per $10,000 a day
- −$3.82
- 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 Binance live order book, 13 min ago | 0.20 bp | 12.9 bp −$13 | 36.2 bp −$362 | 129.0 bp −$12.9K | 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.Injective2.5280cheapestBloFin2.5640+1.424%SunX2.5653+1.475%BingX2.5655+1.483%edgeX2.5657+1.493%
Injective
BloFin
SunX
BingXBinance2.5658+1.495%
Bybit2.5660+1.503%MEXC2.5660+1.503%Extended2.5661+1.507%Reya2.5665+1.525%Bitget2.5666+1.527%Kraken Futures2.5667+1.532%Aevo2.5668+1.536%OKX2.5670+1.543%Deribit2.5670+1.543%Orderly2.5671+1.547%ApeX Omni2.5672+1.551%Variational Omni2.5676+1.565%Paradex2.5678+1.573%Gate2.5680+1.582%KuCoin2.5680+1.582%Lighter2.5682+1.590%
Bybit
MEXC
Extended
Reya
Bitget
Kraken Futures
Aevo
OKX
Deribit
Orderly
ApeX Omni
Variational Omni
Paradex
Gate
KuCoin
LighterGMX2.5683+1.593%
Polymarket Perps2.5684+1.598%dYdX2.5692+1.629%Aster2.5692+1.629%Hyperliquid2.5696+1.646%Backpack2.5715+1.721%Coinbase International2.5720+1.741%
Polymarket Perps
dYdX
Aster
Hyperliquid
Backpack
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 | −1.568% | −0.4421% | 1h | $2K | $7K | 5.5x | as long as short |
| BloFin PENDLE-USDT | −0.167% | +0.0046% | 8h | $1.4M | $826K | 75x | as long as short |
| SunX PENDLE-USDT | −0.116% | +0.0100% | 8h | $2K | $1.6M | 20x | as long as short |
| BingX PENDLE-USDT | −0.108% | +0.0100% | 8h | — | $34.3M | — | as long as short |
| edgeX PENDLEUSDC | −0.099% | +0.0100% | 4h | $25K | $417K | 10x | as long as short |
| Binance PENDLEUSDTshort | −0.097% | +0.0072% | 8h | $28.1M | $36.0M | 75x | |
| Bybit PENDLEUSDT | −0.089% | +0.0100% | 8h | $16.0M | $12.0M | 50x | as long as short |
| MEXC PENDLE_USDT | −0.089% | +0.0072% | 8h | $17.1M | $2.1M | 125x | as long as short |
| Extended PENDLE-USD | −0.086% | +0.0072% | 1h | $169K | $519K | 10x | as long as short |
| Reya PENDLERUSDPERP | −0.068% | +0.0020% | 1h | $4K | — | 15x | as long as short |