Spread before costs (cost unknown: a leg has no order-book sample)−0.107%
7d average—if it closes, per $10,000$11funding while held, a day−$2.99
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX PENDLE/USD [PENDLE-USDC] | 2.5685 | L +0.0200% / S −0.0272% | pay 0.0025% / 1h | 43m 52s | $5K | — | 100x |
| Short | BingX PENDLE-USDT | 2.5657 | 0.0100 | get 0.0100% / 8h | 5h 43m | — | $34.3M | — |
GMX PENDLE/USD [PENDLE-USDC]
BingX PENDLE-USDTPrice 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
- −$10.74
- Funding while held
- −$2.99
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$35.73
- Spread needed to break even
- 0.220%
Slippage unknown: GMX: no order-book sample; BingX: live order book, 1 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0100%
- Per $10,000 a day
- −$2.99
- 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 BingX live order book, 1 min ago | 2.53 bp | 10.4 bp −$10 | 26.1 bp −$261 | 124.9 bp −$12.5K | 411.6 bp −$205.8K |
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.Injective2.5280cheapestExtended2.5643+1.437%Paradex2.5650+1.464%Bybit2.5650+1.464%Binance2.5654+1.478%MEXC2.5657+1.491%
Injective
Extended
Paradex
Bybit
Binance
MEXCBingX2.5657+1.491%
edgeX2.5657+1.493%Aster2.5660+1.503%OKX2.5660+1.503%Gate2.5660+1.503%Bitget2.5664+1.519%Reya2.5664+1.521%SunX2.5666+1.527%Lighter2.5670+1.543%Aevo2.5670+1.543%BloFin2.5671+1.547%ApeX Omni2.5672+1.551%Variational Omni2.5676+1.565%Orderly2.5676+1.566%Hyperliquid2.5678+1.574%Kraken Futures2.5681+1.585%Polymarket Perps2.5683+1.594%Deribit2.5683+1.594%KuCoin2.5684+1.598%
Aster
OKX
Gate
Bitget
Reya
SunX
Lighter
Aevo
BloFin
ApeX Omni
Variational Omni
Orderly
Hyperliquid
Kraken Futures
Polymarket Perps
Deribit
KuCoinGMX2.5685+1.600%
dYdX2.5692+1.629%Backpack2.5714+1.717%Coinbase International2.5720+1.741%
dYdX
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 | −1.575% | −0.4421% | 1h | $2K | $7K | 5.5x | as long as short |
| Extended PENDLE-USD | −0.161% | +0.0072% | 1h | $169K | $519K | 10x | as long as short |
| Paradex PENDLE-USD-PERP | −0.135% | +0.0100% | 8h | $36K | $28K | 10x | as long as short |
| Bybit PENDLEUSDT | −0.135% | +0.0100% | 8h | $16.0M | $12.0M | 50x | as long as short |
| Binance PENDLEUSDT | −0.120% | +0.0072% | 8h | $28.1M | $36.0M | 75x | as long as short |
| MEXC PENDLE_USDT | −0.107% | +0.0072% | 8h | $17.1M | $2.1M | 125x | as long as short |
| BingX PENDLE-USDTshort | −0.107% | +0.0100% | 8h | — | $34.3M | — | |
| edgeX PENDLEUSDC | −0.105% | +0.0100% | 4h | $25K | $417K | 10x | as long as short |
| Aster PENDLEUSDT | −0.096% | −0.0004% | 8h | $52K | $139K | 10x | as long as short |
| OKX PENDLE-USDT-SWAP | −0.096% | +0.0100% | 4h | $3.4M | $5.4M | 50x | as long as short |