Spread before costs (cost unknown: a leg has no order-book sample)−1.435%
7d average—if it closes, per $10,000$144funding while held, a day−$138.61
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX PENDLE/USD [PENDLE-USDC] | 2.5648 | L +0.0200% / S −0.0272% | pay 0.0025% / 1h | 41m 45s | $5K | — | 100x |
| Short | Injective PENDLE/USDC PERP | 2.5280 | −0.4421 | pay 0.0553% / 1h | 41m 45s | $2K | $7K | 5.5x |
GMX PENDLE/USD [PENDLE-USDC]
Injective PENDLE/USDC PERPPrice 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
- −$143.53
- Funding while held
- −$138.61
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$294.16
- Spread needed to break even
- 0.120%
Slippage unknown: GMX: no order-book sample; Injective: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.4620%
- Per $10,000 a day
- −$138.61
- 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 Injective no order-book sample | — | — | — | — | — |
GMX and Injective: 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.Injective2.5280cheapest
Bybit2.5576+1.171%Binance2.5582+1.196%Extended2.5585+1.208%Lighter2.5590+1.226%OKX2.5600+1.266%MEXC2.5601+1.270%BingX2.5603+1.278%Bitget2.5617+1.333%Kraken Futures2.5620+1.345%Hyperliquid2.5621+1.349%SunX2.5622+1.353%Gate2.5630+1.384%Aevo2.5630+1.385%BloFin2.5631+1.388%Paradex2.5631+1.390%Orderly2.5632+1.392%Aster2.5635+1.403%Deribit2.5635+1.404%Reya2.5635+1.406%KuCoin2.5640+1.424%dYdX2.5645+1.444%
Bybit
Binance
Extended
Lighter
OKX
MEXC
BingX
Bitget
Kraken Futures
Hyperliquid
SunX
Gate
Aevo
BloFin
Paradex
Orderly
Aster
Deribit
Reya
KuCoin
dYdXGMX2.5648+1.456%
Polymarket Perps2.5658+1.495%edgeX2.5664+1.519%Backpack2.5670+1.543%ApeX Omni2.5672+1.551%Variational Omni2.5676+1.565%Coinbase International2.5720+1.741%
Polymarket Perps
Backpack
ApeX Omni
Variational 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 PERPshort | −1.435% | −0.4421% | 1h | $2K | $7K | 5.5x | |
| Bybit PENDLEUSDT | −0.281% | +0.0100% | 8h | $16.0M | $12.0M | 50x | as long as short |
| Binance PENDLEUSDT | −0.257% | +0.0073% | 8h | $28.0M | $36.0M | 75x | as long as short |
| Extended PENDLE-USD | −0.244% | +0.0072% | 1h | $169K | $519K | 10x | as long as short |
| Lighter PENDLE | −0.227% | +0.0096% | 1h | $559K | $358K | 5x | as long as short |
| OKX PENDLE-USDT-SWAP | −0.188% | +0.0100% | 4h | $3.4M | $5.4M | 50x | as long as short |
| MEXC PENDLE_USDT | −0.184% | +0.0073% | 8h | $17.1M | $2.1M | 125x | as long as short |
| BingX PENDLE-USDT | −0.176% | +0.0100% | 8h | — | $34.2M | — | as long as short |
| Bitget PENDLEUSDT | −0.121% | +0.0100% | 8h | $3.9M | $2.7M | 75x | as long as short |
| Kraken Futures PF_PENDLEUSD | −0.109% | +0.1425% | 1h | $159K | $257K | 20x | as long as short |