Spread before costs (cost unknown: a leg has no order-book sample)−0.044%
7d average—if it closes, per $10,000$4funding while held, a day−$3.11
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX PENDLE/USD [PENDLE-USDC] | 2.5581 | L +0.0200% / S −0.0272% | pay 0.0025% / 1h | 23m 08s | $5K | — | 100x |
| Short | Lighter PENDLE | 2.5570 | 0.0096 | get 0.0012% / 1h | 23m 08s | $559K | $356K | 5x |
GMX PENDLE/USD [PENDLE-USDC]
Lighter 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
- −$4.43
- Funding while held
- −$3.11
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$19.54
- Spread needed to break even
- 0.120%
Slippage unknown: GMX: no order-book sample; Lighter: live order book, 13 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0104%
- Per $10,000 a day
- −$3.11
- 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 Lighter live order book, 13 min ago | 9.77 bp | 10.7 bp −$11 | 101.3 bp −$1,013 | 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.Injective2.5290cheapestParadex2.5539+0.984%Aster2.5546+1.013%dYdX2.5552+1.035%KuCoin2.5554+1.044%Bybit2.5560+1.068%Extended2.5560+1.069%BloFin2.5561+1.072%Aevo2.5562+1.078%Bitget2.5565+1.087%edgeX2.5568+1.097%ApeX Omni2.5568+1.099%Reya2.5569+1.105%
Injective
Paradex
Aster
dYdX
KuCoin
Bybit
Extended
BloFin
Aevo
Bitget
ApeX Omni
ReyaLighter2.5570+1.107%
Orderly2.5571+1.111%Binance2.5575+1.127%Polymarket Perps2.5576+1.131%MEXC2.5578+1.139%BingX2.5578+1.139%Deribit2.5579+1.143%OKX2.5580+1.147%
Orderly
Binance
Polymarket Perps
MEXC
BingX
Deribit
OKXGMX2.5581+1.152%
SunX2.5582+1.155%Gate2.5590+1.186%Coinbase International2.5600+1.226%Hyperliquid2.5611+1.269%Kraken Futures2.5624+1.322%Backpack2.5634+1.360%Variational Omni2.5646+1.409%
SunX
Gate
Coinbase International
Hyperliquid
Kraken Futures
Backpack
Variational OmniPENDLE on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PENDLE/USDC PERP | −1.139% | −0.4277% | 1h | $2K | $7K | 5.5x | as long as short |
| Paradex PENDLE-USD-PERP | −0.166% | +0.0100% | 8h | $36K | $29K | 10x | as long as short |
| Aster PENDLEUSDT | −0.137% | −0.0030% | 8h | $52K | $133K | 10x | as long as short |
| dYdX PENDLE-USD | −0.115% | 0.0000% | 1h | $11K | — | 5x | as long as short |
| KuCoin PENDLEUSDTM | −0.107% | +0.0100% | 8h | $948K | $566K | 50x | as long as short |
| Bybit PENDLEUSDT | −0.083% | +0.0100% | 8h | $15.9M | $11.7M | 50x | as long as short |
| Extended PENDLE-USD | −0.082% | +0.0056% | 1h | $168K | $518K | 10x | as long as short |
| BloFin PENDLE-USDT | −0.079% | +0.0038% | 8h | $1.4M | $814K | 75x | as long as short |
| Aevo PENDLE-PERP | −0.074% | +0.0096% | 1h | $27K | — | 3x | as long as short |
| Bitget PENDLEUSDT | −0.064% | +0.0100% | 8h | $3.8M | $2.5M | 75x | as long as short |