Spread before costs (cost unknown: a leg has no order-book sample)−0.223%
7d average—if it closes, per $10,000$22funding 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] | 2.5501 | L +0.0200% / S −0.0272% | pay 0.0025% / 1h | 26m 44s | $5K | — | 100x |
| Short | Paradex PENDLE-USD-PERP | 2.5444 | 0.0100 | get 0.0100% / 8h | 5h 26m | $36K | $28K | 10x |
GMX PENDLE/USD [PENDLE-USDC]
Paradex PENDLE-USD-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
- −$22.26
- Funding while held
- −$2.99
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$41.25
- Spread needed to break even
- 0.160%
Slippage unknown: GMX: no order-book sample; Paradex: no order-book sample. 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 Paradex no order-book sample | — | — | — | — | — |
GMX and Paradex: 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
InjectiveParadex2.5444+0.650%
Bitget2.5445+0.653%Extended2.5449+0.669%Bybit2.5450+0.672%Binance2.5453+0.685%MEXC2.5457+0.700%BloFin2.5467+0.740%OKX2.5470+0.752%BingX2.5472+0.759%Lighter2.5478+0.783%Aevo2.5486+0.815%Orderly2.5489+0.827%Reya2.5489+0.827%SunX2.5491+0.835%Deribit2.5492+0.839%Aster2.5493+0.843%Variational Omni2.5496+0.855%Kraken Futures2.5498+0.861%Gate2.5500+0.870%dYdX2.5501+0.874%
Bitget
Extended
Bybit
Binance
MEXC
BloFin
OKX
BingX
Lighter
Aevo
Orderly
Reya
SunX
Deribit
Aster
Variational Omni
Kraken Futures
Gate
dYdXGMX2.5501+0.875%
KuCoin2.5507+0.898%Hyperliquid2.5509+0.906%Coinbase International2.5510+0.910%edgeX2.5511+0.912%Polymarket Perps2.5514+0.926%ApeX Omni2.5516+0.934%Backpack2.5528+0.981%
KuCoin
Hyperliquid
Coinbase International
Polymarket Perps
ApeX Omni
BackpackPENDLE on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PENDLE/USDC PERP | −0.867% | −0.4421% | 1h | $2K | $7K | 5.5x | as long as short |
| Paradex PENDLE-USD-PERPshort | −0.223% | +0.0100% | 8h | $36K | $28K | 10x | |
| Bitget PENDLEUSDT | −0.220% | +0.0100% | 8h | $3.9M | $2.6M | 75x | as long as short |
| Extended PENDLE-USD | −0.204% | +0.0064% | 1h | $168K | $519K | 10x | as long as short |
| Bybit PENDLEUSDT | −0.201% | +0.0100% | 8h | $15.9M | $11.9M | 50x | as long as short |
| Binance PENDLEUSDT | −0.188% | +0.0061% | 8h | $27.9M | $36.0M | 75x | as long as short |
| MEXC PENDLE_USDT | −0.173% | +0.0062% | 8h | $17.0M | $2.2M | 125x | as long as short |
| BloFin PENDLE-USDT | −0.134% | +0.0061% | 8h | $1.4M | $817K | 75x | as long as short |
| OKX PENDLE-USDT-SWAP | −0.122% | +0.0100% | 4h | $3.3M | $5.3M | 50x | as long as short |
| BingX PENDLE-USDT | −0.114% | +0.0100% | 8h | — | $34.2M | — | as long as short |