Spread before costs (cost unknown: a leg has no order-book sample)−0.126%
7d average—if it closes, per $10,000$13funding while held, a day−$5.72
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX PENDLE/USD [PENDLE-USDC] | 2.5867 | L +0.0200% / S −0.0272% | pay 0.0025% / 1h | 57m 24s | $5K | — | 100x |
| Short | Reya PENDLERUSDPERP | 2.5834 | 0.0009 | get 0.0001% / 1h | 57m 24s | $4K | — | 15x |
GMX PENDLE/USD [PENDLE-USDC]
Reya PENDLERUSDPERPPrice 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
- −$12.62
- Funding while held
- −$5.72
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$36.34
- Spread needed to break even
- 0.180%
Slippage unknown: GMX: no order-book sample; Reya: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0191%
- Per $10,000 a day
- −$5.72
- 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 Reya no order-book sample | — | — | — | — | — |
GMX and Reya: 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.Injective2.5700cheapestBybit2.5828+0.498%Polymarket Perps2.5830+0.506%Bitget2.5831+0.510%
Injective
Bybit
Polymarket Perps
BitgetReya2.5834+0.521%
MEXC2.5839+0.541%Aevo2.5845+0.564%Extended2.5845+0.565%OKX2.5850+0.584%Orderly2.5852+0.591%Binance2.5857+0.611%Paradex2.5862+0.631%Variational Omni2.5865+0.643%
MEXC
Aevo
Extended
OKX
Orderly
Binance
Paradex
Variational OmniGMX2.5867+0.648%
BingX2.5871+0.665%Hyperliquid2.5872+0.669%KuCoin2.5879+0.696%Lighter2.5884+0.716%Gate2.5890+0.739%Aster2.5892+0.747%BloFin2.5895+0.759%dYdX2.5910+0.817%ApeX Omni2.5914+0.833%edgeX2.5922+0.863%Deribit2.5924+0.872%SunX2.5933+0.907%Backpack2.5961+1.016%Kraken Futures2.5977+1.076%Coinbase International2.5980+1.089%
BingX
Hyperliquid
KuCoin
Lighter
Gate
Aster
BloFin
dYdX
ApeX Omni
Deribit
SunX
Backpack
Kraken Futures
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 | −0.644% | −0.1875% | 1h | $2K | $6K | 5.5x | as long as short |
| Bybit PENDLEUSDT | −0.149% | −0.0119% | 8h | $16.2M | $11.6M | 50x | as long as short |
| Polymarket Perps PENDLE-USD | −0.141% | −0.0204% | 1h | $17K | $52K | 5x | as long as short |
| Bitget PENDLEUSDT | −0.138% | +0.0100% | 8h | $3.9M | $2.7M | 75x | as long as short |
| Reya PENDLERUSDPERPshort | −0.126% | +0.0009% | 1h | $4K | — | 15x | |
| MEXC PENDLE_USDT | −0.107% | +0.0100% | 8h | $16.7M | $2.1M | 125x | as long as short |
| Aevo PENDLE-PERP | −0.084% | +0.0104% | 1h | $27K | — | 3x | as long as short |
| Extended PENDLE-USD | −0.083% | +0.0104% | 1h | $171K | $520K | 10x | as long as short |
| OKX PENDLE-USDT-SWAP | −0.064% | +0.0100% | 4h | $3.2M | $4.9M | 50x | as long as short |
| Orderly PERP_PENDLE_USDC | −0.056% | +0.0055% | 8h | $20K | $5K | 10x | as long as short |