Spread before costs (cost unknown: a leg has no order-book sample)−0.030%
7d average—if it closes, per $10,000$3funding while held, a day−$14.08
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX PENDLE/USD [PENDLE-USDC] | 2.5839 | L +0.0200% / S −0.0272% | pay 0.0025% / 1h | 26m 21s | $5K | — | 100x |
| Short | Variational Omni PENDLE | 2.5831 | −0.0270 | pay 0.0270% / 8h | 7h 26m | $670K | $2.3M | — |
GMX PENDLE/USD [PENDLE-USDC]
Variational Omni 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
- −$2.97
- Funding while held
- −$14.08
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$29.05
- Spread needed to break even
- 0.120%
Slippage unknown: GMX: no order-book sample; Variational Omni: RFQ quote, 4 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0469%
- Per $10,000 a day
- −$14.08
- 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 Variational Omni RFQ quote, 4 min ago | 4.66 bp | doesn't fit | 63.1 bp −$631 | 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.Injective2.5600cheapestBybit2.5800+0.781%Extended2.5804+0.798%Bitget2.5806+0.805%Aevo2.5806+0.807%Gate2.5810+0.820%Binance2.5812+0.828%Paradex2.5815+0.841%Orderly2.5817+0.848%OKX2.5820+0.859%Deribit2.5821+0.863%BingX2.5822+0.867%SunX2.5826+0.883%Polymarket Perps2.5828+0.891%Reya2.5830+0.898%MEXC2.5831+0.902%
Injective
Bybit
Extended
Bitget
Aevo
Gate
Binance
Paradex
Orderly
OKX
Deribit
BingX
SunX
Polymarket Perps
Reya
MEXCVariational Omni2.5831+0.904%
Lighter2.5834+0.914%
LighterGMX2.5839+0.934%
KuCoin2.5842+0.945%BloFin2.5847+0.965%Aster2.5849+0.973%dYdX2.5850+0.978%ApeX Omni2.5856+1.000%edgeX2.5872+1.061%Hyperliquid2.5880+1.094%Coinbase International2.5880+1.094%Backpack2.5901+1.176%Kraken Futures2.5902+1.180%
KuCoin
BloFin
Aster
dYdX
ApeX Omni
Hyperliquid
Coinbase International
Backpack
Kraken FuturesPENDLE on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PENDLE/USDC PERP | −0.925% | −0.1875% | 1h | $2K | $6K | 5.5x | as long as short |
| Bybit PENDLEUSDT | −0.151% | −0.0122% | 8h | $16.1M | $11.9M | 50x | as long as short |
| Extended PENDLE-USD | −0.134% | +0.0104% | 1h | $170K | $520K | 10x | as long as short |
| Bitget PENDLEUSDT | −0.128% | +0.0100% | 8h | $3.9M | $2.6M | 75x | as long as short |
| Aevo PENDLE-PERP | −0.126% | +0.0104% | 1h | $27K | — | 3x | as long as short |
| Gate PENDLE_USDT | −0.113% | +0.0100% | 8h | $821K | $1.1M | 75x | as long as short |
| Binance PENDLEUSDT | −0.105% | +0.0100% | 8h | $28.7M | $33.9M | 75x | as long as short |
| Paradex PENDLE-USD-PERP | −0.092% | +0.0100% | 8h | $36K | $30K | 10x | as long as short |
| Orderly PERP_PENDLE_USDC | −0.086% | +0.0054% | 8h | $20K | $4K | 10x | as long as short |
| OKX PENDLE-USDT-SWAP | −0.074% | +0.0100% | 4h | $3.2M | $5.0M | 50x | as long as short |