After costs, if the gap returns to its 7d average, $10k−$63
spread now−0.149%7d average−0.144%fees + slippage, in and out−$63spread needed0.627%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid PENDLE | 2.5548 | 0.0100 | pay 0.0013% / 1h | 59m 26s | $12.3M | $5.4M | 5x |
| Short | Bybit PENDLEUSDT | 2.5510 | 0.0100 | get 0.0100% / 8h | 4h 59m | $15.9M | $11.9M | 50x |
Hyperliquid PENDLE
Bybit PENDLEUSDTPrice 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
- −$14.87
- Funding while held
- $0
- Slippage, 4 orders
- −$42.71
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$77.58
- Spread needed to break even
- 0.627%
Slippage from Hyperliquid: live order book, 5 min ago; Bybit: live order book, just now.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- 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 Hyperliquid live order book, 5 min ago | 1.57 bp | 12.8 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, just now | 1.96 bp | 18.4 bp −$18 | 69.0 bp −$690 | 1062.5 bp −$106.2K | doesn't fit |
PENDLE price on every exchange
against the cheapest. Click to use as the short leg.Injective2.5080cheapestBloFin2.5485+1.615%Gate2.5490+1.635%Variational Omni2.5496+1.657%edgeX2.5496+1.658%BingX2.5500+1.675%Orderly2.5502+1.683%Aster2.5503+1.688%Extended2.5505+1.695%Aevo2.5506+1.697%SunX2.5507+1.703%ApeX Omni2.5509+1.711%GMX2.5510+1.714%
Injective
BloFin
Gate
Variational Omni
BingX
Orderly
Aster
Extended
Aevo
SunX
ApeX Omni
GMXBybit2.5510+1.715%
Binance2.5512+1.722%MEXC2.5512+1.722%Paradex2.5513+1.725%Bitget2.5513+1.726%Deribit2.5515+1.734%dYdX2.5517+1.743%OKX2.5520+1.754%Reya2.5520+1.756%Lighter2.5521+1.758%KuCoin2.5521+1.758%Kraken Futures2.5528+1.786%Polymarket Perps2.5544+1.850%
Binance
MEXC
Paradex
Bitget
Deribit
dYdX
OKX
Reya
Lighter
KuCoin
Kraken Futures
Polymarket PerpsHyperliquid2.5548+1.866%
Coinbase International2.5550+1.874%Backpack2.5555+1.894%
Coinbase International
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 | −1.832% | −0.4421% | 1h | $2K | $7K | 5.5x | as long as short |
| BloFin PENDLE-USDT | −0.247% | +0.0067% | 8h | $1.4M | $820K | 75x | as long as short |
| Gate PENDLE_USDT | −0.227% | +0.0100% | 8h | $817K | $1.0M | 75x | as long as short |
| Variational Omni PENDLE | −0.205% | −0.0065% | 8h | $659K | $2.2M | — | as long as short |
| edgeX PENDLEUSDC | −0.205% | +0.0100% | 4h | $25K | $417K | 10x | as long as short |
| BingX PENDLE-USDT | −0.188% | +0.0100% | 8h | — | $34.3M | — | as long as short |
| Orderly PERP_PENDLE_USDC | −0.180% | +0.0039% | 8h | $20K | $4K | 10x | as long as short |
| Aster PENDLEUSDT | −0.175% | −0.0008% | 8h | $52K | $141K | 10x | as long as short |
| Extended PENDLE-USD | −0.168% | +0.0064% | 1h | $168K | $519K | 10x | as long as short |
| Aevo PENDLE-PERP | −0.166% | +0.0096% | 1h | $27K | — | 3x | as long as short |