After costs, if the gap returns to its 7d average, $10k−$32
spread now+0.345%7d average−0.052%fees + slippage, in and out−$71spread needed0.715%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid PENDLE | 2.6070 | 0.0100 | pay 0.0013% / 1h | 18m 14s | $12.3M | $5.1M | 5x |
| Short | Coinbase International PENDLE-PERP-INTX | 2.6160 | 0.0496 | get 0.0062% / 1h | 18m 14s | $100K | $396K | 25x |
Hyperliquid PENDLE
Coinbase International PENDLE-PERP-INTXPrice 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
- $34.52
- Funding while held
- $11.88
- Slippage, 4 orders
- −$52.46
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$25.06
- Spread needed to break even
- 0.715%
Slippage from Hyperliquid: live order book, 6 min ago; Coinbase International: live order book, 31 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0396%
- Per $10,000 a day
- +$11.88
- 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, 6 min ago | 1.34 bp | 12.1 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 31 min ago | 5.63 bp | 28.4 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
PENDLE price on every exchange
against the cheapest. Click to use as the short leg.Injective2.5940cheapestBitget2.5984+0.170%Extended2.5995+0.212%BingX2.6004+0.247%Reya2.6015+0.290%Lighter2.6016+0.293%Orderly2.6018+0.301%Bybit2.6020+0.308%MEXC2.6020+0.308%KuCoin2.6020+0.308%Deribit2.6021+0.312%GMX2.6023+0.319%OKX2.6030+0.347%Gate2.6030+0.347%Polymarket Perps2.6031+0.351%Aevo2.6034+0.362%SunX2.6043+0.397%Binance2.6045+0.406%Aster2.6049+0.420%Paradex2.6052+0.431%BloFin2.6064+0.478%
Injective
Bitget
Extended
BingX
Reya
Lighter
Orderly
Bybit
MEXC
KuCoin
Deribit
GMX
OKX
Gate
Polymarket Perps
Aevo
SunX
Binance
Aster
Paradex
BloFinHyperliquid2.6070+0.501%
Variational Omni2.6073+0.512%Kraken Futures2.6078+0.534%dYdX2.6082+0.547%Backpack2.6099+0.613%ApeX Omni2.6132+0.740%edgeX2.6141+0.776%
Variational Omni
Kraken Futures
dYdX
Backpack
ApeX OmniCoinbase International2.6160+0.848%
PENDLE on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PENDLE/USDC PERP | −0.499% | −0.1178% | 1h | $2K | $6K | 5.5x | as long as short |
| Bitget PENDLEUSDT | −0.330% | +0.0100% | 8h | $3.9M | $2.6M | 75x | as long as short |
| Extended PENDLE-USD | −0.288% | +0.0104% | 1h | $172K | $520K | 10x | as long as short |
| BingX PENDLE-USDT | −0.253% | +0.0100% | 8h | — | $34.2M | — | as long as short |
| Reya PENDLERUSDPERP | −0.210% | +0.0007% | 1h | $4K | — | 15x | as long as short |
| Lighter PENDLE | −0.207% | +0.0096% | 1h | $566K | $359K | 5x | as long as short |
| Orderly PERP_PENDLE_USDC | −0.199% | +0.0054% | 8h | $21K | $4K | 10x | as long as short |
| Bybit PENDLEUSDT | −0.192% | −0.0242% | 8h | $16.2M | $11.5M | 50x | as long as short |
| MEXC PENDLE_USDT | −0.192% | +0.0100% | 8h | $16.9M | $2.1M | 125x | as long as short |
| KuCoin PENDLEUSDTM | −0.192% | +0.0100% | 8h | $1.0M | $484K | 50x | as long as short |