After costs, if the gap returns to its 7d average, $10k−$22
spread now+0.074%7d average−0.093%fees + slippage, in and out−$39spread needed0.386%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid PENDLE | 2.5545 | 0.0100 | pay 0.0013% / 1h | 55m 34s | $12.2M | $5.4M | 5x |
| Short | MEXC PENDLE_USDT | 2.5564 | 0.0062 | get 0.0062% / 8h | 5h 55m | $17.0M | $2.1M | 125x |
Hyperliquid PENDLE
MEXC PENDLE_USDTPrice 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
- $7.44
- Funding while held
- −$1.14
- Slippage, 4 orders
- −$25.55
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$32.25
- Spread needed to break even
- 0.386%
Slippage from Hyperliquid: live order book, 9 min ago; MEXC: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0038%
- Per $10,000 a day
- −$1.14
- 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, 9 min ago | 2.16 bp | 11.7 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 2.54 bp | 7.2 bp −$7 | 28.3 bp −$283 | 82.4 bp −$8,240 | doesn't fit |
PENDLE price on every exchange
against the cheapest. Click to use as the short leg.Injective2.5280cheapestVariational Omni2.5497+0.860%Aster2.5510+0.909%Gate2.5510+0.910%ApeX Omni2.5515+0.930%SunX2.5523+0.961%Reya2.5524+0.967%Kraken Futures2.5530+0.989%Aevo2.5531+0.993%dYdX2.5532+0.996%Orderly2.5536+1.013%KuCoin2.5539+1.025%GMX2.5540+1.027%Deribit2.5542+1.036%
Injective
Variational Omni
Aster
Gate
ApeX Omni
SunX
Reya
Kraken Futures
Aevo
dYdX
Orderly
KuCoin
GMX
DeribitHyperliquid2.5545+1.048%
Bitget2.5545+1.048%Polymarket Perps2.5545+1.048%Binance2.5546+1.053%Bybit2.5549+1.064%Lighter2.5553+1.080%BingX2.5561+1.112%BloFin2.5562+1.116%Paradex2.5563+1.121%
Bitget
Polymarket Perps
Binance
Bybit
Lighter
BingX
BloFin
ParadexMEXC2.5564+1.123%
Extended2.5567+1.136%Backpack2.5571+1.151%edgeX2.5577+1.174%OKX2.5580+1.187%Coinbase International2.5590+1.226%
Extended
Backpack
OKX
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 | −1.037% | −0.4421% | 1h | $2K | $7K | 5.5x | as long as short |
| Variational Omni PENDLE | −0.186% | −0.0161% | 8h | $657K | $2.3M | — | as long as short |
| Aster PENDLEUSDT | −0.137% | −0.0019% | 8h | $51K | $138K | 10x | as long as short |
| Gate PENDLE_USDT | −0.137% | +0.0100% | 8h | $822K | $1.0M | 75x | as long as short |
| ApeX Omni PENDLEUSDT | −0.117% | +0.0100% | 1h | $78K | $237K | 50x | as long as short |
| SunX PENDLE-USDT | −0.086% | +0.0100% | 8h | $1K | $1.6M | 20x | as long as short |
| Reya PENDLERUSDPERP | −0.080% | +0.0019% | 1h | $4K | — | 15x | as long as short |
| Kraken Futures PF_PENDLEUSD | −0.058% | +0.1430% | 1h | $156K | $283K | 20x | as long as short |
| Aevo PENDLE-PERP | −0.055% | +0.0096% | 1h | $27K | — | 3x | as long as short |
| dYdX PENDLE-USD | −0.052% | 0.0000% | 1h | $11K | — | 5x | as long as short |