Spread before costs (cost unknown: a leg has no order-book sample)−0.031%
7d average—if it closes, per $10,000$3funding while held, a day−$1.38
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid PENDLE | 2.6171 | 0.0100 | pay 0.0013% / 1h | 21m 29s | $12.3M | $5.1M | 5x |
| Short | Orderly PERP_PENDLE_USDC | 2.6163 | 0.0054 | get 0.0054% / 8h | 21m 29s | $21K | $4K | 10x |
Hyperliquid PENDLE
Orderly PERP_PENDLE_USDCPrice 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
- −$3.06
- Funding while held
- −$1.38
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$19.44
- Spread needed to break even
- 0.150%
Slippage unknown: Hyperliquid: live order book, 3 min ago; Orderly: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0046%
- Per $10,000 a day
- −$1.38
- 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, 3 min ago | 1.34 bp | 12.1 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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.Injective2.5940cheapestGate2.6110+0.655%Extended2.6116+0.680%Variational Omni2.6118+0.685%Paradex2.6123+0.705%Bitget2.6123+0.705%Coinbase International2.6130+0.732%KuCoin2.6131+0.736%Aevo2.6132+0.738%BingX2.6134+0.748%Aster2.6136+0.756%Polymarket Perps2.6137+0.759%Reya2.6139+0.767%OKX2.6140+0.771%Lighter2.6144+0.786%dYdX2.6145+0.790%Deribit2.6146+0.794%Bybit2.6150+0.810%Binance2.6150+0.811%edgeX2.6152+0.818%MEXC2.6153+0.821%BloFin2.6155+0.829%GMX2.6156+0.832%
Injective
Gate
Extended
Variational Omni
Paradex
Bitget
Coinbase International
KuCoin
Aevo
BingX
Aster
Polymarket Perps
Reya
OKX
Lighter
dYdX
Deribit
Bybit
Binance
MEXC
BloFin
GMXOrderly2.6163+0.860%
Kraken Futures2.6167+0.877%SunX2.6168+0.879%
Kraken Futures
SunXHyperliquid2.6171+0.891%
ApeX Omni2.6174+0.902%Backpack2.6181+0.929%
ApeX Omni
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 | −0.883% | −0.1178% | 1h | $2K | $6K | 5.5x | as long as short |
| Gate PENDLE_USDT | −0.233% | −0.0011% | 8h | $813K | $1.1M | 75x | as long as short |
| Extended PENDLE-USD | −0.209% | +0.0104% | 1h | $172K | $520K | 10x | as long as short |
| Variational Omni PENDLE | −0.203% | −0.0253% | 8h | $847K | $2.2M | — | as long as short |
| Paradex PENDLE-USD-PERP | −0.184% | +0.0100% | 8h | $37K | $30K | 10x | as long as short |
| Bitget PENDLEUSDT | −0.183% | +0.0100% | 8h | $3.9M | $2.6M | 75x | as long as short |
| Coinbase International PENDLE-PERP-INTX | −0.157% | +0.0496% | 1h | $100K | $400K | 25x | as long as short |
| KuCoin PENDLEUSDTM | −0.153% | +0.0100% | 8h | $1.0M | $484K | 50x | as long as short |
| Aevo PENDLE-PERP | −0.151% | +0.0104% | 1h | $27K | — | 3x | as long as short |
| BingX PENDLE-USDT | −0.141% | +0.0100% | 8h | — | $34.2M | — | as long as short |