Spread before costs (cost unknown: a leg has no order-book sample)−0.295%
7d average—if it closes, per $10,000$29funding while held, a day−$2.78
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid PENDLE | 2.6107 | 0.0100 | pay 0.0013% / 1h | 16m 38s | $12.3M | $5.1M | 5x |
| Short | Reya PENDLERUSDPERP | 2.6030 | 0.0007 | get 0.0001% / 1h | 16m 38s | $4K | — | 15x |
Hyperliquid PENDLE
Reya PENDLERUSDPERPPrice 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
- −$29.48
- Funding while held
- −$2.78
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$47.26
- Spread needed to break even
- 0.150%
Slippage unknown: Hyperliquid: live order book, 7 min ago; Reya: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0093%
- Per $10,000 a day
- −$2.78
- 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, 7 min ago | 1.34 bp | 12.1 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
Reya: 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.Injective2.5790cheapestGate2.6030+0.931%
Injective
GateReya2.6030+0.931%
BloFin2.6036+0.954%Orderly2.6044+0.985%Aevo2.6046+0.994%Deribit2.6048+1.000%GMX2.6049+1.004%Bybit2.6057+1.035%OKX2.6060+1.047%Bitget2.6060+1.047%BingX2.6063+1.059%Polymarket Perps2.6063+1.059%Extended2.6072+1.092%Variational Omni2.6073+1.096%SunX2.6075+1.105%dYdX2.6081+1.127%Aster2.6081+1.128%Lighter2.6084+1.140%KuCoin2.6085+1.144%Coinbase International2.6090+1.163%Binance2.6094+1.181%MEXC2.6098+1.194%Paradex2.6099+1.199%
BloFin
Orderly
Aevo
Deribit
GMX
Bybit
OKX
Bitget
BingX
Polymarket Perps
Extended
Variational Omni
SunX
dYdX
Aster
Lighter
KuCoin
Coinbase International
Binance
MEXC
ParadexHyperliquid2.6107+1.229%
Kraken Futures2.6112+1.247%Backpack2.6116+1.264%edgeX2.6141+1.362%ApeX Omni2.6158+1.427%
Kraken Futures
Backpack
ApeX OmniPENDLE on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PENDLE/USDC PERP | −1.214% | −0.1178% | 1h | $2K | $6K | 5.5x | as long as short |
| Gate PENDLE_USDT | −0.295% | −0.0008% | 8h | $808K | $1.1M | 75x | as long as short |
| Reya PENDLERUSDPERPshort | −0.295% | +0.0007% | 1h | $4K | — | 15x | |
| BloFin PENDLE-USDT | −0.272% | +0.0089% | 8h | $1.5M | $846K | 75x | as long as short |
| Orderly PERP_PENDLE_USDC | −0.241% | +0.0054% | 8h | $21K | $4K | 10x | as long as short |
| Aevo PENDLE-PERP | −0.232% | +0.0104% | 1h | $27K | — | 3x | as long as short |
| Deribit PENDLE_USDC-PERPETUAL | −0.226% | 0.0000% | 1h | $31K | $10K | 10x | as long as short |
| GMX PENDLE/USD [PENDLE-USDC] | −0.222% | L +0.0200% / S −0.0272% | 1h | $5K | — | 100x | as long as short |
| Bybit PENDLEUSDT | −0.192% | −0.0245% | 8h | $16.3M | $11.5M | 50x | as long as short |
| OKX PENDLE-USDT-SWAP | −0.180% | +0.0100% | 4h | $3.2M | $4.9M | 50x | as long as short |