Spread before costs (cost unknown: a leg has no order-book sample)+1.506%
7d average—if it closes, per $10,000$151funding while held, a day+$129.97
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective PENDLE/USDC PERP | 2.5110 | −0.4277 | get 0.0535% / 1h | 38m 10s | $2K | $7K | 5.5x |
| Short | Binance PENDLEUSDT | 2.5488 | 0.0056 | get 0.0056% / 8h | 6h 38m | $28.0M | $34.9M | 75x |
Injective PENDLE/USDC PERP
Binance 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
- $150.62
- Funding while held
- $129.97
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $270.57
- Spread needed to break even
- 0.100%
Slippage unknown: Injective: no order-book sample; Binance: live order book, 5 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.4332%
- Per $10,000 a day
- +$129.97
- 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 Injective no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 5 min ago | 0.20 bp | 6.9 bp −$7 | 23.8 bp −$238 | 101.4 bp −$10.1K | doesn't fit |
Injective: 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.Injective2.5110cheapest
BloFin2.5429+1.270%Bybit2.5472+1.442%Bitget2.5474+1.450%Aster2.5474+1.450%Extended2.5477+1.463%Aevo2.5480+1.472%Gate2.5480+1.474%MEXC2.5480+1.474%edgeX2.5482+1.483%KuCoin2.5483+1.485%Lighter2.5488+1.505%
BloFin
Bybit
Bitget
Aster
Extended
Aevo
Gate
MEXC
KuCoin
LighterBinance2.5488+1.506%
BingX2.5489+1.509%dYdX2.5489+1.510%OKX2.5490+1.513%ApeX Omni2.5491+1.517%Reya2.5491+1.518%Orderly2.5494+1.529%Variational Omni2.5496+1.539%Deribit2.5497+1.541%Paradex2.5498+1.546%Polymarket Perps2.5505+1.573%GMX2.5510+1.593%Coinbase International2.5520+1.633%Hyperliquid2.5520+1.634%SunX2.5522+1.641%Kraken Futures2.5529+1.670%Backpack2.5534+1.689%
BingX
dYdX
OKX
ApeX Omni
Reya
Orderly
Variational Omni
Deribit
Paradex
Polymarket Perps
GMX
Coinbase International
Hyperliquid
SunX
Kraken Futures
BackpackPENDLE on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PENDLE/USDC PERPlong | 0.000% | −0.4277% | 1h | $2K | $7K | 5.5x | |
| BloFin PENDLE-USDT | +1.270% | +0.0043% | 8h | $1.4M | $844K | 75x | as long as short |
| Bybit PENDLEUSDT | +1.442% | +0.0084% | 8h | $15.9M | $11.7M | 50x | as long as short |
| Bitget PENDLEUSDT | +1.450% | +0.0100% | 8h | $3.8M | $2.6M | 75x | as long as short |
| Aster PENDLEUSDT | +1.450% | −0.0036% | 8h | $51K | $133K | 10x | as long as short |
| Extended PENDLE-USD | +1.463% | +0.0056% | 1h | $167K | $520K | 10x | as long as short |
| Aevo PENDLE-PERP | +1.472% | +0.0096% | 1h | $27K | — | 3x | as long as short |
| Gate PENDLE_USDT | +1.474% | +0.0072% | 8h | $819K | $1.1M | 75x | as long as short |
| MEXC PENDLE_USDT | +1.474% | +0.0057% | 8h | $16.8M | $2.2M | 125x | as long as short |
| edgeX PENDLEUSDC | +1.483% | +0.0100% | 4h | $25K | $415K | 10x | as long as short |