Spread before costs (cost unknown: a leg has no order-book sample)+0.833%
7d average—if it closes, per $10,000$83funding while held, a day+$137.17
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective PENDLE/USDC PERP | 2.5250 | −0.4300 | get 0.0538% / 1h | 55m 25s | $2K | $7K | 5.5x |
| Short | GMX PENDLE/USD [PENDLE-USDC] | 2.5460 | L +0.0200% / S −0.0272% | get 0.0034% / 1h | 55m 25s | $5K | — | 100x |
Injective PENDLE/USDC PERP
GMX PENDLE/USD [PENDLE-USDC]Price 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
- $83.29
- Funding while held
- $137.17
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $208.43
- Spread needed to break even
- 0.120%
Slippage unknown: Injective: no order-book sample; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.4572%
- Per $10,000 a day
- +$137.17
- 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 GMX no order-book sample | — | — | — | — | — |
Injective and GMX: 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.Injective2.5250cheapest
Bybit2.5435+0.733%Paradex2.5438+0.745%Binance2.5443+0.764%Bitget2.5443+0.764%Reya2.5445+0.771%MEXC2.5445+0.772%Lighter2.5447+0.780%Extended2.5447+0.781%KuCoin2.5449+0.788%OKX2.5450+0.792%Gate2.5450+0.792%BingX2.5452+0.800%Orderly2.5452+0.800%
Bybit
Paradex
Binance
Bitget
Reya
MEXC
Lighter
Extended
KuCoin
OKX
Gate
BingX
OrderlyGMX2.5460+0.833%
Aster2.5465+0.853%Variational Omni2.5465+0.853%dYdX2.5467+0.860%Kraken Futures2.5468+0.863%Polymarket Perps2.5471+0.875%Aevo2.5473+0.885%SunX2.5476+0.895%Deribit2.5476+0.895%Hyperliquid2.5479+0.905%BloFin2.5479+0.907%ApeX Omni2.5502+0.998%edgeX2.5509+1.028%Backpack2.5522+1.077%Coinbase International2.5530+1.109%
Aster
Variational Omni
dYdX
Kraken Futures
Polymarket Perps
Aevo
SunX
Deribit
Hyperliquid
BloFin
ApeX Omni
Backpack
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 PERPlong | 0.000% | −0.4300% | 1h | $2K | $7K | 5.5x | |
| Bybit PENDLEUSDT | +0.733% | +0.0100% | 8h | $15.8M | $11.9M | 50x | as long as short |
| Paradex PENDLE-USD-PERP | +0.745% | +0.0100% | 8h | $36K | $26K | 10x | as long as short |
| Binance PENDLEUSDT | +0.764% | +0.0061% | 8h | $27.9M | $36.4M | 75x | as long as short |
| Bitget PENDLEUSDT | +0.764% | +0.0100% | 8h | $3.8M | $2.6M | 75x | as long as short |
| Reya PENDLERUSDPERP | +0.771% | +0.0024% | 1h | $4K | — | 15x | as long as short |
| MEXC PENDLE_USDT | +0.772% | +0.0063% | 8h | $17.0M | $2.2M | 125x | as long as short |
| Lighter PENDLE | +0.780% | +0.0096% | 1h | $556K | $358K | 5x | as long as short |
| Extended PENDLE-USD | +0.781% | +0.0064% | 1h | $168K | $519K | 10x | as long as short |
| KuCoin PENDLEUSDTM | +0.788% | +0.0100% | 8h | $933K | $599K | 50x | as long as short |