Spread before costs (cost unknown: a leg has no order-book sample)+1.390%
7d average—if it closes, per $10,000$139funding while held, a day+$109.06
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective PENDLE/USDC PERP | 2.5320 | −0.1875 | get 0.0234% / 1h | 16m 46s | $2K | $6K | 5.5x |
| Short | Kraken Futures PF_PENDLEUSD | 2.5672 | 0.1760 | get 0.0220% / 1h | 16m 46s | $144K | $252K | 20x |
Injective PENDLE/USDC PERP
Kraken Futures PF_PENDLEUSDPrice 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
- $139.04
- Funding while held
- $109.06
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $238.08
- Spread needed to break even
- 0.100%
Slippage unknown: Injective: no order-book sample; Kraken Futures: live order book, 27 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.3635%
- Per $10,000 a day
- +$109.06
- 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 Kraken Futures live order book, 27 min ago | 15.37 bp | 48.8 bp −$49 | doesn't fit | doesn't fit | 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.Injective2.5320cheapest
edgeX2.5587+1.053%Extended2.5594+1.082%ApeX Omni2.5596+1.090%Aevo2.5598+1.096%MEXC2.5600+1.106%Reya2.5601+1.110%Polymarket Perps2.5602+1.114%BloFin2.5604+1.122%Paradex2.5605+1.124%Aster2.5605+1.126%Orderly2.5607+1.133%Deribit2.5613+1.157%Lighter2.5614+1.161%Bybit2.5622+1.193%KuCoin2.5623+1.197%Bitget2.5624+1.201%SunX2.5626+1.209%GMX2.5629+1.221%Gate2.5630+1.224%BingX2.5633+1.236%Binance2.5633+1.237%OKX2.5640+1.264%dYdX2.5645+1.284%Coinbase International2.5650+1.303%Backpack2.5655+1.323%Variational Omni2.5666+1.366%
Extended
ApeX Omni
Aevo
MEXC
Reya
Polymarket Perps
BloFin
Paradex
Aster
Orderly
Deribit
Lighter
Bybit
KuCoin
Bitget
SunX
GMX
Gate
BingX
Binance
OKX
dYdX
Coinbase International
Backpack
Variational OmniKraken Futures2.5672+1.390%
Hyperliquid2.5698+1.493%
HyperliquidPENDLE 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% | −0.1875% | 1h | $2K | $6K | 5.5x | |
| edgeX PENDLEUSDC | +1.053% | +0.0100% | 4h | $25K | $417K | 10x | as long as short |
| Extended PENDLE-USD | +1.082% | +0.0088% | 1h | $168K | $520K | 10x | as long as short |
| ApeX Omni PENDLEUSDT | +1.090% | +0.0080% | 1h | $78K | $237K | 50x | as long as short |
| Aevo PENDLE-PERP | +1.096% | +0.0104% | 1h | $27K | — | 3x | as long as short |
| MEXC PENDLE_USDT | +1.106% | +0.0089% | 8h | $16.8M | $2.1M | 125x | as long as short |
| Reya PENDLERUSDPERP | +1.110% | +0.0012% | 1h | $4K | — | 15x | as long as short |
| Polymarket Perps PENDLE-USD | +1.114% | +0.0100% | 1h | $16K | $39K | 5x | as long as short |
| BloFin PENDLE-USDT | +1.122% | +0.0096% | 8h | $1.4M | $850K | 75x | as long as short |
| Paradex PENDLE-USD-PERP | +1.124% | +0.0100% | 8h | $36K | $30K | 10x | as long as short |