After costs, if the gap returns to its 7d average, $10k−$598
spread now−0.384%7d average−0.123%fees + slippage, in and out−$572spread needed5.721%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_PENDLEUSD | 2.5810 | 0.1751 | pay 0.0219% / 1h | 22m 05s | $163K | $231K | 20x |
| Short | Aster PENDLEUSDT | 2.5711 | 0.0005 | get 0.0005% / 8h | 7h 22m | $51K | $130K | 10x |
Kraken Futures PF_PENDLEUSD
Aster 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
- −$38.44
- Funding while held
- −$52.38
- Slippage, 4 orders
- −$554.05
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$662.87
- Spread needed to break even
- 5.721%
Slippage from Kraken Futures: live order book, 22 min ago; Aster: live order book, 37 min ago.
Cost of waiting
funding view- Funding /8h
- −0.1746%
- Per $10,000 a day
- −$52.38
- 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 Kraken Futures live order book, 22 min ago | 15.37 bp | 97.6 bp −$98 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aster live order book, 37 min ago | 4.25 bp | 147.2 bp −$147 | doesn't fit | doesn't fit | doesn't fit |
PENDLE price on every exchange
against the cheapest. Click to use as the short leg.Injective2.5600cheapestBybit2.5679+0.309%Bitget2.5682+0.320%Gate2.5690+0.352%Reya2.5695+0.371%BingX2.5696+0.375%Binance2.5699+0.386%OKX2.5700+0.391%MEXC2.5703+0.402%KuCoin2.5705+0.410%Extended2.5707+0.419%
Injective
Bybit
Bitget
Gate
Reya
BingX
Binance
OKX
MEXC
KuCoin
ExtendedAster2.5711+0.434%
Polymarket Perps2.5711+0.434%Aevo2.5714+0.445%Lighter2.5718+0.461%Deribit2.5721+0.473%Orderly2.5722+0.477%GMX2.5726+0.494%SunX2.5734+0.523%Hyperliquid2.5747+0.574%Paradex2.5750+0.585%Coinbase International2.5750+0.586%Backpack2.5757+0.613%BloFin2.5770+0.664%Variational Omni2.5785+0.724%ApeX Omni2.5793+0.754%dYdX2.5793+0.754%edgeX2.5798+0.774%
Polymarket Perps
Aevo
Lighter
Deribit
Orderly
GMX
SunX
Hyperliquid
Paradex
Coinbase International
Backpack
BloFin
Variational Omni
ApeX Omni
dYdXKraken Futures2.5810+0.821%
PENDLE on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PENDLE/USDC PERP | −0.814% | −0.1875% | 1h | $2K | $6K | 5.5x | as long as short |
| Bybit PENDLEUSDT | −0.508% | −0.0142% | 8h | $16.0M | $11.9M | 50x | as long as short |
| Bitget PENDLEUSDT | −0.497% | +0.0100% | 8h | $3.8M | $2.6M | 75x | as long as short |
| Gate PENDLE_USDT | −0.466% | +0.0100% | 8h | $817K | $1.1M | 75x | as long as short |
| Reya PENDLERUSDPERP | −0.446% | +0.0012% | 1h | $4K | — | 15x | as long as short |
| BingX PENDLE-USDT | −0.442% | +0.0100% | 8h | — | $34.3M | — | as long as short |
| Binance PENDLEUSDT | −0.432% | +0.0100% | 8h | $28.5M | $34.0M | 75x | as long as short |
| OKX PENDLE-USDT-SWAP | −0.427% | +0.0100% | 4h | $3.3M | $5.1M | 50x | as long as short |
| MEXC PENDLE_USDT | −0.415% | +0.0099% | 8h | $16.8M | $2.1M | 125x | as long as short |
| KuCoin PENDLEUSDTM | −0.408% | +0.0100% | 8h | $949K | $542K | 50x | as long as short |