After costs, if the gap returns to its 7d average, $10k−$162
spread now−0.004%7d average−0.018%fees + slippage, in and out−$164spread needed1.638%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_PENDLEUSD | 2.5902 | 0.1745 | pay 0.0218% / 1h | 26m 16s | $163K | $233K | 20x |
| Short | Backpack PENDLE_USDC_PERP | 2.5901 | 0.0268 | get 0.0033% / 1h | 26m 16s | $373K | $450K | 15x |
Kraken Futures PF_PENDLEUSD
Backpack PENDLE_USDC_PERPPrice 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
- −$0.39
- Funding while held
- −$44.31
- Slippage, 4 orders
- −$143.77
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$208.48
- Spread needed to break even
- 1.638%
Slippage from Kraken Futures: live order book, 18 min ago; Backpack: live order book, 19 min ago.
Cost of waiting
funding view- Funding /8h
- −0.1477%
- Per $10,000 a day
- −$44.31
- 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, 18 min ago | 15.37 bp | 97.6 bp −$98 | doesn't fit | doesn't fit | doesn't fit |
| Sell Backpack live order book, 19 min ago | 2.31 bp | 7.8 bp −$8 | 83.8 bp −$838 | doesn't fit | doesn't fit |
PENDLE price on every exchange
against the cheapest. Click to use as the short leg.Injective2.5600cheapestBybit2.5800+0.781%Extended2.5804+0.798%Bitget2.5806+0.805%Aevo2.5806+0.807%Gate2.5810+0.820%Binance2.5812+0.828%Paradex2.5815+0.841%Orderly2.5817+0.848%OKX2.5820+0.859%Deribit2.5821+0.863%BingX2.5822+0.867%SunX2.5826+0.883%Polymarket Perps2.5828+0.891%Reya2.5830+0.898%MEXC2.5831+0.902%Variational Omni2.5831+0.904%Lighter2.5834+0.914%GMX2.5839+0.934%KuCoin2.5842+0.945%BloFin2.5847+0.965%Aster2.5849+0.973%dYdX2.5850+0.978%ApeX Omni2.5856+1.000%edgeX2.5872+1.061%Hyperliquid2.5880+1.094%Coinbase International2.5880+1.094%
Injective
Bybit
Extended
Bitget
Aevo
Gate
Binance
Paradex
Orderly
OKX
Deribit
BingX
SunX
Polymarket Perps
Reya
MEXC
Variational Omni
Lighter
GMX
KuCoin
BloFin
Aster
dYdX
ApeX Omni
Hyperliquid
Coinbase InternationalBackpack2.5901+1.176%
Kraken Futures2.5902+1.180%
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 | −1.166% | −0.1875% | 1h | $2K | $6K | 5.5x | as long as short |
| Bybit PENDLEUSDT | −0.394% | −0.0122% | 8h | $16.1M | $11.9M | 50x | as long as short |
| Extended PENDLE-USD | −0.377% | +0.0104% | 1h | $170K | $520K | 10x | as long as short |
| Bitget PENDLEUSDT | −0.371% | +0.0100% | 8h | $3.9M | $2.6M | 75x | as long as short |
| Aevo PENDLE-PERP | −0.369% | +0.0104% | 1h | $27K | — | 3x | as long as short |
| Gate PENDLE_USDT | −0.355% | +0.0100% | 8h | $821K | $1.1M | 75x | as long as short |
| Binance PENDLEUSDT | −0.347% | +0.0100% | 8h | $28.7M | $33.9M | 75x | as long as short |
| Paradex PENDLE-USD-PERP | −0.335% | +0.0100% | 8h | $36K | $30K | 10x | as long as short |
| Orderly PERP_PENDLE_USDC | −0.328% | +0.0054% | 8h | $20K | $4K | 10x | as long as short |
| OKX PENDLE-USDT-SWAP | −0.317% | +0.0100% | 4h | $3.2M | $5.0M | 50x | as long as short |