After costs, if the gap returns to its 7d average, $10k−$92
spread now+0.509%7d average−0.162%fees + slippage, in and out−$159spread needed1.587%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_PENDLEUSD | 2.6016 | 0.1884 | pay 0.0235% / 1h | 2m 33s | $165K | $229K | 20x |
| Short | edgeX PENDLEUSDC | 2.6149 | 0.0100 | get 0.0050% / 4h | 2m 33s | $26K | $417K | 10x |
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
- $50.88
- Funding while held
- −$53.51
- Slippage, 4 orders
- −$139.71
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$161.33
- Spread needed to break even
- 1.587%
Slippage from Kraken Futures: live order book, 46 min ago; edgeX: live order book, 47 min ago.
Cost of waiting
funding view- Funding /8h
- −0.1784%
- Per $10,000 a day
- −$53.51
- 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, 46 min ago | 9.40 bp | 99.3 bp −$99 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 47 min ago | 1.69 bp | 6.9 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
PENDLE price on every exchange
against the cheapest. Click to use as the short leg.Injective2.5700cheapestCoinbase International2.5920+0.856%Bybit2.5930+0.895%Gate2.5940+0.934%Binance2.5940+0.934%Bitget2.5945+0.953%BingX2.5948+0.965%Extended2.5949+0.970%KuCoin2.5954+0.988%Polymarket Perps2.5958+1.004%Aevo2.5958+1.006%Paradex2.5959+1.007%OKX2.5960+1.012%BloFin2.5960+1.012%MEXC2.5963+1.023%Reya2.5967+1.039%SunX2.5971+1.054%Lighter2.5973+1.062%Orderly2.5973+1.062%Aster2.5976+1.075%GMX2.5979+1.087%Deribit2.5981+1.093%dYdX2.5983+1.099%Hyperliquid2.6004+1.183%Backpack2.6005+1.187%
Injective
Coinbase International
Bybit
Gate
Binance
Bitget
BingX
Extended
KuCoin
Polymarket Perps
Aevo
Paradex
OKX
BloFin
MEXC
Reya
SunX
Lighter
Orderly
Aster
GMX
Deribit
dYdX
Hyperliquid
BackpackKraken Futures2.6016+1.231%
Variational Omni2.6139+1.707%ApeX Omni2.6153+1.763%
Variational Omni
ApeX OmniPENDLE on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PENDLE/USDC PERP | −1.216% | −0.1178% | 1h | $2K | $6K | 5.5x | as long as short |
| Coinbase International PENDLE-PERP-INTX | −0.371% | +0.0496% | 1h | $111K | $413K | 25x | as long as short |
| Bybit PENDLEUSDT | −0.332% | −0.0241% | 8h | $16.2M | $11.5M | 50x | as long as short |
| Gate PENDLE_USDT | −0.294% | +0.0010% | 8h | $826K | $1.1M | 75x | as long as short |
| Binance PENDLEUSDT | −0.294% | +0.0100% | 8h | $28.9M | $33.1M | 75x | as long as short |
| Bitget PENDLEUSDT | −0.275% | +0.0100% | 8h | $3.9M | $2.6M | 75x | as long as short |
| BingX PENDLE-USDT | −0.263% | +0.0100% | 8h | — | $34.2M | — | as long as short |
| Extended PENDLE-USD | −0.259% | +0.0104% | 1h | $171K | $520K | 10x | as long as short |
| KuCoin PENDLEUSDTM | −0.240% | +0.0100% | 8h | $1.0M | $510K | 50x | as long as short |
| Polymarket Perps PENDLE-USD | −0.225% | −0.0056% | 1h | $17K | $53K | 5x | as long as short |