Spread before costs (cost unknown: a leg has no order-book sample)+0.028%
7d average—if it closes, per $10,000$3funding while held, a day−$3.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin PENDLEUSDTM | 2.5504 | 0.0100 | pay 0.0100% / 8h | 6h 07m | $939K | $601K | 50x |
| Short | dYdX PENDLE-USD | 2.5511 | 0 | get 0.0000% / 1h | 7m 19s | $11K | — | 5x |
KuCoin PENDLEUSDTM
dYdX PENDLE-USDPrice 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
- $2.75
- Funding while held
- −$3
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$22.25
- Spread needed to break even
- 0.220%
Slippage unknown: KuCoin: live order book, 33 min ago; dYdX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0100%
- Per $10,000 a day
- −$3.00
- 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 KuCoin live order book, 33 min ago | 6.89 bp | 24.2 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
| Sell dYdX no order-book sample | — | — | — | — | — |
dYdX: 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.Injective2.5200cheapestedgeX2.5472+1.079%ApeX Omni2.5477+1.099%BloFin2.5486+1.135%Gate2.5490+1.151%Aster2.5495+1.171%
Injective
ApeX Omni
BloFin
Gate
AsterKuCoin2.5504+1.206%
Paradex2.5507+1.219%Bybit2.5508+1.222%Backpack2.5508+1.222%
Paradex
Bybit
BackpackdYdX2.5511+1.234%
Bitget2.5512+1.238%Extended2.5515+1.251%Lighter2.5516+1.254%Binance2.5521+1.274%MEXC2.5525+1.290%Aevo2.5525+1.291%Reya2.5526+1.293%Orderly2.5526+1.294%BingX2.5527+1.298%SunX2.5530+1.310%Deribit2.5535+1.329%OKX2.5540+1.349%Polymarket Perps2.5542+1.357%GMX2.5548+1.383%Coinbase International2.5560+1.429%Kraken Futures2.5562+1.438%Hyperliquid2.5566+1.452%Variational Omni2.5567+1.457%
Bitget
Extended
Lighter
Binance
MEXC
Aevo
Reya
Orderly
BingX
SunX
Deribit
OKX
Polymarket Perps
GMX
Coinbase International
Kraken Futures
Hyperliquid
Variational 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 | −1.192% | −0.4277% | 1h | $2K | $7K | 5.5x | as long as short |
| edgeX PENDLEUSDC | −0.126% | +0.0100% | 4h | $25K | $415K | 10x | as long as short |
| ApeX Omni PENDLEUSDT | −0.106% | +0.0100% | 1h | $78K | $237K | 50x | as long as short |
| BloFin PENDLE-USDT | −0.071% | +0.0051% | 8h | $1.4M | $814K | 75x | as long as short |
| Gate PENDLE_USDT | −0.055% | +0.0098% | 8h | $823K | $1.1M | 75x | as long as short |
| Aster PENDLEUSDT | −0.035% | −0.0033% | 8h | $51K | $137K | 10x | as long as short |
| KuCoin PENDLEUSDTMlong | 0.000% | +0.0100% | 8h | $939K | $601K | 50x | |
| Paradex PENDLE-USD-PERP | +0.012% | +0.0100% | 8h | $36K | $29K | 10x | as long as short |
| Bybit PENDLEUSDT | +0.016% | +0.0100% | 8h | $15.9M | $12.0M | 50x | as long as short |
| Backpack PENDLE_USDC_PERP | +0.016% | +0.0714% | 1h | $375K | $461K | 15x | as long as short |