Spread before costs (cost unknown: a leg has no order-book sample)+0.109%
7d average—if it closes, per $10,000$11funding while held, a day+$5.06
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin PENDLEUSDTM | 2.6412 | 0.0100 | pay 0.0100% / 8h | 40m 53s | $1.1M | $467K | 50x |
| Short | GMX PENDLE/USD [PENDLE-USDC] | 2.6441 | L +0.0200% / S −0.0269% | get 0.0034% / 1h | 40m 53s | $5K | — | 100x |
KuCoin PENDLEUSDTM
GMX PENDLE/USD [PENDLE-USDC]Price 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
- $10.88
- Funding while held
- $5.06
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$8.06
- Spread needed to break even
- 0.240%
Slippage unknown: KuCoin: live order book, 10 min ago; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0169%
- Per $10,000 a day
- +$5.06
- 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 KuCoin live order book, 10 min ago | 7.88 bp | 46.8 bp −$47 | 113.9 bp −$1,139 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: 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.Gate2.6370cheapestBitget2.6387+0.064%Extended2.6387+0.065%Variational Omni2.6387+0.066%BingX2.6388+0.068%Bybit2.6390+0.076%MEXC2.6400+0.114%OKX2.6410+0.152%Aevo2.6411+0.157%
Gate
Bitget
Extended
Variational Omni
BingX
Bybit
MEXC
OKX
AevoKuCoin2.6412+0.159%
Paradex2.6415+0.171%Lighter2.6418+0.182%Binance2.6418+0.182%Polymarket Perps2.6419+0.186%BloFin2.6423+0.201%ApeX Omni2.6424+0.205%Aster2.6426+0.212%Orderly2.6426+0.212%Reya2.6429+0.224%Deribit2.6439+0.262%Coinbase International2.6440+0.265%
Paradex
Lighter
Binance
Polymarket Perps
BloFin
ApeX Omni
Aster
Orderly
Reya
Deribit
Coinbase InternationalGMX2.6441+0.268%
edgeX2.6442+0.274%Hyperliquid2.6449+0.300%Injective2.6450+0.303%Backpack2.6456+0.326%SunX2.6462+0.349%dYdX2.6464+0.356%Kraken Futures2.6487+0.445%
Hyperliquid
Injective
Backpack
SunX
dYdX
Kraken FuturesPENDLE on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate PENDLE_USDT | −0.159% | −0.0029% | 8h | $815K | $1.0M | 75x | as long as short |
| Bitget PENDLEUSDT | −0.095% | +0.0100% | 8h | $4.0M | $2.6M | 75x | as long as short |
| Extended PENDLE-USD | −0.094% | +0.0104% | 1h | $175K | $520K | 10x | as long as short |
| Variational Omni PENDLE | −0.093% | −0.0231% | 8h | $885K | $2.1M | — | as long as short |
| BingX PENDLE-USDT | −0.091% | +0.0100% | 8h | — | $34.1M | — | as long as short |
| Bybit PENDLEUSDT | −0.083% | −0.0196% | 8h | $16.4M | $11.2M | 50x | as long as short |
| MEXC PENDLE_USDT | −0.045% | +0.0100% | 8h | $17.1M | $2.1M | 125x | as long as short |
| OKX PENDLE-USDT-SWAP | −0.008% | +0.0100% | 4h | $3.2M | $4.8M | 50x | as long as short |
| Aevo PENDLE-PERP | −0.003% | +0.0104% | 1h | $28K | — | 3x | as long as short |
| KuCoin PENDLEUSDTMlong | 0.000% | +0.0100% | 8h | $1.1M | $467K | 50x |