After costs, if the gap returns to its 7d average, $10k−$225
spread now+0.237%7d average+0.153%fees + slippage, in and out−$234spread needed2.336%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin PENDLEUSDTM | 2.5607 | 0.0100 | pay 0.0100% / 8h | 6h 48m | $937K | $559K | 50x |
| Short | Kraken Futures PF_PENDLEUSD | 2.5668 | 0.2115 | get 0.0264% / 1h | 48m 34s | $156K | $268K | 20x |
KuCoin PENDLEUSDTM
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
- $23.72
- Funding while held
- $60.45
- Slippage, 4 orders
- −$211.56
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$149.4
- Spread needed to break even
- 2.336%
Slippage from KuCoin: live order book, 62 min ago; Kraken Futures: live order book, 55 min ago.
Cost of waiting
funding view- Funding /8h
- +0.2015%
- Per $10,000 a day
- +$60.45
- 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, 62 min ago | 10.12 bp | 42.6 bp −$43 | 168.0 bp −$1,680 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 55 min ago | 15.37 bp | 48.8 bp −$49 | doesn't fit | doesn't fit | doesn't fit |
PENDLE price on every exchange
against the cheapest. Click to use as the short leg.Injective2.5260cheapestedgeX2.5553+1.160%Variational Omni2.5556+1.172%ApeX Omni2.5560+1.188%BloFin2.5586+1.291%Extended2.5591+1.310%Bybit2.5593+1.318%Bitget2.5594+1.322%Reya2.5597+1.333%MEXC2.5597+1.334%Aevo2.5598+1.336%OKX2.5600+1.346%Paradex2.5602+1.355%Orderly2.5606+1.370%
Injective
Variational Omni
ApeX Omni
BloFin
Extended
Bybit
Bitget
Reya
MEXC
Aevo
OKX
Paradex
OrderlyKuCoin2.5607+1.374%
Binance2.5608+1.378%BingX2.5608+1.378%Gate2.5610+1.386%Lighter2.5611+1.390%Aster2.5613+1.397%Deribit2.5615+1.405%dYdX2.5619+1.421%GMX2.5621+1.430%Polymarket Perps2.5624+1.441%SunX2.5626+1.449%Coinbase International2.5650+1.544%Backpack2.5652+1.552%Hyperliquid2.5653+1.556%
Binance
BingX
Gate
Lighter
Aster
Deribit
dYdX
GMX
Polymarket Perps
SunX
Coinbase International
Backpack
HyperliquidKraken Futures2.5668+1.614%
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 | −1.355% | −0.4277% | 1h | $2K | $7K | 5.5x | as long as short |
| edgeX PENDLEUSDC | −0.211% | +0.0100% | 4h | $25K | $416K | 10x | as long as short |
| Variational Omni PENDLE | −0.199% | −0.0248% | 8h | $660K | $2.2M | — | as long as short |
| ApeX Omni PENDLEUSDT | −0.184% | +0.0100% | 1h | $78K | $238K | 50x | as long as short |
| BloFin PENDLE-USDT | −0.082% | +0.0066% | 8h | $1.4M | $849K | 75x | as long as short |
| Extended PENDLE-USD | −0.063% | +0.0072% | 1h | $168K | $520K | 10x | as long as short |
| Bybit PENDLEUSDT | −0.055% | +0.0014% | 8h | $16.0M | $11.8M | 50x | as long as short |
| Bitget PENDLEUSDT | −0.051% | +0.0100% | 8h | $3.8M | $2.6M | 75x | as long as short |
| Reya PENDLERUSDPERP | −0.040% | +0.0014% | 1h | $4K | — | 15x | as long as short |
| MEXC PENDLE_USDT | −0.039% | +0.0070% | 8h | $16.9M | $2.1M | 125x | as long as short |