Spread before costs (cost unknown: a leg has no order-book sample)+0.363%
7d average—if it closes, per $10,000$36funding while held, a day−$2.83
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin PENDLEUSDTM | 2.6293 | 0.0100 | pay 0.0100% / 8h | 38m 06s | $1.1M | $472K | 50x |
| Short | Reya PENDLERUSDPERP | 2.6388 | 0.0006 | get 0.0001% / 1h | 38m 06s | $4K | — | 15x |
KuCoin PENDLEUSDTM
Reya PENDLERUSDPERPPrice 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
- $36.3
- Funding while held
- −$2.83
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- $15.47
- Spread needed to break even
- 0.180%
Slippage unknown: KuCoin: live order book, 3 min ago; Reya: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0094%
- Per $10,000 a day
- −$2.83
- 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, 3 min ago | 7.95 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
Reya: 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.Gate2.6280cheapestBitget2.6289+0.034%Bybit2.6290+0.038%
Gate
Bitget
BybitKuCoin2.6293+0.049%
BingX2.6301+0.080%OKX2.6310+0.114%Binance2.6313+0.126%Extended2.6316+0.138%Lighter2.6321+0.156%Aevo2.6336+0.215%MEXC2.6340+0.228%Hyperliquid2.6353+0.278%Backpack2.6353+0.278%Deribit2.6356+0.289%Orderly2.6357+0.293%GMX2.6366+0.327%Aster2.6373+0.354%Variational Omni2.6387+0.409%
BingX
OKX
Binance
Extended
Lighter
Aevo
MEXC
Hyperliquid
Backpack
Deribit
Orderly
GMX
Aster
Variational OmniReya2.6388+0.413%
Polymarket Perps2.6390+0.419%SunX2.6391+0.422%Coinbase International2.6400+0.457%Kraken Futures2.6403+0.466%Paradex2.6407+0.483%dYdX2.6409+0.490%BloFin2.6409+0.491%edgeX2.6419+0.530%Injective2.6420+0.533%ApeX Omni2.6424+0.548%
Polymarket Perps
SunX
Coinbase International
Kraken Futures
Paradex
dYdX
BloFin
Injective
ApeX OmniPENDLE on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate PENDLE_USDT | −0.049% | −0.0029% | 8h | $812K | $1.0M | 75x | as long as short |
| Bitget PENDLEUSDT | −0.015% | +0.0100% | 8h | $3.9M | $2.6M | 75x | as long as short |
| Bybit PENDLEUSDT | −0.011% | −0.0201% | 8h | $16.3M | $11.3M | 50x | as long as short |
| KuCoin PENDLEUSDTMlong | 0.000% | +0.0100% | 8h | $1.1M | $472K | 50x | |
| BingX PENDLE-USDT | +0.030% | +0.0100% | 8h | — | $34.1M | — | as long as short |
| OKX PENDLE-USDT-SWAP | +0.065% | +0.0100% | 4h | $3.2M | $4.8M | 50x | as long as short |
| Binance PENDLEUSDT | +0.076% | +0.0100% | 8h | $29.4M | $32.0M | 75x | as long as short |
| Extended PENDLE-USD | +0.089% | +0.0104% | 1h | $174K | $520K | 10x | as long as short |
| Lighter PENDLE | +0.106% | +0.0096% | 1h | $573K | $356K | 5x | as long as short |
| Aevo PENDLE-PERP | +0.165% | +0.0104% | 1h | $28K | — | 3x | as long as short |