After costs, if the gap returns to its 7d average, $10k−$42
spread now−0.020%7d average−0.045%fees + slippage, in and out−$45spread needed0.447%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter PENDLE | 2.5597 | 0.0096 | pay 0.0012% / 1h | 35m 39s | $560K | $356K | 5x |
| Short | BingX PENDLE-USDT | 2.5592 | 0.0100 | get 0.0100% / 8h | 6h 35m | — | $34.3M | — |
Lighter PENDLE
BingX PENDLE-USDTPrice 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
- −$1.95
- Funding while held
- $0.12
- Slippage, 4 orders
- −$34.68
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$46.51
- Spread needed to break even
- 0.447%
Slippage from Lighter: live order book, 1 min ago; BingX: live order book, 10 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0004%
- Per $10,000 a day
- +$0.12
- 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 Lighter live order book, 1 min ago | 9.77 bp | 13.6 bp −$14 | 57.6 bp −$576 | doesn't fit | doesn't fit |
| Sell BingX live order book, 10 min ago | 2.55 bp | 10.7 bp −$11 | 18.6 bp −$186 | 96.6 bp −$9,663 | 369.9 bp −$185.0K |
PENDLE price on every exchange
against the cheapest. Click to use as the short leg.Injective2.5110cheapestApeX Omni2.5412+1.203%edgeX2.5418+1.227%Variational Omni2.5496+1.539%Aevo2.5529+1.668%Reya2.5529+1.669%Orderly2.5539+1.708%Polymarket Perps2.5540+1.712%BloFin2.5543+1.724%Deribit2.5545+1.732%GMX2.5547+1.739%KuCoin2.5565+1.812%Bybit2.5570+1.832%Gate2.5570+1.832%dYdX2.5574+1.847%Bitget2.5576+1.856%Aster2.5576+1.856%SunX2.5580+1.872%Coinbase International2.5580+1.872%MEXC2.5587+1.900%Binance2.5589+1.906%Extended2.5590+1.911%
Injective
ApeX Omni
Variational Omni
Aevo
Reya
Orderly
Polymarket Perps
BloFin
Deribit
GMX
KuCoin
Bybit
Gate
dYdX
Bitget
Aster
SunX
Coinbase International
MEXC
Binance
ExtendedBingX2.5592+1.920%
Lighter2.5597+1.939%
Backpack2.5597+1.939%OKX2.5600+1.951%Paradex2.5600+1.952%Kraken Futures2.5616+2.015%Hyperliquid2.5624+2.047%
Backpack
OKX
Paradex
Kraken Futures
HyperliquidPENDLE on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PENDLE/USDC PERP | −1.903% | −0.4277% | 1h | $2K | $7K | 5.5x | as long as short |
| ApeX Omni PENDLEUSDT | −0.723% | +0.0100% | 1h | $78K | $238K | 50x | as long as short |
| edgeX PENDLEUSDC | −0.699% | +0.0100% | 4h | $25K | $416K | 10x | as long as short |
| Variational Omni PENDLE | −0.393% | −0.0235% | 8h | $663K | $2.2M | — | as long as short |
| Aevo PENDLE-PERP | −0.266% | +0.0096% | 1h | $27K | — | 3x | as long as short |
| Reya PENDLERUSDPERP | −0.265% | +0.0016% | 1h | $4K | — | 15x | as long as short |
| Orderly PERP_PENDLE_USDC | −0.227% | +0.0049% | 8h | $20K | $4K | 10x | as long as short |
| Polymarket Perps PENDLE-USD | −0.223% | +0.0100% | 1h | $16K | $30K | 5x | as long as short |
| BloFin PENDLE-USDT | −0.211% | +0.0044% | 8h | $1.4M | $848K | 75x | as long as short |
| Deribit PENDLE_USDC-PERPETUAL | −0.203% | 0.0000% | 1h | $30K | $11K | 10x | as long as short |
Show all 29 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| GMX PENDLE/USD [PENDLE-USDC] | −0.197% | L +0.0200% / S −0.0272% | 1h | $5K | — | 100x | as long as short |
| KuCoin PENDLEUSDTM | −0.125% | +0.0100% | 8h | $940K | $561K | 50x | as long as short |
| Bybit PENDLEUSDT | −0.105% | +0.0100% | 8h | $15.9M | $11.8M | 50x | as long as short |
| Gate PENDLE_USDT | −0.105% | +0.0092% | 8h | $821K | $1.1M | 75x | as long as short |
| dYdX PENDLE-USD | −0.091% | 0.0000% | 1h | $11K | — | 5x | as long as short |
| Bitget PENDLEUSDT | −0.082% | +0.0100% | 8h | $3.8M | $2.6M | 75x | as long as short |
| Aster PENDLEUSDT | −0.082% | −0.0028% | 8h | $51K | $133K | 10x | as long as short |
| SunX PENDLE-USDT | −0.066% | +0.0100% | 8h | $2K | $1.6M | 20x | as long as short |
| Coinbase International PENDLE-PERP-INTX | −0.066% | +0.0592% | 1h | $115K | $433K | 25x | as long as short |
| MEXC PENDLE_USDT | −0.039% | +0.0057% | 8h | $17.0M | $2.2M | 125x | as long as short |
| Binance PENDLEUSDT | −0.033% | +0.0059% | 8h | $28.0M | $35.0M | 75x | as long as short |
| Extended PENDLE-USD | −0.028% | +0.0056% | 1h | $168K | $518K | 10x | as long as short |
| BingX PENDLE-USDTshort | −0.020% | +0.0100% | 8h | — | $34.3M | — | |
| Lighter PENDLElong | 0.000% | +0.0096% | 1h | $560K | $356K | 5x | |
| Backpack PENDLE_USDC_PERP | 0.000% | +0.0712% | 1h | $374K | $458K | 15x | as long as short |
| OKX PENDLE-USDT-SWAP | +0.012% | +0.0100% | 4h | $3.3M | $5.2M | 50x | as long as short |
| Paradex PENDLE-USD-PERP | +0.012% | +0.0100% | 8h | $36K | $29K | 10x | as long as short |
| Kraken Futures PF_PENDLEUSD | +0.074% | +0.2119% | 1h | $156K | $269K | 20x | as long as short |
| Hyperliquid PENDLE | +0.105% | +0.0100% | 1h | $12.3M | $5.3M | 5x | as long as short |