After costs, if the gap returns to its 7d average, $10k−$55
spread now+0.019%7d average+0.036%fees + slippage, in and out−$54spread needed0.537%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter PENDLE | 2.6155 | 0.0096 | pay 0.0012% / 1h | 20m 43s | $569K | $359K | 5x |
| Short | Coinbase International PENDLE-PERP-INTX | 2.6160 | 0.0496 | get 0.0062% / 1h | 20m 43s | $100K | $400K | 25x |
Lighter PENDLE
Coinbase International PENDLE-PERP-INTXPrice 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
- $1.91
- Funding while held
- $12
- Slippage, 4 orders
- −$43.65
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$39.74
- Spread needed to break even
- 0.537%
Slippage from Lighter: live order book, 25 min ago; Coinbase International: live order book, 29 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0400%
- Per $10,000 a day
- +$12.00
- 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 Lighter live order book, 25 min ago | 3.58 bp | 4.3 bp −$4 | 60.6 bp −$606 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 29 min ago | 5.63 bp | 28.4 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
PENDLE price on every exchange
against the cheapest. Click to use as the short leg.Injective2.5940cheapestVariational Omni2.6073+0.512%Extended2.6119+0.691%Bybit2.6120+0.694%OKX2.6120+0.694%Gate2.6130+0.732%BingX2.6134+0.748%Paradex2.6135+0.753%Polymarket Perps2.6137+0.759%Bitget2.6139+0.767%Reya2.6139+0.767%MEXC2.6148+0.802%Binance2.6151+0.812%edgeX2.6152+0.818%
Injective
Variational Omni
Extended
Bybit
OKX
Gate
BingX
Paradex
Polymarket Perps
Bitget
Reya
MEXC
BinanceLighter2.6155+0.829%
GMX2.6156+0.832%KuCoin2.6158+0.840%
GMX
KuCoinCoinbase International2.6160+0.848%
Aster2.6162+0.856%Aevo2.6162+0.858%Orderly2.6163+0.860%BloFin2.6166+0.871%dYdX2.6167+0.876%ApeX Omni2.6174+0.902%Hyperliquid2.6175+0.906%Deribit2.6182+0.933%SunX2.6202+1.010%Backpack2.6205+1.022%Kraken Futures2.6226+1.101%
Aster
Aevo
Orderly
BloFin
dYdX
ApeX Omni
Hyperliquid
Deribit
SunX
Backpack
Kraken FuturesPENDLE on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PENDLE/USDC PERP | −0.822% | −0.1178% | 1h | $2K | $6K | 5.5x | as long as short |
| Variational Omni PENDLE | −0.314% | −0.0268% | 8h | $834K | $2.2M | — | as long as short |
| Extended PENDLE-USD | −0.137% | +0.0104% | 1h | $172K | $520K | 10x | as long as short |
| Bybit PENDLEUSDT | −0.134% | −0.0233% | 8h | $16.2M | $11.4M | 50x | as long as short |
| OKX PENDLE-USDT-SWAP | −0.134% | +0.0100% | 4h | $3.2M | $4.9M | 50x | as long as short |
| Gate PENDLE_USDT | −0.096% | −0.0009% | 8h | $813K | $1.1M | 75x | as long as short |
| BingX PENDLE-USDT | −0.080% | +0.0100% | 8h | — | $34.2M | — | as long as short |
| Paradex PENDLE-USD-PERP | −0.075% | +0.0100% | 8h | $37K | $30K | 10x | as long as short |
| Polymarket Perps PENDLE-USD | −0.069% | −0.0044% | 1h | $18K | $57K | 5x | as long as short |
| Bitget PENDLEUSDT | −0.061% | +0.0100% | 8h | $3.9M | $2.6M | 75x | as long as short |