Spread before costs (cost unknown: a leg has no order-book sample)+0.103%
7d average—if it closes, per $10,000$10funding while held, a day−$2.88
| 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 41s | $569K | $359K | 5x |
| Short | Deribit PENDLE_USDC-PERPETUAL | 2.6182 | 0 | get 0.0000% / 1h | 20m 41s | $31K | $10K | 10x |
Lighter PENDLE
Deribit PENDLE_USDC-PERPETUALPrice 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
- $10.32
- Funding while held
- −$2.88
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $0.44
- Spread needed to break even
- 0.070%
Slippage unknown: Lighter: live order book, 25 min ago; Deribit: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0096%
- Per $10,000 a day
- −$2.88
- 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 Deribit no order-book sample | — | — | — | — | — |
Deribit: 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.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%Coinbase 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%
GMX
KuCoin
Coinbase International
Aster
Aevo
Orderly
BloFin
dYdX
ApeX Omni
HyperliquidDeribit2.6182+0.933%
SunX2.6202+1.010%Backpack2.6205+1.022%Kraken Futures2.6226+1.101%
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 |