After costs, if the gap returns to its 7d average, $10k−$44
spread now−0.018%7d average−0.100%fees + slippage, in and out−$52spread needed0.523%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter PENDLE | 2.5590 | 0.0096 | pay 0.0012% / 1h | 41m 50s | $559K | $358K | 5x |
| Short | Extended PENDLE-USD | 2.5585 | 0.0072 | get 0.0009% / 1h | 41m 50s | $169K | $519K | 10x |
Lighter PENDLE
Extended PENDLE-USDPrice 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
- −$1.76
- Funding while held
- −$0.72
- Slippage, 4 orders
- −$47.25
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$54.73
- Spread needed to break even
- 0.523%
Slippage from Lighter: live order book, 54 min ago; Extended: live order book, 57 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0024%
- Per $10,000 a day
- −$0.72
- 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, 54 min ago | 9.77 bp | 13.6 bp −$14 | 57.6 bp −$576 | doesn't fit | doesn't fit |
| Sell Extended live order book, 57 min ago | 0.98 bp | 14.4 bp −$14 | 130.0 bp −$1,300 | doesn't fit | doesn't fit |
PENDLE price on every exchange
against the cheapest. Click to use as the short leg.Injective2.5280cheapestBybit2.5576+1.171%Binance2.5582+1.196%
Injective
Bybit
BinanceExtended2.5585+1.208%
Lighter2.5590+1.226%
OKX2.5600+1.266%MEXC2.5601+1.270%BingX2.5603+1.278%Bitget2.5617+1.333%Kraken Futures2.5620+1.345%Hyperliquid2.5621+1.349%SunX2.5622+1.353%Gate2.5630+1.384%Aevo2.5630+1.385%BloFin2.5631+1.388%Paradex2.5631+1.390%Orderly2.5632+1.392%Aster2.5635+1.403%Deribit2.5635+1.404%Reya2.5635+1.406%KuCoin2.5640+1.424%dYdX2.5645+1.444%GMX2.5648+1.456%Polymarket Perps2.5658+1.495%edgeX2.5664+1.519%Backpack2.5670+1.543%ApeX Omni2.5672+1.551%Variational Omni2.5676+1.565%Coinbase International2.5720+1.741%
OKX
MEXC
BingX
Bitget
Kraken Futures
Hyperliquid
SunX
Gate
Aevo
BloFin
Paradex
Orderly
Aster
Deribit
Reya
KuCoin
dYdX
GMX
Polymarket Perps
Backpack
ApeX Omni
Variational Omni
Coinbase InternationalPENDLE on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PENDLE/USDC PERP | −1.211% | −0.4421% | 1h | $2K | $7K | 5.5x | as long as short |
| Bybit PENDLEUSDT | −0.055% | +0.0100% | 8h | $16.0M | $12.0M | 50x | as long as short |
| Binance PENDLEUSDT | −0.030% | +0.0073% | 8h | $28.0M | $36.0M | 75x | as long as short |
| Extended PENDLE-USDshort | −0.018% | +0.0072% | 1h | $169K | $519K | 10x | |
| Lighter PENDLElong | 0.000% | +0.0096% | 1h | $559K | $358K | 5x | |
| OKX PENDLE-USDT-SWAP | +0.039% | +0.0100% | 4h | $3.4M | $5.4M | 50x | as long as short |
| MEXC PENDLE_USDT | +0.043% | +0.0073% | 8h | $17.1M | $2.1M | 125x | as long as short |
| BingX PENDLE-USDT | +0.051% | +0.0100% | 8h | — | $34.2M | — | as long as short |
| Bitget PENDLEUSDT | +0.106% | +0.0100% | 8h | $3.9M | $2.7M | 75x | as long as short |
| Kraken Futures PF_PENDLEUSD | +0.118% | +0.1425% | 1h | $159K | $257K | 20x | as long as short |