After costs, if the gap returns to its 7d average, $10k−$147
spread now+0.223%7d average+0.130%fees + slippage, in and out−$156spread needed1.561%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter PENDLE | 2.6152 | 0.0096 | pay 0.0012% / 1h | 19m 59s | $569K | $359K | 5x |
| Short | Kraken Futures PF_PENDLEUSD | 2.6210 | 0.1870 | get 0.0234% / 1h | 19m 59s | $167K | $218K | 20x |
Lighter PENDLE
Kraken Futures PF_PENDLEUSDPrice 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
- $22.34
- Funding while held
- $53.21
- Slippage, 4 orders
- −$146.15
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$80.6
- Spread needed to break even
- 1.561%
Slippage from Lighter: live order book, 26 min ago; Kraken Futures: live order book, 29 min ago.
Cost of waiting
funding view- Funding /8h
- +0.1774%
- Per $10,000 a day
- +$53.21
- 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, 26 min ago | 3.58 bp | 4.3 bp −$4 | 60.6 bp −$606 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 29 min ago | 9.40 bp | 45.9 bp −$46 | 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%Bybit2.6103+0.628%Bitget2.6115+0.675%Extended2.6120+0.693%OKX2.6120+0.694%Gate2.6120+0.694%BingX2.6127+0.721%Reya2.6134+0.749%Polymarket Perps2.6135+0.752%Paradex2.6135+0.753%Binance2.6144+0.786%MEXC2.6145+0.790%
Injective
Variational Omni
Bybit
Bitget
Extended
OKX
Gate
BingX
Reya
Polymarket Perps
Paradex
Binance
MEXCLighter2.6152+0.817%
Orderly2.6152+0.817%edgeX2.6152+0.818%Aevo2.6153+0.820%Aster2.6158+0.839%GMX2.6160+0.846%Coinbase International2.6160+0.848%KuCoin2.6163+0.860%BloFin2.6166+0.871%Deribit2.6167+0.875%dYdX2.6167+0.876%ApeX Omni2.6174+0.902%Hyperliquid2.6179+0.921%SunX2.6186+0.948%Backpack2.6193+0.975%
Orderly
Aevo
Aster
GMX
Coinbase International
KuCoin
BloFin
Deribit
dYdX
ApeX Omni
Hyperliquid
SunX
BackpackKraken Futures2.6210+1.042%
PENDLE on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PENDLE/USDC PERP | −0.811% | −0.1178% | 1h | $2K | $6K | 5.5x | as long as short |
| Variational Omni PENDLE | −0.303% | −0.0268% | 8h | $834K | $2.2M | — | as long as short |
| Bybit PENDLEUSDT | −0.187% | −0.0233% | 8h | $16.2M | $11.4M | 50x | as long as short |
| Bitget PENDLEUSDT | −0.141% | +0.0100% | 8h | $3.9M | $2.6M | 75x | as long as short |
| Extended PENDLE-USD | −0.124% | +0.0104% | 1h | $172K | $520K | 10x | as long as short |
| OKX PENDLE-USDT-SWAP | −0.122% | +0.0100% | 4h | $3.2M | $4.9M | 50x | as long as short |
| Gate PENDLE_USDT | −0.122% | −0.0009% | 8h | $812K | $1.1M | 75x | as long as short |
| BingX PENDLE-USDT | −0.096% | +0.0100% | 8h | — | $34.2M | — | as long as short |
| Reya PENDLERUSDPERP | −0.067% | +0.0007% | 1h | $4K | — | 15x | as long as short |
| Polymarket Perps PENDLE-USD | −0.065% | −0.0037% | 1h | $18K | $55K | 5x | as long as short |