PENDLE

Alert

Spread before costs (cost unknown: a leg has no order-book sample)+0.046%

7d average+0.001%if it closes, per $10,000$5funding while held, a day+$0.12

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter PENDLE	2.6171	0.0096	pay 0.0012% / 1h	5m 21s	$570K	$359K	5x
Short	SunX PENDLE-USDT	2.6183	0.0100	get 0.0100% / 8h	5m 21s	$2K	$1.5M	20x

Price spread history

latest

Range statsloading…

share of time at each level, last 7D

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Position, each leg$Hold forhoursFee LighterbpFee SunXbpOrdersClose when spread is

Slippage unknown: Lighter: live order book, 41 min ago; SunX: live order book, 6 min ago. Net counts fees only.

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, 41 min ago	3.58 bp	4.3 bp −$4	60.6 bp −$606	doesn't fit	doesn't fit
Sell SunX live order book, 6 min ago	500.11 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Injective PENDLE/USDC PERP	−1.112%	−0.1178%	1h	$2K	$6K	5.5x	as long as short
Bybit PENDLEUSDT	−0.168%	−0.0243%	8h	$16.3M	$11.5M	50x	as long as short
Polymarket Perps PENDLE-USD	−0.149%	−0.0045%	1h	$17K	$53K	5x	as long as short
Variational Omni PENDLE	−0.123%	−0.0286%	8h	$821K	$2.2M	—	as long as short
Gate PENDLE_USDT	−0.118%	+0.0011%	8h	$830K	$1.1M	75x	as long as short
MEXC PENDLE_USDT	−0.115%	+0.0100%	8h	$17.0M	$2.1M	125x	as long as short
BloFin PENDLE-USDT	−0.103%	+0.0096%	8h	$1.5M	$861K	75x	as long as short
Binance PENDLEUSDT	−0.099%	+0.0100%	8h	$29.1M	$32.9M	75x	as long as short
Extended PENDLE-USD	−0.092%	+0.0104%	1h	$172K	$520K	10x	as long as short
BingX PENDLE-USDT	−0.092%	+0.0100%	8h	—	$34.2M	—	as long as short

Show all 29 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Aster PENDLEUSDT	−0.084%	+0.0027%	8h	$51K	$125K	10x	as long as short
Paradex PENDLE-USD-PERP	−0.084%	+0.0100%	8h	$37K	$30K	10x	as long as short
ApeX Omni PENDLEUSDT	−0.069%	+0.0100%	1h	$79K	$236K	50x	as long as short
Aevo PENDLE-PERP	−0.069%	+0.0104%	1h	$27K	—	3x	as long as short
edgeX PENDLEUSDC	−0.064%	+0.0100%	4h	$26K	$416K	10x	as long as short
Reya PENDLERUSDPERP	−0.061%	+0.0008%	1h	$4K	—	15x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	−0.051%	L +0.0200% / S −0.0272%	1h	$5K	—	100x	as long as short
Orderly PERP_PENDLE_USDC	−0.046%	+0.0055%	8h	$21K	$4K	10x	as long as short
OKX PENDLE-USDT-SWAP	−0.042%	+0.0100%	4h	$3.2M	$4.8M	50x	as long as short
Bitget PENDLEUSDT	−0.023%	+0.0100%	8h	$3.9M	$2.6M	75x	as long as short
Coinbase International PENDLE-PERP-INTX	−0.004%	+0.0496%	1h	$99K	$397K	25x	as long as short
dYdX PENDLE-USD	−0.002%	0.0000%	1h	$11K	—	5x	as long as short
Lighter PENDLElong	0.000%	+0.0096%	1h	$570K	$359K	5x
KuCoin PENDLEUSDTM	0.000%	+0.0100%	8h	$1.0M	$489K	50x	as long as short
Deribit PENDLE_USDC-PERPETUAL	0.000%	0.0000%	1h	$31K	$10K	10x	as long as short
SunX PENDLE-USDTshort	+0.046%	+0.0100%	8h	$2K	$1.5M	20x
Hyperliquid PENDLE	+0.088%	+0.0100%	1h	$12.4M	$5.2M	5x	as long as short
Backpack PENDLE_USDC_PERP	+0.183%	+0.0512%	1h	$371K	$448K	15x	as long as short
Kraken Futures PF_PENDLEUSD	+0.374%	+0.1865%	1h	$169K	$222K	20x	as long as short