After costs, if the gap returns to its 7d average, $10k−$19
spread now+0.232%7d average+0.110%fees + slippage, in and out−$31spread needed0.314%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC PENDLE_USDT | 2.6730 | 0.0100 | pay 0.0100% / 8h | 1h 57m | $17.5M | $1.9M | 125x |
| Short | Backpack PENDLE_USDC_PERP | 2.6792 | 0.0745 | get 0.0093% / 1h | 57m 58s | $378K | $445K | 15x |
MEXC PENDLE_USDT
Backpack PENDLE_USDC_PERPPrice 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
- $23.19
- Funding while held
- $19.34
- Slippage, 4 orders
- −$17.44
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $11.1
- Spread needed to break even
- 0.314%
Slippage from MEXC: live order book, 2 min ago; Backpack: live order book, 62 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0645%
- Per $10,000 a day
- +$19.34
- 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 MEXC live order book, 2 min ago | 0.19 bp | 7.1 bp −$7 | 30.3 bp −$303 | 66.5 bp −$6,648 | doesn't fit |
| Sell Backpack live order book, 62 min ago | 1.83 bp | 7.9 bp −$8 | 209.8 bp −$2,098 | doesn't fit | doesn't fit |
PENDLE price on every exchange
against the cheapest. Click to use as the short leg.Injective2.6320cheapestBybit2.6693+1.417%OKX2.6700+1.444%Extended2.6703+1.455%Binance2.6727+1.547%BingX2.6728+1.550%Gate2.6730+1.558%
Injective
Bybit
OKX
Extended
Binance
BingX
GateMEXC2.6730+1.558%
KuCoin2.6742+1.603%Bitget2.6746+1.619%Reya2.6751+1.638%Paradex2.6752+1.640%Aevo2.6752+1.641%Orderly2.6754+1.649%dYdX2.6756+1.656%Polymarket Perps2.6758+1.664%SunX2.6761+1.676%BloFin2.6762+1.679%GMX2.6766+1.693%Lighter2.6767+1.698%Aster2.6769+1.705%Deribit2.6770+1.710%Variational Omni2.6783+1.758%Coinbase International2.6790+1.786%
KuCoin
Bitget
Reya
Paradex
Aevo
Orderly
dYdX
Polymarket Perps
SunX
BloFin
GMX
Lighter
Aster
Deribit
Variational Omni
Coinbase InternationalBackpack2.6792+1.793%
Hyperliquid2.6793+1.797%edgeX2.6806+1.846%Kraken Futures2.6815+1.882%ApeX Omni2.6873+2.101%
Hyperliquid
Kraken Futures
ApeX OmniPENDLE on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PENDLE/USDC PERP | −1.534% | −0.3627% | 1h | $4K | $51K | 5.5x | as long as short |
| Bybit PENDLEUSDT | −0.138% | −0.0158% | 8h | $16.7M | $11.0M | 50x | as long as short |
| OKX PENDLE-USDT-SWAP | −0.112% | +0.0100% | 4h | $3.3M | $4.7M | 50x | as long as short |
| Extended PENDLE-USD | −0.102% | +0.0104% | 1h | $177K | $520K | 10x | as long as short |
| Binance PENDLEUSDT | −0.010% | +0.0100% | 8h | $30.1M | $30.2M | 75x | as long as short |
| BingX PENDLE-USDT | −0.007% | +0.0100% | 8h | — | $34.1M | — | as long as short |
| Gate PENDLE_USDT | 0.000% | +0.0001% | 8h | $841K | $998K | 75x | as long as short |
| MEXC PENDLE_USDTlong | 0.000% | +0.0100% | 8h | $17.5M | $1.9M | 125x | |
| KuCoin PENDLEUSDTM | +0.045% | +0.0100% | 8h | $1.1M | $455K | 50x | as long as short |
| Bitget PENDLEUSDT | +0.060% | +0.0100% | 8h | $4.0M | $2.5M | 75x | as long as short |