Spread before costs (cost unknown: a leg has no order-book sample)−0.051%
7d average—if it closes, per $10,000$5funding while held, a day−$2.67
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC PENDLE_USDT | 2.5601 | 0.0089 | pay 0.0089% / 8h | 7h 17m | $16.8M | $2.1M | 125x |
| Short | Deribit PENDLE_USDC-PERPETUAL | 2.5588 | 0 | get 0.0000% / 1h | 17m 33s | $30K | $11K | 10x |
MEXC PENDLE_USDT
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
- −$5.08
- Funding while held
- −$2.67
- Slippage, 4 orders
- no order book: not counted
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$18.75
- Spread needed to break even
- 0.110%
Slippage unknown: MEXC: live order book, 2 min ago; Deribit: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0089%
- Per $10,000 a day
- −$2.67
- 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 | 1.76 bp | 7.2 bp −$7 | 26.7 bp −$267 | 98.1 bp −$9,806 | 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.Aevo2.5579cheapestBybit2.5580+0.004%Kraken Futures2.5584+0.020%edgeX2.5587+0.030%Orderly2.5588+0.035%
Aevo
Bybit
Kraken Futures
OrderlyDeribit2.5588+0.035%
Binance2.5590+0.042%Bitget2.5591+0.047%ApeX Omni2.5596+0.066%Extended2.5597+0.072%BloFin2.5598+0.074%OKX2.5600+0.082%Gate2.5600+0.082%Injective2.5600+0.082%Reya2.5601+0.086%
Binance
Bitget
ApeX Omni
Extended
BloFin
OKX
Gate
Injective
ReyaMEXC2.5601+0.086%
BingX2.5601+0.086%Polymarket Perps2.5602+0.090%SunX2.5603+0.094%Paradex2.5605+0.100%Aster2.5605+0.102%GMX2.5605+0.103%Lighter2.5613+0.133%KuCoin2.5619+0.156%dYdX2.5645+0.258%Coinbase International2.5650+0.278%Backpack2.5655+0.297%Hyperliquid2.5656+0.301%Variational Omni2.5666+0.340%
BingX
Polymarket Perps
SunX
Paradex
Aster
GMX
Lighter
KuCoin
dYdX
Coinbase International
Backpack
Hyperliquid
Variational OmniPENDLE on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aevo PENDLE-PERP | −0.086% | +0.0104% | 1h | $27K | — | 3x | as long as short |
| Bybit PENDLEUSDT | −0.082% | −0.0198% | 8h | $16.0M | $11.8M | 50x | as long as short |
| Kraken Futures PF_PENDLEUSD | −0.066% | +0.1766% | 1h | $143K | $252K | 20x | as long as short |
| edgeX PENDLEUSDC | −0.056% | +0.0100% | 4h | $25K | $417K | 10x | as long as short |
| Orderly PERP_PENDLE_USDC | −0.051% | +0.0053% | 8h | $20K | $4K | 10x | as long as short |
| Deribit PENDLE_USDC-PERPETUALshort | −0.051% | 0.0000% | 1h | $30K | $11K | 10x | |
| Binance PENDLEUSDT | −0.044% | +0.0088% | 8h | $28.4M | $34.0M | 75x | as long as short |
| Bitget PENDLEUSDT | −0.039% | +0.0100% | 8h | $3.8M | $2.6M | 75x | as long as short |
| ApeX Omni PENDLEUSDT | −0.020% | +0.0080% | 1h | $78K | $237K | 50x | as long as short |
| Extended PENDLE-USD | −0.014% | +0.0088% | 1h | $168K | $520K | 10x | as long as short |