After costs, if the gap returns to its 7d average, $10k−$16
spread now+0.336%7d average+0.092%fees + slippage, in and out−$40spread needed0.400%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC PENDLE_USDT | 2.6816 | 0.0100 | pay 0.0100% / 8h | 2h 40m | $17.3M | $1.8M | 125x |
| Short | Hyperliquid PENDLE | 2.6906 | 0.0392 | get 0.0049% / 1h | 40m 02s | $12.7M | $4.5M | 5x |
MEXC PENDLE_USDT
Hyperliquid PENDLEPrice 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
- $33.56
- Funding while held
- $8.75
- Slippage, 4 orders
- −$27
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $2.3
- Spread needed to break even
- 0.400%
Slippage from MEXC: live order book, 5 min ago; Hyperliquid: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0292%
- Per $10,000 a day
- +$8.75
- 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, 5 min ago | 0.55 bp | 5.7 bp −$6 | 29.3 bp −$293 | 90.6 bp −$9,057 | doesn't fit |
| Sell Hyperliquid live order book, 4 min ago | 1.29 bp | 12.7 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
PENDLE price on every exchange
against the cheapest. Click to use as the short leg.Injective2.6710cheapestBybit2.6764+0.202%Bitget2.6780+0.262%OKX2.6790+0.300%Extended2.6792+0.309%BingX2.6806+0.359%Binance2.6808+0.367%KuCoin2.6813+0.386%
Injective
Bybit
Bitget
OKX
Extended
BingX
Binance
KuCoinMEXC2.6816+0.397%
Gate2.6850+0.524%Reya2.6852+0.531%Orderly2.6868+0.592%Paradex2.6870+0.600%Polymarket Perps2.6872+0.607%Lighter2.6873+0.610%dYdX2.6875+0.619%GMX2.6880+0.637%Deribit2.6881+0.640%Aevo2.6885+0.654%SunX2.6885+0.655%Aster2.6888+0.666%Variational Omni2.6889+0.672%BloFin2.6899+0.708%
Gate
Reya
Orderly
Paradex
Polymarket Perps
Lighter
dYdX
GMX
Deribit
Aevo
SunX
Aster
Variational Omni
BloFinHyperliquid2.6906+0.734%
Backpack2.6925+0.805%Kraken Futures2.6976+0.998%edgeX2.6984+1.028%ApeX Omni2.6998+1.078%Coinbase International2.7270+2.097%
Backpack
Kraken Futures
ApeX 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 | −0.395% | −0.0760% | 1h | $4K | $51K | 5.5x | as long as short |
| Bybit PENDLEUSDT | −0.194% | −0.0039% | 8h | $16.8M | $10.2M | 50x | as long as short |
| Bitget PENDLEUSDT | −0.134% | +0.0100% | 8h | $4.0M | $2.5M | 75x | as long as short |
| OKX PENDLE-USDT-SWAP | −0.097% | +0.0100% | 4h | $3.3M | $4.5M | 50x | as long as short |
| Extended PENDLE-USD | −0.088% | +0.0104% | 1h | $180K | $516K | 10x | as long as short |
| BingX PENDLE-USDT | −0.037% | +0.0100% | 8h | — | $34.0M | — | as long as short |
| Binance PENDLEUSDT | −0.029% | +0.0100% | 8h | $29.9M | $29.2M | 75x | as long as short |
| KuCoin PENDLEUSDTM | −0.011% | +0.0100% | 8h | $1.1M | $451K | 50x | as long as short |
| MEXC PENDLE_USDTlong | 0.000% | +0.0100% | 8h | $17.3M | $1.8M | 125x | |
| Gate PENDLE_USDT | +0.127% | +0.0038% | 8h | $838K | $982K | 75x | as long as short |