After costs, if the gap returns to its 7d average, $10k−$91
spread now+0.047%7d average−0.027%fees + slippage, in and out−$99spread needed0.988%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC PENDLE_USDT | 2.5507 | 0.0069 | pay 0.0069% / 8h | 6h 55m | $16.8M | $2.1M | 125x |
| Short | KuCoin PENDLEUSDTM | 2.5519 | 0.0100 | get 0.0100% / 8h | 6h 55m | $928K | $560K | 50x |
MEXC PENDLE_USDT
KuCoin PENDLEUSDTMPrice 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
- $4.7
- Funding while held
- $0.93
- Slippage, 4 orders
- −$82.82
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$93.19
- Spread needed to break even
- 0.988%
Slippage from MEXC: live order book, 4 min ago; KuCoin: live order book, 55 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0031%
- Per $10,000 a day
- +$0.93
- 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, 4 min ago | 0.78 bp | 5.0 bp −$5 | 30.0 bp −$300 | 81.4 bp −$8,135 | doesn't fit |
| Sell KuCoin live order book, 55 min ago | 10.12 bp | 44.5 bp −$45 | doesn't fit | doesn't fit | doesn't fit |
PENDLE price on every exchange
against the cheapest. Click to use as the short leg.Injective2.5270cheapestBinance2.5493+0.882%Paradex2.5499+0.906%Bybit2.5500+0.910%Extended2.5503+0.921%Aster2.5505+0.930%Variational Omni2.5506+0.934%
Injective
Binance
Paradex
Bybit
Extended
Aster
Variational OmniMEXC2.5507+0.938%
OKX2.5510+0.950%Gate2.5510+0.950%BingX2.5512+0.958%Lighter2.5519+0.985%
OKX
Gate
BingX
LighterKuCoin2.5519+0.985%
Reya2.5519+0.986%Bitget2.5524+1.005%ApeX Omni2.5529+1.025%BloFin2.5529+1.025%dYdX2.5531+1.031%Deribit2.5533+1.041%edgeX2.5536+1.051%Polymarket Perps2.5538+1.061%Orderly2.5540+1.068%GMX2.5541+1.071%Aevo2.5541+1.073%SunX2.5558+1.140%Hyperliquid2.5560+1.148%Coinbase International2.5570+1.187%Backpack2.5577+1.215%Kraken Futures2.5585+1.247%
Reya
Bitget
ApeX Omni
BloFin
dYdX
Deribit
Polymarket Perps
Orderly
GMX
Aevo
SunX
Hyperliquid
Coinbase International
Backpack
Kraken FuturesPENDLE on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PENDLE/USDC PERP | −0.929% | −0.4277% | 1h | $2K | $6K | 5.5x | as long as short |
| Binance PENDLEUSDT | −0.055% | +0.0068% | 8h | $28.0M | $34.4M | 75x | as long as short |
| Paradex PENDLE-USD-PERP | −0.031% | +0.0100% | 8h | $36K | $29K | 10x | as long as short |
| Bybit PENDLEUSDT | −0.027% | −0.0061% | 8h | $16.0M | $11.8M | 50x | as long as short |
| Extended PENDLE-USD | −0.016% | +0.0072% | 1h | $168K | $520K | 10x | as long as short |
| Aster PENDLEUSDT | −0.008% | −0.0023% | 8h | $51K | $130K | 10x | as long as short |
| Variational Omni PENDLE | −0.003% | −0.0255% | 8h | $659K | $2.2M | — | as long as short |
| MEXC PENDLE_USDTlong | 0.000% | +0.0069% | 8h | $16.8M | $2.1M | 125x | |
| OKX PENDLE-USDT-SWAP | +0.012% | +0.0100% | 4h | $3.3M | $5.1M | 50x | as long as short |
| Gate PENDLE_USDT | +0.012% | +0.0024% | 8h | $815K | $1.1M | 75x | as long as short |