PENDLE

Alert

After costs, if the gap returns to its 7d average, $10k−$89

spread now−0.191%7d average+0.063%fees + slippage, in and out−$64spread needed0.639%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX PENDLE-USDT-SWAP	2.5610	0.0100	pay 0.0050% / 4h	2h 21m	$3.3M	$5.2M	50x
Short	BloFin PENDLE-USDT	2.5561	0.0038	get 0.0038% / 8h	6h 21m	$1.4M	$814K	75x

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 OKXbpFee BloFinbpOrdersClose when spread is

Slippage from OKX: live order book, 3 min ago; BloFin: live order book, 2 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, 3 min ago	1.96 bp	20.0 bp −$20	130.1 bp −$1,301	doesn't fit	doesn't fit
Sell BloFin live order book, 2 min ago	0.59 bp	12.3 bp −$12	23.4 bp −$234	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	−1.250%	−0.4277%	1h	$2K	$7K	5.5x	as long as short
BloFin PENDLE-USDTshort	−0.191%	+0.0038%	8h	$1.4M	$814K	75x
edgeX PENDLEUSDC	−0.166%	+0.0100%	4h	$25K	$415K	10x	as long as short
ApeX Omni PENDLEUSDT	−0.164%	+0.0100%	1h	$78K	$237K	50x	as long as short
Extended PENDLE-USD	−0.092%	+0.0056%	1h	$168K	$518K	10x	as long as short
BingX PENDLE-USDT	−0.082%	+0.0100%	8h	—	$34.2M	—	as long as short
Gate PENDLE_USDT	−0.078%	+0.0079%	8h	$821K	$1.1M	75x	as long as short
MEXC PENDLE_USDT	−0.043%	+0.0055%	8h	$17.0M	$2.2M	125x	as long as short
Aster PENDLEUSDT	−0.042%	−0.0029%	8h	$52K	$133K	10x	as long as short
Bybit PENDLEUSDT	−0.039%	+0.0100%	8h	$16.0M	$11.8M	50x	as long as short

Show all 29 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Binance PENDLEUSDT	−0.033%	+0.0056%	8h	$28.0M	$35.1M	75x	as long as short
Paradex PENDLE-USD-PERP	−0.026%	+0.0100%	8h	$36K	$29K	10x	as long as short
KuCoin PENDLEUSDTM	−0.023%	+0.0100%	8h	$949K	$566K	50x	as long as short
Aevo PENDLE-PERP	−0.014%	+0.0096%	1h	$27K	—	3x	as long as short
Lighter PENDLE	0.000%	+0.0096%	1h	$560K	$356K	5x	as long as short
OKX PENDLE-USDT-SWAPlong	0.000%	+0.0100%	4h	$3.3M	$5.2M	50x
Bitget PENDLEUSDT	+0.012%	+0.0100%	8h	$3.8M	$2.5M	75x	as long as short
Deribit PENDLE_USDC-PERPETUAL	+0.031%	0.0000%	1h	$30K	$11K	10x	as long as short
Orderly PERP_PENDLE_USDC	+0.047%	+0.0047%	8h	$20K	$4K	10x	as long as short
Hyperliquid PENDLE	+0.094%	+0.0100%	1h	$12.3M	$5.3M	5x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	+0.095%	L +0.0200% / S −0.0272%	1h	$5K	—	100x	as long as short
dYdX PENDLE-USD	+0.102%	0.0000%	1h	$11K	—	5x	as long as short
SunX PENDLE-USDT	+0.117%	+0.0100%	8h	$2K	$1.6M	20x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.117%	+0.0592%	1h	$116K	$438K	25x	as long as short
Variational Omni PENDLE	+0.142%	−0.0206%	8h	$662K	$2.2M	—	as long as short
Reya PENDLERUSDPERP	+0.148%	+0.0017%	1h	$4K	—	15x	as long as short
Polymarket Perps PENDLE-USD	+0.164%	+0.0100%	1h	$16K	$30K	5x	as long as short
Backpack PENDLE_USDC_PERP	+0.242%	+0.0749%	1h	$377K	$460K	15x	as long as short
Kraken Futures PF_PENDLEUSD	+0.265%	+0.2114%	1h	$156K	$269K	20x	as long as short