Spread before costs (cost unknown: a leg has no order-book sample)−0.031%
7d average—if it closes, per $10,000$3funding while held, a day−$3.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX PENDLE-USDT-SWAP | 2.5620 | 0.0100 | pay 0.0050% / 4h | 3h 19m | $3.3M | $5.1M | 50x |
| Short | Deribit PENDLE_USDC-PERPETUAL | 2.5612 | 0 | get 0.0000% / 1h | 19m 04s | $30K | $11K | 10x |
OKX PENDLE-USDT-SWAP
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
- −$3.12
- Funding while held
- −$3
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$23.12
- Spread needed to break even
- 0.170%
Slippage unknown: OKX: live order book, 5 min ago; Deribit: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0100%
- Per $10,000 a day
- −$3.00
- 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 OKX live order book, 5 min ago | 1.94 bp | 18.2 bp −$18 | 136.7 bp −$1,367 | doesn't fit | 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.Paradex2.5572cheapestBybit2.5580+0.031%Gate2.5590+0.070%MEXC2.5592+0.078%Bitget2.5594+0.086%BingX2.5594+0.086%BloFin2.5598+0.101%Reya2.5600+0.107%Injective2.5600+0.109%Orderly2.5601+0.113%Aster2.5605+0.129%Binance2.5605+0.129%Extended2.5605+0.130%Aevo2.5606+0.133%Lighter2.5610+0.148%Polymarket Perps2.5610+0.148%GMX2.5610+0.149%
Paradex
Bybit
Gate
MEXC
Bitget
BingX
BloFin
Reya
Injective
Orderly
Aster
Binance
Extended
Aevo
Lighter
Polymarket Perps
GMXDeribit2.5612+0.156%
KuCoin2.5613+0.160%SunX2.5613+0.160%Kraken Futures2.5620+0.186%
KuCoin
SunX
Kraken FuturesOKX2.5620+0.187%
dYdX2.5622+0.196%Coinbase International2.5640+0.266%Hyperliquid2.5646+0.289%Backpack2.5649+0.301%Variational Omni2.5666+0.367%ApeX Omni2.5677+0.410%edgeX2.5777+0.800%
dYdX
Coinbase International
Hyperliquid
Backpack
Variational Omni
ApeX OmniPENDLE on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Paradex PENDLE-USD-PERP | −0.187% | +0.0100% | 8h | $36K | $30K | 10x | as long as short |
| Bybit PENDLEUSDT | −0.156% | −0.0180% | 8h | $16.0M | $11.9M | 50x | as long as short |
| Gate PENDLE_USDT | −0.117% | +0.0100% | 8h | $811K | $1.1M | 75x | as long as short |
| MEXC PENDLE_USDT | −0.109% | +0.0097% | 8h | $16.7M | $2.1M | 125x | as long as short |
| Bitget PENDLEUSDT | −0.101% | +0.0100% | 8h | $3.8M | $2.6M | 75x | as long as short |
| BingX PENDLE-USDT | −0.101% | +0.0100% | 8h | — | $34.3M | — | as long as short |
| BloFin PENDLE-USDT | −0.086% | +0.0107% | 8h | $1.4M | $851K | 75x | as long as short |
| Reya PENDLERUSDPERP | −0.080% | +0.0012% | 1h | $4K | — | 15x | as long as short |
| Injective PENDLE/USDC PERP | −0.078% | −0.1875% | 1h | $2K | $6K | 5.5x | as long as short |
| Orderly PERP_PENDLE_USDC | −0.074% | +0.0053% | 8h | $20K | $4K | 10x | as long as short |