After costs, if the gap returns to its 7d average, $10k−$67
spread now−0.098%7d average+0.030%fees + slippage, in and out−$55spread needed0.546%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX PENDLE-USDT-SWAP | 2.5640 | 0.0100 | pay 0.0050% / 4h | 3h 12m | $3.3M | $5.1M | 50x |
| Short | MEXC PENDLE_USDT | 2.5615 | 0.0086 | get 0.0086% / 8h | 7h 12m | $16.8M | $2.2M | 125x |
OKX PENDLE-USDT-SWAP
MEXC PENDLE_USDTPrice 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
- −$9.75
- Funding while held
- −$0.42
- Slippage, 4 orders
- −$40.56
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$64.73
- Spread needed to break even
- 0.546%
Slippage from OKX: live order book, 1 min ago; MEXC: live order book, 2 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0014%
- Per $10,000 a day
- −$0.42
- 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, 1 min ago | 3.90 bp | 23.8 bp −$24 | 155.0 bp −$1,550 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 0.59 bp | 5.1 bp −$5 | 31.2 bp −$312 | 100.9 bp −$10.1K | doesn't fit |
PENDLE price on every exchange
against the cheapest. Click to use as the short leg.Injective2.5320cheapestedgeX2.5606+1.131%Bybit2.5610+1.145%Bitget2.5612+1.153%Paradex2.5613+1.155%BloFin2.5614+1.161%
Injective
Bybit
Bitget
Paradex
BloFinMEXC2.5615+1.165%
BingX2.5618+1.177%Gate2.5620+1.185%ApeX Omni2.5620+1.185%Aster2.5622+1.193%Reya2.5622+1.193%Aevo2.5623+1.198%Polymarket Perps2.5626+1.209%Orderly2.5626+1.209%Variational Omni2.5626+1.210%Extended2.5632+1.234%GMX2.5633+1.236%Lighter2.5636+1.248%Binance2.5636+1.248%Deribit2.5637+1.252%KuCoin2.5638+1.256%
BingX
Gate
ApeX Omni
Aster
Reya
Aevo
Polymarket Perps
Orderly
Variational Omni
Extended
GMX
Lighter
Binance
Deribit
KuCoinOKX2.5640+1.264%
SunX2.5649+1.299%dYdX2.5653+1.314%Backpack2.5672+1.390%Kraken Futures2.5681+1.426%Hyperliquid2.5686+1.445%Coinbase International2.5700+1.501%
SunX
dYdX
Backpack
Kraken Futures
Hyperliquid
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 | −1.248% | −0.1875% | 1h | $2K | $6K | 5.5x | as long as short |
| edgeX PENDLEUSDC | −0.131% | +0.0100% | 4h | $25K | $418K | 10x | as long as short |
| Bybit PENDLEUSDT | −0.117% | −0.0182% | 8h | $16.0M | $11.8M | 50x | as long as short |
| Bitget PENDLEUSDT | −0.109% | +0.0100% | 8h | $3.8M | $2.6M | 75x | as long as short |
| Paradex PENDLE-USD-PERP | −0.107% | +0.0100% | 8h | $36K | $30K | 10x | as long as short |
| BloFin PENDLE-USDT | −0.101% | +0.0063% | 8h | $1.4M | $850K | 75x | as long as short |
| MEXC PENDLE_USDTshort | −0.098% | +0.0086% | 8h | $16.8M | $2.2M | 125x | |
| BingX PENDLE-USDT | −0.086% | +0.0100% | 8h | — | $34.2M | — | as long as short |
| Gate PENDLE_USDT | −0.078% | +0.0100% | 8h | $819K | $1.1M | 75x | as long as short |
| ApeX Omni PENDLEUSDT | −0.078% | +0.0074% | 1h | $78K | $237K | 50x | as long as short |