Spread before costs (cost unknown: a leg has no order-book sample)+0.165%
7d average—if it closes, per $10,000$16funding while held, a day−$1.38
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX PENDLE-USDT-SWAP | 2.6120 | 0.0100 | pay 0.0050% / 4h | 20m 33s | $3.2M | $4.9M | 50x |
| Short | Orderly PERP_PENDLE_USDC | 2.6163 | 0.0054 | get 0.0054% / 8h | 20m 33s | $21K | $4K | 10x |
OKX PENDLE-USDT-SWAP
Orderly PERP_PENDLE_USDCPrice 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
- $16.46
- Funding while held
- −$1.38
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$0.92
- Spread needed to break even
- 0.160%
Slippage unknown: OKX: live order book, 4 min ago; Orderly: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0046%
- Per $10,000 a day
- −$1.38
- 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, 4 min ago | 1.91 bp | 20.6 bp −$21 | 124.8 bp −$1,248 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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.Injective2.5940cheapestVariational Omni2.6073+0.512%Extended2.6119+0.691%Bybit2.6120+0.694%
Injective
Variational Omni
Extended
BybitOKX2.6120+0.694%
Gate2.6130+0.732%BingX2.6134+0.748%Reya2.6134+0.749%Polymarket Perps2.6135+0.752%Paradex2.6135+0.753%Bitget2.6139+0.767%Binance2.6147+0.797%MEXC2.6148+0.802%Aster2.6151+0.812%edgeX2.6152+0.818%Lighter2.6155+0.829%GMX2.6156+0.832%KuCoin2.6158+0.840%Coinbase International2.6160+0.848%Aevo2.6162+0.858%
Gate
BingX
Reya
Polymarket Perps
Paradex
Bitget
Binance
MEXC
Aster
Lighter
GMX
KuCoin
Coinbase International
AevoOrderly2.6163+0.860%
BloFin2.6166+0.871%dYdX2.6167+0.876%Hyperliquid2.6170+0.888%ApeX Omni2.6174+0.902%Deribit2.6182+0.933%SunX2.6202+1.010%Backpack2.6205+1.022%Kraken Futures2.6226+1.101%
BloFin
dYdX
Hyperliquid
ApeX Omni
Deribit
SunX
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 | −0.689% | −0.1178% | 1h | $2K | $6K | 5.5x | as long as short |
| Variational Omni PENDLE | −0.181% | −0.0268% | 8h | $834K | $2.2M | — | as long as short |
| Extended PENDLE-USD | −0.003% | +0.0104% | 1h | $172K | $520K | 10x | as long as short |
| Bybit PENDLEUSDT | 0.000% | −0.0233% | 8h | $16.2M | $11.4M | 50x | as long as short |
| OKX PENDLE-USDT-SWAPlong | 0.000% | +0.0100% | 4h | $3.2M | $4.9M | 50x | |
| Gate PENDLE_USDT | +0.038% | −0.0009% | 8h | $813K | $1.1M | 75x | as long as short |
| BingX PENDLE-USDT | +0.054% | +0.0100% | 8h | — | $34.2M | — | as long as short |
| Reya PENDLERUSDPERP | +0.055% | +0.0007% | 1h | $4K | — | 15x | as long as short |
| Polymarket Perps PENDLE-USD | +0.057% | −0.0037% | 1h | $18K | $55K | 5x | as long as short |
| Paradex PENDLE-USD-PERP | +0.059% | +0.0100% | 8h | $37K | $30K | 10x | as long as short |