data as of
Settings8H · net · $10k
Price arb /

PENDLE

all PENDLE markets
SwapFunding view
Alert
Spread before costs (cost unknown: a leg has no order-book sample)+0.076%
7d average−0.028%if it closes, per $10,000$8funding while held, a day−$9.75
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX PENDLE-USDT-SWAP2.65500.0100pay 0.0050% / 4h1h 04m$3.3M$4.8M50x
ShortVariational Omni PENDLE2.6570−0.0225pay 0.0225% / 8h1h 04m$888K$2.1M

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$7.56
Funding while held
−$9.75
Slippage, 4 orders
no order book: not counted
Fee OKX: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$12.19
Spread needed to break even
0.100%
Slippage unknown: OKX: live order book, 4 min ago; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0325%
Per $10,000 a day
$9.75
Average in range /8h

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 4 min ago1.88 bp15.2 bp −$15120.8 bp −$1,208doesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 1 min ago4.60 bpdoesn't fit65.3 bp −$653doesn't fitdoesn't fit

PENDLE price on every exchange

against the cheapest. Click to use as the short leg.

PENDLE on 29 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective PENDLE/USDC PERP−0.188%−0.3627%1h$3K$52K5.5xas long as short
edgeX PENDLEUSDC−0.169%+0.0100%4h$26K$415K10xas long as short
Bybit PENDLEUSDT−0.083%−0.0199%8h$16.5M$11.3M50xas long as short
Polymarket Perps PENDLE-USD−0.023%+0.0012%1h$18K$68K5xas long as short
Extended PENDLE-USD−0.014%+0.0104%1h$175K$520K10xas long as short
OKX PENDLE-USDT-SWAPlong0.000%+0.0100%4h$3.3M$4.8M50x
Paradex PENDLE-USD-PERP+0.021%+0.0100%8h$37K$31K10xas long as short
Gate PENDLE_USDT+0.038%−0.0029%8h$830K$1.0M75xas long as short
Binance PENDLEUSDT+0.045%+0.0100%8h$29.6M$31.8M75xas long as short
Reya PENDLERUSDPERP+0.053%+0.0004%1h$4K15xas long as short
Show all 29 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Variational Omni PENDLEshort+0.076%−0.0225%8h$888K$2.1M
MEXC PENDLE_USDT+0.087%+0.0100%8h$17.1M$2.1M125xas long as short
Lighter PENDLE+0.098%+0.0096%1h$579K$361K5xas long as short
GMX PENDLE/USD [PENDLE-USDC]+0.101%L +0.0200% / S −0.0269%1h$5K100xas long as short
BingX PENDLE-USDT+0.102%+0.0100%8h$34.1Mas long as short
Aevo PENDLE-PERP+0.107%+0.0104%1h$28K3xas long as short
Bitget PENDLEUSDT+0.113%+0.0100%8h$4.0M$2.6M75xas long as short
Deribit PENDLE_USDC-PERPETUAL+0.128%0.0000%1h$31K$10K10xas long as short
Orderly PERP_PENDLE_USDC+0.136%+0.0051%8h$22K$4K10xas long as short
Aster PENDLEUSDT+0.147%+0.0070%8h$51K$121K10xas long as short
SunX PENDLE-USDT+0.162%+0.0100%8h$1K$1.4M20xas long as short
ApeX Omni PENDLEUSDT+0.166%+0.0034%1h$81K$234K50xas long as short
BloFin PENDLE-USDT+0.166%+0.0076%8h$1.5M$840K75xas long as short
KuCoin PENDLEUSDTM+0.188%+0.0100%8h$1.1M$465K50xas long as short
dYdX PENDLE-USD+0.227%0.0000%1h$11K5xas long as short
Hyperliquid PENDLE+0.255%+0.0100%1h$12.6M$5.0M5xas long as short
Coinbase International PENDLE-PERP-INTX+0.301%+0.0368%1h$86K$367K25xas long as short
Backpack PENDLE_USDC_PERP+0.313%+0.0347%1h$377K$445K15xas long as short
Kraken Futures PF_PENDLEUSD+0.386%+0.1447%1h$171K$215K20xas long as short