Spread before costs (cost unknown: a leg has no order-book sample)+0.009%
7d average—if it closes, per $10,000$1funding while held, a day−$1.22
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_PENDLE_USDC | 2.5851 | 0.0054 | pay 0.0054% / 8h | 7h 32m | $20K | $4K | 10x |
| Short | Aster PENDLEUSDT | 2.5853 | 0.0013 | get 0.0013% / 8h | 7h 32m | $51K | $128K | 10x |
Orderly PERP_PENDLE_USDC
Aster PENDLEUSDTPrice 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
- $0.93
- Funding while held
- −$1.22
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$14.29
- Spread needed to break even
- 0.140%
Slippage unknown: Orderly: no order-book sample; Aster: live order book, 27 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0041%
- Per $10,000 a day
- −$1.22
- 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Aster live order book, 27 min ago | 4.25 bp | 147.2 bp −$147 | doesn't fit | doesn't fit | doesn't fit |
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.Injective2.5600cheapestExtended2.5819+0.854%Paradex2.5819+0.857%Bybit2.5830+0.898%Gate2.5830+0.898%Bitget2.5831+0.902%BloFin2.5831+0.902%Binance2.5836+0.922%MEXC2.5838+0.930%edgeX2.5841+0.941%KuCoin2.5842+0.945%BingX2.5843+0.949%Variational Omni2.5844+0.953%Reya2.5846+0.961%OKX2.5850+0.977%Polymarket Perps2.5851+0.980%
Injective
Extended
Paradex
Bybit
Gate
Bitget
BloFin
Binance
MEXC
KuCoin
BingX
Variational Omni
Reya
OKX
Polymarket PerpsOrderly2.5851+0.980%
Aevo2.5852+0.984%
AevoAster2.5853+0.990%
Lighter2.5854+0.992%Deribit2.5856+1.000%SunX2.5859+1.012%GMX2.5864+1.030%dYdX2.5869+1.053%Coinbase International2.5870+1.055%Hyperliquid2.5885+1.113%ApeX Omni2.5891+1.137%Backpack2.5895+1.152%Kraken Futures2.5935+1.309%
Lighter
Deribit
SunX
GMX
dYdX
Coinbase International
Hyperliquid
ApeX Omni
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 | −0.971% | −0.1875% | 1h | $2K | $6K | 5.5x | as long as short |
| Extended PENDLE-USD | −0.125% | +0.0104% | 1h | $171K | $520K | 10x | as long as short |
| Paradex PENDLE-USD-PERP | −0.122% | +0.0100% | 8h | $36K | $30K | 10x | as long as short |
| Bybit PENDLEUSDT | −0.081% | −0.0101% | 8h | $16.1M | $11.9M | 50x | as long as short |
| Gate PENDLE_USDT | −0.081% | +0.0100% | 8h | $817K | $1.1M | 75x | as long as short |
| Bitget PENDLEUSDT | −0.077% | +0.0100% | 8h | $3.9M | $2.6M | 75x | as long as short |
| BloFin PENDLE-USDT | −0.077% | +0.0072% | 8h | $1.4M | $857K | 75x | as long as short |
| Binance PENDLEUSDT | −0.058% | +0.0100% | 8h | $28.7M | $33.9M | 75x | as long as short |
| MEXC PENDLE_USDT | −0.050% | +0.0100% | 8h | $16.8M | $2.1M | 125x | as long as short |
| edgeX PENDLEUSDC | −0.039% | +0.0100% | 4h | $26K | $417K | 10x | as long as short |