Spread before costs (cost unknown: a leg has no order-book sample)+0.098%
7d average—if it closes, per $10,000$10funding while held, a day+$11.41
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_PENDLE_USDC | 2.5545 | 0.0052 | pay 0.0052% / 8h | 7h 06m | $20K | $4K | 10x |
| Short | Coinbase International PENDLE-PERP-INTX | 2.5570 | 0.0432 | get 0.0054% / 1h | 6m 37s | $114K | $434K | 25x |
Orderly PERP_PENDLE_USDC
Coinbase International PENDLE-PERP-INTXPrice 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
- $9.79
- Funding while held
- $11.41
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $5.2
- Spread needed to break even
- 0.160%
Slippage unknown: Orderly: no order-book sample; Coinbase International: live order book, 38 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0380%
- Per $10,000 a day
- +$11.41
- 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 Coinbase International live order book, 38 min ago | 17.27 bp | 167.6 bp −$168 | 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.Injective2.5320cheapestBloFin2.5525+0.810%Aevo2.5532+0.835%Reya2.5533+0.842%Aster2.5534+0.846%
Injective
BloFin
Aevo
Reya
AsterOrderly2.5545+0.889%
Deribit2.5546+0.893%Polymarket Perps2.5547+0.897%GMX2.5560+0.950%KuCoin2.5563+0.960%dYdX2.5565+0.968%SunX2.5569+0.983%Gate2.5570+0.987%
Deribit
Polymarket Perps
GMX
KuCoin
dYdX
SunX
GateCoinbase International2.5570+0.987%
Binance2.5579+1.023%Bitget2.5586+1.051%Bybit2.5587+1.055%BingX2.5587+1.055%Lighter2.5591+1.070%Extended2.5593+1.079%Backpack2.5594+1.082%Paradex2.5596+1.089%edgeX2.5598+1.098%OKX2.5600+1.106%MEXC2.5601+1.110%Kraken Futures2.5611+1.148%ApeX Omni2.5613+1.157%Hyperliquid2.5615+1.165%Variational Omni2.5627+1.214%
Binance
Bitget
Bybit
BingX
Lighter
Extended
Backpack
Paradex
OKX
MEXC
Kraken Futures
ApeX Omni
Hyperliquid
Variational OmniPENDLE on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PENDLE/USDC PERP | −0.881% | −0.1875% | 1h | $2K | $6K | 5.5x | as long as short |
| BloFin PENDLE-USDT | −0.078% | +0.0103% | 8h | $1.4M | $851K | 75x | as long as short |
| Aevo PENDLE-PERP | −0.053% | +0.0104% | 1h | $27K | — | 3x | as long as short |
| Reya PENDLERUSDPERP | −0.046% | +0.0013% | 1h | $4K | — | 15x | as long as short |
| Aster PENDLEUSDT | −0.043% | −0.0012% | 8h | $50K | $134K | 10x | as long as short |
| Orderly PERP_PENDLE_USDClong | 0.000% | +0.0052% | 8h | $20K | $4K | 10x | |
| Deribit PENDLE_USDC-PERPETUAL | +0.004% | 0.0000% | 1h | $30K | $11K | 10x | as long as short |
| Polymarket Perps PENDLE-USD | +0.008% | +0.0100% | 1h | $16K | $30K | 5x | as long as short |
| GMX PENDLE/USD [PENDLE-USDC] | +0.060% | L +0.0200% / S −0.0272% | 1h | $5K | — | 100x | as long as short |
| KuCoin PENDLEUSDTM | +0.070% | +0.0100% | 8h | $930K | $560K | 50x | as long as short |