Spread before costs (cost unknown: a leg has no order-book sample)−0.085%
7d average—if it closes, per $10,000$8funding while held, a day+$1.37
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_PENDLE_USDC | 2.5892 | 0.0054 | pay 0.0054% / 8h | 7h 31m | $20K | $4K | 10x |
| Short | Gate PENDLE_USDT | 2.5870 | 0.0100 | get 0.0100% / 8h | 7h 31m | $818K | $1.1M | 75x |
Orderly PERP_PENDLE_USDC
Gate 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
- −$8.5
- Funding while held
- $1.37
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$28.12
- Spread needed to break even
- 0.210%
Slippage unknown: Orderly: no order-book sample; Gate: live order book, 2 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0046%
- Per $10,000 a day
- +$1.37
- 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 Gate live order book, 2 min ago | 3.87 bp | 24.7 bp −$25 | 137.5 bp −$1,375 | 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.Injective2.5600cheapestedgeX2.5841+0.941%Variational Omni2.5844+0.953%Bybit2.5846+0.961%BingX2.5846+0.961%Bitget2.5849+0.973%ApeX Omni2.5854+0.992%MEXC2.5858+1.008%OKX2.5860+1.016%Binance2.5865+1.034%dYdX2.5869+1.053%
Injective
Variational Omni
Bybit
BingX
Bitget
ApeX Omni
MEXC
OKX
Binance
dYdXGate2.5870+1.055%
KuCoin2.5873+1.066%Extended2.5876+1.078%Paradex2.5880+1.095%Polymarket Perps2.5886+1.117%Aevo2.5887+1.121%BloFin2.5887+1.121%Reya2.5888+1.125%Aster2.5889+1.129%
KuCoin
Extended
Paradex
Polymarket Perps
Aevo
BloFin
Reya
AsterOrderly2.5892+1.141%
Lighter2.5894+1.148%SunX2.5898+1.164%GMX2.5898+1.166%Deribit2.5899+1.168%Hyperliquid2.5901+1.176%Coinbase International2.5920+1.250%Backpack2.5939+1.324%Kraken Futures2.5964+1.423%
Lighter
SunX
GMX
Deribit
Hyperliquid
Coinbase International
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 | −1.128% | −0.1875% | 1h | $2K | $6K | 5.5x | as long as short |
| edgeX PENDLEUSDC | −0.198% | +0.0100% | 4h | $26K | $417K | 10x | as long as short |
| Variational Omni PENDLE | −0.185% | −0.0276% | 8h | $671K | $2.4M | — | as long as short |
| Bybit PENDLEUSDT | −0.178% | −0.0078% | 8h | $16.1M | $11.9M | 50x | as long as short |
| BingX PENDLE-USDT | −0.178% | +0.0100% | 8h | — | $34.3M | — | as long as short |
| Bitget PENDLEUSDT | −0.166% | +0.0100% | 8h | $3.9M | $2.6M | 75x | as long as short |
| ApeX Omni PENDLEUSDT | −0.147% | +0.0077% | 1h | $78K | $236K | 50x | as long as short |
| MEXC PENDLE_USDT | −0.131% | +0.0100% | 8h | $16.9M | $2.1M | 125x | as long as short |
| OKX PENDLE-USDT-SWAP | −0.124% | +0.0100% | 4h | $3.2M | $5.0M | 50x | as long as short |
| Binance PENDLEUSDT | −0.106% | +0.0100% | 8h | $28.7M | $33.9M | 75x | as long as short |