Spread before costs (cost unknown: a leg has no order-book sample)−0.038%
7d average—if it closes, per $10,000$4funding while held, a day+$1.41
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_PENDLE_USDC | 2.6497 | 0.0053 | pay 0.0053% / 8h | 43m 46s | $22K | $4K | 10x |
| Short | KuCoin PENDLEUSDTM | 2.6487 | 0.0100 | get 0.0100% / 8h | 43m 46s | $1.1M | $467K | 50x |
Orderly PERP_PENDLE_USDC
KuCoin PENDLEUSDTMPrice 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
- −$3.77
- Funding while held
- $1.41
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$20.37
- Spread needed to break even
- 0.180%
Slippage unknown: Orderly: no order-book sample; KuCoin: live order book, 7 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0047%
- Per $10,000 a day
- +$1.41
- 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 KuCoin live order book, 7 min ago | 7.88 bp | 49.9 bp −$50 | 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.Bybit2.6430cheapestOKX2.6430cheapestBingX2.6444+0.053%Extended2.6455+0.094%Gate2.6460+0.114%Bitget2.6461+0.117%Binance2.6466+0.135%MEXC2.6467+0.140%Aster2.6480+0.188%
Bybit
OKX
BingX
Extended
Gate
Bitget
Binance
MEXC
AsterKuCoin2.6487+0.216%
Polymarket Perps2.6488+0.219%Reya2.6492+0.233%Aevo2.6494+0.244%
Polymarket Perps
Reya
AevoOrderly2.6497+0.253%
Deribit2.6500+0.265%Variational Omni2.6502+0.272%Hyperliquid2.6502+0.272%Lighter2.6510+0.303%BloFin2.6513+0.314%GMX2.6516+0.324%Paradex2.6519+0.338%SunX2.6533+0.390%dYdX2.6539+0.411%Coinbase International2.6540+0.416%Backpack2.6543+0.428%Kraken Futures2.6565+0.512%edgeX2.6618+0.713%Injective2.6620+0.719%ApeX Omni2.6627+0.745%
Deribit
Variational Omni
Hyperliquid
Lighter
BloFin
GMX
Paradex
SunX
dYdX
Coinbase International
Backpack
Kraken Futures
Injective
ApeX OmniPENDLE on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit PENDLEUSDT | −0.253% | −0.0190% | 8h | $16.4M | $11.2M | 50x | as long as short |
| OKX PENDLE-USDT-SWAP | −0.253% | +0.0100% | 4h | $3.3M | $4.8M | 50x | as long as short |
| BingX PENDLE-USDT | −0.200% | +0.0100% | 8h | — | $34.1M | — | as long as short |
| Extended PENDLE-USD | −0.160% | +0.0104% | 1h | $175K | $520K | 10x | as long as short |
| Gate PENDLE_USDT | −0.140% | −0.0021% | 8h | $821K | $1.0M | 75x | as long as short |
| Bitget PENDLEUSDT | −0.136% | +0.0100% | 8h | $4.0M | $2.6M | 75x | as long as short |
| Binance PENDLEUSDT | −0.119% | +0.0100% | 8h | $29.5M | $32.0M | 75x | as long as short |
| MEXC PENDLE_USDT | −0.113% | +0.0100% | 8h | $17.1M | $2.1M | 125x | as long as short |
| Aster PENDLEUSDT | −0.065% | +0.0058% | 8h | $51K | $122K | 10x | as long as short |
| KuCoin PENDLEUSDTMshort | −0.038% | +0.0100% | 8h | $1.1M | $467K | 50x |