Spread before costs (cost unknown: a leg has no order-book sample)+0.064%
7d average—if it closes, per $10,000$6funding while held, a day+$9.51
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex PENDLE-USD-PERP | 2.6099 | 0.0100 | pay 0.0100% / 8h | 16m 34s | $36K | $30K | 10x |
| Short | Backpack PENDLE_USDC_PERP | 2.6116 | 0.0417 | get 0.0052% / 1h | 16m 34s | $369K | $448K | 15x |
Paradex PENDLE-USD-PERP
Backpack PENDLE_USDC_PERPPrice 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
- $6.43
- Funding while held
- $9.51
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $1.94
- Spread needed to break even
- 0.140%
Slippage unknown: Paradex: no order-book sample; Backpack: live order book, 34 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0317%
- Per $10,000 a day
- +$9.51
- 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 34 min ago | 0.19 bp | 6.0 bp −$6 | 89.1 bp −$891 | doesn't fit | doesn't fit |
Paradex: 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.Injective2.5790cheapestBloFin2.6036+0.954%Bybit2.6040+0.969%Orderly2.6044+0.985%Aevo2.6046+0.994%Deribit2.6048+1.000%GMX2.6049+1.004%Bitget2.6051+1.012%OKX2.6060+1.047%BingX2.6064+1.062%Gate2.6070+1.086%Extended2.6070+1.087%Variational Omni2.6073+1.096%Polymarket Perps2.6074+1.101%SunX2.6075+1.105%dYdX2.6081+1.127%Aster2.6081+1.128%Reya2.6083+1.134%Lighter2.6084+1.140%KuCoin2.6085+1.144%Binance2.6089+1.160%Coinbase International2.6090+1.163%MEXC2.6098+1.194%
Injective
BloFin
Bybit
Orderly
Aevo
Deribit
GMX
Bitget
OKX
BingX
Gate
Extended
Variational Omni
Polymarket Perps
SunX
dYdX
Aster
Reya
Lighter
KuCoin
Binance
Coinbase International
MEXCParadex2.6099+1.199%
Kraken Futures2.6112+1.247%Hyperliquid2.6112+1.249%
Kraken Futures
HyperliquidBackpack2.6116+1.264%
edgeX2.6141+1.362%ApeX Omni2.6158+1.427%
ApeX 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 | −1.185% | −0.1178% | 1h | $2K | $6K | 5.5x | as long as short |
| BloFin PENDLE-USDT | −0.242% | +0.0089% | 8h | $1.5M | $846K | 75x | as long as short |
| Bybit PENDLEUSDT | −0.227% | −0.0245% | 8h | $16.3M | $11.5M | 50x | as long as short |
| Orderly PERP_PENDLE_USDC | −0.212% | +0.0054% | 8h | $21K | $4K | 10x | as long as short |
| Aevo PENDLE-PERP | −0.203% | +0.0104% | 1h | $27K | — | 3x | as long as short |
| Deribit PENDLE_USDC-PERPETUAL | −0.196% | 0.0000% | 1h | $31K | $10K | 10x | as long as short |
| GMX PENDLE/USD [PENDLE-USDC] | −0.192% | L +0.0200% / S −0.0272% | 1h | $5K | — | 100x | as long as short |
| Bitget PENDLEUSDT | −0.185% | +0.0100% | 8h | $3.9M | $2.6M | 75x | as long as short |
| OKX PENDLE-USDT-SWAP | −0.150% | +0.0100% | 4h | $3.2M | $4.9M | 50x | as long as short |
| BingX PENDLE-USDT | −0.135% | +0.0100% | 8h | — | $34.2M | — | as long as short |