Spread before costs (cost unknown: a leg has no order-book sample)+0.134%
7d average—if it closes, per $10,000$13funding while held, a day+$0.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex PENDLE-USD-PERP | 2.5408 | 0.0100 | pay 0.0100% / 8h | 6h 39m | $36K | $29K | 10x |
| Short | Hyperliquid PENDLE | 2.5442 | 0.0100 | get 0.0013% / 1h | 39m 37s | $12.2M | $5.3M | 5x |
Paradex PENDLE-USD-PERP
Hyperliquid PENDLEPrice 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
- $13.45
- Funding while held
- $0
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $0.45
- Spread needed to break even
- 0.130%
Slippage unknown: Paradex: no order-book sample; Hyperliquid: live order book, 4 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- 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 Hyperliquid live order book, 4 min ago | 2.54 bp | 10.4 bp −$10 | doesn't fit | 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.Injective2.5330cheapestReya2.5370+0.157%Gate2.5380+0.197%Extended2.5389+0.231%Aster2.5389+0.233%Aevo2.5399+0.271%Orderly2.5403+0.288%Bitget2.5405+0.296%Deribit2.5406+0.300%
Injective
Reya
Gate
Extended
Aster
Aevo
Orderly
Bitget
DeribitParadex2.5408+0.307%
BingX2.5408+0.308%KuCoin2.5409+0.312%Bybit2.5410+0.316%Binance2.5412+0.324%MEXC2.5415+0.336%Lighter2.5416+0.340%OKX2.5420+0.355%SunX2.5420+0.355%GMX2.5421+0.360%dYdX2.5421+0.360%Kraken Futures2.5432+0.401%Backpack2.5435+0.415%
BingX
KuCoin
Bybit
Binance
MEXC
Lighter
OKX
SunX
GMX
dYdX
Kraken Futures
BackpackHyperliquid2.5442+0.442%
BloFin2.5447+0.462%Polymarket Perps2.5449+0.470%Coinbase International2.5450+0.474%Variational Omni2.5496+0.657%edgeX2.5529+0.784%ApeX Omni2.5542+0.837%
BloFin
Polymarket Perps
Coinbase International
Variational Omni
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 | −0.306% | −0.4277% | 1h | $2K | $7K | 5.5x | as long as short |
| Reya PENDLERUSDPERP | −0.149% | +0.0015% | 1h | $4K | — | 15x | as long as short |
| Gate PENDLE_USDT | −0.110% | +0.0050% | 8h | $816K | $1.1M | 75x | as long as short |
| Extended PENDLE-USD | −0.076% | +0.0056% | 1h | $167K | $520K | 10x | as long as short |
| Aster PENDLEUSDT | −0.074% | −0.0032% | 8h | $51K | $133K | 10x | as long as short |
| Aevo PENDLE-PERP | −0.036% | +0.0096% | 1h | $27K | — | 3x | as long as short |
| Orderly PERP_PENDLE_USDC | −0.019% | +0.0049% | 8h | $20K | $4K | 10x | as long as short |
| Bitget PENDLEUSDT | −0.011% | +0.0100% | 8h | $3.8M | $2.6M | 75x | as long as short |
| Deribit PENDLE_USDC-PERPETUAL | −0.007% | −0.0025% | 1h | $30K | $11K | 10x | as long as short |
| Paradex PENDLE-USD-PERPlong | 0.000% | +0.0100% | 8h | $36K | $29K | 10x |