Spread before costs (cost unknown: a leg has no order-book sample)−0.007%
7d average—if it closes, per $10,000$1funding while held, a day−$0.12
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex PENDLE-USD-PERP | 2.5600 | 0.0100 | pay 0.0100% / 8h | 6h 20m | $36K | $29K | 10x |
| Short | Lighter PENDLE | 2.5598 | 0.0096 | get 0.0012% / 1h | 20m 25s | $560K | $356K | 5x |
Paradex PENDLE-USD-PERP
Lighter 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
- −$0.72
- Funding while held
- −$0.12
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$4.84
- Spread needed to break even
- 0.040%
Slippage unknown: Paradex: no order-book sample; Lighter: live order book, 16 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0004%
- Per $10,000 a day
- −$0.12
- 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 Lighter live order book, 16 min ago | 9.77 bp | 10.7 bp −$11 | 101.3 bp −$1,013 | 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.Injective2.5290cheapestedgeX2.5568+1.097%ApeX Omni2.5568+1.099%BingX2.5589+1.182%Gate2.5590+1.186%Aster2.5590+1.186%Bitget2.5591+1.190%Extended2.5591+1.190%KuCoin2.5593+1.198%BloFin2.5597+1.214%Variational Omni2.5597+1.215%
Injective
ApeX Omni
BingX
Gate
Aster
Bitget
Extended
KuCoin
BloFin
Variational OmniLighter2.5598+1.218%
Binance2.5599+1.222%
BinanceParadex2.5600+1.225%
Bybit2.5600+1.226%MEXC2.5600+1.226%Aevo2.5601+1.230%Orderly2.5605+1.246%OKX2.5610+1.265%Deribit2.5610+1.265%SunX2.5611+1.269%Reya2.5612+1.274%GMX2.5614+1.281%dYdX2.5615+1.286%Kraken Futures2.5616+1.289%Polymarket Perps2.5618+1.297%Backpack2.5629+1.340%Hyperliquid2.5637+1.372%Coinbase International2.5640+1.384%
Bybit
MEXC
Aevo
Orderly
OKX
Deribit
SunX
Reya
GMX
dYdX
Kraken Futures
Polymarket Perps
Backpack
Hyperliquid
Coinbase InternationalPENDLE on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PENDLE/USDC PERP | −1.210% | −0.4277% | 1h | $2K | $7K | 5.5x | as long as short |
| edgeX PENDLEUSDC | −0.126% | +0.0100% | 4h | $25K | $415K | 10x | as long as short |
| ApeX Omni PENDLEUSDT | −0.124% | +0.0100% | 1h | $78K | $237K | 50x | as long as short |
| BingX PENDLE-USDT | −0.042% | +0.0100% | 8h | — | $34.3M | — | as long as short |
| Gate PENDLE_USDT | −0.038% | +0.0087% | 8h | $821K | $1.1M | 75x | as long as short |
| Aster PENDLEUSDT | −0.038% | −0.0027% | 8h | $52K | $133K | 10x | as long as short |
| Bitget PENDLEUSDT | −0.034% | +0.0100% | 8h | $3.8M | $2.5M | 75x | as long as short |
| Extended PENDLE-USD | −0.034% | +0.0056% | 1h | $168K | $518K | 10x | as long as short |
| KuCoin PENDLEUSDTM | −0.027% | +0.0100% | 8h | $949K | $566K | 50x | as long as short |
| BloFin PENDLE-USDT | −0.011% | +0.0032% | 8h | $1.4M | $815K | 75x | as long as short |