Spread before costs (cost unknown: a leg has no order-book sample)−0.033%
7d average—if it closes, per $10,000$3funding while held, a day−$2.59
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex PENDLE-USD-PERP | 2.5530 | 0.0100 | pay 0.0100% / 8h | 6h 58m | $36K | $30K | 10x |
| Short | Reya PENDLERUSDPERP | 2.5522 | 0.0014 | get 0.0002% / 1h | 58m 43s | $4K | — | 15x |
Paradex PENDLE-USD-PERP
Reya PENDLERUSDPERPPrice 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
- −$3.26
- Funding while held
- −$2.59
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$15.85
- Spread needed to break even
- 0.100%
Slippage unknown: Paradex: no order-book sample; Reya: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0086%
- Per $10,000 a day
- −$2.59
- 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 Reya no order-book sample | — | — | — | — | — |
Paradex and Reya: 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.Injective2.5270cheapestBloFin2.5513+0.962%Variational Omni2.5514+0.967%Aevo2.5521+0.994%
Injective
BloFin
Variational Omni
AevoReya2.5522+0.996%
edgeX2.5522+0.997%Orderly2.5522+0.997%Polymarket Perps2.5524+1.005%Bitget2.5525+1.009%Bybit2.5527+1.017%ApeX Omni2.5527+1.017%Gate2.5530+1.029%
Orderly
Polymarket Perps
Bitget
Bybit
ApeX Omni
GateParadex2.5530+1.029%
KuCoin2.5532+1.037%Deribit2.5534+1.045%Extended2.5536+1.052%GMX2.5537+1.055%dYdX2.5538+1.060%Binance2.5538+1.061%Aster2.5539+1.064%Lighter2.5542+1.076%MEXC2.5542+1.076%BingX2.5545+1.088%OKX2.5550+1.108%SunX2.5555+1.128%Backpack2.5556+1.132%Hyperliquid2.5581+1.229%Coinbase International2.5600+1.306%Kraken Futures2.5604+1.323%
KuCoin
Deribit
Extended
GMX
dYdX
Binance
Aster
Lighter
MEXC
BingX
OKX
SunX
Backpack
Hyperliquid
Coinbase International
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 | −1.019% | −0.4277% | 1h | $2K | $6K | 5.5x | as long as short |
| BloFin PENDLE-USDT | −0.067% | +0.0050% | 8h | $1.4M | $847K | 75x | as long as short |
| Variational Omni PENDLE | −0.062% | −0.0259% | 8h | $659K | $2.2M | — | as long as short |
| Aevo PENDLE-PERP | −0.035% | +0.0096% | 1h | $27K | — | 3x | as long as short |
| Reya PENDLERUSDPERPshort | −0.033% | +0.0014% | 1h | $4K | — | 15x | |
| edgeX PENDLEUSDC | −0.032% | +0.0100% | 4h | $25K | $418K | 10x | as long as short |
| Orderly PERP_PENDLE_USDC | −0.032% | +0.0050% | 8h | $20K | $4K | 10x | as long as short |
| Polymarket Perps PENDLE-USD | −0.024% | +0.0100% | 1h | $16K | $30K | 5x | as long as short |
| Bitget PENDLEUSDT | −0.020% | +0.0100% | 8h | $3.8M | $2.6M | 75x | as long as short |
| Bybit PENDLEUSDT | −0.012% | −0.0056% | 8h | $16.0M | $11.8M | 50x | as long as short |