Spread before costs (cost unknown: a leg has no order-book sample)−0.028%
7d average—if it closes, per $10,000$3funding while held, a day−$1.17
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps PENDLE-USD | 2.5427 | 0.0100 | pay 0.0013% / 1h | 39m 17s | $16K | $30K | 5x |
| Short | Gate PENDLE_USDT | 2.5420 | 0.0061 | get 0.0061% / 8h | 6h 39m | $817K | $1.1M | 75x |
Polymarket Perps PENDLE-USD
Gate PENDLE_USDTPrice 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
- −$2.75
- Funding while held
- −$1.17
- Slippage, 4 orders
- no order book: not counted
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$26.92
- Spread needed to break even
- 0.230%
Slippage unknown: Polymarket Perps: no order-book sample; Gate: live order book, 4 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0039%
- Per $10,000 a day
- −$1.17
- 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 Polymarket Perps no order-book sample | — | — | — | — | — |
| Sell Gate live order book, 4 min ago | 3.92 bp | 27.4 bp −$27 | 119.2 bp −$1,192 | doesn't fit | doesn't fit |
Polymarket Perps: 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.Injective2.5110cheapestAster2.5395+1.135%Paradex2.5408+1.186%KuCoin2.5409+1.191%MEXC2.5414+1.211%Lighter2.5416+1.219%Aevo2.5418+1.228%
Injective
Aster
Paradex
KuCoin
MEXC
Lighter
AevoGate2.5420+1.235%
Bitget2.5421+1.239%dYdX2.5421+1.240%BingX2.5423+1.247%Bybit2.5427+1.262%
Bitget
dYdX
BingX
BybitPolymarket Perps2.5427+1.262%
Reya2.5428+1.268%Binance2.5430+1.274%Backpack2.5435+1.294%Orderly2.5437+1.302%Extended2.5438+1.308%BloFin2.5447+1.342%OKX2.5450+1.354%Coinbase International2.5450+1.354%GMX2.5450+1.355%Hyperliquid2.5453+1.366%Deribit2.5457+1.382%SunX2.5482+1.481%edgeX2.5482+1.483%ApeX Omni2.5491+1.517%Variational Omni2.5496+1.539%Kraken Futures2.5504+1.571%
Reya
Binance
Backpack
Orderly
Extended
BloFin
OKX
Coinbase International
GMX
Hyperliquid
Deribit
SunX
ApeX Omni
Variational Omni
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 | −1.247% | −0.4277% | 1h | $2K | $7K | 5.5x | as long as short |
| Aster PENDLEUSDT | −0.126% | −0.0032% | 8h | $51K | $133K | 10x | as long as short |
| Paradex PENDLE-USD-PERP | −0.075% | +0.0100% | 8h | $36K | $29K | 10x | as long as short |
| KuCoin PENDLEUSDTM | −0.071% | +0.0100% | 8h | $928K | $559K | 50x | as long as short |
| MEXC PENDLE_USDT | −0.051% | +0.0057% | 8h | $16.8M | $2.2M | 125x | as long as short |
| Lighter PENDLE | −0.043% | +0.0096% | 1h | $556K | $356K | 5x | as long as short |
| Aevo PENDLE-PERP | −0.034% | +0.0096% | 1h | $27K | — | 3x | as long as short |
| Gate PENDLE_USDTshort | −0.028% | +0.0061% | 8h | $817K | $1.1M | 75x | |
| Bitget PENDLEUSDT | −0.024% | +0.0100% | 8h | $3.8M | $2.6M | 75x | as long as short |
| dYdX PENDLE-USD | −0.023% | 0.0000% | 1h | $11K | — | 5x | as long as short |