Spread before costs (cost unknown: a leg has no order-book sample)+0.027%
7d average—if it closes, per $10,000$3funding while held, a day−$0.33
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps PENDLE-USD | 2.5594 | 0.0100 | pay 0.0013% / 1h | 17m 47s | $16K | $39K | 5x |
| Short | MEXC PENDLE_USDT | 2.5601 | 0.0089 | get 0.0089% / 8h | 7h 17m | $16.8M | $2.1M | 125x |
Polymarket Perps PENDLE-USD
MEXC 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
- $2.74
- Funding while held
- −$0.33
- Slippage, 4 orders
- no order book: not counted
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$9.59
- Spread needed to break even
- 0.120%
Slippage unknown: Polymarket Perps: no order-book sample; MEXC: live order book, 2 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0011%
- Per $10,000 a day
- −$0.33
- 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 MEXC live order book, 2 min ago | 1.76 bp | 5.9 bp −$6 | 25.1 bp −$251 | 95.9 bp −$9,589 | 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.Aevo2.5579cheapestKraken Futures2.5584+0.020%Orderly2.5588+0.035%Deribit2.5588+0.035%Bybit2.5590+0.043%Bitget2.5591+0.047%Reya2.5592+0.050%
Aevo
Kraken Futures
Orderly
Deribit
Bybit
Bitget
ReyaPolymarket Perps2.5594+0.059%
Extended2.5597+0.072%BloFin2.5598+0.074%Gate2.5600+0.082%Injective2.5600+0.082%
Extended
BloFin
Gate
InjectiveMEXC2.5601+0.086%
Binance2.5603+0.094%SunX2.5603+0.094%Paradex2.5605+0.100%Aster2.5605+0.102%BingX2.5605+0.102%GMX2.5605+0.103%OKX2.5610+0.121%Lighter2.5613+0.133%KuCoin2.5619+0.156%dYdX2.5645+0.258%Coinbase International2.5650+0.278%Backpack2.5655+0.297%Hyperliquid2.5656+0.301%Variational Omni2.5666+0.340%ApeX Omni2.5677+0.383%edgeX2.5777+0.773%
Binance
SunX
Paradex
Aster
BingX
GMX
OKX
Lighter
KuCoin
dYdX
Coinbase International
Backpack
Hyperliquid
Variational Omni
ApeX OmniPENDLE on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aevo PENDLE-PERP | −0.059% | +0.0104% | 1h | $27K | — | 3x | as long as short |
| Kraken Futures PF_PENDLEUSD | −0.039% | +0.1766% | 1h | $143K | $252K | 20x | as long as short |
| Orderly PERP_PENDLE_USDC | −0.023% | +0.0053% | 8h | $20K | $4K | 10x | as long as short |
| Deribit PENDLE_USDC-PERPETUAL | −0.023% | 0.0000% | 1h | $30K | $11K | 10x | as long as short |
| Bybit PENDLEUSDT | −0.016% | −0.0198% | 8h | $16.0M | $11.9M | 50x | as long as short |
| Bitget PENDLEUSDT | −0.012% | +0.0100% | 8h | $3.8M | $2.6M | 75x | as long as short |
| Reya PENDLERUSDPERP | −0.009% | +0.0012% | 1h | $4K | — | 15x | as long as short |
| Polymarket Perps PENDLE-USDlong | 0.000% | +0.0100% | 1h | $16K | $39K | 5x | |
| Extended PENDLE-USD | +0.013% | +0.0088% | 1h | $168K | $520K | 10x | as long as short |
| BloFin PENDLE-USDT | +0.016% | +0.0107% | 8h | $1.4M | $851K | 75x | as long as short |