Spread before costs (cost unknown: a leg has no order-book sample)+0.266%
7d average—if it closes, per $10,000$27funding while held, a day+$20.90
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya PENDLERUSDPERP | 2.5529 | 0.0016 | pay 0.0002% / 1h | 36m 05s | $4K | — | 15x |
| Short | Backpack PENDLE_USDC_PERP | 2.5597 | 0.0712 | get 0.0089% / 1h | 36m 05s | $374K | $458K | 15x |
Reya PENDLERUSDPERP
Backpack PENDLE_USDC_PERPPrice 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
- $26.62
- Funding while held
- $20.9
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $31.51
- Spread needed to break even
- 0.160%
Slippage unknown: Reya: no order-book sample; Backpack: live order book, 4 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0697%
- Per $10,000 a day
- +$20.90
- 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 Reya no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 4 min ago | 2.36 bp | 7.6 bp −$8 | 31.3 bp −$313 | doesn't fit | doesn't fit |
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.Injective2.5110cheapestApeX Omni2.5412+1.203%edgeX2.5418+1.227%Variational Omni2.5496+1.539%Paradex2.5519+1.628%Gate2.5520+1.633%dYdX2.5520+1.634%Aevo2.5529+1.668%
Injective
ApeX Omni
Variational Omni
Paradex
Gate
dYdX
AevoReya2.5529+1.669%
Extended2.5532+1.683%Aster2.5538+1.703%KuCoin2.5538+1.705%Orderly2.5539+1.708%Polymarket Perps2.5540+1.712%BingX2.5543+1.724%BloFin2.5543+1.724%Deribit2.5545+1.732%GMX2.5547+1.739%Lighter2.5553+1.764%MEXC2.5556+1.776%Binance2.5563+1.802%Bybit2.5570+1.832%Bitget2.5577+1.860%SunX2.5580+1.872%Coinbase International2.5580+1.872%OKX2.5590+1.912%Hyperliquid2.5594+1.929%
Extended
Aster
KuCoin
Orderly
Polymarket Perps
BingX
BloFin
Deribit
GMX
Lighter
MEXC
Binance
Bybit
Bitget
SunX
Coinbase International
OKX
HyperliquidBackpack2.5597+1.939%
Kraken Futures2.5616+2.015%
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 | −1.641% | −0.4277% | 1h | $2K | $7K | 5.5x | as long as short |
| ApeX Omni PENDLEUSDT | −0.459% | +0.0100% | 1h | $78K | $238K | 50x | as long as short |
| edgeX PENDLEUSDC | −0.435% | +0.0100% | 4h | $25K | $416K | 10x | as long as short |
| Variational Omni PENDLE | −0.128% | −0.0235% | 8h | $663K | $2.2M | — | as long as short |
| Paradex PENDLE-USD-PERP | −0.041% | +0.0100% | 8h | $36K | $29K | 10x | as long as short |
| Gate PENDLE_USDT | −0.035% | +0.0092% | 8h | $820K | $1.1M | 75x | as long as short |
| dYdX PENDLE-USD | −0.034% | 0.0000% | 1h | $11K | — | 5x | as long as short |
| Aevo PENDLE-PERP | −0.001% | +0.0096% | 1h | $27K | — | 3x | as long as short |
| Reya PENDLERUSDPERPlong | 0.000% | +0.0016% | 1h | $4K | — | 15x | |
| Extended PENDLE-USD | +0.013% | +0.0056% | 1h | $168K | $520K | 10x | as long as short |