Spread before costs (cost unknown: a leg has no order-book sample)−0.015%
7d average—if it closes, per $10,000$2funding while held, a day+$2.79
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya PENDLERUSDPERP | 2.5541 | 0.0014 | pay 0.0002% / 1h | 1m 21s | $4K | — | 15x |
| Short | BloFin PENDLE-USDT | 2.5537 | 0.0106 | get 0.0106% / 8h | 7h 01m | $1.4M | $851K | 75x |
Reya PENDLERUSDPERP
BloFin 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
- −$1.52
- Funding while held
- $2.79
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$16.73
- Spread needed to break even
- 0.180%
Slippage unknown: Reya: no order-book sample; BloFin: live order book, 3 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0093%
- Per $10,000 a day
- +$2.79
- 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 BloFin live order book, 3 min ago | 0.59 bp | 9.5 bp −$10 | 21.5 bp −$215 | 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.Injective2.5290cheapestBitget2.5511+0.874%Paradex2.5516+0.893%BingX2.5519+0.905%Aevo2.5521+0.913%Orderly2.5522+0.917%Bybit2.5524+0.925%Extended2.5525+0.928%Binance2.5527+0.939%Gate2.5530+0.949%MEXC2.5534+0.965%Deribit2.5534+0.965%Lighter2.5536+0.973%
Injective
Bitget
Paradex
BingX
Aevo
Orderly
Bybit
Extended
Binance
Gate
MEXC
Deribit
LighterBloFin2.5537+0.977%
OKX2.5540+0.989%GMX2.5541+0.991%
OKX
GMXReya2.5541+0.992%
Variational Omni2.5544+1.003%Polymarket Perps2.5546+1.012%KuCoin2.5549+1.024%Aster2.5550+1.028%SunX2.5555+1.048%ApeX Omni2.5568+1.099%Backpack2.5578+1.139%dYdX2.5579+1.142%Hyperliquid2.5591+1.190%Coinbase International2.5600+1.226%Kraken Futures2.5608+1.256%edgeX2.5617+1.291%
Variational Omni
Polymarket Perps
KuCoin
Aster
SunX
ApeX Omni
Backpack
dYdX
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 | −0.982% | −0.1875% | 1h | $2K | $6K | 5.5x | as long as short |
| Bitget PENDLEUSDT | −0.117% | +0.0100% | 8h | $3.8M | $2.6M | 75x | as long as short |
| Paradex PENDLE-USD-PERP | −0.098% | +0.0100% | 8h | $36K | $30K | 10x | as long as short |
| BingX PENDLE-USDT | −0.086% | +0.0100% | 8h | — | $34.2M | — | as long as short |
| Aevo PENDLE-PERP | −0.078% | +0.0104% | 1h | $27K | — | 3x | as long as short |
| Orderly PERP_PENDLE_USDC | −0.074% | +0.0050% | 8h | $20K | $4K | 10x | as long as short |
| Bybit PENDLEUSDT | −0.066% | −0.0072% | 8h | $16.0M | $11.8M | 50x | as long as short |
| Extended PENDLE-USD | −0.063% | +0.0080% | 1h | $168K | $520K | 10x | as long as short |
| Binance PENDLEUSDT | −0.053% | +0.0074% | 8h | $28.0M | $34.4M | 75x | as long as short |
| Gate PENDLE_USDT | −0.043% | +0.0078% | 8h | $815K | $1.1M | 75x | as long as short |