Spread before costs (cost unknown: a leg has no order-book sample)+0.048%
7d average—if it closes, per $10,000$5funding while held, a day+$7.53
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya PENDLERUSDPERP | 2.5444 | 0.0021 | pay 0.0003% / 1h | 26m 01s | $4K | — | 15x |
| Short | GMX PENDLE/USD [PENDLE-USDC] | 2.5457 | L +0.0200% / S −0.0272% | get 0.0034% / 1h | 26m 01s | $5K | — | 100x |
Reya PENDLERUSDPERP
GMX PENDLE/USD [PENDLE-USDC]Price 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
- $4.82
- Funding while held
- $7.53
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$5.65
- Spread needed to break even
- 0.180%
Slippage unknown: Reya: no order-book sample; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0251%
- Per $10,000 a day
- +$7.53
- 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 GMX no order-book sample | — | — | — | — | — |
Reya and GMX: 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.Injective2.5280cheapestBitget2.5426+0.578%Bybit2.5430+0.593%Binance2.5433+0.605%Extended2.5438+0.624%Gate2.5440+0.633%MEXC2.5440+0.633%BingX2.5441+0.637%Paradex2.5444+0.650%
Injective
Bitget
Bybit
Binance
Extended
Gate
MEXC
BingX
ParadexReya2.5444+0.650%
SunX2.5446+0.657%OKX2.5450+0.672%Orderly2.5450+0.672%Lighter2.5453+0.684%Aevo2.5453+0.685%
SunX
OKX
Orderly
Lighter
AevoGMX2.5457+0.699%
Deribit2.5459+0.708%BloFin2.5467+0.740%Kraken Futures2.5470+0.751%Aster2.5475+0.770%KuCoin2.5485+0.811%Polymarket Perps2.5488+0.823%Hyperliquid2.5489+0.827%Variational Omni2.5496+0.855%Backpack2.5497+0.858%dYdX2.5501+0.874%Coinbase International2.5510+0.910%edgeX2.5511+0.912%ApeX Omni2.5516+0.934%
Deribit
BloFin
Kraken Futures
Aster
KuCoin
Polymarket Perps
Hyperliquid
Variational Omni
Backpack
dYdX
Coinbase International
ApeX OmniPENDLE on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PENDLE/USDC PERP | −0.646% | −0.4421% | 1h | $2K | $7K | 5.5x | as long as short |
| Bitget PENDLEUSDT | −0.072% | +0.0100% | 8h | $3.9M | $2.6M | 75x | as long as short |
| Bybit PENDLEUSDT | −0.057% | +0.0100% | 8h | $15.9M | $11.9M | 50x | as long as short |
| Binance PENDLEUSDT | −0.045% | +0.0061% | 8h | $27.9M | $36.0M | 75x | as long as short |
| Extended PENDLE-USD | −0.026% | +0.0064% | 1h | $168K | $519K | 10x | as long as short |
| Gate PENDLE_USDT | −0.017% | +0.0100% | 8h | $817K | $1.0M | 75x | as long as short |
| MEXC PENDLE_USDT | −0.017% | +0.0062% | 8h | $17.0M | $2.2M | 125x | as long as short |
| BingX PENDLE-USDT | −0.014% | +0.0100% | 8h | — | $34.2M | — | as long as short |
| Paradex PENDLE-USD-PERP | 0.000% | +0.0100% | 8h | $36K | $28K | 10x | as long as short |
| Reya PENDLERUSDPERPlong | 0.000% | +0.0021% | 1h | $4K | — | 15x |