Spread before costs (cost unknown: a leg has no order-book sample)−0.001%
7d average—if it closes, per $10,000$0funding while held, a day+$3.02
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya PENDLERUSDPERP | 2.6751 | −0.0001 | get 0.0000% / 1h | 57m 42s | $4K | — | 15x |
| Short | Hyperliquid PENDLE | 2.6751 | 0.0100 | get 0.0013% / 1h | 57m 42s | $12.8M | $4.8M | 5x |
Reya PENDLERUSDPERP
Hyperliquid PENDLEPrice 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
- −$0.08
- Funding while held
- $3.02
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$12.05
- Spread needed to break even
- 0.150%
Slippage unknown: Reya: no order-book sample; Hyperliquid: live order book, 6 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0101%
- Per $10,000 a day
- +$3.02
- 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 Hyperliquid live order book, 6 min ago | 1.30 bp | 13.8 bp −$14 | doesn't fit | 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.Injective2.6320cheapestBybit2.6659+1.288%OKX2.6670+1.330%Binance2.6691+1.410%Extended2.6703+1.455%Gate2.6720+1.520%dYdX2.6724+1.535%Lighter2.6728+1.550%BingX2.6728+1.550%MEXC2.6730+1.558%KuCoin2.6742+1.603%Bitget2.6746+1.619%
Injective
Bybit
OKX
Binance
Extended
Gate
dYdX
Lighter
BingX
MEXC
KuCoin
BitgetHyperliquid2.6751+1.638%
Reya2.6751+1.638%
Paradex2.6752+1.640%Aevo2.6752+1.641%Aster2.6753+1.644%Orderly2.6754+1.649%Polymarket Perps2.6758+1.664%SunX2.6761+1.676%BloFin2.6762+1.679%GMX2.6766+1.693%Deribit2.6770+1.710%Variational Omni2.6783+1.758%Coinbase International2.6790+1.786%Backpack2.6792+1.793%edgeX2.6806+1.846%Kraken Futures2.6815+1.882%ApeX Omni2.6873+2.101%
Paradex
Aevo
Aster
Orderly
Polymarket Perps
SunX
BloFin
GMX
Deribit
Variational Omni
Coinbase International
Backpack
Kraken Futures
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 | −1.612% | −0.3627% | 1h | $4K | $51K | 5.5x | as long as short |
| Bybit PENDLEUSDT | −0.345% | −0.0164% | 8h | $16.7M | $11.0M | 50x | as long as short |
| OKX PENDLE-USDT-SWAP | −0.304% | +0.0100% | 4h | $3.3M | $4.6M | 50x | as long as short |
| Binance PENDLEUSDT | −0.225% | +0.0100% | 8h | $30.1M | $30.2M | 75x | as long as short |
| Extended PENDLE-USD | −0.181% | +0.0104% | 1h | $177K | $520K | 10x | as long as short |
| Gate PENDLE_USDT | −0.117% | +0.0001% | 8h | $841K | $998K | 75x | as long as short |
| dYdX PENDLE-USD | −0.102% | 0.0000% | 1h | $11K | — | 5x | as long as short |
| Lighter PENDLE | −0.087% | +0.0096% | 1h | $590K | $325K | 5x | as long as short |
| BingX PENDLE-USDT | −0.087% | +0.0100% | 8h | — | $34.1M | — | as long as short |
| MEXC PENDLE_USDT | −0.079% | +0.0100% | 8h | $17.5M | $1.9M | 125x | as long as short |