PENDLE

Alert

Spread before costs (cost unknown: a leg has no order-book sample)−0.541%

7d average−0.059%if it closes, per $10,000$54funding while held, a day−$1.12

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX PENDLE-USDT	2.5498	0.0100	pay 0.0100% / 8h	6h 40m	$2K	$1.6M	20x
Short	Bybit PENDLEUSDT	2.5360	0.0063	get 0.0063% / 8h	6h 40m	$15.8M	$11.7M	50x

Price spread history

latest

Range statsloading…

share of time at each level, last 7D

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Position, each leg$Hold forhoursFee SunXbpFee BybitbpOrdersClose when spread is

Slippage unknown: SunX: live order book, 11 min ago; Bybit: live order book, 4 min ago. Net counts fees only.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SunX live order book, 11 min ago	500.02 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	3.92 bp	12.4 bp −$12	40.1 bp −$401	811.0 bp −$81.1K	doesn't fit

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Injective PENDLE/USDC PERP	−0.659%	−0.4277%	1h	$2K	$7K	5.5x	as long as short
Bitget PENDLEUSDT	−0.580%	+0.0100%	8h	$3.8M	$2.6M	75x	as long as short
Bybit PENDLEUSDTshort	−0.541%	+0.0063%	8h	$15.8M	$11.7M	50x
Reya PENDLERUSDPERP	−0.503%	+0.0015%	1h	$4K	—	15x	as long as short
KuCoin PENDLEUSDTM	−0.475%	+0.0100%	8h	$927K	$559K	50x	as long as short
OKX PENDLE-USDT-SWAP	−0.463%	+0.0100%	4h	$3.3M	$5.1M	50x	as long as short
Binance PENDLEUSDT	−0.411%	+0.0058%	8h	$27.9M	$34.7M	75x	as long as short
Hyperliquid PENDLE	−0.369%	+0.0100%	1h	$12.2M	$5.3M	5x	as long as short
MEXC PENDLE_USDT	−0.353%	+0.0059%	8h	$16.8M	$2.2M	125x	as long as short
BloFin PENDLE-USDT	−0.200%	+0.0056%	8h	$1.4M	$845K	75x	as long as short

Show all 29 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Polymarket Perps PENDLE-USD	−0.192%	+0.0100%	1h	$16K	$30K	5x	as long as short
Gate PENDLE_USDT	−0.188%	+0.0050%	8h	$813K	$1.1M	75x	as long as short
Aster PENDLEUSDT	−0.172%	−0.0032%	8h	$51K	$132K	10x	as long as short
Paradex PENDLE-USD-PERP	−0.170%	+0.0100%	8h	$36K	$29K	10x	as long as short
Extended PENDLE-USD	−0.166%	+0.0056%	1h	$168K	$520K	10x	as long as short
Aevo PENDLE-PERP	−0.161%	+0.0096%	1h	$27K	—	3x	as long as short
BingX PENDLE-USDT	−0.137%	+0.0100%	8h	—	$34.2M	—	as long as short
Lighter PENDLE	−0.122%	+0.0096%	1h	$557K	$356K	5x	as long as short
Orderly PERP_PENDLE_USDC	−0.122%	+0.0049%	8h	$20K	$4K	10x	as long as short
Deribit PENDLE_USDC-PERPETUAL	−0.122%	0.0000%	1h	$30K	$11K	10x	as long as short
GMX PENDLE/USD [PENDLE-USDC]	−0.082%	L +0.0200% / S −0.0272%	1h	$5K	—	100x	as long as short
dYdX PENDLE-USD	−0.048%	0.0000%	1h	$11K	—	5x	as long as short
Variational Omni PENDLE	−0.006%	−0.0235%	8h	$663K	$2.2M	—	as long as short
SunX PENDLE-USDTlong	0.000%	+0.0100%	8h	$2K	$1.6M	20x
Backpack PENDLE_USDC_PERP	+0.008%	+0.0692%	1h	$377K	$456K	15x	as long as short
Kraken Futures PF_PENDLEUSD	+0.023%	+0.2129%	1h	$155K	$268K	20x	as long as short
edgeX PENDLEUSDC	+0.120%	+0.0100%	4h	$25K	$418K	10x	as long as short
ApeX Omni PENDLEUSDT	+0.173%	+0.0100%	1h	$78K	$238K	50x	as long as short
Coinbase International PENDLE-PERP-INTX	+0.361%	+0.0592%	1h	$116K	$431K	25x	as long as short