Spread before costs (cost unknown: a leg has no order-book sample)+0.308%
7d average—if it closes, per $10,000$31funding while held, a day+$8.44
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni PENDLE | 2.6033 | −0.0281 | get 0.0281% / 8h | 15m 36s | $818K | $2.2M | — |
| Short | Deribit PENDLE_USDC-PERPETUAL | 2.6113 | 0 | get 0.0000% / 1h | 15m 36s | $31K | $10K | 10x |
Variational Omni PENDLE
Deribit PENDLE_USDC-PERPETUALPrice 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
- $30.81
- Funding while held
- $8.44
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $32.25
- Spread needed to break even
- 0.070%
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Deribit: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0281%
- Per $10,000 a day
- +$8.44
- 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 Variational Omni RFQ quote, 5 min ago | 6.55 bp | doesn't fit | 77.8 bp −$778 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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.Injective2.5790cheapest
InjectiveVariational Omni2.6033+0.941%
BloFin2.6036+0.954%edgeX2.6046+0.991%Polymarket Perps2.6074+1.101%Reya2.6083+1.134%Orderly2.6088+1.155%Aevo2.6088+1.156%GMX2.6093+1.175%Gate2.6100+1.202%Coinbase International2.6100+1.202%Aster2.6102+1.208%dYdX2.6105+1.222%KuCoin2.6109+1.237%Bitget2.6112+1.249%
BloFin
Polymarket Perps
Reya
Orderly
Aevo
GMX
Gate
Coinbase International
Aster
dYdX
KuCoin
BitgetDeribit2.6113+1.252%
Bybit2.6115+1.260%Extended2.6117+1.268%BingX2.6118+1.272%SunX2.6118+1.272%Lighter2.6129+1.314%OKX2.6130+1.318%Paradex2.6137+1.344%MEXC2.6137+1.345%Backpack2.6138+1.349%Hyperliquid2.6143+1.368%Binance2.6146+1.380%ApeX Omni2.6158+1.427%Kraken Futures2.6188+1.543%
Bybit
Extended
BingX
SunX
Lighter
OKX
Paradex
MEXC
Backpack
Hyperliquid
Binance
ApeX Omni
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 | −0.933% | −0.1178% | 1h | $2K | $6K | 5.5x | as long as short |
| Variational Omni PENDLElong | 0.000% | −0.0281% | 8h | $818K | $2.2M | — | |
| BloFin PENDLE-USDT | +0.012% | +0.0089% | 8h | $1.5M | $846K | 75x | as long as short |
| edgeX PENDLEUSDC | +0.049% | +0.0100% | 4h | $26K | $417K | 10x | as long as short |
| Polymarket Perps PENDLE-USD | +0.158% | −0.0032% | 1h | $17K | $54K | 5x | as long as short |
| Reya PENDLERUSDPERP | +0.191% | +0.0007% | 1h | $4K | — | 15x | as long as short |
| Orderly PERP_PENDLE_USDC | +0.212% | +0.0054% | 8h | $21K | $4K | 10x | as long as short |
| Aevo PENDLE-PERP | +0.212% | +0.0104% | 1h | $27K | — | 3x | as long as short |
| GMX PENDLE/USD [PENDLE-USDC] | +0.231% | L +0.0200% / S −0.0272% | 1h | $5K | — | 100x | as long as short |
| Gate PENDLE_USDT | +0.258% | −0.0004% | 8h | $812K | $1.1M | 75x | as long as short |