Spread before costs (cost unknown: a leg has no order-book sample)+0.216%
7d average—if it closes, per $10,000$22funding while held, a day+$16.25
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni PENDLE | 2.5831 | −0.0270 | get 0.0270% / 8h | 7h 29m | $670K | $2.3M | — |
| Short | GMX PENDLE/USD [PENDLE-USDC] | 2.5887 | L +0.0200% / S −0.0272% | get 0.0034% / 1h | 29m 11s | $5K | — | 100x |
Variational Omni PENDLE
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
- $21.55
- Funding while held
- $16.25
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $25.8
- Spread needed to break even
- 0.120%
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0542%
- Per $10,000 a day
- +$16.25
- 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, 1 min ago | 4.66 bp | doesn't fit | 62.0 bp −$620 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
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.Injective2.5600cheapest
InjectiveVariational Omni2.5831+0.904%
Paradex2.5839+0.934%Bitget2.5840+0.937%Gate2.5850+0.977%Bybit2.5855+0.996%BingX2.5855+0.996%Polymarket Perps2.5857+1.004%OKX2.5860+1.016%Extended2.5861+1.020%Binance2.5864+1.031%MEXC2.5866+1.039%BloFin2.5866+1.039%ApeX Omni2.5867+1.043%Orderly2.5869+1.051%Reya2.5870+1.055%SunX2.5871+1.059%edgeX2.5872+1.061%Aevo2.5873+1.065%KuCoin2.5873+1.066%Lighter2.5878+1.086%Aster2.5880+1.093%Deribit2.5881+1.098%dYdX2.5886+1.117%
Paradex
Bitget
Gate
Bybit
BingX
Polymarket Perps
OKX
Extended
Binance
MEXC
BloFin
ApeX Omni
Orderly
Reya
SunX
Aevo
KuCoin
Lighter
Aster
Deribit
dYdXGMX2.5887+1.121%
Hyperliquid2.5899+1.168%Backpack2.5902+1.180%Coinbase International2.5910+1.211%Kraken Futures2.5933+1.299%
Hyperliquid
Backpack
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 | −0.896% | −0.1875% | 1h | $2K | $6K | 5.5x | as long as short |
| Variational Omni PENDLElong | 0.000% | −0.0270% | 8h | $670K | $2.3M | — | |
| Paradex PENDLE-USD-PERP | +0.029% | +0.0100% | 8h | $36K | $30K | 10x | as long as short |
| Bitget PENDLEUSDT | +0.033% | +0.0100% | 8h | $3.9M | $2.6M | 75x | as long as short |
| Gate PENDLE_USDT | +0.072% | +0.0100% | 8h | $817K | $1.1M | 75x | as long as short |
| Bybit PENDLEUSDT | +0.091% | −0.0099% | 8h | $16.1M | $11.9M | 50x | as long as short |
| BingX PENDLE-USDT | +0.091% | +0.0100% | 8h | — | $34.3M | — | as long as short |
| Polymarket Perps PENDLE-USD | +0.099% | +0.0100% | 1h | $16K | $44K | 5x | as long as short |
| OKX PENDLE-USDT-SWAP | +0.111% | +0.0100% | 4h | $3.2M | $5.0M | 50x | as long as short |
| Extended PENDLE-USD | +0.115% | +0.0104% | 1h | $171K | $520K | 10x | as long as short |