Spread before costs (cost unknown: a leg has no order-book sample)+0.158%
7d average+0.153%if it closes, per $10,000$16funding while held, a day+$4.95
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni PENDLE | 2.5496 | −0.0065 | get 0.0065% / 8h | 5h 00m | $659K | $2.2M | — |
| Short | Hyperliquid PENDLE | 2.5536 | 0.0100 | get 0.0013% / 1h | 0m 03s | $12.3M | $5.4M | 5x |
Variational Omni PENDLE
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
- $15.83
- Funding while held
- $4.95
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $11.79
- Spread needed to break even
- 0.090%
Slippage unknown: Variational Omni: RFQ quote, just now; Hyperliquid: live order book, 4 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0165%
- Per $10,000 a day
- +$4.95
- 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, just now | 4.69 bp | doesn't fit | 85.0 bp −$850 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 4 min ago | 1.57 bp | 13.2 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
PENDLE price on every exchange
against the cheapest. Click to use as the short leg.Injective2.5080cheapestBloFin2.5485+1.615%Paradex2.5488+1.628%Bybit2.5494+1.651%Extended2.5495+1.655%
Injective
BloFin
Paradex
Bybit
ExtendedVariational Omni2.5496+1.657%
MEXC2.5497+1.663%Reya2.5500+1.675%Orderly2.5502+1.683%Aster2.5504+1.690%BingX2.5504+1.691%Binance2.5505+1.695%Aevo2.5506+1.697%SunX2.5507+1.703%Lighter2.5508+1.707%Bitget2.5508+1.707%ApeX Omni2.5509+1.711%GMX2.5510+1.714%OKX2.5510+1.715%Deribit2.5515+1.734%edgeX2.5516+1.737%KuCoin2.5516+1.738%dYdX2.5517+1.743%Gate2.5520+1.754%Polymarket Perps2.5524+1.770%Kraken Futures2.5528+1.786%
MEXC
Reya
Orderly
Aster
BingX
Binance
Aevo
SunX
Lighter
Bitget
ApeX Omni
GMX
OKX
Deribit
KuCoin
dYdX
Gate
Polymarket Perps
Kraken FuturesHyperliquid2.5536+1.818%
Coinbase International2.5550+1.874%Backpack2.5555+1.894%
Coinbase International
BackpackPENDLE on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PENDLE/USDC PERP | −1.630% | −0.4421% | 1h | $2K | $7K | 5.5x | as long as short |
| BloFin PENDLE-USDT | −0.042% | +0.0067% | 8h | $1.4M | $820K | 75x | as long as short |
| Paradex PENDLE-USD-PERP | −0.029% | +0.0100% | 8h | $36K | $28K | 10x | as long as short |
| Bybit PENDLEUSDT | −0.006% | +0.0100% | 8h | $15.9M | $11.9M | 50x | as long as short |
| Extended PENDLE-USD | −0.002% | +0.0064% | 1h | $168K | $519K | 10x | as long as short |
| Variational Omni PENDLElong | 0.000% | −0.0065% | 8h | $659K | $2.2M | — | |
| MEXC PENDLE_USDT | +0.005% | +0.0063% | 8h | $17.0M | $2.2M | 125x | as long as short |
| Reya PENDLERUSDPERP | +0.018% | +0.0023% | 1h | $4K | — | 15x | as long as short |
| Orderly PERP_PENDLE_USDC | +0.025% | +0.0039% | 8h | $20K | $4K | 10x | as long as short |
| Aster PENDLEUSDT | +0.032% | −0.0006% | 8h | $52K | $141K | 10x | as long as short |