Spread before costs (cost unknown: a leg has no order-book sample)+0.283%
7d average—if it closes, per $10,000$28funding while held, a day+$4.11
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni PENDLE | 2.5471 | −0.0097 | get 0.0097% / 8h | 5h 13m | $656K | $2.2M | — |
| Short | Orderly PERP_PENDLE_USDC | 2.5543 | 0.0040 | get 0.0040% / 8h | 5h 13m | $20K | $4K | 10x |
Variational Omni PENDLE
Orderly PERP_PENDLE_USDCPrice 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
- $28.31
- Funding while held
- $4.11
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $26.42
- Spread needed to break even
- 0.060%
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Orderly: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0137%
- Per $10,000 a day
- +$4.11
- 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, 2 min ago | 6.63 bp | doesn't fit | 77.8 bp −$778 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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.Injective2.5080cheapestedgeX2.5446+1.459%ApeX Omni2.5449+1.471%
Injective
ApeX OmniVariational Omni2.5471+1.559%
BloFin2.5503+1.687%Paradex2.5514+1.730%SunX2.5514+1.730%dYdX2.5516+1.736%Gate2.5520+1.754%Aster2.5523+1.765%Bitget2.5524+1.770%Kraken Futures2.5526+1.777%Reya2.5527+1.783%BingX2.5528+1.786%MEXC2.5530+1.794%Binance2.5534+1.812%KuCoin2.5535+1.814%Extended2.5536+1.819%Aevo2.5536+1.819%Lighter2.5538+1.826%Bybit2.5539+1.830%Deribit2.5541+1.838%
BloFin
Paradex
SunX
dYdX
Gate
Aster
Bitget
Kraken Futures
Reya
BingX
MEXC
Binance
KuCoin
Extended
Aevo
Lighter
Bybit
DeribitOrderly2.5543+1.846%
OKX2.5550+1.874%GMX2.5551+1.878%Polymarket Perps2.5553+1.886%Coinbase International2.5560+1.914%Hyperliquid2.5579+1.990%Backpack2.5589+2.030%
OKX
GMX
Polymarket Perps
Coinbase International
Hyperliquid
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 | −1.535% | −0.4421% | 1h | $2K | $7K | 5.5x | as long as short |
| edgeX PENDLEUSDC | −0.098% | +0.0100% | 4h | $25K | $417K | 10x | as long as short |
| ApeX Omni PENDLEUSDT | −0.086% | +0.0100% | 1h | $78K | $238K | 50x | as long as short |
| Variational Omni PENDLElong | 0.000% | −0.0097% | 8h | $656K | $2.2M | — | |
| BloFin PENDLE-USDT | +0.126% | +0.0047% | 8h | $1.4M | $819K | 75x | as long as short |
| Paradex PENDLE-USD-PERP | +0.169% | +0.0100% | 8h | $36K | $28K | 10x | as long as short |
| SunX PENDLE-USDT | +0.169% | +0.0100% | 8h | $2K | $1.6M | 20x | as long as short |
| dYdX PENDLE-USD | +0.175% | 0.0000% | 1h | $11K | — | 5x | as long as short |
| Gate PENDLE_USDT | +0.193% | +0.0100% | 8h | $818K | $1.1M | 75x | as long as short |
| Aster PENDLEUSDT | +0.204% | −0.0020% | 8h | $52K | $140K | 10x | as long as short |