Spread before costs (cost unknown: a leg has no order-book sample)−0.107%
7d average—if it closes, per $10,000$11funding while held, a day+$4.69
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni PENDLE | 2.5465 | −0.0056 | get 0.0056% / 8h | 4h 55m | $659K | $2.2M | — |
| Short | Paradex PENDLE-USD-PERP | 2.5438 | 0.0100 | get 0.0100% / 8h | 4h 55m | $36K | $26K | 10x |
Variational Omni PENDLE
Paradex PENDLE-USD-PERPPrice 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
- −$10.7
- Funding while held
- $4.69
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$10.01
- Spread needed to break even
- 0.040%
Slippage unknown: Variational Omni: RFQ quote, just now; Paradex: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0156%
- Per $10,000 a day
- +$4.69
- 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 | 6.64 bp | doesn't fit | 92.2 bp −$922 | doesn't fit | doesn't fit |
| Sell Paradex no order-book sample | — | — | — | — | — |
Paradex: 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.Injective2.5250cheapestBybit2.5434+0.729%BloFin2.5437+0.741%Extended2.5438+0.743%
Injective
Bybit
BloFin
ExtendedParadex2.5438+0.745%
Aevo2.5443+0.764%MEXC2.5443+0.764%Bitget2.5443+0.764%Reya2.5445+0.771%Binance2.5445+0.773%Kraken Futures2.5448+0.783%Lighter2.5448+0.784%KuCoin2.5449+0.788%OKX2.5450+0.792%Gate2.5450+0.792%BingX2.5452+0.800%Orderly2.5452+0.800%Deribit2.5456+0.816%GMX2.5460+0.833%SunX2.5461+0.836%Aster2.5465+0.853%
Aevo
MEXC
Bitget
Reya
Binance
Kraken Futures
Lighter
KuCoin
OKX
Gate
BingX
Orderly
Deribit
GMX
SunX
AsterVariational Omni2.5465+0.853%
dYdX2.5467+0.860%Polymarket Perps2.5471+0.875%Hyperliquid2.5479+0.905%ApeX Omni2.5502+0.998%edgeX2.5509+1.028%Backpack2.5522+1.077%Coinbase International2.5530+1.109%
dYdX
Polymarket Perps
Hyperliquid
ApeX Omni
Backpack
Coinbase InternationalPENDLE on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PENDLE/USDC PERP | −0.846% | −0.4300% | 1h | $2K | $7K | 5.5x | as long as short |
| Bybit PENDLEUSDT | −0.123% | +0.0100% | 8h | $15.8M | $11.9M | 50x | as long as short |
| BloFin PENDLE-USDT | −0.111% | +0.0087% | 8h | $1.4M | $819K | 75x | as long as short |
| Extended PENDLE-USD | −0.109% | +0.0064% | 1h | $168K | $519K | 10x | as long as short |
| Paradex PENDLE-USD-PERPshort | −0.107% | +0.0100% | 8h | $36K | $26K | 10x | |
| Aevo PENDLE-PERP | −0.088% | +0.0096% | 1h | $27K | — | 3x | as long as short |
| MEXC PENDLE_USDT | −0.088% | +0.0063% | 8h | $17.0M | $2.2M | 125x | as long as short |
| Bitget PENDLEUSDT | −0.088% | +0.0100% | 8h | $3.8M | $2.6M | 75x | as long as short |
| Reya PENDLERUSDPERP | −0.081% | +0.0024% | 1h | $4K | — | 15x | as long as short |
| Binance PENDLEUSDT | −0.080% | +0.0061% | 8h | $27.9M | $36.4M | 75x | as long as short |