Spread before costs (cost unknown: a leg has no order-book sample)−0.077%
7d average—if it closes, per $10,000$8funding while held, a day+$8.56
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni PENDLE | 2.5627 | −0.0272 | get 0.0272% / 8h | 7h 06m | $663K | $2.2M | — |
| Short | Reya PENDLERUSDPERP | 2.5608 | 0.0013 | get 0.0002% / 1h | 6m 12s | $4K | — | 15x |
Variational Omni PENDLE
Reya PENDLERUSDPERPPrice 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
- −$7.65
- Funding while held
- $8.56
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$5.09
- Spread needed to break even
- 0.060%
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Reya: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0285%
- Per $10,000 a day
- +$8.56
- 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, 4 min ago | 6.62 bp | doesn't fit | 68.5 bp −$685 | doesn't fit | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
Reya: 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.Injective2.5320cheapestBloFin2.5525+0.810%dYdX2.5565+0.968%Coinbase International2.5570+0.987%Aster2.5592+1.075%Bitget2.5593+1.078%Paradex2.5596+1.089%edgeX2.5598+1.098%KuCoin2.5599+1.102%MEXC2.5600+1.106%Extended2.5605+1.124%Bybit2.5607+1.133%
Injective
BloFin
dYdX
Coinbase International
Aster
Bitget
Paradex
KuCoin
MEXC
Extended
BybitReya2.5608+1.137%
Polymarket Perps2.5608+1.137%Aevo2.5611+1.150%ApeX Omni2.5613+1.157%OKX2.5620+1.185%Gate2.5620+1.185%BingX2.5620+1.185%Orderly2.5622+1.193%GMX2.5623+1.198%Binance2.5624+1.202%Lighter2.5626+1.209%
Polymarket Perps
Aevo
ApeX Omni
OKX
Gate
BingX
Orderly
GMX
Binance
LighterVariational Omni2.5627+1.214%
Deribit2.5632+1.232%SunX2.5653+1.315%Hyperliquid2.5663+1.355%Backpack2.5679+1.418%Kraken Futures2.5692+1.469%
Deribit
SunX
Hyperliquid
Backpack
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 | −1.200% | −0.1875% | 1h | $2K | $6K | 5.5x | as long as short |
| BloFin PENDLE-USDT | −0.400% | +0.0103% | 8h | $1.4M | $851K | 75x | as long as short |
| dYdX PENDLE-USD | −0.243% | 0.0000% | 1h | $11K | — | 5x | as long as short |
| Coinbase International PENDLE-PERP-INTX | −0.224% | +0.0432% | 1h | $114K | $434K | 25x | as long as short |
| Aster PENDLEUSDT | −0.138% | −0.0012% | 8h | $51K | $134K | 10x | as long as short |
| Bitget PENDLEUSDT | −0.134% | +0.0100% | 8h | $3.8M | $2.6M | 75x | as long as short |
| Paradex PENDLE-USD-PERP | −0.123% | +0.0100% | 8h | $36K | $30K | 10x | as long as short |
| edgeX PENDLEUSDC | −0.115% | +0.0100% | 4h | $25K | $416K | 10x | as long as short |
| KuCoin PENDLEUSDTM | −0.111% | +0.0100% | 8h | $931K | $560K | 50x | as long as short |
| MEXC PENDLE_USDT | −0.107% | +0.0082% | 8h | $16.8M | $2.2M | 125x | as long as short |