data as of
Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Price arb /

PENDLE

all PENDLE markets
SwapFunding view
Alert
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$36
spread now+0.058%7d average−0.033%fees + slippage, in and out−$45spread needed0.449%
Long on BinanceShort on BingX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance PENDLEUSDT2.58470.0100pay 0.0100% / 8h7h 30m$28.7M$33.8M75x
ShortBingX PENDLE-USDT2.58620.0100get 0.0100% / 8h7h 30m—$34.3M—

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$5.77
Funding while held
$0
Slippage, 4 orders
−$24.86
Fee Binance: 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
−$39.08
Spread needed to break even
0.449%
Slippage from Binance: live order book, 13 min ago; BingX: live order book, 15 min ago.

Cost of waiting

funding view
Funding /8h
0.0000%
Per $10,000 a day
+$0.00
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 13 min ago0.19 bp11.1 bp −$1129.9 bp −$299doesn't fitdoesn't fit
Sell BingX live order book, 15 min ago2.70 bp11.4 bp −$1130.2 bp −$302149.4 bp −$14.9K413.6 bp −$206.8K

PENDLE price on every exchange

against the cheapest. Click to use as the short leg.
Injective2.5600cheapestVariational Omni2.5831+0.904%Bybit2.5832+0.906%Bitget2.5839+0.934%Gate2.5840+0.937%edgeX2.5841+0.941%Reya2.5846+0.961%
Binance2.5847+0.965%
OKX2.5850+0.977%Extended2.5852+0.986%ApeX Omni2.5854+0.992%MEXC2.5855+0.996%Paradex2.5856+1.002%Polymarket Perps2.5858+1.008%
BingX2.5862+1.023%
Aster2.5866+1.038%Lighter2.5869+1.051%KuCoin2.5873+1.066%dYdX2.5886+1.117%Aevo2.5887+1.121%BloFin2.5887+1.121%Hyperliquid2.5892+1.141%Orderly2.5892+1.141%SunX2.5898+1.164%GMX2.5898+1.166%Deribit2.5899+1.168%Coinbase International2.5920+1.250%Backpack2.5939+1.324%Kraken Futures2.5964+1.423%

PENDLE on 29 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective PENDLE/USDC PERP−0.956%−0.1875%1h$2K$6K5.5xas long as short
Variational Omni PENDLE−0.061%−0.0270%8h$670K$2.3M—as long as short
Bybit PENDLEUSDT−0.058%−0.0060%8h$16.1M$11.9M50xas long as short
Bitget PENDLEUSDT−0.031%+0.0100%8h$3.9M$2.6M75xas long as short
Gate PENDLE_USDT−0.027%+0.0100%8h$817K$1.1M75xas long as short
edgeX PENDLEUSDC−0.024%+0.0100%4h$26K$417K10xas long as short
Reya PENDLERUSDPERP−0.004%+0.0011%1h$4K—15xas long as short
Binance PENDLEUSDTlong0.000%+0.0100%8h$28.7M$33.8M75x
OKX PENDLE-USDT-SWAP+0.011%+0.0100%4h$3.2M$5.0M50xas long as short
Extended PENDLE-USD+0.021%+0.0104%1h$171K$520K10xas long as short
Show all 29 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
ApeX Omni PENDLEUSDT+0.027%+0.0077%1h$78K$236K50xas long as short
MEXC PENDLE_USDT+0.031%+0.0100%8h$16.9M$2.1M125xas long as short
Paradex PENDLE-USD-PERP+0.036%+0.0100%8h$36K$30K10xas long as short
Polymarket Perps PENDLE-USD+0.042%+0.0100%1h$16K$44K5xas long as short
BingX PENDLE-USDTshort+0.058%+0.0100%8h—$34.3M—
Aster PENDLEUSDT+0.072%+0.0014%8h$51K$128K10xas long as short
Lighter PENDLE+0.085%+0.0096%1h$564K$352K5xas long as short
KuCoin PENDLEUSDTM+0.100%+0.0100%8h$959K$529K50xas long as short
dYdX PENDLE-USD+0.151%0.0000%1h$11K—5xas long as short
Aevo PENDLE-PERP+0.154%+0.0104%1h$27K—3xas long as short
BloFin PENDLE-USDT+0.154%+0.0093%8h$1.4M$859K75xas long as short
Hyperliquid PENDLE+0.174%+0.0100%1h$12.2M$5.2M5xas long as short
Orderly PERP_PENDLE_USDC+0.174%+0.0054%8h$20K$4K10xas long as short
SunX PENDLE-USDT+0.197%+0.0100%8h$2K$1.5M20xas long as short
GMX PENDLE/USD [PENDLE-USDC]+0.198%L +0.0200% / S −0.0272%1h$5K—100xas long as short
Deribit PENDLE_USDC-PERPETUAL+0.201%0.0000%1h$31K$11K10xas long as short
Coinbase International PENDLE-PERP-INTX+0.282%+0.0432%1h$116K$430K25xas long as short
Backpack PENDLE_USDC_PERP+0.356%+0.0297%1h$374K$450K15xas long as short
Kraken Futures PF_PENDLEUSD+0.453%+0.1740%1h$164K$232K20xas long as short