data as of
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Price arb /

PENDLE

all PENDLE markets
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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−$111
spread now+0.049%7d average0.000%fees + slippage, in and out−$115spread needed1.155%
Long on BingXShort on KuCoin
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX PENDLE-USDT2.65370.0100pay 0.0100% / 8h47m 14s—$34.1M—
ShortKuCoin PENDLEUSDTM2.65500.0100get 0.0100% / 8h47m 14s$1.1M$467K50x

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
$4.9
Funding while held
$0
Slippage, 4 orders
−$93.47
Fee BingX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$110.57
Spread needed to break even
1.155%
Slippage from BingX: live order book, 13 min ago; KuCoin: live order book, 4 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 BingX live order book, 13 min ago0.57 bp8.5 bp −$923.1 bp −$231234.7 bp −$23.5K453.2 bp −$226.6K
Sell KuCoin live order book, 4 min ago7.88 bp49.9 bp −$50doesn't fitdoesn't fitdoesn't fit

PENDLE price on every exchange

against the cheapest. Click to use as the short leg.
Paradex2.6512cheapestGate2.6520+0.032%Variational Omni2.6527+0.057%
BingX2.6537+0.096%
Bitget2.6539+0.103%Bybit2.6545+0.126%MEXC2.6546+0.130%
KuCoin2.6550+0.145%
Polymarket Perps2.6551+0.148%Extended2.6556+0.168%OKX2.6560+0.182%Reya2.6560+0.183%Aster2.6566+0.206%Orderly2.6570+0.220%Aevo2.6570+0.222%Binance2.6573+0.230%GMX2.6573+0.230%BloFin2.6573+0.231%Lighter2.6577+0.247%Backpack2.6579+0.254%Deribit2.6582+0.265%Hyperliquid2.6583+0.268%Coinbase International2.6590+0.296%dYdX2.6596+0.319%SunX2.6606+0.356%edgeX2.6618+0.403%Injective2.6620+0.409%ApeX Omni2.6627+0.435%Kraken Futures2.6656+0.544%

PENDLE on 29 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Paradex PENDLE-USD-PERP−0.096%+0.0100%8h$37K$30K10xas long as short
Gate PENDLE_USDT−0.064%−0.0012%8h$827K$1.0M75xas long as short
Variational Omni PENDLE−0.039%−0.0222%8h$887K$2.1M—as long as short
BingX PENDLE-USDTlong0.000%+0.0100%8h—$34.1M—
Bitget PENDLEUSDT+0.008%+0.0100%8h$4.0M$2.6M75xas long as short
Bybit PENDLEUSDT+0.030%−0.0182%8h$16.5M$11.3M50xas long as short
MEXC PENDLE_USDT+0.034%+0.0100%8h$17.2M$2.1M125xas long as short
KuCoin PENDLEUSDTMshort+0.049%+0.0100%8h$1.1M$467K50x
Polymarket Perps PENDLE-USD+0.053%+0.0081%1h$18K$62K5xas long as short
Extended PENDLE-USD+0.073%+0.0104%1h$175K$520K10xas long as short
Show all 29 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
OKX PENDLE-USDT-SWAP+0.087%+0.0100%4h$3.3M$4.8M50xas long as short
Reya PENDLERUSDPERP+0.088%+0.0005%1h$4K—15xas long as short
Aster PENDLEUSDT+0.111%+0.0065%8h$51K$122K10xas long as short
Orderly PERP_PENDLE_USDC+0.124%+0.0053%8h$22K$4K10xas long as short
Aevo PENDLE-PERP+0.126%+0.0104%1h$28K—3xas long as short
Binance PENDLEUSDT+0.134%+0.0100%8h$29.6M$32.0M75xas long as short
GMX PENDLE/USD [PENDLE-USDC]+0.134%L +0.0200% / S −0.0269%1h$5K—100xas long as short
BloFin PENDLE-USDT+0.136%+0.0125%8h$1.5M$855K75xas long as short
Lighter PENDLE+0.151%+0.0096%1h$579K$356K5xas long as short
Backpack PENDLE_USDC_PERP+0.158%+0.0533%1h$377K$446K15xas long as short
Deribit PENDLE_USDC-PERPETUAL+0.170%−0.0164%1h$31K$10K10xas long as short
Hyperliquid PENDLE+0.172%+0.0100%1h$12.6M$5.1M5xas long as short
Coinbase International PENDLE-PERP-INTX+0.200%+0.0496%1h$100K$388K25xas long as short
dYdX PENDLE-USD+0.223%0.0000%1h$11K—5xas long as short
SunX PENDLE-USDT+0.260%+0.0100%8h$2K$1.5M20xas long as short
edgeX PENDLEUSDC+0.307%+0.0100%4h$26K$416K10xas long as short
Injective PENDLE/USDC PERP+0.313%−0.1178%1h$3K$6K5.5xas long as short
ApeX Omni PENDLEUSDT+0.339%+0.0100%1h$81K$235K50xas long as short
Kraken Futures PF_PENDLEUSD+0.448%+0.1838%1h$171K$215K20xas long as short