data as of
Settings8H · net · $10k
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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−$80
spread now−0.024%7d average+0.069%fees + slippage, in and out−$71spread needed0.711%
Long on BitgetShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget PENDLEUSDT2.55080.0100pay 0.0100% / 8h5h 14m$3.8M$2.6M75x
ShortLighter PENDLE2.55020.0096get 0.0012% / 1h14m 31s$558K$359K5x

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
−$2.35
Funding while held
−$0.12
Slippage, 4 orders
−$59.1
Fee Bitget: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
−$73.57
Spread needed to break even
0.711%
Slippage from Bitget: live order book, 5 min ago; Lighter: live order book, 17 min ago.

Cost of waiting

funding view
Funding /8h
−0.0004%
Per $10,000 a day
−$0.12
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 Bitget live order book, 5 min ago1.97 bp22.9 bp −$2336.2 bp −$362doesn't fitdoesn't fit
Sell Lighter live order book, 17 min ago5.29 bp19.4 bp −$1991.8 bp −$918doesn't fitdoesn't fit

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%Variational Omni2.5471+1.559%Gate2.5490+1.635%Aster2.5499+1.671%
Lighter2.5502+1.683%
BloFin2.5503+1.687%
Bitget2.5508+1.707%
Aevo2.5508+1.707%Extended2.5510+1.715%Paradex2.5514+1.730%Bybit2.5514+1.730%dYdX2.5516+1.736%Kraken Futures2.5516+1.738%KuCoin2.5516+1.738%BingX2.5516+1.738%Orderly2.5516+1.738%Binance2.5518+1.746%OKX2.5520+1.754%MEXC2.5520+1.754%SunX2.5526+1.778%Deribit2.5527+1.782%Reya2.5527+1.783%GMX2.5551+1.878%Polymarket Perps2.5553+1.886%Coinbase International2.5560+1.914%Hyperliquid2.5568+1.945%Backpack2.5569+1.950%

PENDLE on 29 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective PENDLE/USDC PERP−1.678%−0.4421%1h$2K$7K5.5xas long as short
edgeX PENDLEUSDC−0.243%+0.0100%4h$25K$417K10xas long as short
ApeX Omni PENDLEUSDT−0.231%+0.0100%1h$78K$238K50xas long as short
Variational Omni PENDLE−0.145%−0.0097%8h$656K$2.2M—as long as short
Gate PENDLE_USDT−0.071%+0.0100%8h$817K$1.1M75xas long as short
Aster PENDLEUSDT−0.035%−0.0020%8h$52K$140K10xas long as short
Lighter PENDLEshort−0.024%+0.0096%1h$558K$359K5x
BloFin PENDLE-USDT−0.020%+0.0047%8h$1.4M$819K75xas long as short
Bitget PENDLEUSDTlong0.000%+0.0100%8h$3.8M$2.6M75x
Aevo PENDLE-PERP0.000%+0.0096%1h$27K—3xas long as short
Show all 29 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Extended PENDLE-USD+0.008%+0.0048%1h$167K$519K10xas long as short
Paradex PENDLE-USD-PERP+0.023%+0.0100%8h$36K$28K10xas long as short
Bybit PENDLEUSDT+0.024%+0.0100%8h$15.9M$11.9M50xas long as short
dYdX PENDLE-USD+0.029%0.0000%1h$11K—5xas long as short
Kraken Futures PF_PENDLEUSD+0.031%+0.1431%1h$159K$251K20xas long as short
KuCoin PENDLEUSDTM+0.031%+0.0100%8h$935K$600K50xas long as short
BingX PENDLE-USDT+0.031%+0.0100%8h—$34.3M—as long as short
Orderly PERP_PENDLE_USDC+0.031%+0.0040%8h$20K$4K10xas long as short
Binance PENDLEUSDT+0.039%+0.0052%8h$28.0M$36.4M75xas long as short
OKX PENDLE-USDT-SWAP+0.047%+0.0100%4h$3.3M$5.4M50xas long as short
MEXC PENDLE_USDT+0.047%+0.0051%8h$17.0M$2.2M125xas long as short
SunX PENDLE-USDT+0.071%+0.0100%8h$2K$1.6M20xas long as short
Deribit PENDLE_USDC-PERPETUAL+0.074%+0.0024%1h$30K$11K10xas long as short
Reya PENDLERUSDPERP+0.075%+0.0022%1h$4K—15xas long as short
GMX PENDLE/USD [PENDLE-USDC]+0.169%L +0.0200% / S −0.0272%1h$5K—100xas long as short
Polymarket Perps PENDLE-USD+0.176%+0.0100%1h$16K$30K5xas long as short
Coinbase International PENDLE-PERP-INTX+0.204%+0.0624%1h$116K$438K25xas long as short
Hyperliquid PENDLE+0.235%+0.0100%1h$12.3M$5.3M5xas long as short
Backpack PENDLE_USDC_PERP+0.239%+0.0636%1h$376K$460K15xas long as short