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−$65
spread now−0.016%7d average+0.023%fees + slippage, in and out−$62spread needed0.615%
Long on BybitShort on BingX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit PENDLEUSDT2.55100.0100pay 0.0100% / 8h4h 59m$15.9M$11.9M50x
ShortBingX PENDLE-USDT2.55060.0100get 0.0100% / 8h4h 59m—$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
−$1.57
Funding while held
$0
Slippage, 4 orders
−$40.52
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee BingX: 5 bp × 2 orders
−$10
Net
−$63.09
Spread needed to break even
0.615%
Slippage from Bybit: live order book, 1 min ago; BingX: live order book, 16 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 Bybit live order book, 1 min ago1.96 bp18.3 bp −$1881.4 bp −$814doesn't fitdoesn't fit
Sell BingX live order book, 16 min ago3.14 bp13.1 bp −$1323.3 bp −$23390.5 bp −$9,045386.0 bp −$193.0K

PENDLE price on every exchange

against the cheapest. Click to use as the short leg.
Variational Omni2.5496cheapestedgeX2.5496+0.000%Gate2.5500+0.017%
BingX2.5506+0.041%
ApeX Omni2.5509+0.052%
Bybit2.5510+0.056%
Extended2.5510+0.057%Aster2.5512+0.063%Binance2.5512+0.066%Paradex2.5513+0.067%Aevo2.5514+0.072%Bitget2.5515+0.076%dYdX2.5517+0.085%Reya2.5520+0.097%Orderly2.5521+0.099%MEXC2.5522+0.103%KuCoin2.5525+0.115%BloFin2.5525+0.115%Lighter2.5527+0.123%SunX2.5527+0.123%OKX2.5530+0.135%Kraken Futures2.5530+0.136%Deribit2.5531+0.139%GMX2.5533+0.146%Polymarket Perps2.5544+0.190%Hyperliquid2.5547+0.201%Coinbase International2.5550+0.213%Backpack2.5577+0.319%Injective2.5690+0.762%

PENDLE on 29 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Variational Omni PENDLE−0.056%−0.0065%8h$659K$2.2M—as long as short
edgeX PENDLEUSDC−0.056%+0.0100%4h$25K$417K10xas long as short
Gate PENDLE_USDT−0.039%+0.0100%8h$818K$1.0M75xas long as short
BingX PENDLE-USDTshort−0.016%+0.0100%8h—$34.3M—
ApeX Omni PENDLEUSDT−0.004%+0.0100%1h$78K$237K50xas long as short
Bybit PENDLEUSDTlong0.000%+0.0100%8h$15.9M$11.9M50x
Extended PENDLE-USD+0.001%+0.0064%1h$168K$519K10xas long as short
Aster PENDLEUSDT+0.007%−0.0008%8h$52K$141K10xas long as short
Binance PENDLEUSDT+0.010%+0.0062%8h$28.0M$36.4M75xas long as short
Paradex PENDLE-USD-PERP+0.011%+0.0100%8h$36K$28K10xas long as short
Show all 29 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Aevo PENDLE-PERP+0.016%+0.0096%1h$27K—3xas long as short
Bitget PENDLEUSDT+0.020%+0.0100%8h$3.9M$2.6M75xas long as short
dYdX PENDLE-USD+0.028%0.0000%1h$11K—5xas long as short
Reya PENDLERUSDPERP+0.041%+0.0023%1h$4K—15xas long as short
Orderly PERP_PENDLE_USDC+0.043%+0.0039%8h$20K$4K10xas long as short
MEXC PENDLE_USDT+0.047%+0.0063%8h$17.1M$2.1M125xas long as short
KuCoin PENDLEUSDTM+0.059%+0.0100%8h$936K$599K50xas long as short
BloFin PENDLE-USDT+0.059%+0.0057%8h$1.4M$822K75xas long as short
Lighter PENDLE+0.067%+0.0096%1h$558K$358K5xas long as short
SunX PENDLE-USDT+0.067%+0.0100%8h$2K$1.6M20xas long as short
OKX PENDLE-USDT-SWAP+0.078%+0.0100%4h$3.3M$5.4M50xas long as short
Kraken Futures PF_PENDLEUSD+0.079%−0.0623%1h$159K$251K20xas long as short
Deribit PENDLE_USDC-PERPETUAL+0.082%0.0000%1h$30K$11K10xas long as short
GMX PENDLE/USD [PENDLE-USDC]+0.089%L +0.0200% / S −0.0272%1h$5K—100xas long as short
Polymarket Perps PENDLE-USD+0.133%+0.0100%1h$16K$30K5xas long as short
Hyperliquid PENDLE+0.145%+0.0100%1h$12.3M$5.4M5xas long as short
Coinbase International PENDLE-PERP-INTX+0.157%+0.0576%1h$118K$440K25xas long as short
Backpack PENDLE_USDC_PERP+0.263%+0.1088%1h$376K$459K15xas long as short
Injective PENDLE/USDC PERP+0.706%−0.4300%1h$2K$7K5.5xas long as short