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−$83
spread now−0.117%7d average−0.100%fees + slippage, in and out−$81spread needed0.810%
Long on Coinbase InternationalShort on Bybit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International PENDLE-PERP-INTX2.55600.0624pay 0.0078% / 1h13m 48s$116K$438K25x
ShortBybit PENDLEUSDT2.55300.0100get 0.0100% / 8h5h 13m$15.9M$12.0M50x

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
−$11.74
Funding while held
−$15.72
Slippage, 4 orders
−$59.99
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$108.45
Spread needed to break even
0.810%
Slippage from Coinbase International: live order book, 21 min ago; Bybit: live order book, 1 min ago.

Cost of waiting

funding view
Funding /8h
−0.0524%
Per $10,000 a day
−$15.72
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 Coinbase International live order book, 21 min ago9.78 bp18.6 bp −$19doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 1 min ago1.96 bp18.1 bp −$1871.6 bp −$7161010.9 bp −$101.1Kdoesn'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%BloFin2.5503+1.687%SunX2.5514+1.730%Gate2.5520+1.754%Aster2.5525+1.773%Kraken Futures2.5526+1.777%BingX2.5527+1.782%Reya2.5527+1.783%
Bybit2.5530+1.794%
Binance2.5533+1.806%Paradex2.5534+1.809%Bitget2.5534+1.810%Extended2.5536+1.819%Aevo2.5536+1.819%MEXC2.5537+1.822%dYdX2.5537+1.823%Lighter2.5538+1.826%Deribit2.5541+1.838%KuCoin2.5542+1.842%Orderly2.5543+1.846%OKX2.5550+1.874%GMX2.5551+1.878%Polymarket Perps2.5553+1.886%
Coinbase International2.5560+1.914%
Hyperliquid2.5583+2.006%Backpack2.5589+2.030%

PENDLE on 29 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective PENDLE/USDC PERP−1.878%−0.4421%1h$2K$7K5.5xas long as short
edgeX PENDLEUSDC−0.446%+0.0100%4h$25K$417K10xas long as short
ApeX Omni PENDLEUSDT−0.434%+0.0100%1h$78K$238K50xas long as short
Variational Omni PENDLE−0.349%−0.0097%8h$656K$2.2M—as long as short
BloFin PENDLE-USDT−0.223%+0.0047%8h$1.4M$819K75xas long as short
SunX PENDLE-USDT−0.180%+0.0100%8h$2K$1.6M20xas long as short
Gate PENDLE_USDT−0.156%+0.0100%8h$818K$1.1M75xas long as short
Aster PENDLEUSDT−0.139%−0.0020%8h$52K$140K10xas long as short
Kraken Futures PF_PENDLEUSD−0.134%+0.1430%1h$159K$251K20xas long as short
BingX PENDLE-USDT−0.129%+0.0100%8h—$34.2M—as long as short
Show all 29 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Reya PENDLERUSDPERP−0.128%+0.0022%1h$4K—15xas long as short
Bybit PENDLEUSDTshort−0.117%+0.0100%8h$15.9M$12.0M50x
Binance PENDLEUSDT−0.106%+0.0054%8h$28.0M$36.4M75xas long as short
Paradex PENDLE-USD-PERP−0.103%+0.0100%8h$36K$28K10xas long as short
Bitget PENDLEUSDT−0.102%+0.0100%8h$3.9M$2.6M75xas long as short
Extended PENDLE-USD−0.093%+0.0048%1h$168K$519K10xas long as short
Aevo PENDLE-PERP−0.093%+0.0096%1h$27K—3xas long as short
MEXC PENDLE_USDT−0.090%+0.0051%8h$17.0M$2.2M125xas long as short
dYdX PENDLE-USD−0.089%0.0000%1h$11K—5xas long as short
Lighter PENDLE−0.086%+0.0096%1h$558K$359K5xas long as short
Deribit PENDLE_USDC-PERPETUAL−0.074%0.0000%1h$30K$11K10xas long as short
KuCoin PENDLEUSDTM−0.070%+0.0100%8h$936K$600K50xas long as short
Orderly PERP_PENDLE_USDC−0.067%+0.0040%8h$20K$4K10xas long as short
OKX PENDLE-USDT-SWAP−0.039%+0.0100%4h$3.3M$5.4M50xas long as short
GMX PENDLE/USD [PENDLE-USDC]−0.035%L +0.0200% / S −0.0272%1h$5K—100xas long as short
Polymarket Perps PENDLE-USD−0.027%+0.0100%1h$16K$30K5xas long as short
Coinbase International PENDLE-PERP-INTXlong0.000%+0.0624%1h$116K$438K25x
Hyperliquid PENDLE+0.090%+0.0100%1h$12.3M$5.3M5xas long as short
Backpack PENDLE_USDC_PERP+0.113%+0.0640%1h$376K$460K15xas long as short