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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.

Spread before costs (cost unknown: a leg has no order-book sample)+0.111%
7d average—if it closes, per $10,000$11funding while held, a day−$1.92
Long on ExtendedShort on dYdX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended PENDLE-USD2.55060.0064pay 0.0008% / 1h32m 29s$168K$519K10x
ShortdYdX PENDLE-USD2.55340get 0.0000% / 1h32m 29s$11K—5x

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
$11.06
Funding while held
−$1.92
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$5.86
Spread needed to break even
0.150%
Slippage unknown: Extended: live order book, 2 min ago; dYdX: no order-book sample. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0064%
Per $10,000 a day
−$1.92
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 Extended live order book, 2 min ago1.37 bp14.5 bp −$14124.5 bp −$1,245doesn't fitdoesn't fit
Sell dYdX no order-book sample—————
dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

PENDLE price on every exchange

against the cheapest. Click to use as the short leg.
Injective2.5280cheapestBybit2.5502+0.878%BloFin2.5504+0.886%
Extended2.5506+0.894%
Paradex2.5507+0.899%Binance2.5511+0.914%MEXC2.5512+0.918%SunX2.5515+0.930%Aevo2.5515+0.930%BingX2.5516+0.934%Lighter2.5520+0.949%OKX2.5520+0.949%Reya2.5520+0.950%Bitget2.5521+0.953%Orderly2.5524+0.965%Kraken Futures2.5524+0.967%Deribit2.5525+0.969%edgeX2.5525+0.971%ApeX Omni2.5529+0.985%Gate2.5530+0.989%Aster2.5530+0.989%KuCoin2.5533+1.001%
dYdX2.5534+1.006%
GMX2.5537+1.016%Variational Omni2.5546+1.052%Polymarket Perps2.5546+1.052%Hyperliquid2.5563+1.119%Backpack2.5571+1.151%Coinbase International2.5580+1.187%

PENDLE on 29 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective PENDLE/USDC PERP−0.886%−0.4421%1h$2K$7K5.5xas long as short
Bybit PENDLEUSDT−0.016%+0.0100%8h$15.9M$11.9M50xas long as short
BloFin PENDLE-USDT−0.008%+0.0082%8h$1.4M$822K75xas long as short
Extended PENDLE-USDlong0.000%+0.0064%1h$168K$519K10x
Paradex PENDLE-USD-PERP+0.005%+0.0100%8h$36K$28K10xas long as short
Binance PENDLEUSDT+0.019%+0.0061%8h$28.0M$36.0M75xas long as short
MEXC PENDLE_USDT+0.023%+0.0061%8h$17.1M$2.1M125xas long as short
SunX PENDLE-USDT+0.035%+0.0100%8h$2K$1.6M20xas long as short
Aevo PENDLE-PERP+0.036%+0.0096%1h$27K—3xas long as short
BingX PENDLE-USDT+0.039%+0.0100%8h—$34.2M—as long as short
Show all 29 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Lighter PENDLE+0.055%+0.0096%1h$557K$358K5xas long as short
OKX PENDLE-USDT-SWAP+0.055%+0.0100%4h$3.3M$5.3M50xas long as short
Reya PENDLERUSDPERP+0.055%+0.0021%1h$4K—15xas long as short
Bitget PENDLEUSDT+0.059%+0.0100%8h$3.9M$2.6M75xas long as short
Orderly PERP_PENDLE_USDC+0.070%+0.0042%8h$20K$4K10xas long as short
Kraken Futures PF_PENDLEUSD+0.072%+0.1430%1h$159K$252K20xas long as short
Deribit PENDLE_USDC-PERPETUAL+0.074%0.0000%1h$30K$11K10xas long as short
edgeX PENDLEUSDC+0.076%+0.0100%4h$25K$416K10xas long as short
ApeX Omni PENDLEUSDT+0.090%+0.0100%1h$78K$238K50xas long as short
Gate PENDLE_USDT+0.094%+0.0100%8h$820K$1.0M75xas long as short
Aster PENDLEUSDT+0.094%−0.0017%8h$52K$139K10xas long as short
KuCoin PENDLEUSDTM+0.106%+0.0100%8h$935K$603K50xas long as short
dYdX PENDLE-USDshort+0.111%0.0000%1h$11K—5x
GMX PENDLE/USD [PENDLE-USDC]+0.120%L +0.0200% / S −0.0272%1h$5K—100xas long as short
Variational Omni PENDLE+0.156%−0.0124%8h$658K$2.2M—as long as short
Polymarket Perps PENDLE-USD+0.157%+0.0100%1h$16K$30K5xas long as short
Hyperliquid PENDLE+0.223%+0.0100%1h$12.3M$5.4M5xas long as short
Backpack PENDLE_USDC_PERP+0.255%+0.0619%1h$376K$460K15xas long as short
Coinbase International PENDLE-PERP-INTX+0.290%+0.0624%1h$116K$460K25xas long as short