data as of
Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Price arb /

PENDLE

all PENDLE markets
SwapFunding view
Alert
My alerts

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−$153
spread now+0.061%7d average+0.073%fees + slippage, in and out−$152spread needed1.517%
Long on ExtendedShort on KuCoin
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended PENDLE-USD2.58830.0104pay 0.0013% / 1h57m 56s$171K$520K10x
ShortKuCoin PENDLEUSDTM2.58990.0100get 0.0100% / 8h7h 57m$969K$519K50x

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
$6.07
Funding while held
−$0.12
Slippage, 4 orders
−$134.65
Fee Extended: 2.5 bp × 2 orders
−$5
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$145.71
Spread needed to break even
1.517%
Slippage from Extended: live order book, 51 min ago; KuCoin: live order book, 3 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 Extended live order book, 51 min ago0.75 bp13.9 bp −$1496.6 bp −$966doesn't fitdoesn't fit
Sell KuCoin live order book, 3 min ago10.42 bp68.8 bp −$69doesn't fitdoesn't fitdoesn't fit

PENDLE price on every exchange

against the cheapest. Click to use as the short leg.
Injective2.5700cheapestVariational Omni2.5865+0.643%Bybit2.5880+0.700%
Extended2.5883+0.713%
OKX2.5890+0.739%BloFin2.5895+0.759%Binance2.5896+0.763%
KuCoin2.5899+0.774%
Gate2.5900+0.778%BingX2.5901+0.782%MEXC2.5902+0.786%Paradex2.5902+0.787%Bitget2.5907+0.805%dYdX2.5910+0.817%Aster2.5912+0.824%Orderly2.5914+0.833%Aevo2.5915+0.835%Reya2.5917+0.843%ApeX Omni2.5921+0.860%edgeX2.5922+0.863%Deribit2.5924+0.872%Lighter2.5926+0.879%Polymarket Perps2.5926+0.879%GMX2.5929+0.890%SunX2.5933+0.907%Hyperliquid2.5954+0.988%Backpack2.5961+1.016%Kraken Futures2.5977+1.076%Coinbase International2.5980+1.089%

PENDLE on 29 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective PENDLE/USDC PERP−0.708%−0.1875%1h$2K$6K5.5xas long as short
Variational Omni PENDLE−0.070%−0.0282%8h$814K$2.2M—as long as short
Bybit PENDLEUSDT−0.013%+0.0100%8h$16.2M$11.6M50xas long as short
Extended PENDLE-USDlong0.000%+0.0104%1h$171K$520K10x
OKX PENDLE-USDT-SWAP+0.026%+0.0100%4h$3.2M$4.9M50xas long as short
BloFin PENDLE-USDT+0.045%+0.0077%8h$1.5M$858K75xas long as short
Binance PENDLEUSDT+0.049%+0.0100%8h$28.9M$33.3M75xas long as short
KuCoin PENDLEUSDTMshort+0.061%+0.0100%8h$969K$519K50x
Gate PENDLE_USDT+0.065%−0.0141%8h$824K$1.1M75xas long as short
BingX PENDLE-USDT+0.068%+0.0100%8h—$34.2M—as long as short
Show all 29 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
MEXC PENDLE_USDT+0.072%+0.0100%8h$16.8M$2.1M125xas long as short
Paradex PENDLE-USD-PERP+0.073%+0.0100%8h$36K$30K10xas long as short
Bitget PENDLEUSDT+0.092%+0.0100%8h$3.9M$2.7M75xas long as short
dYdX PENDLE-USD+0.103%0.0000%1h$11K—5xas long as short
Aster PENDLEUSDT+0.110%+0.0013%8h$50K$127K10xas long as short
Orderly PERP_PENDLE_USDC+0.119%+0.0055%8h$20K$5K10xas long as short
Aevo PENDLE-PERP+0.121%+0.0104%1h$27K—3xas long as short
Reya PENDLERUSDPERP+0.129%+0.0009%1h$4K—15xas long as short
ApeX Omni PENDLEUSDT+0.146%+0.0100%1h$79K$236K50xas long as short
edgeX PENDLEUSDC+0.149%+0.0100%4h$26K$418K10xas long as short
Deribit PENDLE_USDC-PERPETUAL+0.157%−0.0020%1h$31K$10K10xas long as short
Lighter PENDLE+0.165%+0.0096%1h$564K$349K5xas long as short
Polymarket Perps PENDLE-USD+0.165%−0.0055%1h$17K$52K5xas long as short
GMX PENDLE/USD [PENDLE-USDC]+0.176%L +0.0200% / S −0.0272%1h$5K—100xas long as short
SunX PENDLE-USDT+0.192%+0.0100%8h$2K$1.5M20xas long as short
Hyperliquid PENDLE+0.273%+0.0100%1h$12.3M$5.2M5xas long as short
Backpack PENDLE_USDC_PERP+0.300%+0.0273%1h$367K$450K15xas long as short
Kraken Futures PF_PENDLEUSD+0.360%+0.1740%1h$165K$229K20xas long as short
Coinbase International PENDLE-PERP-INTX+0.374%+0.0432%1h$111K$416K25xas long as short