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−$62
spread now+0.165%7d average+0.041%fees + slippage, in and out−$74spread needed0.743%
Long on GateShort on Binance
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate PENDLE_USDT2.6730−0.0001get 0.0001% / 8h1h 59m$841K$996K75x
ShortBinance PENDLEUSDT2.67740.0100get 0.0100% / 8h1h 59m$30.2M$30.2M75x

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
$16.46
Funding while held
$3.03
Slippage, 4 orders
−$49.27
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Binance: 5 bp × 2 orders
−$10
Net
−$54.78
Spread needed to break even
0.743%
Slippage from Gate: live order book, 4 min ago; Binance: live order book, 14 min ago.

Cost of waiting

funding view
Funding /8h
+0.0101%
Per $10,000 a day
+$3.03
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 Gate live order book, 4 min ago1.86 bp28.7 bp −$29163.1 bp −$1,631doesn't fitdoesn't fit
Sell Binance live order book, 14 min ago0.93 bp11.4 bp −$1134.0 bp −$340doesn't fitdoesn't fit

PENDLE price on every exchange

against the cheapest. Click to use as the short leg.
Injective2.6320cheapestCoinbase International2.6690+1.406%Bybit2.6730+1.558%
Gate2.6730+1.558%
Paradex2.6732+1.564%dYdX2.6734+1.573%Reya2.6739+1.593%OKX2.6740+1.596%KuCoin2.6742+1.603%BingX2.6743+1.607%Polymarket Perps2.6744+1.611%MEXC2.6752+1.641%Extended2.6753+1.644%Backpack2.6755+1.653%Bitget2.6757+1.660%Aster2.6759+1.667%GMX2.6761+1.677%BloFin2.6762+1.679%SunX2.6771+1.714%
Binance2.6774+1.725%
Aevo2.6774+1.726%Orderly2.6776+1.733%Deribit2.6778+1.740%Hyperliquid2.6781+1.752%Variational Omni2.6783+1.758%Lighter2.6783+1.759%edgeX2.6806+1.846%Kraken Futures2.6838+1.970%ApeX Omni2.6873+2.101%

PENDLE on 29 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective PENDLE/USDC PERP−1.534%−0.3627%1h$4K$51K5.5xas long as short
Coinbase International PENDLE-PERP-INTX−0.150%+0.0368%1h$71K$335K25xas long as short
Bybit PENDLEUSDT0.000%−0.0160%8h$16.7M$11.0M50xas long as short
Gate PENDLE_USDTlong0.000%−0.0001%8h$841K$996K75x
Paradex PENDLE-USD-PERP+0.006%+0.0100%8h$37K$32K10xas long as short
dYdX PENDLE-USD+0.015%0.0000%1h$11K—5xas long as short
Reya PENDLERUSDPERP+0.035%−0.0001%1h$4K—15xas long as short
OKX PENDLE-USDT-SWAP+0.037%+0.0100%4h$3.3M$4.7M50xas long as short
KuCoin PENDLEUSDTM+0.045%+0.0100%8h$1.1M$455K50xas long as short
BingX PENDLE-USDT+0.049%+0.0100%8h—$34.1M—as long as short
Show all 29 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Polymarket Perps PENDLE-USD+0.052%+0.0100%1h$19K$73K5xas long as short
MEXC PENDLE_USDT+0.082%+0.0100%8h$17.5M$1.9M125xas long as short
Extended PENDLE-USD+0.084%+0.0104%1h$177K$520K10xas long as short
Backpack PENDLE_USDC_PERP+0.094%+0.0402%1h$378K$445K15xas long as short
Bitget PENDLEUSDT+0.101%+0.0100%8h$4.0M$2.5M75xas long as short
Aster PENDLEUSDT+0.108%+0.0100%8h$51K$116K10xas long as short
GMX PENDLE/USD [PENDLE-USDC]+0.118%L +0.0200% / S −0.0269%1h$6K—100xas long as short
BloFin PENDLE-USDT+0.120%+0.0097%8h$1.5M$831K75xas long as short
SunX PENDLE-USDT+0.153%+0.0100%8h$2K$1.4M20xas long as short
Binance PENDLEUSDTshort+0.165%+0.0100%8h$30.2M$30.2M75x
Aevo PENDLE-PERP+0.166%+0.0104%1h$28K—3xas long as short
Orderly PERP_PENDLE_USDC+0.172%+0.0046%8h$22K$4K10xas long as short
Deribit PENDLE_USDC-PERPETUAL+0.180%−0.0049%1h$32K$10K10xas long as short
Hyperliquid PENDLE+0.191%+0.0100%1h$12.8M$4.8M5xas long as short
Variational Omni PENDLE+0.197%−0.0182%8h$892K$2.1M—as long as short
Lighter PENDLE+0.198%+0.0096%1h$591K$325K5xas long as short
edgeX PENDLEUSDC+0.284%+0.0100%4h$27K$416K10xas long as short
Kraken Futures PF_PENDLEUSD+0.406%+0.1437%1h$162K$203K20xas long as short
ApeX Omni PENDLEUSDT+0.535%+0.0059%1h$81K$237K50xas long as short