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.

Spread before costs (cost unknown: a leg has no order-book sample)+0.008%
7d average—if it closes, per $10,000$1funding while held, a day−$2.99
Long on GMXShort on Bitget
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX PENDLE/USD [PENDLE-USDC]2.6049L +0.0200% / S −0.0272%pay 0.0025% / 1h16m 35s$5K—100x
ShortBitget PENDLEUSDT2.60510.0100get 0.0100% / 8h16m 35s$3.9M$2.6M75x

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
$0.77
Funding while held
−$2.99
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$26.22
Spread needed to break even
0.240%
Slippage unknown: GMX: no order-book sample; Bitget: live order book, 3 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0100%
Per $10,000 a day
−$2.99
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 GMX no order-book sample—————
Sell Bitget live order book, 3 min ago2.88 bp14.7 bp −$1536.7 bp −$367doesn't fitdoesn't fit
GMX: 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.
Injective2.5790cheapestBloFin2.6036+0.954%Bybit2.6040+0.969%Orderly2.6044+0.985%Aevo2.6046+0.994%Deribit2.6048+1.000%
GMX2.6049+1.004%
Bitget2.6051+1.012%
OKX2.6060+1.047%BingX2.6064+1.062%Gate2.6070+1.086%Extended2.6070+1.087%Variational Omni2.6073+1.096%Polymarket Perps2.6074+1.101%SunX2.6075+1.105%dYdX2.6081+1.127%Aster2.6081+1.128%Reya2.6083+1.134%Lighter2.6084+1.140%KuCoin2.6085+1.144%Binance2.6089+1.160%Coinbase International2.6090+1.163%MEXC2.6098+1.194%Paradex2.6099+1.199%Kraken Futures2.6112+1.247%Hyperliquid2.6112+1.249%Backpack2.6116+1.264%edgeX2.6141+1.362%ApeX Omni2.6158+1.427%

PENDLE on 29 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective PENDLE/USDC PERP−0.994%−0.1178%1h$2K$6K5.5xas long as short
BloFin PENDLE-USDT−0.050%+0.0089%8h$1.5M$846K75xas long as short
Bybit PENDLEUSDT−0.035%−0.0245%8h$16.3M$11.5M50xas long as short
Orderly PERP_PENDLE_USDC−0.019%+0.0054%8h$21K$4K10xas long as short
Aevo PENDLE-PERP−0.010%+0.0104%1h$27K—3xas long as short
Deribit PENDLE_USDC-PERPETUAL−0.004%0.0000%1h$31K$10K10xas long as short
GMX PENDLE/USD [PENDLE-USDC]long0.000%L +0.0200% / S −0.0272%1h$5K—100x
Bitget PENDLEUSDTshort+0.008%+0.0100%8h$3.9M$2.6M75x
OKX PENDLE-USDT-SWAP+0.042%+0.0100%4h$3.2M$4.9M50xas long as short
BingX PENDLE-USDT+0.058%+0.0100%8h—$34.2M—as long as short
Show all 29 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Gate PENDLE_USDT+0.081%−0.0006%8h$809K$1.1M75xas long as short
Extended PENDLE-USD+0.082%+0.0104%1h$172K$520K10xas long as short
Variational Omni PENDLE+0.091%−0.0268%8h$834K$2.2M—as long as short
Polymarket Perps PENDLE-USD+0.096%−0.0032%1h$17K$54K5xas long as short
SunX PENDLE-USDT+0.100%+0.0100%8h$2K$1.5M20xas long as short
dYdX PENDLE-USD+0.122%0.0000%1h$11K—5xas long as short
Aster PENDLEUSDT+0.123%+0.0024%8h$50K$125K10xas long as short
Reya PENDLERUSDPERP+0.129%+0.0007%1h$4K—15xas long as short
Lighter PENDLE+0.134%+0.0096%1h$568K$359K5xas long as short
KuCoin PENDLEUSDTM+0.138%+0.0100%8h$1.0M$489K50xas long as short
Binance PENDLEUSDT+0.154%+0.0100%8h$29.1M$32.8M75xas long as short
Coinbase International PENDLE-PERP-INTX+0.157%+0.0496%1h$99K$395K25xas long as short
MEXC PENDLE_USDT+0.188%+0.0100%8h$16.9M$2.1M125xas long as short
Paradex PENDLE-USD-PERP+0.193%+0.0100%8h$36K$30K10xas long as short
Kraken Futures PF_PENDLEUSD+0.240%+0.1877%1h$166K$218K20xas long as short
Hyperliquid PENDLE+0.242%+0.0100%1h$12.3M$5.1M5xas long as short
Backpack PENDLE_USDC_PERP+0.257%+0.0417%1h$369K$448K15xas long as short
edgeX PENDLEUSDC+0.354%+0.0100%4h$26K$416K10xas long as short
ApeX Omni PENDLEUSDT+0.418%+0.0100%1h$79K$236K50xas long as short