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−$64
spread now−0.090%7d average−0.076%fees + slippage, in and out−$63spread needed0.631%
Long on LighterShort on OKX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter PENDLE2.56030.0096pay 0.0012% / 1h21m 02s$560K$356K5x
ShortOKX PENDLE-USDT-SWAP2.55800.0100get 0.0050% / 4h2h 21m$3.3M$5.2M50x

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
−$8.98
Funding while held
$0.12
Slippage, 4 orders
−$53.09
Fee Lighter: 0 bp × 2 orders
$0
Fee OKX: 5 bp × 2 orders
−$10
Net
−$71.95
Spread needed to break even
0.631%
Slippage from Lighter: live order book, 15 min ago; OKX: 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 Lighter live order book, 15 min ago9.77 bp13.6 bp −$1457.6 bp −$576doesn't fitdoesn't fit
Sell OKX live order book, 3 min ago1.96 bp18.8 bp −$1984.4 bp −$844doesn't fitdoesn't fit

PENDLE price on every exchange

against the cheapest. Click to use as the short leg.
Injective2.5290cheapestedgeX2.5568+1.097%ApeX Omni2.5568+1.099%Bitget2.5570+1.107%
OKX2.5580+1.147%
Bybit2.5585+1.166%BingX2.5585+1.166%Aster2.5586+1.172%Binance2.5589+1.182%Gate2.5590+1.186%MEXC2.5595+1.206%BloFin2.5597+1.214%Extended2.5597+1.214%KuCoin2.5598+1.218%Orderly2.5602+1.234%
Lighter2.5603+1.238%
Paradex2.5603+1.239%Aevo2.5605+1.246%SunX2.5605+1.246%Reya2.5607+1.255%Polymarket Perps2.5611+1.269%GMX2.5613+1.277%Hyperliquid2.5615+1.285%Deribit2.5617+1.293%Backpack2.5629+1.340%dYdX2.5636+1.368%Coinbase International2.5640+1.384%Variational Omni2.5646+1.409%Kraken Futures2.5665+1.483%

PENDLE on 29 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective PENDLE/USDC PERP−1.223%−0.4277%1h$2K$7K5.5xas long as short
edgeX PENDLEUSDC−0.138%+0.0100%4h$25K$415K10xas long as short
ApeX Omni PENDLEUSDT−0.137%+0.0100%1h$78K$237K50xas long as short
Bitget PENDLEUSDT−0.129%+0.0100%8h$3.8M$2.5M75xas long as short
OKX PENDLE-USDT-SWAPshort−0.090%+0.0100%4h$3.3M$5.2M50x
Bybit PENDLEUSDT−0.070%+0.0100%8h$16.0M$11.8M50xas long as short
BingX PENDLE-USDT−0.070%+0.0100%8h—$34.2M—as long as short
Aster PENDLEUSDT−0.065%−0.0029%8h$52K$133K10xas long as short
Binance PENDLEUSDT−0.055%+0.0056%8h$28.0M$35.2M75xas long as short
Gate PENDLE_USDT−0.051%+0.0079%8h$821K$1.1M75xas long as short
Show all 29 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
MEXC PENDLE_USDT−0.031%+0.0055%8h$17.0M$2.2M125xas long as short
BloFin PENDLE-USDT−0.023%+0.0032%8h$1.4M$815K75xas long as short
Extended PENDLE-USD−0.023%+0.0056%1h$168K$518K10xas long as short
KuCoin PENDLEUSDTM−0.020%+0.0100%8h$949K$566K50xas long as short
Orderly PERP_PENDLE_USDC−0.004%+0.0047%8h$20K$4K10xas long as short
Lighter PENDLElong0.000%+0.0096%1h$560K$356K5x
Paradex PENDLE-USD-PERP+0.002%+0.0100%8h$36K$29K10xas long as short
Aevo PENDLE-PERP+0.008%+0.0096%1h$27K—3xas long as short
SunX PENDLE-USDT+0.008%+0.0100%8h$2K$1.6M20xas long as short
Reya PENDLERUSDPERP+0.017%+0.0017%1h$4K—15xas long as short
Polymarket Perps PENDLE-USD+0.031%+0.0100%1h$16K$30K5xas long as short
GMX PENDLE/USD [PENDLE-USDC]+0.039%L +0.0200% / S −0.0272%1h$5K—100xas long as short
Hyperliquid PENDLE+0.047%+0.0100%1h$12.3M$5.3M5xas long as short
Deribit PENDLE_USDC-PERPETUAL+0.055%0.0000%1h$30K$11K10xas long as short
Backpack PENDLE_USDC_PERP+0.102%+0.0746%1h$377K$460K15xas long as short
dYdX PENDLE-USD+0.129%0.0000%1h$11K—5xas long as short
Coinbase International PENDLE-PERP-INTX+0.145%+0.0592%1h$116K$438K25xas long as short
Variational Omni PENDLE+0.170%−0.0206%8h$662K$2.2M—as long as short
Kraken Futures PF_PENDLEUSD+0.242%+0.2115%1h$156K$269K20xas long as short