data as of
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Price arb /

PENDLE

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After costs, if the gap returns to its 7d average, $10k−$21
spread now+0.063%7d average−0.027%fees + slippage, in and out−$30spread needed0.304%
Long on MEXCShort on BingX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC PENDLE_USDT2.55490.0061pay 0.0061% / 8h6h 32m$16.9M$2.2M125x
ShortBingX PENDLE-USDT2.55650.0100get 0.0100% / 8h6h 32m—$34.2M—

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
$6.26
Funding while held
$1.17
Slippage, 4 orders
−$16.36
Fee MEXC: 2 bp × 2 orders
−$4
Fee BingX: 5 bp × 2 orders
−$10
Net
−$22.93
Spread needed to break even
0.304%
Slippage from MEXC: live order book, 3 min ago; BingX: live order book, 13 min ago.

Cost of waiting

funding view
Funding /8h
+0.0039%
Per $10,000 a day
+$1.17
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 MEXC live order book, 3 min ago0.98 bp5.3 bp −$528.9 bp −$28994.8 bp −$9,483doesn't fit
Sell BingX live order book, 13 min ago2.55 bp10.7 bp −$1118.6 bp −$18696.6 bp −$9,663369.9 bp −$185.0K

PENDLE price on every exchange

against the cheapest. Click to use as the short leg.
Injective2.5110cheapestVariational Omni2.5497+1.541%edgeX2.5526+1.656%Aster2.5548+1.744%Reya2.5549+1.747%
MEXC2.5549+1.748%
BloFin2.5549+1.748%Paradex2.5554+1.769%Bitget2.5555+1.772%Polymarket Perps2.5556+1.776%Extended2.5558+1.783%Binance2.5558+1.784%Bybit2.5560+1.792%OKX2.5560+1.792%Gate2.5560+1.792%Lighter2.5561+1.796%KuCoin2.5564+1.808%
BingX2.5565+1.812%
Aevo2.5568+1.823%Orderly2.5569+1.828%dYdX2.5570+1.832%Deribit2.5572+1.840%GMX2.5575+1.851%Hyperliquid2.5584+1.888%SunX2.5592+1.920%ApeX Omni2.5597+1.939%Backpack2.5617+2.019%Kraken Futures2.5628+2.065%Coinbase International2.5670+2.230%

PENDLE on 29 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective PENDLE/USDC PERP−1.718%−0.4277%1h$2K$7K5.5xas long as short
Variational Omni PENDLE−0.204%−0.0225%8h$659K$2.2M—as long as short
edgeX PENDLEUSDC−0.091%+0.0100%4h$25K$416K10xas long as short
Aster PENDLEUSDT−0.004%−0.0026%8h$51K$133K10xas long as short
Reya PENDLERUSDPERP−0.001%+0.0016%1h$4K—15xas long as short
MEXC PENDLE_USDTlong0.000%+0.0061%8h$16.9M$2.2M125x
BloFin PENDLE-USDT0.000%+0.0037%8h$1.4M$851K75xas long as short
Paradex PENDLE-USD-PERP+0.021%+0.0100%8h$36K$29K10xas long as short
Bitget PENDLEUSDT+0.023%+0.0100%8h$3.8M$2.6M75xas long as short
Polymarket Perps PENDLE-USD+0.027%+0.0100%1h$16K$30K5xas long as short
Show all 29 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Extended PENDLE-USD+0.034%+0.0064%1h$168K$518K10xas long as short
Binance PENDLEUSDT+0.035%+0.0062%8h$28.0M$35.0M75xas long as short
Bybit PENDLEUSDT+0.043%+0.0100%8h$15.9M$11.7M50xas long as short
OKX PENDLE-USDT-SWAP+0.043%+0.0100%4h$3.3M$5.2M50xas long as short
Gate PENDLE_USDT+0.043%+0.0100%8h$820K$1.1M75xas long as short
Lighter PENDLE+0.047%+0.0096%1h$559K$356K5xas long as short
KuCoin PENDLEUSDTM+0.059%+0.0100%8h$940K$562K50xas long as short
BingX PENDLE-USDTshort+0.063%+0.0100%8h—$34.2M—
Aevo PENDLE-PERP+0.073%+0.0096%1h$27K—3xas long as short
Orderly PERP_PENDLE_USDC+0.078%+0.0049%8h$20K$4K10xas long as short
dYdX PENDLE-USD+0.082%0.0000%1h$11K—5xas long as short
Deribit PENDLE_USDC-PERPETUAL+0.090%0.0000%1h$30K$11K10xas long as short
GMX PENDLE/USD [PENDLE-USDC]+0.101%L +0.0200% / S −0.0272%1h$5K—100xas long as short
Hyperliquid PENDLE+0.137%+0.0100%1h$12.3M$5.3M5xas long as short
SunX PENDLE-USDT+0.168%+0.0100%8h$2K$1.6M20xas long as short
ApeX Omni PENDLEUSDT+0.188%+0.0100%1h$78K$237K50xas long as short
Backpack PENDLE_USDC_PERP+0.266%+0.0737%1h$374K$458K15xas long as short
Kraken Futures PF_PENDLEUSD+0.311%+0.2118%1h$155K$269K20xas long as short
Coinbase International PENDLE-PERP-INTX+0.474%+0.0592%1h$116K$435K25xas long as short