data as of
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Price arb /

PENDLE

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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−$13
spread now+0.119%7d average+0.015%fees + slippage, in and out−$23spread needed0.235%
Long on MEXCShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC PENDLE_USDT2.61330.0100pay 0.0100% / 8h4m 54s$16.9M$2.1M125x
ShortLighter PENDLE2.61640.0096get 0.0012% / 1h4m 54s$569K$359K5x

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
$11.86
Funding while held
−$0.12
Slippage, 4 orders
−$19.47
Fee MEXC: 2 bp × 2 orders
−$4
Fee Lighter: 0 bp × 2 orders
$0
Net
−$11.73
Spread needed to break even
0.235%
Slippage from MEXC: live order book, 5 min ago; Lighter: live order book, 41 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 MEXC live order book, 5 min ago1.53 bp6.2 bp −$625.7 bp −$25787.3 bp −$8,729doesn't fit
Sell Lighter live order book, 41 min ago3.58 bp6.6 bp −$768.4 bp −$684doesn't fitdoesn't fit

PENDLE price on every exchange

against the cheapest. Click to use as the short leg.
Injective2.5900cheapestBybit2.6110+0.811%Extended2.6126+0.874%Bitget2.6129+0.884%OKX2.6130+0.888%Binance2.6132+0.896%Polymarket Perps2.6132+0.896%
MEXC2.6133+0.900%
BingX2.6133+0.900%Variational Omni2.6139+0.922%Aster2.6140+0.925%Gate2.6140+0.927%BloFin2.6142+0.934%Paradex2.6149+0.962%ApeX Omni2.6153+0.977%Aevo2.6153+0.977%edgeX2.6154+0.981%Reya2.6155+0.984%GMX2.6158+0.994%Orderly2.6159+1.000%KuCoin2.6160+1.004%
Lighter2.6164+1.019%
Deribit2.6166+1.027%Coinbase International2.6170+1.042%dYdX2.6170+1.044%SunX2.6172+1.050%Hyperliquid2.6179+1.077%Backpack2.6189+1.116%Kraken Futures2.6237+1.301%

PENDLE on 29 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective PENDLE/USDC PERP−0.892%−0.1178%1h$2K$6K5.5xas long as short
Bybit PENDLEUSDT−0.088%−0.0243%8h$16.3M$11.5M50xas long as short
Extended PENDLE-USD−0.025%+0.0104%1h$172K$520K10xas long as short
Bitget PENDLEUSDT−0.015%+0.0100%8h$3.9M$2.6M75xas long as short
OKX PENDLE-USDT-SWAP−0.011%+0.0100%4h$3.2M$4.8M50xas long as short
Binance PENDLEUSDT−0.004%+0.0100%8h$29.1M$32.9M75xas long as short
Polymarket Perps PENDLE-USD−0.004%−0.0045%1h$17K$53K5xas long as short
MEXC PENDLE_USDTlong0.000%+0.0100%8h$16.9M$2.1M125x
BingX PENDLE-USDT0.000%+0.0100%8h—$34.2M—as long as short
Variational Omni PENDLE+0.022%−0.0286%8h$821K$2.2M—as long as short
Show all 29 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Aster PENDLEUSDT+0.025%+0.0027%8h$51K$125K10xas long as short
Gate PENDLE_USDT+0.027%+0.0011%8h$828K$1.1M75xas long as short
BloFin PENDLE-USDT+0.034%+0.0095%8h$1.5M$861K75xas long as short
Paradex PENDLE-USD-PERP+0.062%+0.0100%8h$37K$30K10xas long as short
ApeX Omni PENDLEUSDT+0.077%+0.0100%1h$79K$236K50xas long as short
Aevo PENDLE-PERP+0.077%+0.0104%1h$27K—3xas long as short
edgeX PENDLEUSDC+0.081%+0.0100%4h$26K$416K10xas long as short
Reya PENDLERUSDPERP+0.084%+0.0008%1h$4K—15xas long as short
GMX PENDLE/USD [PENDLE-USDC]+0.094%L +0.0200% / S −0.0272%1h$5K—100xas long as short
Orderly PERP_PENDLE_USDC+0.099%+0.0055%8h$21K$4K10xas long as short
KuCoin PENDLEUSDTM+0.103%+0.0100%8h$1.0M$489K50xas long as short
Lighter PENDLEshort+0.119%+0.0096%1h$569K$359K5x
Deribit PENDLE_USDC-PERPETUAL+0.126%0.0000%1h$31K$10K10xas long as short
Coinbase International PENDLE-PERP-INTX+0.142%+0.0496%1h$99K$397K25xas long as short
dYdX PENDLE-USD+0.143%0.0000%1h$11K—5xas long as short
SunX PENDLE-USDT+0.149%+0.0100%8h$2K$1.5M20xas long as short
Hyperliquid PENDLE+0.176%+0.0100%1h$12.4M$5.2M5xas long as short
Backpack PENDLE_USDC_PERP+0.214%+0.0516%1h$370K$447K15xas long as short
Kraken Futures PF_PENDLEUSD+0.398%+0.1868%1h$168K$222K20xas long as short