Why is the PENDLE spread so high on some exchanges?

1 route in profit after fees is worth a look ("take" or "risky"); the engine's commonest warnings: even when the prices meet, closing crosses each leg's bid-ask spread, and that eats the profit; best-level size unknown. We have no network status from Tokocrypto, Kraken and BingX +2, so a transfer there cannot be checked.

Where is PENDLE cheapest to buy?

Cheapest now on LBank: $2.015; dearest on Bitget: $2.0195, 0.22% apart. 21 exchanges with a liquid PENDLE market compared, at the mid between bid and ask.

Can I transfer PENDLE between LBank and Bitget?

Yes: withdrawals from LBank and deposits to Bitget are open now on ARB, a withdrawal fee of 0.498 PENDLE. The networks' status is checked every 5 minutes; every network is in the table below.

Is there an arbitrage opportunity in PENDLE right now?

Not on spot after fees: no spot route earns right now. The widest price gap is 0.22% (LBank → Bitget), and trading fees and the withdrawal eat it. In 7 days, gaps of a minute or longer opened most often between MEXC and WEEX: 65 times.

What is the PENDLE spread now?

0.22% between the cheapest (LBank) and the dearest (Bitget) exchange, before fees. No route worth taking with an open transfer right now.

PENDLE arbitrage

PENDLE on 26 exchanges spot and 26 in futures: live routes, past spreads and how long they last.

Prices at 00:13 UTC · open routes a minute older; real time in the scanners on paid plans · How we count

Price: $2.0175
24h volume: $58.2M
Exchanges: 33; 26 spot · 26 futures
Routes now: 1; 0 take · 1 risky
Gaps in 7 days: 5,061; 1,762 over a minute

PENDLE right now

PENDLE is cheapest on LBank ($2.015) and dearest on Bitget ($2.0195): 0.22% apart across 21 exchanges with a liquid spot market, before fees.

1 route in profit after fees is worth a look ("take" or "risky"); the best: MEXC → Hyperliquid, 0.01%.

Over 7 days a spread in profit opened 5,061 times, and 1,762 of them lasted a minute or longer; one usually closed within 5.9 s.

Funding per 8 hours runs from −0.0166% on Deepcoin to 0.0220% on BloFin, across 20 exchanges (outliers, markets under $50k a day and exchanges publishing no volume left out).

PENDLE arbitrage opportunities now

Spot and futures, no transfer

Long	Short	Spread	Size at best price	Verdict
MEXC perp	Hyperliquid	0.005%	—	Risky

PENDLE arbitrage strategy

No PENDLE route worth taking with an open transfer right now. Gaps of a minute or longer open several times a week, though — here is how to catch the next one:

Watch MEXC → WEEX PENDLE/USDC: the spread opened there 102 times in 7 days, 65 of them for a minute or longer; it usually lasts 1 min 42 s.
The transfer is ready: PENDLE moves from MEXC to WEEX on ETH, withdrawal fee 0.7 PENDLE. Keep USDT on MEXC and PENDLE on WEEX so you do not wait for it.
Set an alert on the route: you hear when the spread pays after fees. Then buy on MEXC and sell on WEEX.

The route and its alert →

PENDLE price on every exchange

Refreshed every 10 seconds. The best buy and sell prices are highlighted.

Spot · 26

Exchange	Bid	Ask	Book spread	24h volume
BinancePENDLE/USDT	2.0170	2.0180	0.05%	$3.1M
TokocryptoPENDLE/USDT	2.0170	2.0180	0.05%	$3.1M
HTXPENDLE/USDT	2.0114	2.0256	0.70%	$2.2M
ToobitPENDLE/USDT	2.0170	2.0180	0.05%	$1M
LBankPENDLE/USDT	2.0130	2.0170	0.20%	$735.9K
PhemexPENDLE/USDT	2.0130	2.0230	0.50%	$717.1K
WhiteBITPENDLE/USDT	2.0156	2.0197	0.20%	$688.1K
OKXPENDLE/USDT	2.0170	2.0190	0.10%	$646.9K
MEXCPENDLE/USDT	2.0170	2.0180	0.05%	$581.5K
BitruePENDLE/USDT	2.0143	2.0207	0.32%	$555.2K
KrakenPENDLE/USD	2.0150	2.0160	0.05%	$458.8K
Coinbase ExchangePENDLE/USD	2.0138	2.0160	0.11%	$450.7K

Perpetual futures · 26

Exchange	Bid	Ask	Book spread	Funding	24h volume
XTPENDLE/USDT	2.0158	2.0173	0.07%	0.0100%/8h	$8.7M
BingXPENDLE/USDT	2.0158	2.0159	0.00%	0.0100%/8h	$8.7M
WhiteBITPENDLE/USDT	2.0114	2.0246	0.65%	0.0100%/8h	$7.6M
BybitPENDLE/USDT	2.0156	2.0161	0.02%	0.0100%/8h	$2.7M
OKXPENDLE/USDT	2.0160	2.0170	0.05%	0.0050%/4h	$2.6M
WEEXPENDLE/USDT	2.0161	2.0165	0.02%	0.0100%/8h	$2.5M
ToobitPENDLE/USDT	2.0165	2.0166	0.00%	0.0100%/8h	$1.5M
HyperliquidPENDLE/USDC	2.0151	2.0155	0.02%	0.0013%/1h	$1.3M
DeepcoinPENDLE/USDT	2.0160	2.0169	0.04%	−0.0083%/4h	$1M
MEXCPENDLE/USDT	2.0168	2.0170	0.01%	0.0100%/8h	$964.9K
BitgetPENDLE/USDT	2.0156	2.0165	0.04%	0.0100%/8h	$944.1K
PhemexPENDLE/USDT	2.0161	2.0167	0.03%	0.0100%/8h	$849.3K

How often PENDLE spreads open

Exchange pairs between which the price drifted apart with a profit after fees over 7 days. “Over a minute” counts the gaps that held for a minute or longer: those can be caught. The rest are flashes of seconds that close before an order arrives.

Market	Route	Over a minute	Gaps	Median lifetime
spot → spot	MEXC spot → WEEX spot USDC	65	102	1 min 42 s
perp ↔ perp	MEXC perp → Backpack perp	65	83	9 min 03 s
spot → spot	WEEX spot USDC → MEXC spot	60	99	1 min 21 s
perp ↔ perp	Gate perp → Backpack perp	60	83	3 min 47 s
perp ↔ perp	MEXC perp → Hyperliquid perp	53	56	30 min 17 s
spot ↔ perp	BingX spot → MEXC perp	49	58	3 min 39 s
spot → spot	OKX spot → WEEX spot USDC	46	70	1 min 54 s
spot → spot	Binance spot → WEEX spot USDC	39	63	1 min 39 s
spot → spot	WEEX spot USDC → Binance spot	38	71	1 min 09 s
spot → spot	WEEX spot USDC → Bitget spot	37	66	1 min 05 s
perp ↔ perp	BingX perp → Hyperliquid perp	37	37	12 min 26 s
spot → spot	WEEX spot USDC → Binance spot USDC	36	74	57 s
perp ↔ perp	Bybit perp → Hyperliquid perp	36	38	8 min 44 s
spot → spot	Binance spot USDC → WEEX spot USDC	34	56	1 min 44 s
perp ↔ perp	Toobit perp → Hyperliquid perp	33	39	5 min 30 s
spot → spot	LBank spot → WEEX spot USDC	32	48	1 min 48 s
perp ↔ perp	Gate perp → Hyperliquid perp	31	35	21 min 33 s
spot → spot	BingX spot → WEEX spot USDC	29	38	2 min 12 s
perp ↔ perp	BloFin perp → Hyperliquid perp	27	34	4 min 32 s
perp ↔ perp	Bitget perp → Hyperliquid perp	27	31	6 min 39 s

Networks, deposits and withdrawals

Whether the coin can be moved between exchanges: withdrawals open where you buy and deposits open where you sell. Refreshed every 5 minutes.

Network	Exchange	Deposit	Withdraw	Withdrawal fee
ARB	BinanceARBITRUM	open	open	0.14 PENDLE
	BitgetArbitrumOne	open	n/a	0.075 PENDLE
	Bitstamparbitrum-one	closed	open	—
	Bitvavo	open	open	0.16 PENDLE
	BTSEARBITRUM	open	open	0.5 PENDLE
	KuCoinarbitrum	open	open	0.5 PENDLE
	LBankarbitrum one	n/a	open	0.498 PENDLE
BSC	Binance	open	open	0.011 PENDLE
ETH	Binance	open	open	0.3 PENDLE
	BitgetERC20	open	n/a	1 PENDLE
	Bitrue	open	open	0.36 PENDLE
	BTSEERC20	open	open	0.3065 PENDLE
	Bybit	open	open	1.15 PENDLE
	CEX.IOethereum	open	open	1 PENDLE
	Coinbaseethereum	n/a	n/a	—
	Coinbase Exchangeethereum	n/a	n/a	—
	Gate	open	open	—
	HitBTC	open	open	11.7 PENDLE
	HTXpendle	open	open	0.8757 PENDLE
	KuCoineth	open	open	1.5 PENDLE
	LATOKENERC20	n/a	n/a	—
	LBankerc20	n/a	open	0.498 PENDLE
	MEXC	open	open	0.7 PENDLE
	OKXPENDLE-ERC20	open	open	0.087 PENDLE
	Phemex	n/a	n/a	—
	Poloniex	open	open	0.3329 PENDLE
	Toobit	open	open	4 PENDLE
	WEEX	open	open	0.69 PENDLE
	WhiteBITERC20	open	open	0.006 PENDLE
	WOO X	open	open	1.45 PENDLE
	XTEthereum	open	open	25 PENDLE
PENDLE	DigiFinex	open	open	0.0006 PENDLE

Gaps of a minute or longer, last 7 days

When (UTC)	Market	Route	Spread	Lasted	Transfer
Oct 24, 11:35 PM	perp ↔ perp	BingX → Aster	0.278%	1 min 39 s	—
Oct 24, 11:35 PM	perp ↔ perp	BingX → MEXC	0.368%	1 min 39 s	—
Oct 24, 11:35 PM	perp ↔ perp	OKX → Toobit	0.268%	1 min 45 s	—
Oct 24, 11:35 PM	perp ↔ perp	Binance → Toobit	0.218%	1 min 45 s	—
Oct 24, 11:35 PM	perp ↔ perp	OKX → Aster	0.243%	1 min 42 s	—
Oct 24, 11:35 PM	perp ↔ perp	OKX → MEXC	0.333%	1 min 42 s	—
Oct 24, 11:35 PM	perp ↔ perp	OKX → Backpack	0.349%	2 min 03 s	—
Oct 24, 11:32 PM	perp ↔ perp	OKX → Hyperliquid	0.393%	3 min 21 s	—
Oct 24, 11:25 PM	perp ↔ perp	MEXC → Hyperliquid	0.119%	11 min 36 s	—
Oct 24, 10:33 PM	spot → spot	WEEX → BTSE	0.207%	1 min 06 s	ETH
Oct 24, 09:02 PM	spot → spot	MEXC → WEEX	0.116%	1 min 30 s	ETH
Oct 24, 09:02 PM	spot → spot	OKX → WEEX	0.116%	1 min 30 s	PENDLE-ERC20
Oct 24, 08:00 PM	perp ↔ perp	MEXC → Hyperliquid	0.105%	24 min 45 s	—
Oct 24, 08:00 PM	perp ↔ perp	Gate → Backpack	0.110%	1 min 36 s	—
Oct 24, 06:56 PM	spot → spot	BingX → Gate	0.104%	2 min 00 s	Transfer status unknown
Oct 24, 06:56 PM	spot → spot	BingX → Phemex	0.154%	2 min 06 s	Transfer status unknown
Oct 24, 06:56 PM	spot → spot	BingX → Kraken	0.120%	2 min 06 s	Transfer status unknown
Oct 24, 06:56 PM	spot → spot	BingX → Bitrue	0.151%	2 min 09 s	Transfer status unknown
Oct 24, 06:56 PM	spot ↔ perp	BingX → MEXC	0.149%	2 min 09 s	—
Oct 24, 06:56 PM	spot → spot	BingX → WhiteBIT	0.159%	2 min 12 s	Transfer status unknown
Oct 24, 06:31 PM	spot → spot	BingX → Gate	0.106%	4 min 18 s	Transfer status unknown
Oct 24, 05:09 PM	perp ↔ perp	MEXC → Hyperliquid	0.114%	2 min 36 s	—
Oct 24, 04:50 PM	perp ↔ perp	Gate → Lighter	0.208%	1 min 03 s	—
Oct 24, 04:49 PM	perp ↔ perp	MEXC → Lighter	0.165%	5 min 39 s	—
Oct 24, 04:49 PM	perp ↔ perp	Gate → Backpack	0.156%	1 min 57 s	—
Oct 24, 04:47 PM	perp ↔ perp	MEXC → Backpack	0.103%	6 min 27 s	—
Oct 24, 04:42 PM	perp ↔ perp	OKX → Lighter	0.156%	9 min 00 s	—
Oct 24, 04:34 PM	spot → spot	WEEX → Bitget	0.101%	1 min 00 s	ETH
Oct 24, 04:05 PM	spot → spot	WEEX → BTSE	0.232%	7 min 03 s	ETH
Oct 24, 04:00 PM	perp ↔ perp	MEXC → Lighter	0.130%	33 min 05 s	—
Oct 24, 03:59 PM	perp ↔ perp	Gate → Lighter	0.206%	13 min 24 s	—
Oct 24, 03:58 PM	perp ↔ perp	OKX → Lighter	0.112%	26 min 30 s	—
Oct 24, 03:55 PM	perp ↔ perp	OKX → MEXC	0.156%	1 min 15 s	—
Oct 24, 03:51 PM	perp ↔ perp	Gate → Hyperliquid	0.195%	21 min 39 s	—
Oct 24, 03:47 PM	perp ↔ perp	Binance → Hyperliquid	0.149%	9 min 33 s	—
Oct 24, 03:36 PM	perp ↔ perp	BingX → Hyperliquid	0.180%	28 min 57 s	—
Oct 24, 03:21 PM	spot → spot	WEEX → Binance	0.266%	1 min 00 s	ETH
Oct 24, 03:20 PM	spot → spot	WEEX → MEXC	0.356%	1 min 12 s	ETH
Oct 24, 03:20 PM	spot → spot	WEEX → Bitget	0.306%	1 min 33 s	ETH
Oct 24, 03:20 PM	spot → spot	WEEX → Binance	0.306%	1 min 33 s	ETH
Oct 24, 03:20 PM	spot → spot	WEEX → BingX	0.254%	1 min 45 s	Transfer status unknown
Oct 24, 03:18 PM	spot → spot	MEXC → BTSE	0.139%	4 min 27 s	ETH
Oct 24, 03:18 PM	spot → spot	LBank → WEEX	0.122%	1 min 48 s	erc20
Oct 24, 03:18 PM	spot → spot	Deepcoin → WEEX	0.176%	1 min 57 s	Transfer status unknown
Oct 24, 03:17 PM	spot → spot	MEXC → WEEX	0.120%	2 min 24 s	ETH
Oct 24, 03:17 PM	spot → spot	Binance → WEEX	0.174%	2 min 24 s	ETH
Oct 24, 03:17 PM	spot → spot	Binance → WEEX	0.162%	2 min 24 s	ETH
Oct 24, 03:17 PM	spot → spot	Bitget → WEEX	0.174%	2 min 27 s	Transfer status unknown
Oct 24, 03:17 PM	spot → spot	OKX → WEEX	0.226%	2 min 30 s	PENDLE-ERC20
Oct 24, 03:16 PM	spot → spot	LBank → BTSE	0.141%	6 min 12 s	arbitrum one

Spread at the peak after taker fees. Lifetime is measured to about 3 s.

More on PENDLE

PENDLE funding rates by exchange →

PENDLE trades on: XT, BingX, WhiteBIT, Binance, OKX, Bybit, WEEX, Toobit, HTX, MEXC, Phemex, Coinbase Exchange and 21 more

FAQ

Why is the PENDLE spread so high on some exchanges?: 1 route in profit after fees is worth a look ("take" or "risky"); the engine's commonest warnings: even when the prices meet, closing crosses each leg's bid-ask spread, and that eats the profit; best-level size unknown. We have no network status from Tokocrypto, Kraken and BingX +2, so a transfer there cannot be checked.
Where is PENDLE cheapest to buy?: Cheapest now on LBank: $2.015; dearest on Bitget: $2.0195, 0.22% apart. 21 exchanges with a liquid PENDLE market compared, at the mid between bid and ask.
Can I transfer PENDLE between LBank and Bitget?: Yes: withdrawals from LBank and deposits to Bitget are open now on ARB, a withdrawal fee of 0.498 PENDLE. The networks' status is checked every 5 minutes; every network is in the table below.
Is there an arbitrage opportunity in PENDLE right now?: Not on spot after fees: no spot route earns right now. The widest price gap is 0.22% (LBank → Bitget), and trading fees and the withdrawal eat it. In 7 days, gaps of a minute or longer opened most often between MEXC and WEEX: 65 times.
What is the PENDLE spread now?: 0.22% between the cheapest (LBank) and the dearest (Bitget) exchange, before fees. No route worth taking with an open transfer right now.