# PENDLE Arbitrage: Live Price Spreads Across Exchanges

As of 2026-10-03 11:36 UTC, ArbTide tracks PENDLE spot and perpetual prices across exchanges. On spot markets, you can buy PENDLE on BingX at 2.374 and sell on OKX at 2.382, a 0.09% net spread after 0.25% in taker fees. On perpetual markets, the best route has a 0.19% gross spread, which fees turn into a -0.13% net loss.

## Spot prices by exchange

| Exchange | Market | Bid | Ask | Book spread | 24h volume | Taker fee |
| --- | --- | --- | --- | --- | --- | --- |
| BingX | [PENDLE/USDT](https://bingx.com/en/spot/PENDLEUSDT) | 2.373 | 2.374 | 0.042% | $146K | 0.100% |
| Kraken | [PENDLE/USD](https://pro.kraken.com/app/trade/pendle-usd) | 2.379 | 2.38 | 0.042% | $356.2K | 0.260% |
| BTSE | [PENDLE/USD](https://www.btse.com/en/trading/PENDLE-USD) | 2.37958 | 2.38059 | 0.042% | $32.2K | 0.020% |
| KuCoin | [PENDLE/USDT](https://www.kucoin.com/trade/PENDLE-USDT) | 2.3787 | 2.3809 | 0.092% | $162.3K | 0.100% |
| Gate | [PENDLE/USDT](https://www.gate.com/trade/PENDLE_USDT) | 2.38 | 2.381 | 0.042% | $107.7K | 0.200% |
| Crypto.com | [PENDLE/USD](https://crypto.com/exchange/trade/PENDLE_USD) | 2.3796 | 2.3811 | 0.063% | $12.2K | 0.500% |
| DigiFinex | [PENDLE/USDT](https://www.digifinex.com/en-ww/trade/USDT/PENDLE) | 2.37976 | 2.38124 | 0.062% | $29.5K | 0.200% |
| Binance | [PENDLE/USDT](https://www.binance.com/en/trade/PENDLE_USDT?type=spot) | 2.38 | 2.382 | 0.084% | $3.6M | 0.100% |
| Bybit | [PENDLE/USDT](https://www.bybit.com/en/trade/spot/PENDLE/USDT) | 2.381 | 2.382 | 0.042% | $493.6K | 0.100% |
| MEXC | [PENDLE/USDT](https://www.mexc.com/exchange/PENDLE_USDT) | 2.381 | 2.382 | 0.042% | $664.2K | 0.080% |
| XT.COM | [PENDLE/USDT](https://www.xt.com/en/trade/pendle_usdt) | 2.38 | 2.382 | 0.084% | $183.2K | 0.200% |
| WEEX | [PENDLE/USDT](https://www.weex.com/spot/PENDLE-USDT) | 2.38 | 2.382 | 0.084% | $467.3K | 0.100% |
| Toobit | [PENDLE/USDT](https://www.toobit.com/en-US/spot/PENDLE_USDT) | 2.379 | 2.382 | 0.126% | $1.2M | 0.100% |
| CEX.IO | [PENDLE/USD](https://trade.cex.io/spot/PENDLE-USD) | 2.3779 | 2.3827 | 0.201% | $30.9 | 0.100% |
| Bitget | [PENDLE/USDT](https://www.bitget.com/spot/PENDLEUSDT) | 2.381 | 2.383 | 0.084% | $61.1K | 0.100% |
| WhiteBIT | PENDLE/USDT | 2.3793 | 2.3839 | 0.193% | $1.3M | 0.100% |
| OKX | [PENDLE/USDT](https://www.okx.com/trade-spot/pendle-usdt) | 2.382 | 2.385 | 0.126% | $464.5K | 0.150% |
| Deepcoin | [PENDLE/USDT](https://www.deepcoin.com/en/spot/PENDLE-USDT) | 2.381 | 2.385 | 0.168% | $161.5K | 0.150% |
| HitBTC | PENDLE/USDT | 2.3772 | 2.386 | 0.369% | — | 0.250% |
| HTX | [PENDLE/USDT](https://www.htx.com/trade/pendle_usdt) | 2.3606 | 2.389 | 1.189% | $695.3K | 0.200% |

### Spot net spread for every exchange pair

Rows are where you buy at the ask, columns are where you sell at the bid; figures are after taker fees on every fill.

| Buy on ↓, sell on → | OKX | Bybit | MEXC | Bitget | Deepcoin | Gate | Binance | XT.COM | WEEX | DigiFinex | Crypto.com | BTSE | WhiteBIT | Kraken | Toobit | KuCoin | CEX.IO | HitBTC | BingX | HTX |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| BingX | +0.09% | +0.09% | +0.11% | +0.09% | +0.04% | -0.05% | +0.05% | -0.05% | +0.05% | -0.06% | -0.36% | +0.12% | +0.02% | -0.15% | +0.01% | 0.00% | -0.04% | -0.22% | — | -0.86% |
| Kraken | -0.33% | -0.32% | -0.30% | -0.32% | -0.37% | -0.46% | -0.36% | -0.46% | -0.36% | -0.47% | -0.78% | -0.30% | -0.39% | — | -0.40% | -0.41% | -0.45% | -0.63% | -0.65% | -1.28% |
| BTSE | -0.11% | -0.10% | -0.08% | -0.10% | -0.15% | -0.24% | -0.14% | -0.24% | -0.14% | -0.25% | -0.56% | — | -0.17% | -0.35% | -0.19% | -0.20% | -0.23% | -0.41% | -0.44% | -1.06% |
| KuCoin | -0.20% | -0.20% | -0.18% | -0.20% | -0.25% | -0.34% | -0.24% | -0.34% | -0.24% | -0.35% | -0.65% | -0.18% | -0.27% | -0.44% | -0.28% | — | -0.33% | -0.51% | -0.53% | -1.15% |
| Gate | -0.31% | -0.30% | -0.28% | -0.30% | -0.35% | — | -0.34% | -0.44% | -0.34% | -0.45% | -0.76% | -0.28% | -0.37% | -0.54% | -0.38% | -0.40% | -0.43% | -0.61% | -0.64% | -1.26% |
| Crypto.com | -0.61% | -0.60% | -0.58% | -0.60% | -0.65% | -0.75% | -0.65% | -0.75% | -0.65% | -0.76% | — | -0.58% | -0.68% | -0.85% | -0.69% | -0.70% | -0.73% | -0.91% | -0.94% | -1.56% |
| DigiFinex | -0.32% | -0.31% | -0.29% | -0.31% | -0.36% | -0.45% | -0.35% | -0.45% | -0.35% | — | -0.77% | -0.29% | -0.38% | -0.55% | -0.39% | -0.41% | -0.44% | -0.62% | -0.65% | -1.27% |
| Binance | -0.25% | -0.24% | -0.22% | -0.24% | -0.29% | -0.38% | — | -0.38% | -0.28% | -0.39% | -0.70% | -0.22% | -0.31% | -0.49% | -0.33% | -0.34% | -0.37% | -0.55% | -0.58% | -1.20% |
| Bybit | -0.25% | — | -0.22% | -0.24% | -0.29% | -0.38% | -0.28% | -0.38% | -0.28% | -0.39% | -0.70% | -0.22% | -0.31% | -0.49% | -0.33% | -0.34% | -0.37% | -0.55% | -0.58% | -1.20% |
| MEXC | -0.23% | -0.22% | — | -0.22% | -0.27% | -0.36% | -0.26% | -0.36% | -0.26% | -0.37% | -0.68% | -0.20% | -0.29% | -0.47% | -0.31% | -0.32% | -0.35% | -0.53% | -0.56% | -1.18% |
| XT.COM | -0.35% | -0.34% | -0.32% | -0.34% | -0.39% | -0.48% | -0.38% | — | -0.38% | -0.49% | -0.80% | -0.32% | -0.41% | -0.59% | -0.43% | -0.44% | -0.47% | -0.65% | -0.68% | -1.30% |
| WEEX | -0.25% | -0.24% | -0.22% | -0.24% | -0.29% | -0.38% | -0.28% | -0.38% | — | -0.39% | -0.70% | -0.22% | -0.31% | -0.49% | -0.33% | -0.34% | -0.37% | -0.55% | -0.58% | -1.20% |
| Toobit | -0.25% | -0.24% | -0.22% | -0.24% | -0.29% | -0.38% | -0.28% | -0.38% | -0.28% | -0.39% | -0.70% | -0.22% | -0.31% | -0.49% | — | -0.34% | -0.37% | -0.55% | -0.58% | -1.20% |
| CEX.IO | -0.28% | -0.27% | -0.25% | -0.27% | -0.32% | -0.41% | -0.31% | -0.41% | -0.31% | -0.42% | -0.73% | -0.25% | -0.34% | -0.52% | -0.36% | -0.37% | — | -0.58% | -0.61% | -1.23% |
| Bitget | -0.29% | -0.28% | -0.26% | — | -0.33% | -0.43% | -0.33% | -0.43% | -0.33% | -0.44% | -0.74% | -0.26% | -0.36% | -0.53% | -0.37% | -0.38% | -0.41% | -0.59% | -0.62% | -1.24% |
| WhiteBIT | -0.33% | -0.32% | -0.30% | -0.32% | -0.37% | -0.46% | -0.36% | -0.46% | -0.36% | -0.47% | -0.78% | -0.30% | — | -0.57% | -0.41% | -0.42% | -0.45% | -0.63% | -0.66% | -1.28% |
| OKX | — | -0.42% | -0.40% | -0.42% | -0.47% | -0.56% | -0.46% | -0.56% | -0.46% | -0.57% | -0.88% | -0.40% | -0.49% | -0.66% | -0.50% | -0.51% | -0.55% | -0.73% | -0.75% | -1.37% |
| Deepcoin | -0.43% | -0.42% | -0.40% | -0.42% | — | -0.56% | -0.46% | -0.56% | -0.46% | -0.57% | -0.88% | -0.40% | -0.49% | -0.66% | -0.50% | -0.51% | -0.55% | -0.73% | -0.75% | -1.37% |
| HitBTC | -0.57% | -0.56% | -0.54% | -0.56% | -0.61% | -0.70% | -0.60% | -0.70% | -0.60% | -0.71% | -1.02% | -0.54% | -0.63% | -0.80% | -0.64% | -0.66% | -0.69% | — | -0.89% | -1.51% |
| HTX | -0.64% | -0.63% | -0.61% | -0.63% | -0.68% | -0.78% | -0.68% | -0.78% | -0.68% | -0.79% | -1.09% | -0.61% | -0.71% | -0.88% | -0.72% | -0.73% | -0.76% | -0.94% | -0.97% | — |

## Perpetual prices by exchange

| Exchange | Market | Bid | Ask | Book spread | 24h volume | Taker fee |
| --- | --- | --- | --- | --- | --- | --- |
| Bybit | [PENDLE/USDT:USDT](https://www.bybit.com/trade/usdt/PENDLEUSDT) | 2.377 | 2.378 | 0.042% | $4.3M | 0.060% |
| Extended | [PENDLE/USDC:USDC](https://app.extended.exchange/perp/PENDLE-USD) | 2.378 | 2.3789 | 0.038% | $291.4K | 0.200% |
| Gate | [PENDLE/USDT:USDT](https://www.gate.com/futures/USDT/PENDLE_USDT) | 2.378 | 2.379 | 0.042% | $287.4K | 0.050% |
| BingX | [PENDLE/USDT:USDT](https://bingx.com/en/perpetual/PENDLE-USDT) | 2.3794 | 2.3795 | 0.004% | $5.2M | 0.050% |
| Bitget | [PENDLE/USDT:USDT](https://www.bitget.com/futures/usdt/PENDLEUSDT) | 2.3787 | 2.3799 | 0.050% | $1.3M | 0.060% |
| MEXC | [PENDLE/USDT:USDT](https://www.mexc.com/futures/PENDLE_USDT) | 2.3799 | 2.38 | 0.004% | $1.1M | 0.020% |
| WEEX | [PENDLE/USDT:USDT](https://www.weex.com/futures/PENDLE-USDT) | 2.3794 | 2.38 | 0.025% | $2.5M | 0.080% |
| Deepcoin | [PENDLE/USDT:USDT](https://www.deepcoin.com/en/swap/PENDLE-USDT) | 2.3783 | 2.3802 | 0.080% | $6.8M | 0.150% |
| Binance | [PENDLE/USDT:USDT](https://www.binance.com/en/futures/PENDLEUSDT) | 2.3802 | 2.3804 | 0.008% | $17.1M | 0.050% |
| Toobit | [PENDLE/USDT:USDT](https://www.toobit.com/en-US/futures/PENDLE-SWAP-USDT) | 2.38 | 2.3804 | 0.017% | $2M | 0.100% |
| WhiteBIT | [PENDLE/USDT:USDT](https://whitebit.com/trade/PENDLE-PERP?type=futures) | 2.3717 | 2.3805 | 0.370% | $3.7M | 0.055% |
| KuCoin | [PENDLE/USDT:USDT](https://www.kucoin.com/trade/futures/PENDLEUSDTM) | 2.3772 | 2.3806 | 0.143% | $208.9K | 0.060% |
| OKX | [PENDLE/USDT:USDT](https://www.okx.com/trade-swap/pendle-usdt-swap) | 2.38 | 2.381 | 0.042% | $3.9M | 0.050% |
| Paradex | [PENDLE/USD:USDC](https://app.paradex.trade/trade/PENDLE-USD-PERP) | 2.3786 | 2.3811 | 0.105% | $23.1 | 0.030% |
| Aster | [PENDLE/USDT:USDT](https://www.asterdex.com/en/trade/pro/futures/PENDLEUSDT) | 2.379 | 2.3814 | 0.101% | $75.4K | 0.035% |
| BTSE | [PENDLE/USDT:USDT](https://www.btse.com/en/futures/PENDLE-PERP) | 2.3785 | 2.3817 | 0.134% | $127.4K | 0.055% |
| Crypto.com | [PENDLE/USD:USD](https://crypto.com/exchange/trade/PENDLEUSD-PERP) | 2.3813 | 2.3818 | 0.021% | $28.1K | 0.500% |
| XT.COM | [PENDLE/USDT:USDT](https://www.xt.com/en/futures/trade/pendle_usdt) | 2.3801 | 2.3819 | 0.076% | $11.8M | 0.060% |
| WOOFi Pro | [PENDLE/USDC:USDC](https://pro.woofi.com/en/trade/PENDLE_PERP) | 2.379 | 2.3819 | 0.122% | $1.4K | 0.050% |
| Backpack | [PENDLE/USDC:USDC](https://backpack.exchange/trade/PENDLE_USDC_PERP) | 2.3826 | 2.3829 | 0.013% | $195.1K | 0.100% |
| Kraken | [PENDLE/USD:USD](https://pro.kraken.com/app/trade/futures-pendle-usd-perp) | 2.382 | 2.384 | 0.084% | $160.9K | 0.050% |
| Hyperliquid | [PENDLE/USDC:USDC](https://app.hyperliquid.xyz/trade/PENDLE) | 2.381251 | 2.38436 | 0.130% | $2.3M | 0.045% |

### Perpetual net spread for every exchange pair

Rows are where you buy at the ask, columns are where you sell at the bid; figures are after taker fees on every fill.

| Buy on ↓, sell on → | Backpack | Kraken | Crypto.com | Hyperliquid | Binance | XT.COM | Toobit | OKX | MEXC | BingX | WEEX | Aster | WOOFi Pro | Bitget | Paradex | BTSE | Deepcoin | Extended | Gate | KuCoin | Bybit | WhiteBIT |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Bybit | -0.13% | -0.05% | -0.98% | -0.07% | -0.13% | -0.15% | -0.24% | -0.14% | -0.08% | -0.16% | -0.22% | -0.15% | -0.18% | -0.21% | -0.15% | -0.21% | -0.41% | -0.52% | -0.22% | -0.27% | — | -0.49% |
| Extended | -0.44% | -0.37% | -1.30% | -0.39% | -0.45% | -0.47% | -0.55% | -0.45% | -0.40% | -0.48% | -0.54% | -0.47% | -0.50% | -0.53% | -0.47% | -0.53% | -0.73% | — | -0.54% | -0.59% | -0.60% | -0.81% |
| Gate | -0.15% | -0.07% | -1.00% | -0.10% | -0.15% | -0.17% | -0.26% | -0.16% | -0.10% | -0.18% | -0.24% | -0.17% | -0.20% | -0.23% | -0.18% | -0.23% | -0.43% | -0.54% | — | -0.30% | -0.30% | -0.52% |
| BingX | -0.17% | -0.09% | -1.02% | -0.12% | -0.17% | -0.19% | -0.28% | -0.18% | -0.12% | — | -0.26% | -0.19% | -0.22% | -0.25% | -0.20% | -0.25% | -0.45% | -0.56% | -0.26% | -0.32% | -0.33% | -0.54% |
| Bitget | -0.21% | -0.13% | -1.06% | -0.15% | -0.21% | -0.23% | -0.32% | -0.22% | -0.16% | -0.24% | -0.30% | -0.23% | -0.26% | — | -0.23% | -0.29% | -0.49% | -0.60% | -0.30% | -0.35% | -0.36% | -0.57% |
| MEXC | -0.13% | -0.06% | -0.99% | -0.08% | -0.13% | -0.16% | -0.24% | -0.14% | — | -0.17% | -0.23% | -0.15% | -0.18% | -0.21% | -0.16% | -0.21% | -0.41% | -0.52% | -0.22% | -0.28% | -0.29% | -0.50% |
| WEEX | -0.25% | -0.18% | -1.11% | -0.20% | -0.25% | -0.28% | -0.36% | -0.26% | -0.20% | -0.29% | — | -0.27% | -0.30% | -0.33% | -0.28% | -0.33% | -0.53% | -0.64% | -0.34% | -0.40% | -0.41% | -0.62% |
| Deepcoin | -0.40% | -0.32% | -1.25% | -0.35% | -0.40% | -0.42% | -0.51% | -0.41% | -0.35% | -0.43% | -0.49% | -0.42% | -0.45% | -0.48% | -0.43% | -0.48% | — | -0.79% | -0.49% | -0.55% | -0.55% | -0.77% |
| Binance | -0.21% | -0.13% | -1.06% | -0.15% | — | -0.23% | -0.32% | -0.22% | -0.16% | -0.24% | -0.30% | -0.23% | -0.26% | -0.29% | -0.24% | -0.29% | -0.49% | -0.60% | -0.30% | -0.35% | -0.36% | -0.58% |
| Toobit | -0.31% | -0.23% | -1.16% | -0.25% | -0.31% | -0.33% | — | -0.32% | -0.26% | -0.34% | -0.40% | -0.33% | -0.36% | -0.39% | -0.34% | -0.39% | -0.59% | -0.70% | -0.40% | -0.45% | -0.46% | -0.68% |
| WhiteBIT | -0.22% | -0.15% | -1.08% | -0.17% | -0.22% | -0.25% | -0.33% | -0.23% | -0.18% | -0.26% | -0.32% | -0.24% | -0.27% | -0.31% | -0.25% | -0.30% | -0.50% | -0.62% | -0.32% | -0.37% | -0.38% | — |
| KuCoin | -0.24% | -0.16% | -1.09% | -0.18% | -0.24% | -0.26% | -0.35% | -0.25% | -0.19% | -0.27% | -0.33% | -0.26% | -0.29% | -0.32% | -0.26% | -0.32% | -0.52% | -0.63% | -0.33% | — | -0.39% | -0.60% |
| OKX | -0.23% | -0.16% | -1.09% | -0.18% | -0.23% | -0.26% | -0.34% | — | -0.19% | -0.27% | -0.33% | -0.25% | -0.28% | -0.32% | -0.26% | -0.31% | -0.51% | -0.63% | -0.33% | -0.38% | -0.39% | -0.60% |
| Paradex | -0.20% | -0.12% | -1.05% | -0.14% | -0.20% | -0.22% | -0.31% | -0.21% | -0.15% | -0.23% | -0.29% | -0.22% | -0.25% | -0.28% | — | -0.28% | -0.48% | -0.59% | -0.29% | -0.34% | -0.35% | -0.56% |
| Aster | -0.22% | -0.14% | -1.07% | -0.17% | -0.22% | -0.24% | -0.33% | -0.23% | -0.17% | -0.25% | -0.31% | — | -0.27% | -0.30% | -0.25% | -0.30% | -0.50% | -0.61% | -0.31% | -0.37% | -0.37% | -0.59% |
| BTSE | -0.27% | -0.20% | -1.13% | -0.22% | -0.27% | -0.30% | -0.38% | -0.28% | -0.23% | -0.31% | -0.37% | -0.29% | -0.32% | -0.36% | -0.30% | — | -0.55% | -0.67% | -0.37% | -0.42% | -0.43% | -0.64% |
| Crypto.com | -1.17% | -1.09% | — | -1.11% | -1.17% | -1.19% | -1.28% | -1.18% | -1.12% | -1.20% | -1.26% | -1.19% | -1.22% | -1.25% | -1.19% | -1.25% | -1.45% | -1.56% | -1.26% | -1.31% | -1.32% | -1.53% |
| XT.COM | -0.29% | -0.22% | -1.15% | -0.24% | -0.29% | — | -0.40% | -0.30% | -0.24% | -0.32% | -0.38% | -0.31% | -0.34% | -0.37% | -0.32% | -0.37% | -0.57% | -0.68% | -0.38% | -0.44% | -0.45% | -0.66% |
| WOOFi Pro | -0.27% | -0.20% | -1.13% | -0.22% | -0.27% | -0.30% | -0.38% | -0.28% | -0.22% | -0.30% | -0.36% | -0.29% | — | -0.35% | -0.30% | -0.35% | -0.55% | -0.66% | -0.36% | -0.42% | -0.43% | -0.64% |
| Backpack | — | -0.34% | -1.27% | -0.36% | -0.41% | -0.44% | -0.52% | -0.42% | -0.37% | -0.45% | -0.51% | -0.43% | -0.46% | -0.50% | -0.44% | -0.49% | -0.69% | -0.81% | -0.51% | -0.56% | -0.57% | -0.78% |
| Kraken | -0.36% | — | -1.21% | -0.31% | -0.36% | -0.38% | -0.47% | -0.37% | -0.31% | -0.39% | -0.45% | -0.38% | -0.41% | -0.44% | -0.39% | -0.44% | -0.64% | -0.75% | -0.45% | -0.51% | -0.51% | -0.73% |
| Hyperliquid | -0.36% | -0.29% | -1.22% | — | -0.36% | -0.39% | -0.47% | -0.37% | -0.32% | -0.40% | -0.46% | -0.38% | -0.41% | -0.45% | -0.39% | -0.45% | -0.64% | -0.76% | -0.46% | -0.51% | -0.52% | -0.73% |

## Frequently asked questions

### Is there a PENDLE arbitrage opportunity right now?

Yes. On spot markets, you can buy PENDLE on BingX at 2.374 and sell on OKX at 2.382, a 0.09% net spread after 0.25% in taker fees.

### Which exchange has the cheapest PENDLE?

Lowest ask price: Spot: BingX at 2.374; Perpetual: Bybit at 2.378.

### How is the net spread calculated?

Net spread = (best bid on the sell exchange − best ask on the buy exchange) ÷ best ask − taker fees. Spot routes pay one taker fee per exchange. Perpetual routes pay two per exchange, to open and to close. Max profit is read from both order books, so it includes slippage, and spot routes also subtract the withdrawal fee.