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Actually SJS Also lists the M770 as compatible, with cosmetic differences:
But for a few extra ££ I could find a whole new set of M540s.
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I did see that page before posting last night, but I'm not entirely convinced their answer is definitive. The part numbers are very close to those from M8100 and M770's.
I also found these Rock Bros axles that advertise as compatible with both the m540 and m770:
https://www.justdial.com/ROCKBROS-Titanium-Ti-Pedal-Spindle-Axle-for-Shimano-XT-PD-M770-Shimamo-PD-M540-MTB-Road-Bike-Pedals-Bearing-Bicycle-Parts/pid-146804895And this Ebay listing for M770 Axles, advertising them as also being compatible with M970, M959 and M540's:
https://www.ebay.com/itm/Shimano-XT-PD-M770-Pedal-AXLE-ASSEMBLY-LEFT-XTR-Deore-PD-M970-M-959-M540-Usable/322332487531?hash=item4b0c836f6b:g:FukAAOSwwE5WWsRAHowever, for those prices I'm not sure I want to be the guinea pig.
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I’ve had my 540s for years and there’s a little play in the axles. Since we’re locked down I’ll have a go at servicing them.
Anybody know if the axles are interchangeable with the ones from shimano XT/XTR (8100/9100) pedals? Those seem to be easier to find, and I’d rather go with silver axles than black if I have the choice.
CheersEdit: Also interested in other compatible axle suggestions.
My pedals are probably a decade old. Suspect it’s just the bearings that are fried...
However since a pair of axles is £42 and a compete pair of pedals is £50, they’re basically consumable as @Howard mentioned. And wow I’m glad mine haven’t collapsed as above!