The exercise bike for pedaling with legs in the vertical position includes a tubular frame (1) C-shaped, with a cross flat at the ends (2) and with at the opposite side of the cross flat (2) a tubular element (3) on which is set a telescopic arm (4) vertically adjustable, made for example by a vertical element (5) sliding on the tubular element (3) and with the tubular element (5) angled shaped (8) and at the other extreme to the one in which is inserted the tubular element (3), a tubular element (10) which would constitute a second telescopic arm (13) horizontally adjustable where the length of the telescopic arm (4) can be adjusted according to the limb lenght while varying the length of the telescopic arm (13) the inclination of the legs to your chest can be adjusted to ride with legs vertically.