After costs, if the gap returns to its 7d average, $10k−$87
spread now+0.035%7d average−0.058%fees + slippage, in and out−$96spread needed0.964%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni PONSUSDT | 0.6244 | 0.0100 | pay 0.0013% / 1h | 56m 38s | $39K | $313K | 5x |
| Short | Lighter PONS | 0.6247 | 0.1992 | get 0.0249% / 1h | 56m 38s | $1.8M | $763K | 3x |
ApeX Omni PONSUSDT
Lighter PONSPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $3.52
- Funding while held
- $56.76
- Slippage, 4 orders
- −$86.43
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$36.15
- Spread needed to break even
- 0.964%
Slippage from ApeX Omni: live order book, 52 min ago; Lighter: live order book, 1 min ago.
Cost of waiting
funding view- Funding /8h
- +0.1892%
- Per $10,000 a day
- +$56.76
- Average in range /8h
- —
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy ApeX Omni live order book, 52 min ago | 10.53 bp | 18.2 bp −$18 | 113.4 bp −$1,134 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 1 min ago | 4.00 bp | 5.1 bp −$5 | 11.2 bp −$112 | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapest
Variational Omni0.6226+8.497%gTrade (Gains Network)0.6226+8.501%BingX0.6226+8.505%SoDEX0.6227+8.526%BloFin0.6228+8.540%Polymarket Perps0.6229+8.557%Phemex0.6229+8.557%Nado0.6230+8.574%Popdex0.6230+8.574%edgeX0.6230+8.576%Aevo0.6231+8.592%SunX0.6231+8.594%Bybit0.6233+8.627%OKX0.6234+8.644%Aster0.6235+8.668%Gate0.6236+8.679%Phoenix0.6237+8.688%Extended0.6237+8.694%Orderly0.6237+8.700%Pacifica0.6239+8.733%Bitget0.6240+8.740%Binance0.6240+8.743%Lighter RH0.6241+8.770%KuCoin0.6241+8.773%MEXC0.6242+8.784%Hyperliquid0.6243+8.803%
Injective
Variational Omni
gTrade (Gains Network)
BingX
SoDEX
BloFin
Polymarket Perps
Phemex
Nado
Popdex
Aevo
SunX
Bybit
OKX
Aster
Gate
Phoenix
Extended
Orderly
Pacifica
Bitget
Binance
Lighter RH
KuCoin
MEXC
HyperliquidApeX Omni0.6244+8.824%
HTX0.6246+8.850%
HTXLighter0.6247+8.862%
PONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −8.108% | +0.0033% | 1h | $590 | $11K | 5.5x | as long as short |
| Variational Omni PONS | −0.301% | +0.0511% | 4h | $1.7M | $3.4M | — | as long as short |
| gTrade (Gains Network) PONS/USD | −0.296% | L +0.0032% / S −0.0031% | 1h | $224K | — | 150x | as long as short |
| BingX PONS-USDT | −0.293% | +0.0510% | 4h | — | $3.0M | — | as long as short |
| SoDEX PONS-USD | −0.274% | +0.0100% | 1h | $28K | $463K | 3x | as long as short |
| BloFin PONS-USDT | −0.261% | +0.0765% | 4h | $1.8M | $922K | 20x | as long as short |
| Polymarket Perps PONS-USD | −0.245% | +0.0610% | 1h | $63K | $1.8M | 3x | as long as short |
| Phemex PONSUSDT | −0.245% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
| Nado PONS-PERP | −0.229% | +0.0350% | 1h | $113K | $68K | 5x | as long as short |
| Popdex PONSUSDT | −0.229% | +0.0096% | 1h | $19K | $453K | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| edgeX PONSUSDC | −0.227% | +0.0546% | 4h | $21K | $292K | 10x | as long as short |
| Aevo PONS-PERP | −0.213% | +0.0216% | 1h | $388 | — | 3x | as long as short |
| SunX PONS-USDT | −0.211% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| Bybit PONSUSDT | −0.181% | +0.0214% | 4h | $20.0M | $27.1M | 20x | as long as short |
| OKX PONS-USDT-SWAP | −0.165% | +0.0138% | 4h | $14.5M | $54.7M | 20x | as long as short |
| Aster PONSUSDT | −0.143% | +0.0190% | 4h | $1.1M | $2.1M | 20x | as long as short |
| Gate PONS_USDT | −0.133% | −0.1334% | 4h | $5.6M | $7.2M | 20x | as long as short |
| Phoenix PONS | −0.125% | +0.1528% | 1h | $25K | $51K | 3x | as long as short |
| Extended PONS-USD | −0.119% | +0.0528% | 1h | $93K | $533K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | −0.114% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| Pacifica PONS | −0.083% | +0.0616% | 1h | $50K | $126K | 3x | as long as short |
| Bitget PONSUSDT | −0.077% | +0.0334% | 4h | $4.8M | $10.7M | 20x | as long as short |
| Binance PONSUSDT | −0.074% | +0.0527% | 4h | $41.5M | $92.7M | 20x | as long as short |
| Lighter RH PONS | −0.050% | +0.0680% | 1h | $433K | $2.2M | 3x | as long as short |
| KuCoin PONSUSDTM | −0.046% | +0.0284% | 4h | $1.8M | $3.2M | 20x | as long as short |
| MEXC PONS_USDT | −0.037% | +0.0524% | 4h | $7.8M | $5.0M | 20x | as long as short |
| Hyperliquid PONS | −0.019% | +0.0767% | 1h | $63.4M | $26.7M | 3x | as long as short |
| ApeX Omni PONSUSDTlong | 0.000% | +0.0100% | 1h | $39K | $313K | 5x | |
| HTX PONS-USDT | +0.024% | +0.0100% | 4h | $67K | $490K | 20x | as long as short |
| Lighter PONSshort | +0.035% | +0.1992% | 1h | $1.8M | $763K | 3x |