PONS

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After costs, if the gap returns to its 7d average, $10k−$80

spread now+0.153%7d average−0.084%fees + slippage, in and out−$103spread needed1.034%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni PONSUSDT	0.6360	0.0100	pay 0.0013% / 1h	51m 20s	$40K	$317K	5x
Short	Lighter RH PONS	0.6370	0.0288	get 0.0036% / 1h	51m 20s	$441K	$2.2M	3x

Price spread history

latest

Range statsloading…

share of time at each level, last 7D

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Position, each leg$Hold forhoursFee ApeX OmnibpFee Lighter RHbpOrdersClose when spread is

Slippage from ApeX Omni: live order book, 62 min ago; Lighter RH: live order book, 3 min ago.

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, 62 min ago	20.44 bp	28.0 bp −$28	109.5 bp −$1,095	doesn't fit	doesn't fit
Sell Lighter RH live order book, 3 min ago	5.27 bp	8.3 bp −$8	49.1 bp −$491	doesn't fit	doesn't fit

against the cheapest. Click to use as the short leg.

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Injective PONS/USDC PERP	−9.777%	+0.0033%	1h	$590	$15K	5.5x	as long as short
BingX PONS-USDT	−0.594%	+0.0710%	4h	—	$2.9M	—	as long as short
OKX PONS-USDT-SWAP	−0.563%	+0.0177%	4h	$15.0M	$55.8M	20x	as long as short
gTrade (Gains Network) PONS/USD	−0.549%	L +0.0032% / S −0.0031%	1h	$228K	—	150x	as long as short
Bybit PONSUSDT	−0.500%	+0.0735%	4h	$20.6M	$26.8M	20x	as long as short
KuCoin PONSUSDTM	−0.451%	+0.0538%	4h	$1.8M	$2.9M	20x	as long as short
Binance PONSUSDT	−0.429%	+0.0625%	4h	$42.4M	$93.0M	20x	as long as short
Polymarket Perps PONS-USD	−0.399%	+0.0586%	1h	$76K	$1.8M	3x	as long as short
Bitget PONSUSDT	−0.398%	+0.0568%	4h	$4.9M	$10.7M	20x	as long as short
Popdex PONSUSDT	−0.359%	+0.0096%	1h	$20K	$470K	20x	as long as short

Show all 30 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC PONS_USDT	−0.359%	+0.0624%	4h	$8.2M	$4.9M	20x	as long as short
Hyperliquid PONS	−0.325%	+0.1155%	1h	$64.6M	$26.0M	3x	as long as short
Orderly PERP_PONS_USDC_mythos	−0.303%	+0.0100%	4h	$2K	$2K	10x	as long as short
Aster PONSUSDT	−0.297%	+0.0417%	4h	$1.1M	$2.2M	20x	as long as short
Nado PONS-PERP	−0.273%	+0.0758%	1h	$116K	$71K	5x	as long as short
Extended PONS-USD	−0.231%	+0.0624%	1h	$161K	$471K	5x	as long as short
Pacifica PONS	−0.222%	+0.0472%	1h	$49K	$166K	3x	as long as short
Gate PONS_USDT	−0.186%	+0.0142%	4h	$5.7M	$6.8M	20x	as long as short
Lighter PONS	−0.140%	+0.1288%	1h	$1.8M	$710K	3x	as long as short
Variational Omni PONS	−0.130%	+0.0573%	4h	$1.8M	$3.4M	—	as long as short
ApeX Omni PONSUSDTlong	0.000%	+0.0100%	1h	$40K	$317K	5x
BloFin PONS-USDT	+0.035%	+0.0867%	4h	$1.9M	$925K	20x	as long as short
Phoenix PONS	+0.077%	+0.1489%	1h	$26K	$51K	3x	as long as short
edgeX PONSUSDC	+0.106%	+0.0632%	4h	$22K	$289K	10x	as long as short
Lighter RH PONSshort	+0.153%	+0.0288%	1h	$441K	$2.2M	3x
Phemex PONSUSDT	+0.160%	+0.0100%	4h	$1.8M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.190%	+0.0240%	1h	$397	—	3x	as long as short
HTX PONS-USDT	+0.208%	+0.0100%	4h	$67K	$493K	20x	as long as short
SoDEX PONS-USD	+0.211%	+0.0100%	1h	$29K	$475K	3x	as long as short
SunX PONS-USDT	+0.278%	+0.0100%	4h	—	$1.3M	10x	as long as short