PONS

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After costs, if the gap returns to its 7d average, $10k−$324

spread now−0.586%7d average−0.110%fees + slippage, in and out−$276spread needed2.764%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni PONSUSDT	0.6210	0.0100	pay 0.0013% / 1h	51m 55s	$39K	$314K	5x
Short	Popdex PONSUSDT	0.6174	0.0096	get 0.0012% / 1h	51m 55s	$19K	$452K	20x

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 PopdexbpOrdersClose when spread is

Slippage from ApeX Omni: live order book, 57 min ago; Popdex: live order book, 58 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, 57 min ago	10.53 bp	18.2 bp −$18	113.4 bp −$1,134	doesn't fit	doesn't fit
Sell Popdex live order book, 58 min ago	3.71 bp	80.7 bp −$81	doesn't fit	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	−7.607%	+0.0033%	1h	$590	$11K	5.5x	as long as short
Bybit PONSUSDT	−1.327%	+0.0415%	4h	$19.5M	$27.3M	20x	as long as short
KuCoin PONSUSDTM	−1.295%	+0.0268%	4h	$1.8M	$3.1M	20x	as long as short
OKX PONS-USDT-SWAP	−1.230%	+0.0127%	4h	$14.3M	$54.1M	20x	as long as short
Bitget PONSUSDT	−1.212%	+0.0320%	4h	$4.8M	$10.8M	20x	as long as short
MEXC PONS_USDT	−1.150%	+0.0512%	4h	$7.6M	$5.0M	20x	as long as short
Extended PONS-USD	−0.827%	+0.0504%	1h	$92K	$533K	5x	as long as short
Binance PONSUSDT	−0.587%	+0.0504%	4h	$41.0M	$92.8M	20x	as long as short
Popdex PONSUSDTshort	−0.586%	+0.0096%	1h	$19K	$452K	20x
BingX PONS-USDT	−0.586%	+0.0502%	4h	—	$3.1M	—	as long as short

Show all 30 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Polymarket Perps PONS-USD	−0.570%	+0.0624%	1h	$63K	$1.8M	3x	as long as short
Nado PONS-PERP	−0.567%	+0.0376%	1h	$112K	$68K	5x	as long as short
Pacifica PONS	−0.560%	+0.0616%	1h	$50K	$126K	3x	as long as short
SunX PONS-USDT	−0.502%	+0.0100%	4h	—	$1.4M	10x	as long as short
Hyperliquid PONS	−0.459%	+0.0702%	1h	$62.8M	$26.6M	3x	as long as short
Aevo PONS-PERP	−0.427%	+0.0216%	1h	$385	—	3x	as long as short
Phemex PONSUSDT	−0.425%	+0.0100%	4h	$1.7M	$3.3M	20x	as long as short
gTrade (Gains Network) PONS/USD	−0.420%	L +0.0032% / S −0.0031%	1h	$223K	—	150x	as long as short
Orderly PERP_PONS_USDC_mythos	−0.414%	+0.0100%	4h	$2K	$2K	10x	as long as short
SoDEX PONS-USD	−0.375%	+0.0100%	1h	$28K	$462K	3x	as long as short
Lighter RH PONS	−0.361%	+0.0576%	1h	$430K	$2.2M	3x	as long as short
Aster PONSUSDT	−0.346%	+0.0126%	4h	$1.1M	$2.1M	20x	as long as short
HTX PONS-USDT	−0.309%	+0.0100%	4h	$66K	$491K	20x	as long as short
Lighter PONS	−0.280%	+0.1432%	1h	$1.8M	$769K	3x	as long as short
Gate PONS_USDT	−0.280%	−0.2782%	4h	$5.6M	$7.2M	20x	as long as short
BloFin PONS-USDT	−0.184%	+0.0754%	4h	$1.8M	$920K	20x	as long as short
Phoenix PONS	−0.035%	+0.1528%	1h	$25K	$61K	3x	as long as short
ApeX Omni PONSUSDTlong	0.000%	+0.0100%	1h	$39K	$314K	5x
edgeX PONSUSDC	+0.397%	+0.0529%	4h	$21K	$290K	10x	as long as short
Variational Omni PONS	+0.549%	+0.0503%	4h	$1.7M	$3.4M	—	as long as short