After costs, if the gap returns to its 7d average, $10k−$66
spread now+0.021%7d average+0.070%fees + slippage, in and out−$61spread needed0.611%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster PONSUSDT | 0.6429 | 0.0534 | pay 0.0267% / 4h | 2h 39m | $1.2M | $2.1M | 20x |
| Short | Lighter PONS | 0.6431 | 0.1000 | get 0.0125% / 1h | 39m 07s | $1.8M | $738K | 3x |
Aster 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
- $2.07
- Funding while held
- $13.99
- Slippage, 4 orders
- −$53.11
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$45.05
- Spread needed to break even
- 0.611%
Slippage from Aster: live order book, 1 min ago; Lighter: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0466%
- Per $10,000 a day
- +$13.99
- 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 Aster live order book, 1 min ago | 4.20 bp | 10.2 bp −$10 | 29.1 bp −$291 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 8.83 bp | 19.9 bp −$20 | 38.7 bp −$387 | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapest
Bybit0.6412+11.746%OKX0.6413+11.764%BingX0.6415+11.799%MEXC0.6418+11.851%Bitget0.6420+11.877%gTrade (Gains Network)0.6420+11.890%Hyperliquid0.6424+11.955%Gate0.6424+11.955%Binance0.6425+11.971%Aevo0.6426+11.987%BloFin0.6426+11.990%Phemex0.6427+12.008%SoDEX0.6428+12.020%Popdex0.6428+12.025%Extended0.6428+12.034%Lighter RH0.6429+12.043%
Injective
Bybit
OKX
BingX
MEXC
Bitget
gTrade (Gains Network)
Hyperliquid
Gate
Binance
Aevo
BloFin
Phemex
SoDEX
Popdex
Extended
Lighter RHAster0.6429+12.045%
KuCoin0.6430+12.056%
KuCoinLighter0.6431+12.069%
Polymarket Perps0.6433+12.105%Orderly0.6433+12.112%Nado0.6434+12.130%Pacifica0.6441+12.246%SunX0.6441+12.253%ApeX Omni0.6445+12.320%HTX0.6446+12.346%Phoenix0.6456+12.522%Variational Omni0.6462+12.612%edgeX0.6502+13.319%
Polymarket Perps
Orderly
Nado
Pacifica
SunX
ApeX Omni
HTX
Phoenix
Variational OmniPONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −10.751% | +0.0033% | 1h | $590 | $18K | 5.5x | as long as short |
| Bybit PONSUSDT | −0.267% | +0.0815% | 4h | $20.9M | $26.0M | 20x | as long as short |
| OKX PONS-USDT-SWAP | −0.251% | +0.0294% | 4h | $15.7M | $58.1M | 20x | as long as short |
| BingX PONS-USDT | −0.220% | +0.0858% | 4h | — | $2.9M | — | as long as short |
| MEXC PONS_USDT | −0.174% | +0.0726% | 4h | $8.9M | $4.8M | 20x | as long as short |
| Bitget PONSUSDT | −0.150% | +0.0804% | 4h | $5.1M | $9.6M | 20x | as long as short |
| gTrade (Gains Network) PONS/USD | −0.139% | L +0.0032% / S −0.0030% | 1h | $236K | — | 150x | as long as short |
| Hyperliquid PONS | −0.080% | +0.1948% | 1h | $64.6M | $24.1M | 3x | as long as short |
| Gate PONS_USDT | −0.080% | +0.3456% | 4h | $5.7M | $7.0M | 20x | as long as short |
| Binance PONSUSDT | −0.066% | +0.0727% | 4h | $43.4M | $91.4M | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aevo PONS-PERP | −0.052% | +0.0264% | 1h | $400 | — | 3x | as long as short |
| BloFin PONS-USDT | −0.049% | +0.0967% | 4h | $2.0M | $888K | 20x | as long as short |
| Phemex PONSUSDT | −0.034% | +0.0100% | 4h | $1.8M | $3.4M | 20x | as long as short |
| SoDEX PONS-USD | −0.023% | +0.0100% | 1h | $29K | $466K | 3x | as long as short |
| Popdex PONSUSDT | −0.018% | +0.0096% | 1h | $20K | $457K | 20x | as long as short |
| Extended PONS-USD | −0.011% | +0.0728% | 1h | $179K | $359K | 5x | as long as short |
| Lighter RH PONS | −0.003% | +0.1032% | 1h | $448K | $2.1M | 3x | as long as short |
| Aster PONSUSDTlong | 0.000% | +0.0534% | 4h | $1.2M | $2.1M | 20x | |
| KuCoin PONSUSDTM | +0.010% | +0.0538% | 4h | $2.0M | $1.8M | 20x | as long as short |
| Lighter PONSshort | +0.021% | +0.1000% | 1h | $1.8M | $738K | 3x | |
| Polymarket Perps PONS-USD | +0.053% | +0.0967% | 1h | $65K | $1.8M | 3x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.060% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| Nado PONS-PERP | +0.075% | +0.0921% | 1h | $109K | $66K | 5x | as long as short |
| Pacifica PONS | +0.179% | +0.0815% | 1h | $49K | $143K | 3x | as long as short |
| SunX PONS-USDT | +0.186% | +0.0100% | 4h | — | $1.1M | 10x | as long as short |
| ApeX Omni PONSUSDT | +0.245% | +0.0100% | 1h | $41K | $322K | 5x | as long as short |
| HTX PONS-USDT | +0.268% | +0.0100% | 4h | $71K | $483K | 20x | as long as short |
| Phoenix PONS | +0.425% | +0.1558% | 1h | $26K | $51K | 3x | as long as short |
| Variational Omni PONS | +0.506% | +0.0599% | 4h | $1.9M | $3.5M | — | as long as short |
| edgeX PONSUSDC | +1.137% | +0.0768% | 4h | $22K | $289K | 10x | as long as short |