After costs, if the gap returns to its 7d average, $10k−$92
spread now+0.450%7d average+0.051%fees + slippage, in and out−$131spread needed1.314%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster PONSUSDT | 0.6334 | 0.0424 | pay 0.0212% / 4h | 1h 50m | $1.1M | $2.2M | 20x |
| Short | Nado PONS-PERP | 0.6362 | 0.0538 | get 0.0067% / 1h | 50m 38s | $117K | $67K | 5x |
Aster PONSUSDT
Nado PONS-PERPPrice 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
- $45
- Funding while held
- $3.42
- Slippage, 4 orders
- −$123.44
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Nado: 0 bp × 2 orders
- $0
- Net
- −$83.03
- Spread needed to break even
- 1.314%
Slippage from Aster: live order book, 4 min ago; Nado: live order book, 64 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0114%
- Per $10,000 a day
- +$3.42
- 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, 4 min ago | 4.31 bp | 13.6 bp −$14 | 34.2 bp −$342 | doesn't fit | doesn't fit |
| Sell Nado live order book, 64 min ago | 16.17 bp | 54.3 bp −$54 | doesn't fit | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapest
ApeX Omni0.6311+9.986%edgeX0.6322+10.173%Phoenix0.6328+10.289%Aevo0.6329+10.304%gTrade (Gains Network)0.6332+10.347%
Injective
ApeX Omni
Phoenix
Aevo
gTrade (Gains Network)Aster0.6334+10.378%
KuCoin0.6336+10.422%Lighter RH0.6337+10.443%Gate0.6338+10.457%Phemex0.6338+10.457%Hyperliquid0.6338+10.460%Pacifica0.6340+10.483%BloFin0.6340+10.491%Lighter0.6340+10.495%Orderly0.6341+10.512%Binance0.6342+10.526%MEXC0.6342+10.526%SoDEX0.6342+10.526%BingX0.6343+10.544%OKX0.6344+10.561%Extended0.6344+10.566%Bitget0.6344+10.566%Bybit0.6345+10.579%SunX0.6350+10.657%Variational Omni0.6352+10.707%HTX0.6359+10.819%Polymarket Perps0.6360+10.833%
KuCoin
Lighter RH
Gate
Phemex
Hyperliquid
Pacifica
BloFin
Lighter
Orderly
Binance
MEXC
SoDEX
BingX
OKX
Extended
Bitget
Bybit
SunX
Variational Omni
HTX
Polymarket PerpsNado0.6362+10.875%
Popdex0.6363+10.892%
PopdexPONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −9.402% | +0.0033% | 1h | $590 | $15K | 5.5x | as long as short |
| ApeX Omni PONSUSDT | −0.355% | −0.0276% | 1h | $40K | $319K | 5x | as long as short |
| edgeX PONSUSDC | −0.186% | +0.0696% | 4h | $22K | $287K | 10x | as long as short |
| Phoenix PONS | −0.081% | +0.1767% | 1h | $26K | $45K | 3x | as long as short |
| Aevo PONS-PERP | −0.067% | +0.0256% | 1h | $394 | — | 3x | as long as short |
| gTrade (Gains Network) PONS/USD | −0.028% | L +0.0032% / S −0.0032% | 1h | $226K | — | 150x | as long as short |
| Aster PONSUSDTlong | 0.000% | +0.0424% | 4h | $1.1M | $2.2M | 20x | |
| KuCoin PONSUSDTM | +0.039% | +0.0580% | 4h | $2.3M | $2.1M | 20x | as long as short |
| Lighter RH PONS | +0.058% | +0.0408% | 1h | $450K | $2.2M | 3x | as long as short |
| Gate PONS_USDT | +0.071% | +0.1224% | 4h | $5.7M | $7.0M | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phemex PONSUSDT | +0.071% | +0.0100% | 4h | $1.8M | $3.4M | 20x | as long as short |
| Hyperliquid PONS | +0.074% | +0.1014% | 1h | $64.3M | $25.3M | 3x | as long as short |
| Pacifica PONS | +0.095% | +0.0858% | 1h | $49K | $165K | 3x | as long as short |
| BloFin PONS-USDT | +0.103% | +0.0919% | 4h | $2.0M | $905K | 20x | as long as short |
| Lighter PONS | +0.106% | +0.0656% | 1h | $1.8M | $728K | 3x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.122% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| Binance PONSUSDT | +0.134% | +0.0695% | 4h | $42.7M | $92.4M | 20x | as long as short |
| MEXC PONS_USDT | +0.134% | +0.0678% | 4h | $8.1M | $4.8M | 20x | as long as short |
| SoDEX PONS-USD | +0.134% | +0.0100% | 1h | $29K | $462K | 3x | as long as short |
| BingX PONS-USDT | +0.150% | +0.0730% | 4h | — | $2.9M | — | as long as short |
| OKX PONS-USDT-SWAP | +0.166% | +0.0235% | 4h | $15.2M | $56.6M | 20x | as long as short |
| Extended PONS-USD | +0.170% | +0.0680% | 1h | $227K | $399K | 5x | as long as short |
| Bitget PONSUSDT | +0.170% | +0.0756% | 4h | $5.0M | $10.3M | 20x | as long as short |
| Bybit PONSUSDT | +0.182% | +0.0684% | 4h | $20.2M | $26.1M | 20x | as long as short |
| SunX PONS-USDT | +0.253% | +0.0100% | 4h | — | $1.2M | 10x | as long as short |
| Variational Omni PONS | +0.298% | +0.0542% | 4h | $1.8M | $3.3M | — | as long as short |
| HTX PONS-USDT | +0.399% | +0.0100% | 4h | $67K | $491K | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.412% | +0.0414% | 1h | $65K | $1.7M | 3x | as long as short |
| Nado PONS-PERPshort | +0.450% | +0.0538% | 1h | $117K | $67K | 5x | |
| Popdex PONSUSDT | +0.466% | +0.0096% | 1h | $20K | $470K | 20x | as long as short |