After costs, if the gap returns to its 7d average, $10k−$58
spread now+0.083%7d average−0.067%fees + slippage, in and out−$73spread needed0.728%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PONSUSDT | 0.5913 | 0.0346 | pay 0.0173% / 4h | 2h 38m | $38.5M | $97.9M | 20x |
| Short | Gate PONS_USDT | 0.5918 | 0.0100 | get 0.0050% / 4h | 2h 38m | $5.3M | $7.7M | 20x |
Binance PONSUSDT
Gate PONS_USDTPrice 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
- $8.26
- Funding while held
- −$7.39
- Slippage, 4 orders
- −$47.78
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$71.91
- Spread needed to break even
- 0.728%
Slippage from Binance: live order book, 6 min ago; Gate: live order book, 1 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0246%
- Per $10,000 a day
- −$7.39
- 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 Binance live order book, 6 min ago | 1.68 bp | 14.5 bp −$14 | 45.9 bp −$459 | doesn't fit | doesn't fit |
| Sell Gate live order book, 1 min ago | 2.53 bp | 26.2 bp −$26 | 63.8 bp −$638 | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapestBybit0.5910+2.998%BingX0.5910+2.998%Bitget0.5911+3.008%SoDEX0.5913+3.041%gTrade (Gains Network)0.5913+3.045%Aevo0.5913+3.051%
Injective
Bybit
BingX
Bitget
SoDEX
gTrade (Gains Network)
AevoBinance0.5913+3.052%
Pacifica0.5913+3.055%Aster0.5913+3.055%Lighter RH0.5914+3.067%Extended0.5916+3.099%Hyperliquid0.5916+3.102%Orderly0.5916+3.102%Phemex0.5916+3.102%KuCoin0.5916+3.107%OKX0.5917+3.120%Nado0.5918+3.132%Popdex0.5918+3.137%
Pacifica
Aster
Lighter RH
Extended
Hyperliquid
Orderly
Phemex
KuCoin
OKX
Nado
PopdexGate0.5918+3.137%
MEXC0.5918+3.137%BloFin0.5918+3.137%SunX0.5918+3.139%Polymarket Perps0.5918+3.140%Lighter0.5918+3.144%ApeX Omni0.5926+3.273%HTX0.5931+3.372%edgeX0.5936+3.447%Variational Omni0.5936+3.456%Phoenix0.5948+3.660%
MEXC
BloFin
SunX
Polymarket Perps
Lighter
ApeX Omni
HTX
Variational Omni
PhoenixPONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −2.961% | +0.0033% | 1h | $590 | $7K | 5.5x | as long as short |
| Bybit PONSUSDT | −0.053% | +0.0100% | 4h | $17.7M | $30.0M | 20x | as long as short |
| BingX PONS-USDT | −0.053% | +0.0374% | 4h | — | $3.2M | — | as long as short |
| Bitget PONSUSDT | −0.043% | +0.0176% | 4h | $4.6M | $11.3M | 20x | as long as short |
| SoDEX PONS-USD | −0.010% | +0.0100% | 1h | $26K | $507K | 3x | as long as short |
| gTrade (Gains Network) PONS/USD | −0.007% | L +0.0032% / S −0.0032% | 1h | $214K | — | 150x | as long as short |
| Aevo PONS-PERP | −0.001% | +0.0168% | 1h | $368 | — | 3x | as long as short |
| Binance PONSUSDTlong | 0.000% | +0.0346% | 4h | $38.5M | $97.9M | 20x | |
| Pacifica PONS | +0.003% | +0.0285% | 1h | $49K | $119K | 3x | as long as short |
| Aster PONSUSDT | +0.003% | +0.0100% | 4h | $1.1M | $2.1M | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Lighter RH PONS | +0.015% | +0.0168% | 1h | $406K | $2.3M | 3x | as long as short |
| Extended PONS-USD | +0.046% | +0.0360% | 1h | $88K | $543K | 5x | as long as short |
| Hyperliquid PONS | +0.049% | +0.0245% | 1h | $59.1M | $29.0M | 3x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.049% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| Phemex PONSUSDT | +0.049% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.054% | +0.0108% | 4h | $1.7M | $3.3M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.066% | +0.0142% | 4h | $13.2M | $55.7M | 20x | as long as short |
| Nado PONS-PERP | +0.077% | +0.0222% | 1h | $112K | $72K | 5x | as long as short |
| Popdex PONSUSDT | +0.083% | +0.0096% | 1h | $18K | $493K | 20x | as long as short |
| Gate PONS_USDTshort | +0.083% | +0.0100% | 4h | $5.3M | $7.7M | 20x | |
| MEXC PONS_USDT | +0.083% | +0.0356% | 4h | $7.3M | $5.2M | 20x | as long as short |
| BloFin PONS-USDT | +0.083% | +0.0596% | 4h | $1.7M | $971K | 20x | as long as short |
| SunX PONS-USDT | +0.084% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| Polymarket Perps PONS-USD | +0.086% | +0.0331% | 1h | $48K | $1.8M | 3x | as long as short |
| Lighter PONS | +0.089% | +0.0576% | 1h | $1.7M | $853K | 3x | as long as short |
| ApeX Omni PONSUSDT | +0.215% | +0.0100% | 1h | $30K | $321K | 5x | as long as short |
| HTX PONS-USDT | +0.311% | +0.0100% | 4h | $63K | $496K | 20x | as long as short |
| edgeX PONSUSDC | +0.384% | +0.0395% | 4h | $21K | $291K | 10x | as long as short |
| Variational Omni PONS | +0.393% | +0.0143% | 4h | $1.2M | $3.9M | — | as long as short |
| Phoenix PONS | +0.590% | +0.1523% | 1h | $24K | $61K | 3x | as long as short |