After costs, if the gap returns to its 7d average, $10k−$37
spread now+0.056%7d average−0.005%fees + slippage, in and out−$43spread needed0.433%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PONSUSDT | 0.6347 | 0.0625 | pay 0.0313% / 4h | 51m 38s | $42.6M | $93.1M | 20x |
| Short | Lighter PONS | 0.6351 | 0.1288 | get 0.0161% / 1h | 51m 38s | $1.8M | $710K | 3x |
Binance 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
- $5.62
- Funding while held
- $19.89
- Slippage, 4 orders
- −$33.35
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$17.84
- Spread needed to break even
- 0.433%
Slippage from Binance: live order book, 8 min ago; Lighter: live order book, 1 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0663%
- Per $10,000 a day
- +$19.89
- 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, 8 min ago | 0.79 bp | 12.7 bp −$13 | 46.8 bp −$468 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 1 min ago | 5.34 bp | 10.5 bp −$10 | 24.0 bp −$240 | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapest
KuCoin0.6333+10.368%MEXC0.6336+10.422%Popdex0.6337+10.439%BingX0.6337+10.439%Bitget0.6343+10.542%Phoenix0.6343+10.549%Aster0.6344+10.564%Bybit0.6345+10.579%Extended0.6345+10.580%Pacifica0.6346+10.590%OKX0.6346+10.596%
Injective
KuCoin
MEXC
Popdex
BingX
Bitget
Phoenix
Aster
Bybit
Extended
Pacifica
OKXBinance0.6347+10.619%
Gate0.6348+10.631%
GateLighter0.6351+10.681%
Variational Omni0.6352+10.692%ApeX Omni0.6360+10.837%BloFin0.6362+10.875%gTrade (Gains Network)0.6363+10.889%edgeX0.6367+10.954%Lighter RH0.6370+11.006%Phemex0.6370+11.014%Aevo0.6372+11.048%HTX0.6373+11.067%SoDEX0.6373+11.070%Polymarket Perps0.6374+11.089%Nado0.6375+11.102%Hyperliquid0.6375+11.108%Orderly0.6376+11.115%SunX0.6378+11.145%
Variational Omni
ApeX Omni
BloFin
gTrade (Gains Network)
Lighter RH
Phemex
Aevo
HTX
SoDEX
Polymarket Perps
Nado
Hyperliquid
Orderly
SunXPONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −9.600% | +0.0033% | 1h | $590 | $15K | 5.5x | as long as short |
| KuCoin PONSUSDTM | −0.227% | +0.0538% | 4h | $1.8M | $2.9M | 20x | as long as short |
| MEXC PONS_USDT | −0.179% | +0.0624% | 4h | $8.2M | $4.9M | 20x | as long as short |
| Popdex PONSUSDT | −0.163% | +0.0096% | 1h | $20K | $470K | 20x | as long as short |
| BingX PONS-USDT | −0.163% | +0.0710% | 4h | — | $2.9M | — | as long as short |
| Bitget PONSUSDT | −0.070% | +0.0568% | 4h | $4.9M | $10.7M | 20x | as long as short |
| Phoenix PONS | −0.064% | +0.1489% | 1h | $26K | $51K | 3x | as long as short |
| Aster PONSUSDT | −0.050% | +0.0417% | 4h | $1.1M | $2.2M | 20x | as long as short |
| Bybit PONSUSDT | −0.037% | +0.0754% | 4h | $20.6M | $26.8M | 20x | as long as short |
| Extended PONS-USD | −0.035% | +0.0624% | 1h | $161K | $471K | 5x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Pacifica PONS | −0.027% | +0.0472% | 1h | $49K | $166K | 3x | as long as short |
| OKX PONS-USDT-SWAP | −0.021% | +0.0179% | 4h | $15.1M | $56.0M | 20x | as long as short |
| Binance PONSUSDTlong | 0.000% | +0.0625% | 4h | $42.6M | $93.1M | 20x | |
| Gate PONS_USDT | +0.010% | +0.0142% | 4h | $5.7M | $6.8M | 20x | as long as short |
| Lighter PONSshort | +0.056% | +0.1288% | 1h | $1.8M | $710K | 3x | |
| Variational Omni PONS | +0.066% | +0.0573% | 4h | $1.8M | $3.4M | — | as long as short |
| ApeX Omni PONSUSDT | +0.196% | +0.0100% | 1h | $40K | $317K | 5x | as long as short |
| BloFin PONS-USDT | +0.231% | +0.0867% | 4h | $1.9M | $925K | 20x | as long as short |
| gTrade (Gains Network) PONS/USD | +0.244% | L +0.0032% / S −0.0031% | 1h | $229K | — | 150x | as long as short |
| edgeX PONSUSDC | +0.303% | +0.0632% | 4h | $22K | $289K | 10x | as long as short |
| Lighter RH PONS | +0.349% | +0.0288% | 1h | $441K | $2.2M | 3x | as long as short |
| Phemex PONSUSDT | +0.357% | +0.0100% | 4h | $1.8M | $3.3M | 20x | as long as short |
| Aevo PONS-PERP | +0.387% | +0.0240% | 1h | $397 | — | 3x | as long as short |
| HTX PONS-USDT | +0.404% | +0.0100% | 4h | $67K | $493K | 20x | as long as short |
| SoDEX PONS-USD | +0.408% | +0.0100% | 1h | $29K | $475K | 3x | as long as short |
| Polymarket Perps PONS-USD | +0.425% | +0.0654% | 1h | $77K | $1.8M | 3x | as long as short |
| Nado PONS-PERP | +0.436% | +0.0728% | 1h | $117K | $71K | 5x | as long as short |
| Hyperliquid PONS | +0.442% | +0.1151% | 1h | $65.0M | $26.0M | 3x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.448% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| SunX PONS-USDT | +0.475% | +0.0100% | 4h | — | $1.3M | 10x | as long as short |