After costs, if the gap returns to its 7d average, $10k−$179
spread now−0.557%7d average−0.006%fees + slippage, in and out−$124spread needed1.240%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PONSUSDT | 0.5912 | 0.0325 | pay 0.0163% / 4h | 2h 22m | $38.5M | $97.9M | 20x |
| Short | Nado PONS-PERP | 0.5879 | 0.0100 | get 0.0012% / 1h | 22m 26s | $73K | $94K | 5x |
Binance 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
- −$55.73
- Funding while held
- −$6.76
- Slippage, 4 orders
- −$114
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Nado: 0 bp × 2 orders
- $0
- Net
- −$186.48
- Spread needed to break even
- 1.240%
Slippage from Binance: live order book, 7 min ago; Nado: live order book, 77 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0225%
- Per $10,000 a day
- −$6.76
- 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, 7 min ago | 0.85 bp | 11.8 bp −$12 | 37.6 bp −$376 | doesn't fit | doesn't fit |
| Sell Nado live order book, 77 min ago | 16.40 bp | 49.2 bp −$49 | 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
InjectiveNado0.5879+2.458%
BloFin0.5884+2.544%Phoenix0.5885+2.553%Aevo0.5888+2.606%SoDEX0.5889+2.632%HTX0.5890+2.654%ApeX Omni0.5890+2.658%SunX0.5891+2.675%Aster0.5892+2.687%edgeX0.5892+2.687%Phemex0.5894+2.719%Gate0.5898+2.788%Lighter RH0.5899+2.804%Pacifica0.5900+2.815%gTrade (Gains Network)0.5901+2.843%Popdex0.5902+2.858%Extended0.5903+2.878%Lighter0.5904+2.890%KuCoin0.5904+2.890%Polymarket Perps0.5904+2.896%Bitget0.5905+2.902%Bybit0.5905+2.910%MEXC0.5906+2.928%Hyperliquid0.5907+2.952%OKX0.5909+2.980%BingX0.5909+2.980%Orderly0.5910+3.006%
BloFin
Phoenix
Aevo
SoDEX
HTX
ApeX Omni
SunX
Aster
Phemex
Gate
Lighter RH
Pacifica
gTrade (Gains Network)
Popdex
Extended
Lighter
KuCoin
Polymarket Perps
Bitget
Bybit
MEXC
Hyperliquid
OKX
BingX
OrderlyBinance0.5912+3.032%
Variational Omni0.5917+3.117%
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 | −2.943% | +0.0033% | 1h | $590 | $7K | 5.5x | as long as short |
| Nado PONS-PERPshort | −0.557% | +0.0100% | 1h | $73K | $94K | 5x | |
| BloFin PONS-USDT | −0.474% | +0.0565% | 4h | $1.7M | $961K | 20x | as long as short |
| Phoenix PONS | −0.465% | +0.1523% | 1h | $23K | $61K | 3x | as long as short |
| Aevo PONS-PERP | −0.413% | +0.0168% | 1h | $367 | — | 3x | as long as short |
| SoDEX PONS-USD | −0.389% | +0.0100% | 1h | $26K | $507K | 3x | as long as short |
| HTX PONS-USDT | −0.367% | +0.0100% | 4h | $62K | $496K | 20x | as long as short |
| ApeX Omni PONSUSDT | −0.364% | +0.0100% | 1h | $30K | $320K | 5x | as long as short |
| SunX PONS-USDT | −0.347% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| Aster PONSUSDT | −0.335% | +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 | |
|---|---|---|---|---|---|---|---|
| edgeX PONSUSDC | −0.335% | +0.0355% | 4h | $21K | $292K | 10x | as long as short |
| Phemex PONSUSDT | −0.304% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
| Gate PONS_USDT | −0.237% | +0.0100% | 4h | $5.3M | $7.7M | 20x | as long as short |
| Lighter RH PONS | −0.222% | +0.0096% | 1h | $416K | $2.4M | 3x | as long as short |
| Pacifica PONS | −0.211% | +0.0285% | 1h | $47K | $122K | 3x | as long as short |
| gTrade (Gains Network) PONS/USD | −0.184% | L +0.0032% / S −0.0032% | 1h | $214K | — | 150x | as long as short |
| Popdex PONSUSDT | −0.169% | +0.0096% | 1h | $18K | $493K | 20x | as long as short |
| Extended PONS-USD | −0.149% | +0.0328% | 1h | $88K | $539K | 5x | as long as short |
| Lighter PONS | −0.139% | +0.0648% | 1h | $1.7M | $855K | 3x | as long as short |
| KuCoin PONSUSDTM | −0.139% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
| Polymarket Perps PONS-USD | −0.132% | +0.0362% | 1h | $48K | $1.8M | 3x | as long as short |
| Bitget PONSUSDT | −0.127% | +0.0158% | 4h | $4.6M | $11.4M | 20x | as long as short |
| Bybit PONSUSDT | −0.118% | +0.0183% | 4h | $17.7M | $30.2M | 20x | as long as short |
| MEXC PONS_USDT | −0.101% | +0.0324% | 4h | $7.5M | $5.3M | 20x | as long as short |
| Hyperliquid PONS | −0.078% | +0.0181% | 1h | $59.1M | $29.1M | 3x | as long as short |
| OKX PONS-USDT-SWAP | −0.051% | +0.0148% | 4h | $13.3M | $55.8M | 20x | as long as short |
| BingX PONS-USDT | −0.051% | +0.0334% | 4h | — | $3.2M | — | as long as short |
| Orderly PERP_PONS_USDC_mythos | −0.025% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| Binance PONSUSDTlong | 0.000% | +0.0325% | 4h | $38.5M | $97.9M | 20x | |
| Variational Omni PONS | +0.082% | +0.0106% | 4h | $1.2M | $3.9M | — | as long as short |