After costs, if the gap returns to its 7d average, $10k−$44
spread now+0.176%7d average−0.009%fees + slippage, in and out−$62spread needed0.620%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PONSUSDT | 0.5903 | 0.0346 | pay 0.0173% / 4h | 2h 38m | $38.5M | $97.8M | 20x |
| Short | Pacifica PONS | 0.5913 | 0.0285 | get 0.0036% / 1h | 38m 21s | $49K | $119K | 3x |
Binance PONSUSDT
Pacifica 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
- $17.55
- Funding while held
- −$1.84
- Slippage, 4 orders
- −$44.05
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$46.33
- Spread needed to break even
- 0.620%
Slippage from Binance: live order book, 6 min ago; Pacifica: live order book, 1 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0061%
- Per $10,000 a day
- −$1.84
- 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 Pacifica live order book, 1 min ago | 9.12 bp | 15.6 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapestOKX0.5899+2.806%Bitget0.5900+2.816%gTrade (Gains Network)0.5900+2.824%
Injective
OKX
Bitget
gTrade (Gains Network)Binance0.5903+2.875%
Bybit0.5903+2.876%BingX0.5903+2.876%Aevo0.5903+2.877%KuCoin0.5904+2.884%Extended0.5905+2.910%Orderly0.5906+2.930%Hyperliquid0.5908+2.963%MEXC0.5908+2.963%Nado0.5908+2.968%Aster0.5912+3.031%Gate0.5912+3.032%SoDEX0.5913+3.041%
Bybit
BingX
Aevo
KuCoin
Extended
Orderly
Hyperliquid
MEXC
Nado
Aster
Gate
SoDEXPacifica0.5913+3.055%
Polymarket Perps0.5913+3.055%SunX0.5914+3.064%Lighter RH0.5914+3.067%Popdex0.5914+3.067%Phemex0.5916+3.102%BloFin0.5918+3.137%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%
Polymarket Perps
SunX
Lighter RH
Popdex
Phemex
BloFin
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 | −2.794% | +0.0033% | 1h | $590 | $7K | 5.5x | as long as short |
| OKX PONS-USDT-SWAP | −0.067% | +0.0140% | 4h | $13.2M | $55.5M | 20x | as long as short |
| Bitget PONSUSDT | −0.057% | +0.0174% | 4h | $4.6M | $11.3M | 20x | as long as short |
| gTrade (Gains Network) PONS/USD | −0.049% | L +0.0032% / S −0.0032% | 1h | $214K | — | 150x | as long as short |
| Binance PONSUSDTlong | 0.000% | +0.0346% | 4h | $38.5M | $97.8M | 20x | |
| Bybit PONSUSDT | +0.001% | +0.0128% | 4h | $17.7M | $30.0M | 20x | as long as short |
| BingX PONS-USDT | +0.001% | +0.0374% | 4h | — | $3.2M | — | as long as short |
| Aevo PONS-PERP | +0.002% | +0.0168% | 1h | $368 | — | 3x | as long as short |
| KuCoin PONSUSDTM | +0.009% | +0.0106% | 4h | $1.7M | $3.3M | 20x | as long as short |
| Extended PONS-USD | +0.034% | +0.0344% | 1h | $88K | $543K | 5x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Orderly PERP_PONS_USDC_mythos | +0.054% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| Hyperliquid PONS | +0.086% | +0.0238% | 1h | $59.0M | $29.0M | 3x | as long as short |
| MEXC PONS_USDT | +0.086% | +0.0356% | 4h | $7.2M | $5.2M | 20x | as long as short |
| Nado PONS-PERP | +0.091% | +0.0212% | 1h | $112K | $72K | 5x | as long as short |
| Aster PONSUSDT | +0.152% | +0.0100% | 4h | $1.1M | $2.1M | 20x | as long as short |
| Gate PONS_USDT | +0.153% | +0.0100% | 4h | $5.3M | $7.7M | 20x | as long as short |
| SoDEX PONS-USD | +0.162% | +0.0100% | 1h | $26K | $507K | 3x | as long as short |
| Pacifica PONSshort | +0.176% | +0.0285% | 1h | $49K | $119K | 3x | |
| Polymarket Perps PONS-USD | +0.176% | +0.0318% | 1h | $48K | $1.8M | 3x | as long as short |
| SunX PONS-USDT | +0.184% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| Lighter RH PONS | +0.187% | +0.0168% | 1h | $406K | $2.3M | 3x | as long as short |
| Popdex PONSUSDT | +0.187% | +0.0096% | 1h | $18K | $493K | 20x | as long as short |
| Phemex PONSUSDT | +0.221% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
| BloFin PONS-USDT | +0.255% | +0.0596% | 4h | $1.7M | $971K | 20x | as long as short |
| Lighter PONS | +0.262% | +0.0576% | 1h | $1.7M | $853K | 3x | as long as short |
| ApeX Omni PONSUSDT | +0.387% | +0.0100% | 1h | $30K | $321K | 5x | as long as short |
| HTX PONS-USDT | +0.484% | +0.0100% | 4h | $63K | $496K | 20x | as long as short |
| edgeX PONSUSDC | +0.557% | +0.0395% | 4h | $21K | $291K | 10x | as long as short |
| Variational Omni PONS | +0.566% | +0.0143% | 4h | $1.2M | $3.9M | — | as long as short |
| Phoenix PONS | +0.763% | +0.1523% | 1h | $24K | $61K | 3x | as long as short |