After costs, if the gap returns to its 7d average, $10k−$106
spread now+0.024%7d average−0.010%fees + slippage, in and out−$110spread needed1.098%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PONSUSDT | 0.6215 | 0.0550 | pay 0.0275% / 4h | 4m 15s | $41.3M | $92.7M | 20x |
| Short | Phemex PONSUSDT | 0.6216 | 0.0100 | get 0.0050% / 4h | 4m 15s | $1.7M | $3.3M | 20x |
Binance PONSUSDT
Phemex PONSUSDTPrice 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
- $2.38
- Funding while held
- −$13.51
- Slippage, 4 orders
- −$87.83
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$120.96
- Spread needed to break even
- 1.098%
Slippage from Binance: live order book, 10 min ago; Phemex: live order book, 6 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0450%
- Per $10,000 a day
- −$13.51
- 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, 10 min ago | 0.80 bp | 11.7 bp −$12 | 41.8 bp −$418 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 6 min ago | 5.63 bp | 43.1 bp −$43 | 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
BingX0.6205+8.139%Bybit0.6213+8.278%gTrade (Gains Network)0.6214+8.292%OKX0.6214+8.296%SoDEX0.6214+8.301%
Injective
BingX
Bybit
gTrade (Gains Network)
OKX
SoDEXBinance0.6215+8.305%
Extended0.6215+8.308%Bitget0.6216+8.327%
Extended
BitgetPhemex0.6216+8.330%
Aevo0.6217+8.352%MEXC0.6218+8.365%SunX0.6218+8.369%Lighter RH0.6220+8.398%Polymarket Perps0.6221+8.421%Orderly0.6222+8.438%Gate0.6223+8.452%Popdex0.6224+8.470%Hyperliquid0.6224+8.475%Lighter0.6225+8.484%KuCoin0.6226+8.505%Pacifica0.6229+8.558%BloFin0.6231+8.592%Aster0.6234+8.640%HTX0.6239+8.724%Nado0.6244+8.824%Variational Omni0.6251+8.944%ApeX Omni0.6253+8.982%Phoenix0.6264+9.174%edgeX0.6267+9.227%
Aevo
MEXC
SunX
Lighter RH
Polymarket Perps
Orderly
Gate
Popdex
Hyperliquid
Lighter
KuCoin
Pacifica
BloFin
Aster
HTX
Nado
Variational Omni
ApeX 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 | −7.668% | +0.0033% | 1h | $590 | $15K | 5.5x | as long as short |
| BingX PONS-USDT | −0.153% | +0.0606% | 4h | — | $3.1M | — | as long as short |
| Bybit PONSUSDT | −0.024% | +0.0617% | 4h | $19.9M | $27.2M | 20x | as long as short |
| gTrade (Gains Network) PONS/USD | −0.011% | L +0.0032% / S −0.0031% | 1h | $224K | — | 150x | as long as short |
| OKX PONS-USDT-SWAP | −0.008% | +0.0137% | 4h | $14.4M | $54.8M | 20x | as long as short |
| SoDEX PONS-USD | −0.004% | +0.0100% | 1h | $28K | $464K | 3x | as long as short |
| Binance PONSUSDTlong | 0.000% | +0.0550% | 4h | $41.3M | $92.7M | 20x | |
| Extended PONS-USD | +0.003% | +0.0552% | 1h | $93K | $533K | 5x | as long as short |
| Bitget PONSUSDT | +0.021% | +0.0364% | 4h | $4.8M | $10.7M | 20x | as long as short |
| Phemex PONSUSDTshort | +0.024% | +0.0100% | 4h | $1.7M | $3.3M | 20x |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aevo PONS-PERP | +0.044% | +0.0216% | 1h | $387 | — | 3x | as long as short |
| MEXC PONS_USDT | +0.056% | +0.0550% | 4h | $7.8M | $5.1M | 20x | as long as short |
| SunX PONS-USDT | +0.059% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| Lighter RH PONS | +0.087% | +0.0456% | 1h | $427K | $2.3M | 3x | as long as short |
| Polymarket Perps PONS-USD | +0.107% | +0.0546% | 1h | $67K | $1.8M | 3x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.124% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| Gate PONS_USDT | +0.136% | −0.0280% | 4h | $5.6M | $7.3M | 20x | as long as short |
| Popdex PONSUSDT | +0.153% | +0.0096% | 1h | $19K | $455K | 20x | as long as short |
| Hyperliquid PONS | +0.157% | +0.1018% | 1h | $63.2M | $26.6M | 3x | as long as short |
| Lighter PONS | +0.165% | +0.1160% | 1h | $1.8M | $776K | 3x | as long as short |
| KuCoin PONSUSDTM | +0.185% | +0.0290% | 4h | $1.8M | $3.2M | 20x | as long as short |
| Pacifica PONS | +0.234% | +0.0472% | 1h | $50K | $126K | 3x | as long as short |
| BloFin PONS-USDT | +0.265% | +0.0790% | 4h | $1.9M | $922K | 20x | as long as short |
| Aster PONSUSDT | +0.310% | +0.0203% | 4h | $1.1M | $2.1M | 20x | as long as short |
| HTX PONS-USDT | +0.387% | +0.0100% | 4h | $66K | $491K | 20x | as long as short |
| Nado PONS-PERP | +0.480% | +0.0599% | 1h | $113K | $67K | 5x | as long as short |
| Variational Omni PONS | +0.590% | +0.0519% | 4h | $1.7M | $3.4M | — | as long as short |
| ApeX Omni PONSUSDT | +0.626% | +0.0100% | 1h | $39K | $314K | 5x | as long as short |
| Phoenix PONS | +0.803% | +0.1489% | 1h | $25K | $51K | 3x | as long as short |
| edgeX PONSUSDC | +0.851% | +0.0560% | 4h | $21K | $290K | 10x | as long as short |