After costs, if the gap returns to its 7d average, $10k−$20
spread now+0.166%7d average−0.080%fees + slippage, in and out−$45spread needed0.448%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PONS-USDT | 0.6365 | 0.0752 | pay 0.0376% / 4h | 1h 58m | — | $2.9M | — |
| Short | Aster PONSUSDT | 0.6376 | 0.0465 | get 0.0232% / 4h | 1h 58m | $1.1M | $2.2M | 20x |
BingX PONS-USDT
Aster 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
- $16.58
- Funding while held
- −$8.61
- Slippage, 4 orders
- −$26.77
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$36.81
- Spread needed to break even
- 0.448%
Slippage from BingX: live order book, 13 min ago; Aster: live order book, 1 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0287%
- Per $10,000 a day
- −$8.61
- 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 BingX live order book, 13 min ago | 0.79 bp | 11.1 bp −$11 | 36.5 bp −$365 | 276.4 bp −$27.6K | doesn't fit |
| Sell Aster live order book, 1 min ago | 4.62 bp | 12.1 bp −$12 | 40.0 bp −$400 | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapest
InjectiveBingX0.6365+10.927%
Bybit0.6367+10.962%gTrade (Gains Network)0.6369+10.989%Extended0.6371+11.024%OKX0.6371+11.032%Gate0.6372+11.049%Nado0.6373+11.067%Popdex0.6374+11.084%Pacifica0.6374+11.092%Binance0.6375+11.101%MEXC0.6375+11.101%
Bybit
gTrade (Gains Network)
Extended
OKX
Gate
Nado
Popdex
Pacifica
Binance
MEXCAster0.6376+11.111%
Polymarket Perps0.6376+11.114%SoDEX0.6376+11.121%KuCoin0.6376+11.122%Lighter RH0.6377+11.128%Hyperliquid0.6379+11.176%Phemex0.6380+11.189%Lighter0.6380+11.192%Bitget0.6382+11.216%SunX0.6387+11.312%Orderly0.6390+11.354%Variational Omni0.6390+11.358%BloFin0.6390+11.363%edgeX0.6391+11.376%ApeX Omni0.6392+11.398%Phoenix0.6393+11.419%Aevo0.6402+11.581%HTX0.6405+11.623%
Polymarket Perps
SoDEX
KuCoin
Lighter RH
Hyperliquid
Phemex
Lighter
Bitget
SunX
Orderly
Variational Omni
BloFin
ApeX Omni
Phoenix
Aevo
HTXPONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −9.851% | +0.0033% | 1h | $590 | $15K | 5.5x | as long as short |
| BingX PONS-USDTlong | 0.000% | +0.0752% | 4h | — | $2.9M | — | |
| Bybit PONSUSDT | +0.031% | +0.0716% | 4h | $20.3M | $26.0M | 20x | as long as short |
| gTrade (Gains Network) PONS/USD | +0.056% | L +0.0032% / S −0.0030% | 1h | $234K | — | 150x | as long as short |
| Extended PONS-USD | +0.087% | +0.0720% | 1h | $227K | $407K | 5x | as long as short |
| OKX PONS-USDT-SWAP | +0.094% | +0.0238% | 4h | $15.3M | $57.6M | 20x | as long as short |
| Gate PONS_USDT | +0.110% | +0.1488% | 4h | $5.7M | $7.0M | 20x | as long as short |
| Nado PONS-PERP | +0.126% | +0.0851% | 1h | $117K | $64K | 5x | as long as short |
| Popdex PONSUSDT | +0.141% | +0.0096% | 1h | $20K | $475K | 20x | as long as short |
| Pacifica PONS | +0.149% | +0.0858% | 1h | $49K | $165K | 3x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance PONSUSDT | +0.157% | +0.0710% | 4h | $42.9M | $92.4M | 20x | as long as short |
| MEXC PONS_USDT | +0.157% | +0.0718% | 4h | $8.2M | $4.8M | 20x | as long as short |
| Aster PONSUSDTshort | +0.166% | +0.0465% | 4h | $1.1M | $2.2M | 20x | |
| Polymarket Perps PONS-USD | +0.168% | +0.0591% | 1h | $65K | $1.7M | 3x | as long as short |
| SoDEX PONS-USD | +0.174% | +0.0100% | 1h | $29K | $458K | 3x | as long as short |
| KuCoin PONSUSDTM | +0.176% | +0.0568% | 4h | $2.2M | $2.1M | 20x | as long as short |
| Lighter RH PONS | +0.181% | +0.0856% | 1h | $458K | $2.1M | 3x | as long as short |
| Hyperliquid PONS | +0.225% | +0.1168% | 1h | $64.7M | $25.1M | 3x | as long as short |
| Phemex PONSUSDT | +0.236% | +0.0100% | 4h | $1.8M | $3.4M | 20x | as long as short |
| Lighter PONS | +0.239% | +0.0768% | 1h | $1.8M | $724K | 3x | as long as short |
| Bitget PONSUSDT | +0.261% | +0.0778% | 4h | $5.1M | $10.2M | 20x | as long as short |
| SunX PONS-USDT | +0.347% | +0.0100% | 4h | — | $1.2M | 10x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.385% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| Variational Omni PONS | +0.389% | +0.0546% | 4h | $1.8M | $3.3M | — | as long as short |
| BloFin PONS-USDT | +0.393% | +0.0960% | 4h | $1.9M | $904K | 20x | as long as short |
| edgeX PONSUSDC | +0.405% | +0.0733% | 4h | $22K | $291K | 10x | as long as short |
| ApeX Omni PONSUSDT | +0.424% | +0.0100% | 1h | $40K | $320K | 5x | as long as short |
| Phoenix PONS | +0.443% | +0.1558% | 1h | $26K | $45K | 3x | as long as short |
| Aevo PONS-PERP | +0.589% | +0.0264% | 1h | $399 | — | 3x | as long as short |
| HTX PONS-USDT | +0.627% | +0.0100% | 4h | $67K | $491K | 20x | as long as short |