data as of
Settings8H · net · $10k
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Price arb /

PONS

all PONS markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$50
spread now−0.017%7d average−0.019%fees + slippage, in and out−$50spread needed0.499%
Long on BingXShort on Binance
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX PONS-USDT0.58550.0252pay 0.0126% / 4h59m 08s—$3.2M—
ShortBinance PONSUSDT0.58540.0247get 0.0123% / 4h59m 08s$37.8M$99.1M20x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$1.71
Funding while held
−$0.16
Slippage, 4 orders
−$29.94
Fee BingX: 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
−$51.81
Spread needed to break even
0.499%
Slippage from BingX: live order book, 12 min ago; Binance: live order book, 15 min ago.

Cost of waiting

funding view
Funding /8h
−0.0005%
Per $10,000 a day
−$0.16
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 12 min ago2.56 bp11.7 bp −$1231.4 bp −$314496.5 bp −$49.6Kdoesn't fit
Sell Binance live order book, 15 min ago0.85 bp14.9 bp −$1545.9 bp −$459239.4 bp −$23.9Kdoesn't fit

PONS price on every exchange

against the cheapest. Click to use as the short leg.
gTrade (Gains Network)0.5846cheapestAster0.5848+0.026%Pacifica0.5848+0.035%Bybit0.5848+0.035%Phemex0.5848+0.035%KuCoin0.5848+0.038%Phoenix0.5849+0.050%SunX0.5849+0.053%Polymarket Perps0.5849+0.060%Nado0.5850+0.075%Extended0.5851+0.084%OKX0.5851+0.086%Popdex0.5851+0.086%Aevo0.5852+0.096%MEXC0.5852+0.103%BloFin0.5852+0.103%Lighter RH0.5853+0.118%Bitget0.5854+0.134%
Binance0.5854+0.137%
SoDEX0.5854+0.137%Hyperliquid0.5855+0.147%Gate0.5855+0.154%
BingX0.5855+0.154%
Orderly0.5857+0.180%edgeX0.5859+0.221%Lighter0.5859+0.226%Injective0.5863+0.289%HTX0.5865+0.319%Variational Omni0.5870+0.405%ApeX Omni0.5881+0.599%

PONS on 30 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
gTrade (Gains Network) PONS/USD−0.154%L +0.0032% / S −0.0032%1h$211K—150xas long as short
Aster PONSUSDT−0.128%+0.0117%4h$1.1M$2.1M20xas long as short
Pacifica PONS−0.120%+0.0157%1h$46K$115K3xas long as short
Bybit PONSUSDT−0.120%+0.0100%4h$17.3M$31.2M20xas long as short
Phemex PONSUSDT−0.120%+0.0100%4h$1.7M$3.3M20xas long as short
KuCoin PONSUSDTM−0.116%+0.0100%4h$1.7M$3.5M20xas long as short
Phoenix PONS−0.104%+0.1299%1h$27K$70K3xas long as short
SunX PONS-USDT−0.101%+0.0100%4h—$1.4M10xas long as short
Polymarket Perps PONS-USD−0.094%+0.0886%1h$53K$1.8M3xas long as short
Nado PONS-PERP−0.079%+0.0100%1h$72K$95K5xas long as short
Show all 30 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Extended PONS-USD−0.071%+0.0248%1h$87K$535K5xas long as short
OKX PONS-USDT-SWAP−0.068%+0.0174%4h$13.0M$55.5M20xas long as short
Popdex PONSUSDT−0.068%+0.0096%1h$20K$498K20xas long as short
Aevo PONS-PERP−0.058%+0.0144%1h$365—3xas long as short
MEXC PONS_USDT−0.051%+0.0246%4h$7.1M$5.2M20xas long as short
BloFin PONS-USDT−0.051%+0.0487%4h$1.7M$965K20xas long as short
Lighter RH PONS−0.036%+0.0096%1h$417K$2.3M3xas long as short
Bitget PONSUSDT−0.020%+0.0146%4h$4.6M$11.5M20xas long as short
Binance PONSUSDTshort−0.017%+0.0247%4h$37.8M$99.1M20x
SoDEX PONS-USD−0.017%+0.0100%1h$27K$536K3xas long as short
Hyperliquid PONS−0.007%+0.0100%1h$58.3M$29.9M3xas long as short
Gate PONS_USDT0.000%−0.0016%4h$5.2M$7.1M20xas long as short
BingX PONS-USDTlong0.000%+0.0252%4h—$3.2M—
Orderly PERP_PONS_USDC_mythos+0.026%+0.0100%4h$2K$3K10xas long as short
edgeX PONSUSDC+0.067%+0.0268%4h$20K$294K10xas long as short
Lighter PONS+0.072%+0.0880%1h$1.7M$867K3xas long as short
Injective PONS/USDC PERP+0.135%−0.0008%1h$603$6K5.5xas long as short
HTX PONS-USDT+0.164%+0.0100%4h$63K$503K20xas long as short
Variational Omni PONS+0.250%+0.0100%4h$1.2M$4.1M—as long as short
ApeX Omni PONSUSDT+0.444%+0.0100%1h$34K$315K5xas long as short