After costs, if the gap returns to its 7d average, $10k−$37
spread now+0.133%7d average+0.007%fees + slippage, in and out−$49spread needed0.492%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PONS-USDT | 0.6375 | 0.0752 | pay 0.0376% / 4h | 1h 58m | — | $2.9M | — |
| Short | Bitget PONSUSDT | 0.6383 | 0.0778 | get 0.0389% / 4h | 1h 58m | $5.1M | $10.2M | 20x |
BingX PONS-USDT
Bitget 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
- $13.33
- Funding while held
- $0.78
- Slippage, 4 orders
- −$27.19
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$35.08
- Spread needed to break even
- 0.492%
Slippage from BingX: live order book, 13 min ago; Bitget: live order book, 2 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0026%
- Per $10,000 a day
- +$0.78
- 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 Bitget live order book, 2 min ago | 0.55 bp | 13.2 bp −$13 | 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
Aster0.6371+11.033%gTrade (Gains Network)0.6372+11.054%Nado0.6373+11.067%Popdex0.6374+11.084%Pacifica0.6374+11.092%
Injective
Aster
gTrade (Gains Network)
Nado
Popdex
PacificaBingX0.6375+11.101%
Polymarket Perps0.6376+11.114%Lighter RH0.6377+11.128%Gate0.6378+11.154%MEXC0.6378+11.154%Phemex0.6378+11.154%OKX0.6379+11.171%Hyperliquid0.6379+11.176%Extended0.6380+11.183%Lighter0.6380+11.192%Bybit0.6382+11.223%KuCoin0.6382+11.229%Binance0.6382+11.231%SoDEX0.6383+11.241%
Polymarket Perps
Lighter RH
Gate
MEXC
Phemex
OKX
Hyperliquid
Extended
Lighter
Bybit
KuCoin
Binance
SoDEXBitget0.6383+11.250%
SunX0.6385+11.276%Orderly0.6387+11.307%Variational Omni0.6390+11.358%BloFin0.6390+11.363%edgeX0.6391+11.376%ApeX Omni0.6392+11.398%Phoenix0.6393+11.419%HTX0.6397+11.488%Aevo0.6408+11.670%
SunX
Orderly
Variational Omni
BloFin
ApeX Omni
Phoenix
HTX
AevoPONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −9.992% | +0.0033% | 1h | $590 | $15K | 5.5x | as long as short |
| Aster PONSUSDT | −0.061% | +0.0465% | 4h | $1.1M | $2.2M | 20x | as long as short |
| gTrade (Gains Network) PONS/USD | −0.043% | L +0.0032% / S −0.0030% | 1h | $234K | — | 150x | as long as short |
| Nado PONS-PERP | −0.031% | +0.0851% | 1h | $117K | $64K | 5x | as long as short |
| Popdex PONSUSDT | −0.016% | +0.0096% | 1h | $20K | $475K | 20x | as long as short |
| Pacifica PONS | −0.008% | +0.0858% | 1h | $49K | $165K | 3x | as long as short |
| BingX PONS-USDTlong | 0.000% | +0.0752% | 4h | — | $2.9M | — | |
| Polymarket Perps PONS-USD | +0.011% | +0.0591% | 1h | $65K | $1.7M | 3x | as long as short |
| Lighter RH PONS | +0.024% | +0.0856% | 1h | $458K | $2.1M | 3x | as long as short |
| Gate PONS_USDT | +0.047% | +0.1488% | 4h | $5.7M | $7.0M | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| MEXC PONS_USDT | +0.047% | +0.0718% | 4h | $8.2M | $4.8M | 20x | as long as short |
| Phemex PONSUSDT | +0.047% | +0.0100% | 4h | $1.8M | $3.4M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.063% | +0.0238% | 4h | $15.3M | $57.7M | 20x | as long as short |
| Hyperliquid PONS | +0.067% | +0.1168% | 1h | $64.7M | $25.1M | 3x | as long as short |
| Extended PONS-USD | +0.073% | +0.0712% | 1h | $227K | $407K | 5x | as long as short |
| Lighter PONS | +0.082% | +0.0768% | 1h | $1.8M | $724K | 3x | as long as short |
| Bybit PONSUSDT | +0.110% | +0.0716% | 4h | $20.4M | $26.0M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.115% | +0.0578% | 4h | $2.2M | $2.1M | 20x | as long as short |
| Binance PONSUSDT | +0.117% | +0.0710% | 4h | $43.0M | $92.4M | 20x | as long as short |
| SoDEX PONS-USD | +0.125% | +0.0100% | 1h | $29K | $458K | 3x | as long as short |
| Bitget PONSUSDTshort | +0.133% | +0.0778% | 4h | $5.1M | $10.2M | 20x | |
| SunX PONS-USDT | +0.157% | +0.0100% | 4h | — | $1.2M | 10x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.185% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| Variational Omni PONS | +0.231% | +0.0546% | 4h | $1.8M | $3.3M | — | as long as short |
| BloFin PONS-USDT | +0.235% | +0.0960% | 4h | $1.9M | $904K | 20x | as long as short |
| edgeX PONSUSDC | +0.247% | +0.0733% | 4h | $22K | $291K | 10x | as long as short |
| ApeX Omni PONSUSDT | +0.267% | +0.0100% | 1h | $40K | $320K | 5x | as long as short |
| Phoenix PONS | +0.285% | +0.1558% | 1h | $26K | $45K | 3x | as long as short |
| HTX PONS-USDT | +0.348% | +0.0100% | 4h | $67K | $491K | 20x | as long as short |
| Aevo PONS-PERP | +0.512% | +0.0264% | 1h | $399 | — | 3x | as long as short |