After costs, if the gap returns to its 7d average, $10k−$39
spread now+0.086%7d average+0.027%fees + slippage, in and out−$45spread needed0.445%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PONS-USDT | 0.5812 | 0.0262 | pay 0.0131% / 4h | 1h 33m | — | $3.3M | — |
| Short | BloFin PONS-USDT | 0.5817 | 0.0499 | get 0.0249% / 4h | 1h 33m | $1.7M | $972K | 20x |
BingX PONS-USDT
BloFin PONS-USDTPrice 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
- $8.6
- Funding while held
- $7.1
- Slippage, 4 orders
- −$22.53
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$28.83
- Spread needed to break even
- 0.445%
Slippage from BingX: live order book, 8 min ago; BloFin: live order book, 6 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0237%
- Per $10,000 a day
- +$7.10
- 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, 8 min ago | 0.86 bp | 10.6 bp −$11 | 29.1 bp −$291 | 379.6 bp −$38.0K | doesn't fit |
| Sell BloFin live order book, 6 min ago | 2.57 bp | 12.8 bp −$13 | 37.3 bp −$373 | 117.6 bp −$11.8K | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapestgTrade (Gains Network)0.5807+1.197%Aster0.5809+1.239%Binance0.5809+1.240%Bybit0.5810+1.255%KuCoin0.5810+1.260%Popdex0.5812+1.290%MEXC0.5812+1.290%
Injective
gTrade (Gains Network)
Aster
Binance
Bybit
KuCoin
Popdex
MEXCBingX0.5812+1.290%
SoDEX0.5812+1.290%Lighter RH0.5813+1.300%SunX0.5813+1.305%Pacifica0.5813+1.307%OKX0.5813+1.307%Polymarket Perps0.5813+1.307%Hyperliquid0.5814+1.319%Nado0.5814+1.320%Phemex0.5814+1.325%Bitget0.5814+1.326%Aevo0.5814+1.333%Extended0.5815+1.334%Gate0.5816+1.359%
SoDEX
Lighter RH
SunX
Pacifica
OKX
Polymarket Perps
Hyperliquid
Nado
Phemex
Bitget
Aevo
Extended
GateBloFin0.5817+1.377%
Lighter0.5819+1.412%Orderly0.5820+1.433%edgeX0.5824+1.507%HTX0.5825+1.518%Phoenix0.5828+1.563%ApeX Omni0.5834+1.668%Variational Omni0.5835+1.685%
Lighter
Orderly
HTX
Phoenix
ApeX Omni
Variational OmniPONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −1.273% | +0.0033% | 1h | $590 | $3K | 5.5x | as long as short |
| gTrade (Gains Network) PONS/USD | −0.091% | L +0.0032% / S −0.0032% | 1h | $210K | — | 150x | as long as short |
| Aster PONSUSDT | −0.050% | +0.0100% | 4h | $1.1M | $2.1M | 20x | as long as short |
| Binance PONSUSDT | −0.049% | +0.0259% | 4h | $37.5M | $99.3M | 20x | as long as short |
| Bybit PONSUSDT | −0.034% | +0.0100% | 4h | $16.9M | $31.2M | 20x | as long as short |
| KuCoin PONSUSDTM | −0.029% | +0.0100% | 4h | $1.7M | $3.5M | 20x | as long as short |
| Popdex PONSUSDT | 0.000% | +0.0096% | 1h | $20K | $512K | 20x | as long as short |
| MEXC PONS_USDT | 0.000% | +0.0264% | 4h | $7.0M | $5.3M | 20x | as long as short |
| BingX PONS-USDTlong | 0.000% | +0.0262% | 4h | — | $3.3M | — | |
| SoDEX PONS-USD | 0.000% | +0.0100% | 1h | $26K | $534K | 3x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Lighter RH PONS | +0.010% | +0.0312% | 1h | $413K | $2.4M | 3x | as long as short |
| SunX PONS-USDT | +0.015% | +0.0100% | 4h | — | $1.3M | 10x | as long as short |
| Pacifica PONS | +0.017% | +0.0157% | 1h | $46K | $116K | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.017% | +0.0173% | 4h | $12.9M | $55.3M | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.017% | +0.0417% | 1h | $72K | $1.8M | 3x | as long as short |
| Hyperliquid PONS | +0.029% | +0.0100% | 1h | $57.8M | $29.8M | 3x | as long as short |
| Nado PONS-PERP | +0.030% | +0.0100% | 1h | $72K | $94K | 5x | as long as short |
| Phemex PONSUSDT | +0.034% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
| Bitget PONSUSDT | +0.036% | +0.0134% | 4h | $4.6M | $11.6M | 20x | as long as short |
| Aevo PONS-PERP | +0.042% | +0.0144% | 1h | $362 | — | 3x | as long as short |
| Extended PONS-USD | +0.044% | +0.0256% | 1h | $87K | $542K | 5x | as long as short |
| Gate PONS_USDT | +0.069% | −0.0158% | 4h | $5.2M | $7.2M | 20x | as long as short |
| BloFin PONS-USDTshort | +0.086% | +0.0499% | 4h | $1.7M | $972K | 20x | |
| Lighter PONS | +0.120% | +0.0904% | 1h | $1.7M | $868K | 3x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.141% | +0.0100% | 4h | $2K | $3K | 10x | as long as short |
| edgeX PONSUSDC | +0.215% | +0.0277% | 4h | $20K | $293K | 10x | as long as short |
| HTX PONS-USDT | +0.225% | +0.0100% | 4h | $61K | $500K | 20x | as long as short |
| Phoenix PONS | +0.270% | +0.1299% | 1h | $24K | $70K | 3x | as long as short |
| ApeX Omni PONSUSDT | +0.373% | +0.0100% | 1h | $34K | $317K | 5x | as long as short |
| Variational Omni PONS | +0.391% | +0.0100% | 4h | $1.3M | $4.1M | — | as long as short |