After costs, if the gap returns to its 7d average, $10k−$61
spread now+0.043%7d average−0.043%fees + slippage, in and out−$70spread needed0.698%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PONS-USDT | 0.5856 | 0.0258 | pay 0.0129% / 4h | 1h 22m | — | $3.2M | — |
| Short | KuCoin PONSUSDTM | 0.5858 | 0.0100 | get 0.0050% / 4h | 1h 22m | $1.7M | $3.5M | 20x |
BingX PONS-USDT
KuCoin PONSUSDTMPrice 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
- $4.27
- Funding while held
- −$4.74
- Slippage, 4 orders
- −$47.83
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$70.3
- Spread needed to break even
- 0.698%
Slippage from BingX: live order book, 4 min ago; KuCoin: live order book, 11 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0158%
- Per $10,000 a day
- −$4.74
- 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, 4 min ago | 0.86 bp | 9.4 bp −$9 | 22.3 bp −$223 | 237.9 bp −$23.8K | doesn't fit |
| Sell KuCoin live order book, 11 min ago | 3.70 bp | 26.5 bp −$26 | 103.1 bp −$1,031 | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapestPhoenix0.5836+1.701%gTrade (Gains Network)0.5839+1.755%BloFin0.5840+1.778%HTX0.5841+1.788%Phemex0.5841+1.795%edgeX0.5843+1.822%SunX0.5843+1.823%Nado0.5844+1.844%Popdex0.5845+1.865%Polymarket Perps0.5845+1.868%Aevo0.5846+1.889%ApeX Omni0.5847+1.893%SoDEX0.5847+1.907%Aster0.5850+1.960%Orderly0.5851+1.964%Pacifica0.5852+1.990%Variational Omni0.5855+2.035%Gate0.5855+2.039%OKX0.5856+2.056%
Injective
Phoenix
gTrade (Gains Network)
BloFin
HTX
Phemex
SunX
Nado
Popdex
Polymarket Perps
Aevo
ApeX Omni
SoDEX
Aster
Orderly
Pacifica
Variational Omni
Gate
OKXBingX0.5856+2.056%
Binance0.5857+2.074%Bybit0.5857+2.074%Extended0.5858+2.087%
Binance
Bybit
ExtendedKuCoin0.5858+2.100%
Lighter RH0.5859+2.102%Bitget0.5860+2.119%Hyperliquid0.5862+2.154%MEXC0.5862+2.161%Lighter0.5865+2.217%
Lighter RH
Bitget
Hyperliquid
MEXC
LighterPONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −2.015% | +0.0033% | 1h | $590 | $3K | 5.5x | as long as short |
| Phoenix PONS | −0.348% | +0.1299% | 1h | $24K | $70K | 3x | as long as short |
| gTrade (Gains Network) PONS/USD | −0.295% | L +0.0032% / S −0.0032% | 1h | $211K | — | 150x | as long as short |
| BloFin PONS-USDT | −0.273% | +0.0490% | 4h | $1.7M | $969K | 20x | as long as short |
| HTX PONS-USDT | −0.263% | +0.0100% | 4h | $62K | $500K | 20x | as long as short |
| Phemex PONSUSDT | −0.256% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
| edgeX PONSUSDC | −0.230% | +0.0269% | 4h | $20K | $292K | 10x | as long as short |
| SunX PONS-USDT | −0.229% | +0.0100% | 4h | — | $1.3M | 10x | as long as short |
| Nado PONS-PERP | −0.208% | +0.0100% | 1h | $72K | $94K | 5x | as long as short |
| Popdex PONSUSDT | −0.188% | +0.0096% | 1h | $20K | $512K | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Polymarket Perps PONS-USD | −0.184% | +0.0430% | 1h | $65K | $1.8M | 3x | as long as short |
| Aevo PONS-PERP | −0.164% | +0.0144% | 1h | $364 | — | 3x | as long as short |
| ApeX Omni PONSUSDT | −0.161% | +0.0100% | 1h | $34K | $318K | 5x | as long as short |
| SoDEX PONS-USD | −0.147% | +0.0100% | 1h | $27K | $535K | 3x | as long as short |
| Aster PONSUSDT | −0.094% | +0.0100% | 4h | $1.1M | $2.1M | 20x | as long as short |
| Orderly PERP_PONS_USDC_mythos | −0.091% | +0.0100% | 4h | $2K | $3K | 10x | as long as short |
| Pacifica PONS | −0.065% | +0.0157% | 1h | $46K | $116K | 3x | as long as short |
| Variational Omni PONS | −0.021% | +0.0100% | 4h | $1.2M | $4.2M | — | as long as short |
| Gate PONS_USDT | −0.017% | −0.0146% | 4h | $5.2M | $7.3M | 20x | as long as short |
| OKX PONS-USDT-SWAP | 0.000% | +0.0178% | 4h | $13.0M | $55.6M | 20x | as long as short |
| BingX PONS-USDTlong | 0.000% | +0.0258% | 4h | — | $3.2M | — | |
| Binance PONSUSDT | +0.017% | +0.0252% | 4h | $37.8M | $99.3M | 20x | as long as short |
| Bybit PONSUSDT | +0.017% | +0.0105% | 4h | $17.2M | $31.3M | 20x | as long as short |
| Extended PONS-USD | +0.030% | +0.0248% | 1h | $87K | $541K | 5x | as long as short |
| KuCoin PONSUSDTMshort | +0.043% | +0.0100% | 4h | $1.7M | $3.5M | 20x | |
| Lighter RH PONS | +0.044% | +0.0184% | 1h | $419K | $2.4M | 3x | as long as short |
| Bitget PONSUSDT | +0.061% | +0.0142% | 4h | $4.6M | $11.6M | 20x | as long as short |
| Hyperliquid PONS | +0.096% | +0.0100% | 1h | $58.3M | $29.8M | 3x | as long as short |
| MEXC PONS_USDT | +0.102% | +0.0248% | 4h | $7.1M | $5.4M | 20x | as long as short |
| Lighter PONS | +0.157% | +0.0992% | 1h | $1.7M | $871K | 3x | as long as short |