After costs, if the gap returns to its 7d average, $10k−$91
spread now+0.221%7d average−0.031%fees + slippage, in and out−$116spread needed1.161%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PONS-USDT | 0.6348 | 0.0710 | pay 0.0355% / 4h | 55m 14s | — | $2.9M | — |
| Short | Nado PONS-PERP | 0.6362 | 0.0624 | get 0.0078% / 1h | 55m 14s | $117K | $71K | 5x |
BingX PONS-USDT
Nado PONS-PERPPrice 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
- $22.05
- Funding while held
- −$2.59
- Slippage, 4 orders
- −$106.09
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Nado: 0 bp × 2 orders
- $0
- Net
- −$96.63
- Spread needed to break even
- 1.161%
Slippage from BingX: live order book, 1 min ago; Nado: live order book, 55 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0086%
- Per $10,000 a day
- −$2.59
- 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, 1 min ago | 0.79 bp | 10.2 bp −$10 | 23.2 bp −$232 | 246.5 bp −$24.6K | doesn't fit |
| Sell Nado live order book, 55 min ago | 13.93 bp | 50.9 bp −$51 | 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
ApeX Omni0.6326+10.251%Phoenix0.6343+10.549%edgeX0.6347+10.622%
Injective
ApeX Omni
PhoenixBingX0.6348+10.631%
Aster0.6349+10.648%Variational Omni0.6352+10.692%KuCoin0.6352+10.695%gTrade (Gains Network)0.6352+10.707%BloFin0.6353+10.718%Extended0.6353+10.725%OKX0.6354+10.735%Gate0.6354+10.735%Phemex0.6354+10.735%SoDEX0.6355+10.753%Bitget0.6355+10.756%Binance0.6356+10.770%Bybit0.6356+10.770%Lighter RH0.6357+10.788%MEXC0.6357+10.788%Polymarket Perps0.6359+10.821%Lighter0.6360+10.831%Aevo0.6360+10.831%Orderly0.6360+10.835%Popdex0.6361+10.857%
Aster
Variational Omni
KuCoin
gTrade (Gains Network)
BloFin
Extended
OKX
Gate
Phemex
SoDEX
Bitget
Binance
Bybit
Lighter RH
MEXC
Polymarket Perps
Lighter
Aevo
Orderly
PopdexNado0.6362+10.875%
Hyperliquid0.6363+10.898%SunX0.6365+10.934%Pacifica0.6367+10.964%HTX0.6368+10.974%
Hyperliquid
SunX
Pacifica
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 | −9.609% | +0.0033% | 1h | $590 | $15K | 5.5x | as long as short |
| ApeX Omni PONSUSDT | −0.343% | +0.0100% | 1h | $40K | $316K | 5x | as long as short |
| Phoenix PONS | −0.074% | +0.1489% | 1h | $26K | $51K | 3x | as long as short |
| edgeX PONSUSDC | −0.008% | +0.0645% | 4h | $22K | $287K | 10x | as long as short |
| BingX PONS-USDTlong | 0.000% | +0.0710% | 4h | — | $2.9M | — | |
| Aster PONSUSDT | +0.015% | +0.0418% | 4h | $1.1M | $2.2M | 20x | as long as short |
| Variational Omni PONS | +0.055% | +0.0573% | 4h | $1.8M | $3.4M | — | as long as short |
| KuCoin PONSUSDTM | +0.058% | +0.0560% | 4h | $1.9M | $2.9M | 20x | as long as short |
| gTrade (Gains Network) PONS/USD | +0.069% | L +0.0032% / S −0.0031% | 1h | $229K | — | 150x | as long as short |
| BloFin PONS-USDT | +0.079% | +0.0870% | 4h | $1.9M | $922K | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended PONS-USD | +0.085% | +0.0632% | 1h | $161K | $472K | 5x | as long as short |
| OKX PONS-USDT-SWAP | +0.095% | +0.0174% | 4h | $15.1M | $56.4M | 20x | as long as short |
| Gate PONS_USDT | +0.095% | +0.0294% | 4h | $5.7M | $6.8M | 20x | as long as short |
| Phemex PONSUSDT | +0.095% | +0.0100% | 4h | $1.8M | $3.4M | 20x | as long as short |
| SoDEX PONS-USD | +0.110% | +0.0100% | 1h | $28K | $475K | 3x | as long as short |
| Bitget PONSUSDT | +0.113% | +0.0580% | 4h | $5.0M | $10.7M | 20x | as long as short |
| Binance PONSUSDT | +0.126% | +0.0630% | 4h | $42.6M | $93.4M | 20x | as long as short |
| Bybit PONSUSDT | +0.126% | +0.0757% | 4h | $20.7M | $26.8M | 20x | as long as short |
| Lighter RH PONS | +0.142% | +0.0144% | 1h | $445K | $2.1M | 3x | as long as short |
| MEXC PONS_USDT | +0.142% | +0.0622% | 4h | $8.2M | $4.9M | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.172% | +0.0645% | 1h | $78K | $1.8M | 3x | as long as short |
| Lighter PONS | +0.181% | +0.1664% | 1h | $1.8M | $710K | 3x | as long as short |
| Aevo PONS-PERP | +0.181% | +0.0240% | 1h | $396 | — | 3x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.184% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| Popdex PONSUSDT | +0.205% | +0.0096% | 1h | $20K | $471K | 20x | as long as short |
| Nado PONS-PERPshort | +0.221% | +0.0624% | 1h | $117K | $71K | 5x | |
| Hyperliquid PONS | +0.241% | +0.1203% | 1h | $64.9M | $26.1M | 3x | as long as short |
| SunX PONS-USDT | +0.274% | +0.0100% | 4h | — | $1.3M | 10x | as long as short |
| Pacifica PONS | +0.301% | +0.0472% | 1h | $49K | $166K | 3x | as long as short |
| HTX PONS-USDT | +0.310% | +0.0100% | 4h | $66K | $493K | 20x | as long as short |