After costs, if the gap returns to its 7d average, $10k−$93
spread now+0.126%7d average−0.033%fees + slippage, in and out−$109spread needed1.090%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PONS-USDT | 0.6356 | 0.0710 | pay 0.0355% / 4h | 55m 39s | — | $2.9M | — |
| Short | Phemex PONSUSDT | 0.6364 | 0.0100 | get 0.0050% / 4h | 55m 39s | $1.8M | $3.4M | 20x |
BingX PONS-USDT
Phemex 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
- $12.59
- Funding while held
- −$18.3
- Slippage, 4 orders
- −$86.98
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$114.69
- Spread needed to break even
- 1.090%
Slippage from BingX: live order book, 16 min ago; Phemex: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0610%
- Per $10,000 a day
- −$18.30
- 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, 16 min ago | 0.79 bp | 10.0 bp −$10 | 27.0 bp −$270 | 283.6 bp −$28.4K | doesn't fit |
| Sell Phemex live order book, 4 min ago | 6.30 bp | 47.1 bp −$47 | 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 Omni0.6335+10.404%BloFin0.6335+10.404%Phoenix0.6342+10.523%edgeX0.6347+10.622%gTrade (Gains Network)0.6348+10.626%Variational Omni0.6352+10.692%Aster0.6352+10.708%Aevo0.6355+10.746%Popdex0.6355+10.753%
Injective
ApeX Omni
BloFin
Phoenix
gTrade (Gains Network)
Variational Omni
Aster
Aevo
PopdexBingX0.6356+10.770%
Orderly0.6360+10.831%OKX0.6360+10.840%Polymarket Perps0.6361+10.850%Nado0.6361+10.857%Lighter RH0.6362+10.873%Bybit0.6362+10.875%Lighter0.6363+10.885%Bitget0.6363+10.892%HTX0.6363+10.892%Extended0.6364+10.901%SunX0.6364+10.906%KuCoin0.6364+10.910%
Orderly
OKX
Polymarket Perps
Nado
Lighter RH
Bybit
Lighter
Bitget
HTX
Extended
SunX
KuCoinPhemex0.6364+10.910%
Gate0.6365+10.927%MEXC0.6365+10.927%Hyperliquid0.6365+10.932%SoDEX0.6367+10.953%Pacifica0.6367+10.964%Binance0.6368+10.979%
Gate
MEXC
Hyperliquid
SoDEX
Pacifica
BinancePONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −9.723% | +0.0033% | 1h | $590 | $15K | 5.5x | as long as short |
| ApeX Omni PONSUSDT | −0.330% | +0.0100% | 1h | $40K | $316K | 5x | as long as short |
| BloFin PONS-USDT | −0.330% | +0.0870% | 4h | $1.9M | $917K | 20x | as long as short |
| Phoenix PONS | −0.223% | +0.1767% | 1h | $26K | $45K | 3x | as long as short |
| edgeX PONSUSDC | −0.134% | +0.0645% | 4h | $22K | $287K | 10x | as long as short |
| gTrade (Gains Network) PONS/USD | −0.130% | L +0.0032% / S −0.0031% | 1h | $229K | — | 150x | as long as short |
| Variational Omni PONS | −0.071% | +0.0573% | 4h | $1.8M | $3.4M | — | as long as short |
| Aster PONSUSDT | −0.056% | +0.0418% | 4h | $1.1M | $2.2M | 20x | as long as short |
| Aevo PONS-PERP | −0.022% | +0.0240% | 1h | $396 | — | 3x | as long as short |
| Popdex PONSUSDT | −0.016% | +0.0096% | 1h | $20K | $471K | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BingX PONS-USDTlong | 0.000% | +0.0710% | 4h | — | $2.9M | — | |
| Orderly PERP_PONS_USDC_mythos | +0.055% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| OKX PONS-USDT-SWAP | +0.063% | +0.0174% | 4h | $15.1M | $56.4M | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.072% | +0.0740% | 1h | $78K | $1.8M | 3x | as long as short |
| Nado PONS-PERP | +0.079% | +0.0602% | 1h | $117K | $71K | 5x | as long as short |
| Lighter RH PONS | +0.093% | +0.0160% | 1h | $446K | $2.1M | 3x | as long as short |
| Bybit PONSUSDT | +0.094% | +0.0760% | 4h | $20.7M | $26.9M | 20x | as long as short |
| Lighter PONS | +0.104% | +0.1664% | 1h | $1.8M | $710K | 3x | as long as short |
| Bitget PONSUSDT | +0.110% | +0.0582% | 4h | $5.0M | $10.7M | 20x | as long as short |
| HTX PONS-USDT | +0.110% | +0.0100% | 4h | $66K | $493K | 20x | as long as short |
| Extended PONS-USD | +0.118% | +0.0624% | 1h | $161K | $472K | 5x | as long as short |
| SunX PONS-USDT | +0.123% | +0.0100% | 4h | — | $1.3M | 10x | as long as short |
| KuCoin PONSUSDTM | +0.126% | +0.0558% | 4h | $1.9M | $2.8M | 20x | as long as short |
| Phemex PONSUSDTshort | +0.126% | +0.0100% | 4h | $1.8M | $3.4M | 20x | |
| Gate PONS_USDT | +0.142% | +0.0314% | 4h | $5.7M | $6.8M | 20x | as long as short |
| MEXC PONS_USDT | +0.142% | +0.0628% | 4h | $8.2M | $4.9M | 20x | as long as short |
| Hyperliquid PONS | +0.146% | +0.1177% | 1h | $64.9M | $26.1M | 3x | as long as short |
| SoDEX PONS-USD | +0.165% | +0.0100% | 1h | $29K | $475K | 3x | as long as short |
| Pacifica PONS | +0.175% | +0.0472% | 1h | $49K | $166K | 3x | as long as short |
| Binance PONSUSDT | +0.189% | +0.0630% | 4h | $42.7M | $93.5M | 20x | as long as short |