After costs, if the gap returns to its 7d average, $10k−$219
spread now+0.017%7d average−0.018%fees + slippage, in and out−$223spread needed2.228%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PONS-USDT | 0.5825 | 0.0266 | pay 0.0133% / 4h | 1h 32m | — | $3.3M | — |
| Short | Popdex PONSUSDT | 0.5826 | 0.0096 | get 0.0012% / 1h | 32m 02s | $20K | $512K | 20x |
BingX PONS-USDT
Popdex 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
- $1.72
- Funding while held
- −$5.1
- Slippage, 4 orders
- −$206.36
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$226.14
- Spread needed to break even
- 2.228%
Slippage from BingX: live order book, 9 min ago; Popdex: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0170%
- Per $10,000 a day
- −$5.10
- 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, 9 min ago | 0.86 bp | 10.6 bp −$11 | 29.1 bp −$291 | 379.6 bp −$38.0K | doesn't fit |
| Sell Popdex live order book, 3 min ago | 4.89 bp | 92.5 bp −$93 | doesn't fit | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapestBloFin0.5817+1.377%Aster0.5817+1.379%HTX0.5817+1.386%gTrade (Gains Network)0.5819+1.410%Aevo0.5823+1.477%Bitget0.5824+1.495%MEXC0.5824+1.499%Lighter RH0.5824+1.501%KuCoin0.5824+1.502%SunX0.5824+1.506%edgeX0.5824+1.507%Pacifica0.5825+1.514%Nado0.5825+1.516%Gate0.5825+1.516%
Injective
BloFin
Aster
HTX
gTrade (Gains Network)
Aevo
Bitget
MEXC
Lighter RH
KuCoin
SunX
Pacifica
Nado
GateBingX0.5825+1.516%
Phemex0.5825+1.516%Hyperliquid0.5826+1.528%SoDEX0.5826+1.532%Bybit0.5826+1.534%
Phemex
Hyperliquid
SoDEX
BybitPopdex0.5826+1.534%
Polymarket Perps0.5827+1.551%Orderly0.5827+1.558%Extended0.5828+1.563%Phoenix0.5828+1.563%OKX0.5828+1.568%Binance0.5828+1.573%Lighter0.5831+1.628%ApeX Omni0.5834+1.668%Variational Omni0.5835+1.685%
Polymarket Perps
Orderly
Extended
Phoenix
OKX
Binance
Lighter
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 | −1.494% | +0.0033% | 1h | $590 | $3K | 5.5x | as long as short |
| BloFin PONS-USDT | −0.137% | +0.0499% | 4h | $1.7M | $972K | 20x | as long as short |
| Aster PONSUSDT | −0.135% | +0.0100% | 4h | $1.1M | $2.1M | 20x | as long as short |
| HTX PONS-USDT | −0.129% | +0.0100% | 4h | $61K | $500K | 20x | as long as short |
| gTrade (Gains Network) PONS/USD | −0.105% | L +0.0032% / S −0.0032% | 1h | $210K | — | 150x | as long as short |
| Aevo PONS-PERP | −0.039% | +0.0144% | 1h | $363 | — | 3x | as long as short |
| Bitget PONSUSDT | −0.021% | +0.0136% | 4h | $4.6M | $11.6M | 20x | as long as short |
| MEXC PONS_USDT | −0.017% | +0.0258% | 4h | $7.0M | $5.3M | 20x | as long as short |
| Lighter RH PONS | −0.015% | +0.0312% | 1h | $414K | $2.4M | 3x | as long as short |
| KuCoin PONSUSDTM | −0.014% | +0.0100% | 4h | $1.7M | $3.5M | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SunX PONS-USDT | −0.010% | +0.0100% | 4h | — | $1.3M | 10x | as long as short |
| edgeX PONSUSDC | −0.009% | +0.0277% | 4h | $20K | $293K | 10x | as long as short |
| Pacifica PONS | −0.002% | +0.0157% | 1h | $46K | $116K | 3x | as long as short |
| Nado PONS-PERP | 0.000% | +0.0100% | 1h | $72K | $94K | 5x | as long as short |
| Gate PONS_USDT | 0.000% | −0.0162% | 4h | $5.2M | $7.2M | 20x | as long as short |
| BingX PONS-USDTlong | 0.000% | +0.0266% | 4h | — | $3.3M | — | |
| Phemex PONSUSDT | 0.000% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
| Hyperliquid PONS | +0.012% | +0.0100% | 1h | $58.0M | $29.8M | 3x | as long as short |
| SoDEX PONS-USD | +0.015% | +0.0100% | 1h | $26K | $534K | 3x | as long as short |
| Bybit PONSUSDT | +0.017% | +0.0100% | 4h | $16.9M | $31.2M | 20x | as long as short |
| Popdex PONSUSDTshort | +0.017% | +0.0096% | 1h | $20K | $512K | 20x | |
| Polymarket Perps PONS-USD | +0.034% | +0.0427% | 1h | $72K | $1.8M | 3x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.041% | +0.0100% | 4h | $2K | $3K | 10x | as long as short |
| Extended PONS-USD | +0.046% | +0.0256% | 1h | $87K | $542K | 5x | as long as short |
| Phoenix PONS | +0.046% | +0.1299% | 1h | $24K | $70K | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.052% | +0.0174% | 4h | $12.9M | $55.4M | 20x | as long as short |
| Binance PONSUSDT | +0.056% | +0.0253% | 4h | $37.6M | $99.3M | 20x | as long as short |
| Lighter PONS | +0.110% | +0.0920% | 1h | $1.7M | $868K | 3x | as long as short |
| ApeX Omni PONSUSDT | +0.149% | +0.0100% | 1h | $34K | $317K | 5x | as long as short |
| Variational Omni PONS | +0.167% | +0.0100% | 4h | $1.3M | $4.1M | — | as long as short |