After costs, if the gap returns to its 7d average, $10k−$303
spread now−0.185%7d average−0.033%fees + slippage, in and out−$288spread needed2.881%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget PONSUSDT | 0.6276 | 0.0382 | pay 0.0191% / 4h | 6m 39s | $4.9M | $10.8M | 20x |
| Short | HTX PONS-USDT | 0.6265 | 0.0100 | get 0.0050% / 4h | 6m 39s | $67K | $493K | 20x |
Bitget PONSUSDT
HTX 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
- −$18.48
- Funding while held
- −$8.46
- Slippage, 4 orders
- −$264.1
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$315.04
- Spread needed to break even
- 2.881%
Slippage from Bitget: live order book, 3 min ago; HTX: live order book, 43 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0282%
- Per $10,000 a day
- −$8.46
- 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 Bitget live order book, 3 min ago | 3.13 bp | 18.9 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
| Sell HTX live order book, 43 min ago | 34.77 bp | 170.1 bp −$170 | 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
Variational Omni0.6217+8.352%Phoenix0.6218+8.362%edgeX0.6220+8.396%ApeX Omni0.6221+8.425%OKX0.6250+8.923%gTrade (Gains Network)0.6252+8.955%Bybit0.6252+8.958%Aevo0.6252+8.963%KuCoin0.6253+8.968%MEXC0.6254+8.993%Phemex0.6255+9.010%Binance0.6259+9.078%Popdex0.6259+9.080%BloFin0.6259+9.080%SunX0.6259+9.087%Polymarket Perps0.6260+9.101%Orderly0.6260+9.104%Nado0.6262+9.132%Pacifica0.6264+9.174%
Injective
Variational Omni
Phoenix
ApeX Omni
OKX
gTrade (Gains Network)
Bybit
Aevo
KuCoin
MEXC
Phemex
Binance
Popdex
BloFin
SunX
Polymarket Perps
Orderly
Nado
PacificaHTX0.6265+9.177%
SoDEX0.6270+9.270%BingX0.6271+9.289%Extended0.6271+9.292%Aster0.6274+9.337%
SoDEX
BingX
Extended
AsterBitget0.6276+9.380%
Lighter RH0.6279+9.430%Gate0.6280+9.446%Hyperliquid0.6282+9.481%Lighter0.6283+9.496%
Lighter RH
Gate
Hyperliquid
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 | −8.575% | +0.0033% | 1h | $590 | $15K | 5.5x | as long as short |
| Variational Omni PONS | −0.940% | +0.0537% | 4h | $1.7M | $3.5M | — | as long as short |
| Phoenix PONS | −0.930% | +0.1489% | 1h | $25K | $51K | 3x | as long as short |
| edgeX PONSUSDC | −0.899% | +0.0548% | 4h | $21K | $288K | 10x | as long as short |
| ApeX Omni PONSUSDT | −0.873% | +0.0100% | 1h | $39K | $314K | 5x | as long as short |
| OKX PONS-USDT-SWAP | −0.417% | +0.0147% | 4h | $14.6M | $55.1M | 20x | as long as short |
| gTrade (Gains Network) PONS/USD | −0.389% | L +0.0032% / S −0.0031% | 1h | $225K | — | 150x | as long as short |
| Bybit PONSUSDT | −0.386% | +0.0632% | 4h | $20.0M | $27.2M | 20x | as long as short |
| Aevo PONS-PERP | −0.381% | +0.0216% | 1h | $390 | — | 3x | as long as short |
| KuCoin PONSUSDTM | −0.376% | +0.0300% | 4h | $1.8M | $3.1M | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| MEXC PONS_USDT | −0.354% | +0.0540% | 4h | $7.9M | $5.1M | 20x | as long as short |
| Phemex PONSUSDT | −0.338% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
| Binance PONSUSDT | −0.276% | +0.0554% | 4h | $41.6M | $92.6M | 20x | as long as short |
| Popdex PONSUSDT | −0.274% | +0.0096% | 1h | $20K | $455K | 20x | as long as short |
| BloFin PONS-USDT | −0.274% | +0.0781% | 4h | $1.9M | $926K | 20x | as long as short |
| SunX PONS-USDT | −0.268% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| Polymarket Perps PONS-USD | −0.255% | +0.0570% | 1h | $67K | $1.8M | 3x | as long as short |
| Orderly PERP_PONS_USDC_mythos | −0.252% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| Nado PONS-PERP | −0.226% | +0.0606% | 1h | $113K | $67K | 5x | as long as short |
| Pacifica PONS | −0.188% | +0.0472% | 1h | $50K | $126K | 3x | as long as short |
| HTX PONS-USDTshort | −0.185% | +0.0100% | 4h | $67K | $493K | 20x | |
| SoDEX PONS-USD | −0.100% | +0.0100% | 1h | $28K | $470K | 3x | as long as short |
| BingX PONS-USDT | −0.083% | +0.0606% | 4h | — | $3.1M | — | as long as short |
| Extended PONS-USD | −0.080% | +0.0544% | 1h | $94K | $533K | 5x | as long as short |
| Aster PONSUSDT | −0.039% | +0.0264% | 4h | $1.1M | $2.2M | 20x | as long as short |
| Bitget PONSUSDTlong | 0.000% | +0.0382% | 4h | $4.9M | $10.8M | 20x | |
| Lighter RH PONS | +0.046% | +0.0480% | 1h | $432K | $2.2M | 3x | as long as short |
| Gate PONS_USDT | +0.061% | −0.0200% | 4h | $5.6M | $7.3M | 20x | as long as short |
| Hyperliquid PONS | +0.092% | +0.1048% | 1h | $63.8M | $26.6M | 3x | as long as short |
| Lighter PONS | +0.107% | +0.1136% | 1h | $1.8M | $772K | 3x | as long as short |