After costs, if the gap returns to its 7d average, $10k−$103
spread now−0.089%7d average−0.019%fees + slippage, in and out−$96spread needed0.960%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget PONSUSDT | 0.5948 | 0.0228 | pay 0.0114% / 4h | 3h 16m | $4.6M | $11.1M | 20x |
| Short | KuCoin PONSUSDTM | 0.5943 | 0.0206 | get 0.0103% / 4h | 3h 16m | $1.7M | $3.2M | 20x |
Bitget PONSUSDT
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
- −$8.91
- Funding while held
- −$0.66
- Slippage, 4 orders
- −$71.99
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$105.56
- Spread needed to break even
- 0.960%
Slippage from Bitget: live order book, 3 min ago; KuCoin: live order book, 7 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0022%
- Per $10,000 a day
- −$0.66
- 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 | 2.26 bp | 28.5 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 7 min ago | 3.86 bp | 20.7 bp −$21 | 84.7 bp −$847 | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapest
InjectiveKuCoin0.5943+3.571%
OKX0.5945+3.608%Gate0.5945+3.608%Binance0.5946+3.630%Popdex0.5947+3.642%BingX0.5947+3.642%Extended0.5948+3.653%Hyperliquid0.5948+3.660%Pacifica0.5948+3.663%
OKX
Gate
Binance
Popdex
BingX
Extended
Hyperliquid
PacificaBitget0.5948+3.663%
Bybit0.5949+3.677%MEXC0.5949+3.677%Lighter RH0.5949+3.682%Aster0.5954+3.766%Lighter0.5955+3.777%ApeX Omni0.5959+3.850%SunX0.5960+3.862%Nado0.5966+3.965%Polymarket Perps0.5969+4.022%edgeX0.5971+4.068%gTrade (Gains Network)0.5972+4.075%Aevo0.5972+4.078%Orderly0.5974+4.106%HTX0.5975+4.125%Phemex0.5976+4.148%BloFin0.5976+4.148%SoDEX0.5978+4.191%Phoenix0.5990+4.387%Variational Omni0.6090+6.130%
Bybit
MEXC
Lighter RH
Aster
Lighter
ApeX Omni
SunX
Nado
Polymarket Perps
gTrade (Gains Network)
Aevo
Orderly
HTX
Phemex
BloFin
SoDEX
Phoenix
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 | −3.534% | +0.0033% | 1h | $590 | $11K | 5.5x | as long as short |
| KuCoin PONSUSDTMshort | −0.089% | +0.0206% | 4h | $1.7M | $3.2M | 20x | |
| OKX PONS-USDT-SWAP | −0.054% | +0.0138% | 4h | $13.3M | $54.0M | 20x | as long as short |
| Gate PONS_USDT | −0.054% | −0.0566% | 4h | $5.3M | $7.6M | 20x | as long as short |
| Binance PONSUSDT | −0.032% | +0.0388% | 4h | $39.1M | $96.3M | 20x | as long as short |
| Popdex PONSUSDT | −0.020% | +0.0096% | 1h | $18K | $493K | 20x | as long as short |
| BingX PONS-USDT | −0.020% | +0.0434% | 4h | — | $3.2M | — | as long as short |
| Extended PONS-USD | −0.010% | +0.0392% | 1h | $89K | $545K | 5x | as long as short |
| Hyperliquid PONS | −0.003% | +0.0436% | 1h | $59.5M | $28.2M | 3x | as long as short |
| Pacifica PONS | 0.000% | +0.0616% | 1h | $49K | $123K | 3x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget PONSUSDTlong | 0.000% | +0.0228% | 4h | $4.6M | $11.1M | 20x | |
| Bybit PONSUSDT | +0.013% | +0.0214% | 4h | $18.2M | $29.1M | 20x | as long as short |
| MEXC PONS_USDT | +0.013% | +0.0388% | 4h | $7.2M | $5.2M | 20x | as long as short |
| Lighter RH PONS | +0.018% | +0.0712% | 1h | $418K | $2.3M | 3x | as long as short |
| Aster PONSUSDT | +0.099% | +0.0100% | 4h | $1.1M | $2.1M | 20x | as long as short |
| Lighter PONS | +0.109% | +0.1240% | 1h | $1.7M | $793K | 3x | as long as short |
| ApeX Omni PONSUSDT | +0.180% | +0.0100% | 1h | $29K | $321K | 5x | as long as short |
| SunX PONS-USDT | +0.192% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| Nado PONS-PERP | +0.291% | +0.0296% | 1h | $108K | $68K | 5x | as long as short |
| Polymarket Perps PONS-USD | +0.346% | +0.0510% | 1h | $50K | $1.8M | 3x | as long as short |
| edgeX PONSUSDC | +0.391% | +0.0434% | 4h | $21K | $293K | 10x | as long as short |
| gTrade (Gains Network) PONS/USD | +0.397% | L +0.0032% / S −0.0031% | 1h | $215K | — | 150x | as long as short |
| Aevo PONS-PERP | +0.400% | +0.0192% | 1h | $372 | — | 3x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.427% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| HTX PONS-USDT | +0.446% | +0.0100% | 4h | $63K | $495K | 20x | as long as short |
| Phemex PONSUSDT | +0.467% | +0.0505% | 4h | $1.7M | $3.3M | 20x | as long as short |
| BloFin PONS-USDT | +0.467% | +0.0628% | 4h | $1.8M | $958K | 20x | as long as short |
| SoDEX PONS-USD | +0.509% | +0.0100% | 1h | $26K | $501K | 3x | as long as short |
| Phoenix PONS | +0.698% | +0.1528% | 1h | $24K | $61K | 3x | as long as short |
| Variational Omni PONS | +2.379% | +0.0403% | 4h | $1.3M | $3.7M | — | as long as short |