After costs, if the gap returns to its 7d average, $10k−$56
spread now−0.088%7d average−0.030%fees + slippage, in and out−$51spread needed0.505%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget PONSUSDT | 0.6386 | 0.0612 | pay 0.0306% / 4h | 1h 03m | $5.0M | $10.6M | 20x |
| Short | OKX PONS-USDT-SWAP | 0.6380 | 0.0191 | get 0.0096% / 4h | 1h 03m | $15.1M | $57.3M | 20x |
Bitget PONSUSDT
OKX PONS-USDT-SWAPPrice 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
- −$8.77
- Funding while held
- −$12.62
- Slippage, 4 orders
- −$28.53
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$71.92
- Spread needed to break even
- 0.505%
Slippage from Bitget: live order book, 1 min ago; OKX: live order book, 1 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0421%
- Per $10,000 a day
- −$12.62
- 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, 1 min ago | 1.02 bp | 12.1 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 1.57 bp | 11.4 bp −$11 | 33.0 bp −$330 | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapest
edgeX0.6368+10.984%Phoenix0.6369+10.992%BingX0.6375+11.101%gTrade (Gains Network)0.6378+11.158%Bybit0.6380+11.189%
Injective
Phoenix
BingX
gTrade (Gains Network)
BybitOKX0.6380+11.189%
Extended0.6381+11.211%Binance0.6383+11.233%SoDEX0.6383+11.248%MEXC0.6384+11.258%KuCoin0.6384+11.258%Lighter RH0.6385+11.274%Gate0.6385+11.276%Pacifica0.6385+11.281%
Extended
Binance
SoDEX
MEXC
KuCoin
Lighter RH
Gate
PacificaBitget0.6386+11.286%
Lighter0.6387+11.307%Nado0.6387+11.311%Phemex0.6387+11.311%Popdex0.6388+11.328%Hyperliquid0.6392+11.392%Aevo0.6393+11.414%Polymarket Perps0.6393+11.415%Orderly0.6395+11.448%SunX0.6395+11.452%Aster0.6396+11.465%BloFin0.6396+11.467%HTX0.6408+11.684%ApeX Omni0.6409+11.689%Variational Omni0.6413+11.760%
Lighter
Nado
Phemex
Popdex
Hyperliquid
Aevo
Polymarket Perps
Orderly
SunX
Aster
BloFin
HTX
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 | −10.142% | +0.0033% | 1h | $590 | $15K | 5.5x | as long as short |
| edgeX PONSUSDC | −0.271% | +0.0658% | 4h | $22K | $288K | 10x | as long as short |
| Phoenix PONS | −0.265% | +0.1767% | 1h | $26K | $45K | 3x | as long as short |
| BingX PONS-USDT | −0.166% | +0.0652% | 4h | — | $2.9M | — | as long as short |
| gTrade (Gains Network) PONS/USD | −0.115% | L +0.0032% / S −0.0032% | 1h | $228K | — | 150x | as long as short |
| Bybit PONSUSDT | −0.088% | +0.0702% | 4h | $20.8M | $26.8M | 20x | as long as short |
| OKX PONS-USDT-SWAPshort | −0.088% | +0.0191% | 4h | $15.1M | $57.3M | 20x | |
| Extended PONS-USD | −0.067% | +0.0656% | 1h | $162K | $473K | 5x | as long as short |
| Binance PONSUSDT | −0.048% | +0.0652% | 4h | $43.0M | $93.5M | 20x | as long as short |
| SoDEX PONS-USD | −0.034% | +0.0100% | 1h | $29K | $479K | 3x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| MEXC PONS_USDT | −0.025% | +0.0660% | 4h | $8.3M | $5.0M | 20x | as long as short |
| KuCoin PONSUSDTM | −0.025% | +0.0572% | 4h | $1.9M | $2.8M | 20x | as long as short |
| Lighter RH PONS | −0.011% | +0.0440% | 1h | $441K | $2.2M | 3x | as long as short |
| Gate PONS_USDT | −0.009% | +0.0478% | 4h | $5.7M | $7.4M | 20x | as long as short |
| Pacifica PONS | −0.004% | +0.0858% | 1h | $49K | $166K | 3x | as long as short |
| Bitget PONSUSDTlong | 0.000% | +0.0612% | 4h | $5.0M | $10.6M | 20x | |
| Lighter PONS | +0.019% | +0.0904% | 1h | $1.8M | $736K | 3x | as long as short |
| Nado PONS-PERP | +0.022% | +0.0518% | 1h | $117K | $71K | 5x | as long as short |
| Phemex PONSUSDT | +0.022% | +0.0100% | 4h | $1.8M | $3.4M | 20x | as long as short |
| Popdex PONSUSDT | +0.038% | +0.0096% | 1h | $20K | $471K | 20x | as long as short |
| Hyperliquid PONS | +0.095% | +0.1033% | 1h | $65.1M | $26.0M | 3x | as long as short |
| Aevo PONS-PERP | +0.115% | +0.0240% | 1h | $398 | — | 3x | as long as short |
| Polymarket Perps PONS-USD | +0.116% | +0.0567% | 1h | $80K | $1.8M | 3x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.146% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| SunX PONS-USDT | +0.149% | +0.0100% | 4h | — | $1.3M | 10x | as long as short |
| Aster PONSUSDT | +0.161% | +0.0459% | 4h | $1.1M | $2.2M | 20x | as long as short |
| BloFin PONS-USDT | +0.163% | +0.0902% | 4h | $1.9M | $925K | 20x | as long as short |
| HTX PONS-USDT | +0.357% | +0.0100% | 4h | $67K | $493K | 20x | as long as short |
| ApeX Omni PONSUSDT | +0.362% | +0.0100% | 1h | $40K | $316K | 5x | as long as short |
| Variational Omni PONS | +0.426% | +0.0553% | 4h | $1.9M | $3.4M | — | as long as short |