data as of
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Price arb /

PONS

all PONS markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Spread before costs (cost unknown: a leg has no order-book sample)+0.022%
7d average−0.047%if it closes, per $10,000$2funding while held, a day−$0.72
Long on BitgetShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget PONSUSDT0.57970.0124pay 0.0062% / 4h1h 59m$4.5M$11.5M20x
ShortVariational Omni PONS0.57980.0100get 0.0050% / 4h1h 59m$1.3M$4.1M—

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$2.16
Funding while held
−$0.72
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$10.56
Spread needed to break even
0.120%
Slippage unknown: Bitget: live order book, 1 min ago; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0024%
Per $10,000 a day
−$0.72
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 1 min ago3.36 bp21.3 bp −$21doesn't fitdoesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 1 min ago5.17 bpdoesn't fit46.5 bp −$465doesn't fitdoesn't fit

PONS price on every exchange

against the cheapest. Click to use as the short leg.
Injective0.5738cheapestSunX0.5788+0.870%SoDEX0.5788+0.880%Aevo0.5789+0.890%Nado0.5789+0.892%BloFin0.5790+0.906%Phemex0.5791+0.924%Aster0.5792+0.938%Lighter RH0.5794+0.967%KuCoin0.5794+0.978%gTrade (Gains Network)0.5794+0.978%Extended0.5794+0.981%Pacifica0.5795+0.985%Gate0.5795+0.993%BingX0.5795+0.993%Lighter0.5796+1.002%Binance0.5796+1.010%
Bitget0.5797+1.025%
Orderly0.5797+1.025%Hyperliquid0.5797+1.027%OKX0.5797+1.028%Bybit0.5798+1.046%
Variational Omni0.5798+1.047%
Polymarket Perps0.5799+1.060%Popdex0.5799+1.063%MEXC0.5799+1.063%ApeX Omni0.5805+1.168%edgeX0.5807+1.210%HTX0.5814+1.330%Phoenix0.5822+1.459%

PONS on 30 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective PONS/USDC PERP−1.014%+0.0033%1h$590$7K5.5xas long as short
SunX PONS-USDT−0.154%+0.0100%4h—$1.4M10xas long as short
SoDEX PONS-USD−0.143%+0.0100%1h$26K$528K3xas long as short
Aevo PONS-PERP−0.134%+0.0152%1h$361—3xas long as short
Nado PONS-PERP−0.132%+0.0100%1h$71K$95K5xas long as short
BloFin PONS-USDT−0.117%+0.0520%4h$1.7M$961K20xas long as short
Phemex PONSUSDT−0.100%+0.0100%4h$1.7M$3.3M20xas long as short
Aster PONSUSDT−0.086%+0.0100%4h$1.0M$2.1M20xas long as short
Lighter RH PONS−0.057%+0.0104%1h$402K$2.3M3xas long as short
KuCoin PONSUSDTM−0.047%+0.0100%4h$1.7M$3.5M20xas long as short
Show all 30 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
gTrade (Gains Network) PONS/USD−0.046%L +0.0032% / S −0.0032%1h$209K—150xas long as short
Extended PONS-USD−0.043%+0.0272%1h$86K$545K5xas long as short
Pacifica PONS−0.040%+0.0285%1h$46K$119K3xas long as short
Gate PONS_USDT−0.031%+0.0078%4h$5.2M$7.2M20xas long as short
BingX PONS-USDT−0.031%+0.0296%4h—$3.3M—as long as short
Lighter PONS−0.022%+0.0584%1h$1.7M$867K3xas long as short
Binance PONSUSDT−0.015%+0.0273%4h$37.3M$99.6M20xas long as short
Bitget PONSUSDTlong0.000%+0.0124%4h$4.5M$11.5M20x
Orderly PERP_PONS_USDC_mythos0.000%+0.0100%4h$2K$3K10xas long as short
Hyperliquid PONS+0.003%+0.0100%1h$57.6M$29.8M3xas long as short
OKX PONS-USDT-SWAP+0.003%+0.0152%4h$13.0M$55.5M20xas long as short
Bybit PONSUSDT+0.021%+0.0100%4h$17.0M$31.1M20xas long as short
Variational Omni PONSshort+0.022%+0.0100%4h$1.3M$4.1M—
Polymarket Perps PONS-USD+0.035%+0.0456%1h$74K$1.8M3xas long as short
Popdex PONSUSDT+0.038%+0.0096%1h$18K$510K20xas long as short
MEXC PONS_USDT+0.038%+0.0274%4h$7.0M$5.3M20xas long as short
ApeX Omni PONSUSDT+0.141%+0.0100%1h$28K$318K5xas long as short
edgeX PONSUSDC+0.183%+0.0305%4h$20K$293K10xas long as short
HTX PONS-USDT+0.302%+0.0100%4h$61K$498K20xas long as short
Phoenix PONS+0.430%+0.1523%1h$23K$61K3xas long as short