After costs, if the gap returns to its 7d average, $10k−$73
spread now+0.064%7d average−0.021%fees + slippage, in and out−$81spread needed0.811%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PONSUSDT | 0.6209 | 0.0650 | pay 0.0325% / 4h | 13m 03s | $19.9M | $27.2M | 20x |
| Short | Gate PONS_USDT | 0.6213 | −0.0050 | pay 0.0025% / 4h | 13m 03s | $5.5M | $7.3M | 20x |
Bybit PONSUSDT
Gate 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
- $6.44
- Funding while held
- −$21
- Slippage, 4 orders
- −$55.1
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$95.66
- Spread needed to break even
- 0.811%
Slippage from Bybit: live order book, 2 min ago; Gate: live order book, 2 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0700%
- Per $10,000 a day
- −$21.00
- 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 Bybit live order book, 2 min ago | 0.81 bp | 15.3 bp −$15 | 33.7 bp −$337 | doesn't fit | doesn't fit |
| Sell Gate live order book, 2 min ago | 2.41 bp | 26.3 bp −$26 | 86.9 bp −$869 | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapest
BingX0.6196+7.982%Variational Omni0.6203+8.103%edgeX0.6204+8.125%Aster0.6206+8.149%gTrade (Gains Network)0.6207+8.167%Orderly0.6208+8.184%Popdex0.6208+8.191%
Injective
BingX
Variational Omni
Aster
gTrade (Gains Network)
Orderly
PopdexBybit0.6209+8.208%
OKX0.6209+8.208%BloFin0.6210+8.226%Binance0.6210+8.227%Polymarket Perps0.6210+8.231%Phoenix0.6211+8.240%MEXC0.6211+8.243%KuCoin0.6211+8.243%Bitget0.6211+8.250%SoDEX0.6211+8.252%Extended0.6212+8.260%Phemex0.6212+8.261%SunX0.6212+8.268%
OKX
BloFin
Binance
Polymarket Perps
Phoenix
MEXC
KuCoin
Bitget
SoDEX
Extended
Phemex
SunXGate0.6213+8.278%
ApeX Omni0.6213+8.283%Hyperliquid0.6213+8.285%Lighter RH0.6213+8.285%Nado0.6215+8.313%Aevo0.6216+8.322%Pacifica0.6217+8.352%Lighter0.6218+8.364%HTX0.6225+8.494%
ApeX Omni
Hyperliquid
Lighter RH
Nado
Aevo
Pacifica
Lighter
HTXPONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −7.586% | +0.0033% | 1h | $590 | $15K | 5.5x | as long as short |
| BingX PONS-USDT | −0.209% | +0.0628% | 4h | — | $3.1M | — | as long as short |
| Variational Omni PONS | −0.097% | +0.0540% | 4h | $1.7M | $3.5M | — | as long as short |
| edgeX PONSUSDC | −0.077% | +0.0568% | 4h | $21K | $290K | 10x | as long as short |
| Aster PONSUSDT | −0.055% | +0.0210% | 4h | $1.1M | $2.2M | 20x | as long as short |
| gTrade (Gains Network) PONS/USD | −0.038% | L +0.0032% / S −0.0031% | 1h | $224K | — | 150x | as long as short |
| Orderly PERP_PONS_USDC_mythos | −0.023% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| Popdex PONSUSDT | −0.016% | +0.0096% | 1h | $19K | $462K | 20x | as long as short |
| Bybit PONSUSDTlong | 0.000% | +0.0650% | 4h | $19.9M | $27.2M | 20x | |
| OKX PONS-USDT-SWAP | 0.000% | +0.0143% | 4h | $14.4M | $54.7M | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin PONS-USDT | +0.016% | +0.0782% | 4h | $1.9M | $912K | 20x | as long as short |
| Binance PONSUSDT | +0.017% | +0.0542% | 4h | $41.4M | $92.9M | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.021% | +0.0547% | 1h | $67K | $1.8M | 3x | as long as short |
| Phoenix PONS | +0.029% | +0.1489% | 1h | $25K | $51K | 3x | as long as short |
| MEXC PONS_USDT | +0.032% | +0.0540% | 4h | $7.9M | $5.1M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.032% | +0.0338% | 4h | $1.8M | $3.1M | 20x | as long as short |
| Bitget PONSUSDT | +0.039% | +0.0404% | 4h | $4.8M | $10.7M | 20x | as long as short |
| SoDEX PONS-USD | +0.040% | +0.0100% | 1h | $28K | $469K | 3x | as long as short |
| Extended PONS-USD | +0.048% | +0.0544% | 1h | $93K | $533K | 5x | as long as short |
| Phemex PONSUSDT | +0.048% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
| SunX PONS-USDT | +0.055% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| Gate PONS_USDTshort | +0.064% | −0.0050% | 4h | $5.5M | $7.3M | 20x | |
| ApeX Omni PONSUSDT | +0.069% | +0.0100% | 1h | $39K | $318K | 5x | as long as short |
| Hyperliquid PONS | +0.071% | +0.1057% | 1h | $63.2M | $26.7M | 3x | as long as short |
| Lighter RH PONS | +0.071% | +0.0376% | 1h | $433K | $2.2M | 3x | as long as short |
| Nado PONS-PERP | +0.097% | +0.0625% | 1h | $113K | $67K | 5x | as long as short |
| Aevo PONS-PERP | +0.105% | +0.0216% | 1h | $387 | — | 3x | as long as short |
| Pacifica PONS | +0.132% | +0.0472% | 1h | $50K | $166K | 3x | as long as short |
| Lighter PONS | +0.143% | +0.1040% | 1h | $1.8M | $772K | 3x | as long as short |
| HTX PONS-USDT | +0.264% | +0.0100% | 4h | $66K | $496K | 20x | as long as short |