After costs, if the gap returns to its 7d average, $10k−$92
spread now−0.073%7d average+0.005%fees + slippage, in and out−$84spread needed0.842%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PONSUSDT | 0.5893 | 0.0195 | pay 0.0097% / 4h | 2h 57m | $17.8M | $29.5M | 20x |
| Short | KuCoin PONSUSDTM | 0.5889 | 0.0176 | get 0.0088% / 4h | 2h 57m | $1.7M | $3.3M | 20x |
Bybit 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
- −$7.3
- Funding while held
- −$0.57
- Slippage, 4 orders
- −$61.24
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$92.1
- Spread needed to break even
- 0.842%
Slippage from Bybit: live order book, 3 min ago; KuCoin: live order book, 7 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0019%
- Per $10,000 a day
- −$0.57
- 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, 3 min ago | 0.85 bp | 16.0 bp −$16 | 29.6 bp −$296 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 7 min ago | 2.12 bp | 23.9 bp −$24 | 80.6 bp −$806 | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapestBingX0.5888+2.614%
Injective
BingXKuCoin0.5889+2.626%
OKX0.5890+2.649%MEXC0.5892+2.684%Lighter RH0.5892+2.686%gTrade (Gains Network)0.5893+2.694%Bitget0.5893+2.700%Hyperliquid0.5893+2.701%
OKX
MEXC
Lighter RH
gTrade (Gains Network)
Bitget
HyperliquidBybit0.5893+2.701%
SoDEX0.5893+2.701%Binance0.5894+2.714%Gate0.5894+2.719%Aster0.5894+2.726%Extended0.5895+2.744%Nado0.5896+2.754%Pacifica0.5897+2.772%Lighter0.5897+2.778%Popdex0.5898+2.788%Aevo0.5898+2.788%ApeX Omni0.5898+2.795%Polymarket Perps0.5898+2.795%BloFin0.5900+2.823%Orderly0.5900+2.832%Phemex0.5901+2.841%edgeX0.5902+2.852%Variational Omni0.5903+2.873%HTX0.5904+2.884%SunX0.5904+2.891%Phoenix0.5905+2.912%
SoDEX
Binance
Gate
Aster
Extended
Nado
Pacifica
Lighter
Popdex
Aevo
ApeX Omni
Polymarket Perps
BloFin
Orderly
Phemex
Variational Omni
HTX
SunX
PhoenixPONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −2.630% | +0.0033% | 1h | $590 | $7K | 5.5x | as long as short |
| BingX PONS-USDT | −0.085% | +0.0363% | 4h | — | $3.2M | — | as long as short |
| KuCoin PONSUSDTMshort | −0.073% | +0.0176% | 4h | $1.7M | $3.3M | 20x | |
| OKX PONS-USDT-SWAP | −0.051% | +0.0139% | 4h | $13.0M | $54.6M | 20x | as long as short |
| MEXC PONS_USDT | −0.017% | +0.0346% | 4h | $7.0M | $5.1M | 20x | as long as short |
| Lighter RH PONS | −0.015% | +0.0272% | 1h | $422K | $2.3M | 3x | as long as short |
| gTrade (Gains Network) PONS/USD | −0.007% | L +0.0032% / S −0.0031% | 1h | $212K | — | 150x | as long as short |
| Bitget PONSUSDT | −0.002% | +0.0200% | 4h | $4.5M | $11.2M | 20x | as long as short |
| Hyperliquid PONS | 0.000% | +0.0221% | 1h | $59.0M | $28.8M | 3x | as long as short |
| Bybit PONSUSDTlong | 0.000% | +0.0195% | 4h | $17.8M | $29.5M | 20x |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SoDEX PONS-USD | 0.000% | +0.0100% | 1h | $26K | $504K | 3x | as long as short |
| Binance PONSUSDT | +0.012% | +0.0351% | 4h | $38.3M | $97.5M | 20x | as long as short |
| Gate PONS_USDT | +0.017% | +0.0032% | 4h | $5.3M | $7.6M | 20x | as long as short |
| Aster PONSUSDT | +0.024% | +0.0100% | 4h | $1.1M | $2.1M | 20x | as long as short |
| Extended PONS-USD | +0.042% | +0.0352% | 1h | $88K | $537K | 5x | as long as short |
| Nado PONS-PERP | +0.051% | +0.0269% | 1h | $112K | $71K | 5x | as long as short |
| Pacifica PONS | +0.069% | +0.0285% | 1h | $49K | $119K | 3x | as long as short |
| Lighter PONS | +0.075% | +0.0720% | 1h | $1.7M | $827K | 3x | as long as short |
| Popdex PONSUSDT | +0.085% | +0.0096% | 1h | $18K | $493K | 20x | as long as short |
| Aevo PONS-PERP | +0.085% | +0.0168% | 1h | $367 | — | 3x | as long as short |
| ApeX Omni PONSUSDT | +0.092% | +0.0100% | 1h | $27K | $321K | 5x | as long as short |
| Polymarket Perps PONS-USD | +0.092% | +0.0492% | 1h | $48K | $1.8M | 3x | as long as short |
| BloFin PONS-USDT | +0.119% | +0.0591% | 4h | $1.7M | $960K | 20x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.127% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| Phemex PONSUSDT | +0.136% | +0.0113% | 4h | $1.7M | $3.3M | 20x | as long as short |
| edgeX PONSUSDC | +0.147% | +0.0366% | 4h | $21K | $293K | 10x | as long as short |
| Variational Omni PONS | +0.167% | +0.0325% | 4h | $1.2M | $3.9M | — | as long as short |
| HTX PONS-USDT | +0.178% | +0.0100% | 4h | $63K | $498K | 20x | as long as short |
| SunX PONS-USDT | +0.185% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| Phoenix PONS | +0.205% | +0.1523% | 1h | $23K | $61K | 3x | as long as short |