After costs, if the gap returns to its 7d average, $10k−$57
spread now−0.016%7d average−0.007%fees + slippage, in and out−$56spread needed0.564%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PONSUSDT | 0.6331 | 0.0763 | pay 0.0381% / 4h | 45m 02s | $20.5M | $26.9M | 20x |
| Short | OKX PONS-USDT-SWAP | 0.6330 | 0.0168 | get 0.0084% / 4h | 45m 02s | $15.0M | $55.9M | 20x |
Bybit 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
- −$1.58
- Funding while held
- −$17.84
- Slippage, 4 orders
- −$35.36
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$75.78
- Spread needed to break even
- 0.564%
Slippage from Bybit: live order book, 5 min ago; OKX: live order book, 5 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0595%
- Per $10,000 a day
- −$17.84
- 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, 5 min ago | 0.79 bp | 16.1 bp −$16 | 40.8 bp −$408 | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 0.79 bp | 11.8 bp −$12 | 26.6 bp −$266 | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapest
edgeX0.6318+10.101%ApeX Omni0.6321+10.166%MEXC0.6326+10.247%BingX0.6326+10.247%gTrade (Gains Network)0.6327+10.268%KuCoin0.6328+10.275%Gate0.6328+10.282%Bitget0.6329+10.303%
Injective
ApeX Omni
MEXC
BingX
gTrade (Gains Network)
KuCoin
Gate
BitgetOKX0.6330+10.317%
Popdex0.6330+10.317%
PopdexBybit0.6331+10.335%
SoDEX0.6331+10.335%Lighter RH0.6331+10.340%Extended0.6333+10.363%Polymarket Perps0.6333+10.368%Phemex0.6333+10.369%SunX0.6335+10.401%Aevo0.6335+10.404%Lighter0.6336+10.417%Binance0.6337+10.434%Aster0.6338+10.453%BloFin0.6338+10.457%Hyperliquid0.6339+10.478%Nado0.6339+10.480%Orderly0.6341+10.516%HTX0.6341+10.516%Pacifica0.6347+10.607%Variational Omni0.6353+10.723%Phoenix0.6365+10.931%
SoDEX
Lighter RH
Extended
Polymarket Perps
Phemex
SunX
Aevo
Lighter
Binance
Aster
BloFin
Hyperliquid
Nado
Orderly
HTX
Pacifica
Variational Omni
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 | −9.367% | +0.0033% | 1h | $590 | $15K | 5.5x | as long as short |
| edgeX PONSUSDC | −0.212% | +0.0634% | 4h | $21K | $290K | 10x | as long as short |
| ApeX Omni PONSUSDT | −0.153% | +0.0100% | 1h | $40K | $317K | 5x | as long as short |
| MEXC PONS_USDT | −0.079% | +0.0602% | 4h | $8.2M | $4.9M | 20x | as long as short |
| BingX PONS-USDT | −0.079% | +0.0716% | 4h | — | $2.9M | — | as long as short |
| gTrade (Gains Network) PONS/USD | −0.061% | L +0.0032% / S −0.0031% | 1h | $228K | — | 150x | as long as short |
| KuCoin PONSUSDTM | −0.054% | +0.0504% | 4h | $1.8M | $3.1M | 20x | as long as short |
| Gate PONS_USDT | −0.047% | +0.0100% | 4h | $5.7M | $6.9M | 20x | as long as short |
| Bitget PONSUSDT | −0.028% | +0.0546% | 4h | $5.0M | $10.8M | 20x | as long as short |
| OKX PONS-USDT-SWAPshort | −0.016% | +0.0168% | 4h | $15.0M | $55.9M | 20x |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Popdex PONSUSDT | −0.016% | +0.0096% | 1h | $20K | $470K | 20x | as long as short |
| Bybit PONSUSDTlong | 0.000% | +0.0763% | 4h | $20.5M | $26.9M | 20x | |
| SoDEX PONS-USD | 0.000% | +0.0100% | 1h | $28K | $482K | 3x | as long as short |
| Lighter RH PONS | +0.005% | +0.0376% | 1h | $437K | $2.2M | 3x | as long as short |
| Extended PONS-USD | +0.026% | +0.0624% | 1h | $95K | $537K | 5x | as long as short |
| Polymarket Perps PONS-USD | +0.030% | +0.0604% | 1h | $76K | $1.8M | 3x | as long as short |
| Phemex PONSUSDT | +0.032% | +0.0100% | 4h | $1.8M | $3.3M | 20x | as long as short |
| SunX PONS-USDT | +0.060% | +0.0100% | 4h | — | $1.3M | 10x | as long as short |
| Aevo PONS-PERP | +0.063% | +0.0232% | 1h | $395 | — | 3x | as long as short |
| Lighter PONS | +0.074% | +0.1032% | 1h | $1.8M | $714K | 3x | as long as short |
| Binance PONSUSDT | +0.090% | +0.0625% | 4h | $42.6M | $93.5M | 20x | as long as short |
| Aster PONSUSDT | +0.107% | +0.0409% | 4h | $1.1M | $2.2M | 20x | as long as short |
| BloFin PONS-USDT | +0.111% | +0.0865% | 4h | $1.9M | $925K | 20x | as long as short |
| Hyperliquid PONS | +0.130% | +0.1138% | 1h | $64.7M | $26.1M | 3x | as long as short |
| Nado PONS-PERP | +0.131% | +0.0695% | 1h | $116K | $66K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.164% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| HTX PONS-USDT | +0.164% | +0.0100% | 4h | $66K | $494K | 20x | as long as short |
| Pacifica PONS | +0.247% | +0.0472% | 1h | $48K | $166K | 3x | as long as short |
| Variational Omni PONS | +0.352% | +0.0612% | 4h | $1.8M | $3.4M | — | as long as short |
| Phoenix PONS | +0.540% | +0.1489% | 1h | $26K | $51K | 3x | as long as short |