After costs, if the gap returns to its 7d average, $10k−$125
spread now−0.618%7d average−0.043%fees + slippage, in and out−$67spread needed0.670%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX PONSUSDC | 0.6380 | 0.0728 | pay 0.0364% / 4h | 1h 54m | $22K | $286K | 10x |
| Short | Aster PONSUSDT | 0.6340 | 0.0426 | get 0.0213% / 4h | 1h 54m | $1.1M | $2.1M | 20x |
Aster PONSUSDTPrice 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
- −$61.81
- Funding while held
- −$9.05
- Slippage, 4 orders
- −$49.99
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$137.85
- Spread needed to break even
- 0.670%
Slippage from edgeX: live order book, 65 min ago; Aster: live order book, 5 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0302%
- Per $10,000 a day
- −$9.05
- 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 edgeX live order book, 65 min ago | 13.18 bp | 21.3 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aster live order book, 5 min ago | 4.62 bp | 12.1 bp −$12 | 40.0 bp −$400 | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapest
BingX0.6323+10.195%OKX0.6330+10.317%Binance0.6332+10.349%gTrade (Gains Network)0.6334+10.379%Lighter RH0.6335+10.403%Extended0.6336+10.415%Popdex0.6336+10.422%Bitget0.6336+10.427%MEXC0.6337+10.439%KuCoin0.6338+10.462%Hyperliquid0.6339+10.465%Polymarket Perps0.6339+10.467%Lighter0.6339+10.474%
Injective
BingX
OKX
Binance
gTrade (Gains Network)
Lighter RH
Extended
Popdex
Bitget
MEXC
KuCoin
Hyperliquid
Polymarket Perps
LighterAster0.6340+10.497%
SoDEX0.6342+10.521%SunX0.6342+10.526%Phemex0.6342+10.526%Aevo0.6342+10.533%Pacifica0.6343+10.544%Nado0.6344+10.561%Gate0.6344+10.561%Orderly0.6347+10.613%BloFin0.6347+10.613%Bybit0.6348+10.631%HTX0.6360+10.842%Phoenix0.6391+11.375%Variational Omni0.6396+11.462%ApeX Omni0.6398+11.499%
SoDEX
SunX
Phemex
Aevo
Pacifica
Nado
Gate
Orderly
BloFin
Bybit
HTX
Phoenix
Variational Omni
ApeX 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 | −10.059% | +0.0033% | 1h | $590 | $15K | 5.5x | as long as short |
| BingX PONS-USDT | −0.890% | +0.0742% | 4h | — | $2.9M | — | as long as short |
| OKX PONS-USDT-SWAP | −0.780% | +0.0219% | 4h | $15.2M | $56.8M | 20x | as long as short |
| Binance PONSUSDT | −0.752% | +0.0695% | 4h | $42.6M | $92.4M | 20x | as long as short |
| gTrade (Gains Network) PONS/USD | −0.724% | L +0.0032% / S −0.0032% | 1h | $226K | — | 150x | as long as short |
| Lighter RH PONS | −0.703% | +0.0616% | 1h | $455K | $2.2M | 3x | as long as short |
| Extended PONS-USD | −0.692% | +0.0712% | 1h | $226K | $396K | 5x | as long as short |
| Popdex PONSUSDT | −0.686% | +0.0096% | 1h | $20K | $471K | 20x | as long as short |
| Bitget PONSUSDT | −0.681% | +0.0770% | 4h | $5.0M | $10.3M | 20x | as long as short |
| MEXC PONS_USDT | −0.670% | +0.0714% | 4h | $8.1M | $4.8M | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin PONSUSDTM | −0.650% | +0.0584% | 4h | $2.3M | $2.1M | 20x | as long as short |
| Hyperliquid PONS | −0.647% | +0.0938% | 1h | $64.3M | $24.9M | 3x | as long as short |
| Polymarket Perps PONS-USD | −0.645% | +0.0392% | 1h | $65K | $1.7M | 3x | as long as short |
| Lighter PONS | −0.639% | +0.0784% | 1h | $1.8M | $726K | 3x | as long as short |
| Aster PONSUSDTshort | −0.618% | +0.0426% | 4h | $1.1M | $2.1M | 20x | |
| SoDEX PONS-USD | −0.597% | +0.0100% | 1h | $29K | $462K | 3x | as long as short |
| SunX PONS-USDT | −0.592% | +0.0100% | 4h | — | $1.2M | 10x | as long as short |
| Phemex PONSUSDT | −0.592% | +0.0100% | 4h | $1.8M | $3.4M | 20x | as long as short |
| Aevo PONS-PERP | −0.586% | +0.0256% | 1h | $395 | — | 3x | as long as short |
| Pacifica PONS | −0.576% | +0.0858% | 1h | $49K | $165K | 3x | as long as short |
| Nado PONS-PERP | −0.560% | +0.0717% | 1h | $116K | $64K | 5x | as long as short |
| Gate PONS_USDT | −0.560% | +0.1430% | 4h | $5.7M | $7.0M | 20x | as long as short |
| Orderly PERP_PONS_USDC_mythos | −0.513% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| BloFin PONS-USDT | −0.513% | +0.0955% | 4h | $1.9M | $901K | 20x | as long as short |
| Bybit PONSUSDT | −0.498% | +0.0722% | 4h | $20.3M | $26.0M | 20x | as long as short |
| HTX PONS-USDT | −0.308% | +0.0100% | 4h | $67K | $491K | 20x | as long as short |
| edgeX PONSUSDClong | 0.000% | +0.0728% | 4h | $22K | $286K | 10x | |
| Phoenix PONS | +0.172% | +0.1767% | 1h | $26K | $45K | 3x | as long as short |
| Variational Omni PONS | +0.250% | +0.0562% | 4h | $1.8M | $3.3M | — | as long as short |
| ApeX Omni PONSUSDT | +0.283% | +0.0100% | 1h | $40K | $319K | 5x | as long as short |