PONS

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After costs, if the gap returns to its 7d average, $10k−$118

spread now−0.379%7d average+0.035%fees + slippage, in and out−$76spread needed0.763%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX PONSUSDC	0.6185	0.0515	pay 0.0257% / 4h	3h 28m	$22K	$293K	10x
Short	Bitget PONSUSDT	0.6162	0.0258	get 0.0129% / 4h	3h 28m	$4.7M	$10.8M	20x

Price spread history

latest

Range statsloading…

share of time at each level, last 7D

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Position, each leg$Hold forhoursFee edgeXbpFee BitgetbpOrdersClose when spread is

Slippage from edgeX: live order book, 16 min ago; Bitget: live order book, 1 min ago.

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, 16 min ago	11.30 bp	19.9 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	2.03 bp	16.5 bp −$16	doesn't fit	doesn't fit	doesn't fit

against the cheapest. Click to use as the short leg.

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Injective PONS/USDC PERP	−7.229%	+0.0033%	1h	$590	$11K	5.5x	as long as short
Aevo PONS-PERP	−0.756%	+0.0200%	1h	$382	—	3x	as long as short
Aster PONSUSDT	−0.650%	+0.0100%	4h	$1.1M	$2.1M	20x	as long as short
SunX PONS-USDT	−0.628%	+0.0100%	4h	—	$1.4M	10x	as long as short
Phemex PONSUSDT	−0.552%	+0.0100%	4h	$1.7M	$3.3M	20x	as long as short
SoDEX PONS-USD	−0.550%	+0.0100%	1h	$27K	$459K	3x	as long as short
Lighter RH PONS	−0.529%	+0.0912%	1h	$426K	$2.3M	3x	as long as short
Pacifica PONS	−0.493%	+0.0616%	1h	$51K	$123K	3x	as long as short
BloFin PONS-USDT	−0.487%	+0.0728%	4h	$1.8M	$945K	20x	as long as short
Extended PONS-USD	−0.475%	+0.0488%	1h	$92K	$539K	5x	as long as short

Show all 30 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
gTrade (Gains Network) PONS/USD	−0.461%	L +0.0032% / S −0.0031%	1h	$222K	—	150x	as long as short
BingX PONS-USDT	−0.455%	+0.0476%	4h	—	$3.1M	—	as long as short
KuCoin PONSUSDTM	−0.427%	+0.0250%	4h	$1.8M	$3.1M	20x	as long as short
Bybit PONSUSDT	−0.423%	+0.0646%	4h	$19.0M	$27.9M	20x	as long as short
OKX PONS-USDT-SWAP	−0.423%	+0.0146%	4h	$14.2M	$54.3M	20x	as long as short
Lighter PONS	−0.421%	+0.1440%	1h	$1.8M	$781K	3x	as long as short
Nado PONS-PERP	−0.419%	+0.0332%	1h	$111K	$68K	5x	as long as short
MEXC PONS_USDT	−0.406%	+0.0488%	4h	$7.6M	$5.1M	20x	as long as short
Popdex PONSUSDT	−0.390%	+0.0096%	1h	$19K	$473K	20x	as long as short
Bitget PONSUSDTshort	−0.379%	+0.0258%	4h	$4.7M	$10.8M	20x
Polymarket Perps PONS-USD	−0.368%	+0.0628%	1h	$60K	$1.8M	3x	as long as short
Binance PONSUSDT	−0.358%	+0.0478%	4h	$40.9M	$93.4M	20x	as long as short
Gate PONS_USDT	−0.358%	−0.0186%	4h	$5.5M	$7.4M	20x	as long as short
Hyperliquid PONS	−0.348%	+0.0559%	1h	$62.0M	$27.2M	3x	as long as short
Orderly PERP_PONS_USDC_mythos	−0.308%	+0.0100%	4h	$2K	$2K	10x	as long as short
HTX PONS-USDT	−0.241%	+0.0100%	4h	$66K	$491K	20x	as long as short
Phoenix PONS	−0.047%	+0.1528%	1h	$25K	$61K	3x	as long as short
Variational Omni PONS	−0.045%	+0.0439%	4h	$1.5M	$3.6M	—	as long as short
edgeX PONSUSDClong	0.000%	+0.0515%	4h	$22K	$293K	10x
ApeX Omni PONSUSDT	+0.079%	+0.0100%	1h	$39K	$318K	5x	as long as short