PONS

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After costs, if the gap returns to its 7d average, $10k−$76

spread now+0.023%7d average+0.032%fees + slippage, in and out−$75spread needed0.753%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended PONS-USD	0.6219	0.0544	pay 0.0068% / 1h	10m 33s	$93K	$533K	5x
Short	Binance PONSUSDT	0.6220	0.0541	get 0.0271% / 4h	10m 33s	$41.4M	$92.4M	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 ExtendedbpFee BinancebpOrdersClose when spread is

Slippage from Extended: live order book, 39 min ago; Binance: live order book, 4 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Extended live order book, 39 min ago	12.60 bp	26.3 bp −$26	136.1 bp −$1,361	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	0.80 bp	11.2 bp −$11	49.4 bp −$494	211.5 bp −$21.2K	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	−7.728%	+0.0033%	1h	$590	$15K	5.5x	as long as short
edgeX PONSUSDC	−0.099%	+0.0545%	4h	$21K	$288K	10x	as long as short
BingX PONS-USDT	−0.089%	+0.0626%	4h	—	$3.1M	—	as long as short
ApeX Omni PONSUSDT	−0.084%	+0.0100%	1h	$39K	$318K	5x	as long as short
gTrade (Gains Network) PONS/USD	−0.063%	L +0.0032% / S −0.0031%	1h	$224K	—	150x	as long as short
BloFin PONS-USDT	−0.057%	+0.0783%	4h	$1.9M	$910K	20x	as long as short
Aster PONSUSDT	−0.056%	+0.0218%	4h	$1.1M	$2.2M	20x	as long as short
Bybit PONSUSDT	−0.025%	+0.0638%	4h	$19.9M	$27.1M	20x	as long as short
Phemex PONSUSDT	−0.025%	+0.0100%	4h	$1.7M	$3.3M	20x	as long as short
Variational Omni PONS	−0.021%	+0.0537%	4h	$1.7M	$3.5M	—	as long as short

Show all 30 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Phoenix PONS	−0.012%	+0.1489%	1h	$25K	$51K	3x	as long as short
SoDEX PONS-USD	−0.009%	+0.0100%	1h	$28K	$467K	3x	as long as short
Extended PONS-USDlong	0.000%	+0.0544%	1h	$93K	$533K	5x
OKX PONS-USDT-SWAP	+0.007%	+0.0141%	4h	$14.4M	$54.8M	20x	as long as short
Popdex PONSUSDT	+0.007%	+0.0096%	1h	$19K	$456K	20x	as long as short
Aevo PONS-PERP	+0.015%	+0.0216%	1h	$387	—	3x	as long as short
KuCoin PONSUSDTM	+0.022%	+0.0316%	4h	$1.8M	$3.1M	20x	as long as short
Binance PONSUSDTshort	+0.023%	+0.0541%	4h	$41.4M	$92.4M	20x
Polymarket Perps PONS-USD	+0.025%	+0.0547%	1h	$67K	$1.8M	3x	as long as short
Gate PONS_USDT	+0.039%	−0.0132%	4h	$5.5M	$7.3M	20x	as long as short
Pacifica PONS	+0.079%	+0.0472%	1h	$50K	$166K	3x	as long as short
Bitget PONSUSDT	+0.083%	+0.0392%	4h	$4.8M	$10.7M	20x	as long as short
HTX PONS-USDT	+0.084%	+0.0100%	4h	$66K	$496K	20x	as long as short
MEXC PONS_USDT	+0.088%	+0.0542%	4h	$7.9M	$5.1M	20x	as long as short
Nado PONS-PERP	+0.095%	+0.0619%	1h	$113K	$67K	5x	as long as short
SunX PONS-USDT	+0.096%	+0.0100%	4h	—	$1.4M	10x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.125%	+0.0100%	4h	$2K	$2K	10x	as long as short
Lighter RH PONS	+0.134%	+0.0392%	1h	$434K	$2.2M	3x	as long as short
Hyperliquid PONS	+0.171%	+0.1053%	1h	$63.3M	$26.7M	3x	as long as short
Lighter PONS	+0.194%	+0.1088%	1h	$1.8M	$772K	3x	as long as short