After costs, if the gap returns to its 7d average, $10k−$78
spread now+0.246%7d average−0.034%fees + slippage, in and out−$106spread needed1.060%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended PONS-USD | 0.6350 | 0.0632 | pay 0.0079% / 1h | 58m 47s | $160K | $472K | 5x |
| Short | Gate PONS_USDT | 0.6366 | 0.0382 | get 0.0191% / 4h | 58m 47s | $5.7M | $6.8M | 20x |
Extended PONS-USD
Gate PONS_USDTPrice 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
- $24.61
- Funding while held
- −$7.5
- Slippage, 4 orders
- −$85.96
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$88.86
- Spread needed to break even
- 1.060%
Slippage from Extended: live order book, 55 min ago; Gate: live order book, 1 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0250%
- Per $10,000 a day
- −$7.50
- 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 Extended live order book, 55 min ago | 11.10 bp | 26.6 bp −$27 | 168.9 bp −$1,689 | doesn't fit | doesn't fit |
| Sell Gate live order book, 1 min ago | 3.94 bp | 26.7 bp −$27 | 79.8 bp −$798 | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapest
gTrade (Gains Network)0.6327+10.257%Aevo0.6331+10.328%Popdex0.6332+10.352%Phemex0.6332+10.352%Orderly0.6332+10.354%SoDEX0.6333+10.364%Polymarket Perps0.6335+10.408%Nado0.6336+10.422%BloFin0.6338+10.457%Phoenix0.6342+10.523%SunX0.6344+10.554%
Injective
gTrade (Gains Network)
Aevo
Popdex
Phemex
Orderly
SoDEX
Polymarket Perps
Nado
BloFin
Phoenix
SunXExtended0.6350+10.672%
BingX0.6352+10.701%Aster0.6354+10.732%KuCoin0.6357+10.783%HTX0.6357+10.791%Binance0.6361+10.857%Pacifica0.6361+10.864%Bybit0.6363+10.892%OKX0.6363+10.892%MEXC0.6363+10.892%Lighter0.6364+10.908%Lighter RH0.6364+10.908%Bitget0.6365+10.927%
BingX
Aster
KuCoin
HTX
Binance
Pacifica
Bybit
OKX
MEXC
Lighter
Lighter RH
BitgetGate0.6366+10.945%
Hyperliquid0.6367+10.953%edgeX0.6370+11.013%Variational Omni0.6375+11.102%ApeX Omni0.6387+11.309%
Hyperliquid
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 | −9.643% | +0.0033% | 1h | $590 | $15K | 5.5x | as long as short |
| gTrade (Gains Network) PONS/USD | −0.375% | L +0.0032% / S −0.0032% | 1h | $226K | — | 150x | as long as short |
| Aevo PONS-PERP | −0.311% | +0.0240% | 1h | $394 | — | 3x | as long as short |
| Popdex PONSUSDT | −0.289% | +0.0096% | 1h | $20K | $471K | 20x | as long as short |
| Phemex PONSUSDT | −0.289% | +0.0100% | 4h | $1.7M | $3.4M | 20x | as long as short |
| Orderly PERP_PONS_USDC_mythos | −0.288% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| SoDEX PONS-USD | −0.278% | +0.0100% | 1h | $28K | $476K | 3x | as long as short |
| Polymarket Perps PONS-USD | −0.239% | +0.0100% | 1h | $81K | $1.8M | 3x | as long as short |
| Nado PONS-PERP | −0.226% | +0.0662% | 1h | $116K | $71K | 5x | as long as short |
| BloFin PONS-USDT | −0.195% | +0.0872% | 4h | $1.9M | $918K | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix PONS | −0.135% | +0.1767% | 1h | $26K | $45K | 3x | as long as short |
| SunX PONS-USDT | −0.107% | +0.0100% | 4h | — | $1.3M | 10x | as long as short |
| Extended PONS-USDlong | 0.000% | +0.0632% | 1h | $160K | $472K | 5x | |
| BingX PONS-USDT | +0.026% | +0.0668% | 4h | — | $2.9M | — | as long as short |
| Aster PONSUSDT | +0.054% | +0.0439% | 4h | $1.1M | $2.2M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.100% | +0.0560% | 4h | $1.9M | $2.8M | 20x | as long as short |
| HTX PONS-USDT | +0.107% | +0.0100% | 4h | $66K | $493K | 20x | as long as short |
| Binance PONSUSDT | +0.167% | +0.0632% | 4h | $42.8M | $93.7M | 20x | as long as short |
| Pacifica PONS | +0.173% | +0.0472% | 1h | $49K | $166K | 3x | as long as short |
| Bybit PONSUSDT | +0.199% | +0.0754% | 4h | $20.8M | $26.9M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.199% | +0.0172% | 4h | $15.1M | $56.8M | 20x | as long as short |
| MEXC PONS_USDT | +0.199% | +0.0630% | 4h | $8.2M | $4.9M | 20x | as long as short |
| Lighter PONS | +0.213% | +0.1968% | 1h | $1.8M | $710K | 3x | as long as short |
| Lighter RH PONS | +0.213% | +0.0248% | 1h | $445K | $2.1M | 3x | as long as short |
| Bitget PONSUSDT | +0.230% | +0.0594% | 4h | $5.0M | $10.7M | 20x | as long as short |
| Gate PONS_USDTshort | +0.246% | +0.0382% | 4h | $5.7M | $6.8M | 20x | |
| Hyperliquid PONS | +0.254% | +0.1492% | 1h | $64.9M | $26.0M | 3x | as long as short |
| edgeX PONSUSDC | +0.308% | +0.0662% | 4h | $22K | $290K | 10x | as long as short |
| Variational Omni PONS | +0.388% | +0.0574% | 4h | $1.9M | $3.3M | — | as long as short |
| ApeX Omni PONSUSDT | +0.575% | +0.0100% | 1h | $40K | $316K | 5x | as long as short |