After costs, if the gap returns to its 7d average, $10k−$73
spread now+0.062%7d average+0.074%fees + slippage, in and out−$72spread needed0.721%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended PONS-USD | 0.6343 | 0.0696 | pay 0.0087% / 1h | 48m 22s | $161K | $464K | 5x |
| Short | Lighter PONS | 0.6347 | 0.0760 | get 0.0095% / 1h | 48m 22s | $1.8M | $729K | 3x |
Extended PONS-USD
Lighter PONSPrice 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
- $6.24
- Funding while held
- $1.92
- Slippage, 4 orders
- −$67.11
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$63.96
- Spread needed to break even
- 0.721%
Slippage from Extended: live order book, 6 min ago; Lighter: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0064%
- Per $10,000 a day
- +$1.92
- 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, 6 min ago | 11.10 bp | 26.6 bp −$27 | 168.9 bp −$1,689 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 6.38 bp | 13.5 bp −$14 | 23.9 bp −$239 | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapest
Phoenix0.6328+10.289%SoDEX0.6339+10.469%Nado0.6339+10.473%Aevo0.6339+10.481%Lighter RH0.6343+10.551%
Injective
Phoenix
SoDEX
Nado
Aevo
Lighter RHExtended0.6343+10.551%
BloFin0.6344+10.561%edgeX0.6345+10.571%gTrade (Gains Network)0.6345+10.573%Pacifica0.6346+10.600%
BloFin
gTrade (Gains Network)
PacificaLighter0.6347+10.620%
BingX0.6348+10.631%Phemex0.6348+10.631%Aster0.6348+10.636%SunX0.6349+10.655%Gate0.6350+10.666%Variational Omni0.6352+10.707%HTX0.6353+10.718%Bitget0.6354+10.730%Polymarket Perps0.6354+10.730%OKX0.6355+10.753%ApeX Omni0.6356+10.767%Popdex0.6356+10.770%MEXC0.6356+10.770%KuCoin0.6356+10.777%Bybit0.6357+10.788%Binance0.6359+10.817%Hyperliquid0.6359+10.823%Orderly0.6361+10.866%
BingX
Phemex
Aster
SunX
Gate
Variational Omni
HTX
Bitget
Polymarket Perps
OKX
ApeX Omni
Popdex
MEXC
KuCoin
Bybit
Binance
Hyperliquid
OrderlyPONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −9.544% | +0.0033% | 1h | $590 | $15K | 5.5x | as long as short |
| Phoenix PONS | −0.237% | +0.1767% | 1h | $26K | $45K | 3x | as long as short |
| SoDEX PONS-USD | −0.075% | +0.0100% | 1h | $29K | $466K | 3x | as long as short |
| Nado PONS-PERP | −0.071% | +0.0554% | 1h | $116K | $67K | 5x | as long as short |
| Aevo PONS-PERP | −0.064% | +0.0256% | 1h | $395 | — | 3x | as long as short |
| Lighter RH PONS | −0.001% | +0.0200% | 1h | $450K | $2.2M | 3x | as long as short |
| Extended PONS-USDlong | 0.000% | +0.0696% | 1h | $161K | $464K | 5x | |
| BloFin PONS-USDT | +0.009% | +0.0935% | 4h | $1.9M | $904K | 20x | as long as short |
| edgeX PONSUSDC | +0.017% | +0.0710% | 4h | $22K | $288K | 10x | as long as short |
| gTrade (Gains Network) PONS/USD | +0.020% | L +0.0032% / S −0.0032% | 1h | $227K | — | 150x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Pacifica PONS | +0.044% | +0.0858% | 1h | $49K | $176K | 3x | as long as short |
| Lighter PONSshort | +0.062% | +0.0760% | 1h | $1.8M | $729K | 3x | |
| BingX PONS-USDT | +0.072% | +0.0730% | 4h | — | $2.9M | — | as long as short |
| Phemex PONSUSDT | +0.072% | +0.0100% | 4h | $1.8M | $3.4M | 20x | as long as short |
| Aster PONSUSDT | +0.076% | +0.0417% | 4h | $1.1M | $2.2M | 20x | as long as short |
| SunX PONS-USDT | +0.094% | +0.0100% | 4h | — | $1.2M | 10x | as long as short |
| Gate PONS_USDT | +0.103% | +0.1166% | 4h | $5.7M | $7.0M | 20x | as long as short |
| Variational Omni PONS | +0.141% | +0.0542% | 4h | $1.8M | $3.3M | — | as long as short |
| HTX PONS-USDT | +0.151% | +0.0100% | 4h | $66K | $492K | 20x | as long as short |
| Bitget PONSUSDT | +0.162% | +0.0752% | 4h | $5.0M | $10.3M | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.162% | +0.0393% | 1h | $64K | $1.7M | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.182% | +0.0238% | 4h | $15.2M | $56.5M | 20x | as long as short |
| ApeX Omni PONSUSDT | +0.195% | −0.0047% | 1h | $40K | $320K | 5x | as long as short |
| Popdex PONSUSDT | +0.198% | +0.0096% | 1h | $20K | $470K | 20x | as long as short |
| MEXC PONS_USDT | +0.198% | +0.0694% | 4h | $8.2M | $4.8M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.204% | +0.0580% | 4h | $2.3M | $2.1M | 20x | as long as short |
| Bybit PONSUSDT | +0.214% | +0.0684% | 4h | $20.3M | $26.1M | 20x | as long as short |
| Binance PONSUSDT | +0.240% | +0.0689% | 4h | $42.8M | $92.5M | 20x | as long as short |
| Hyperliquid PONS | +0.245% | +0.1018% | 1h | $64.5M | $25.3M | 3x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.285% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |