After costs, if the gap returns to its 7d average, $10k−$75
spread now+0.014%7d average+0.057%fees + slippage, in and out−$71spread needed0.707%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended PONS-USD | 0.6299 | 0.0616 | pay 0.0077% / 1h | 43m 06s | $95K | $537K | 5x |
| Short | Lighter RH PONS | 0.6300 | 0.0344 | get 0.0043% / 1h | 43m 06s | $435K | $2.2M | 3x |
Extended PONS-USD
Lighter RH 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
- $1.35
- Funding while held
- −$8.16
- Slippage, 4 orders
- −$65.74
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$77.54
- Spread needed to break even
- 0.707%
Slippage from Extended: live order book, 6 min ago; Lighter RH: live order book, 1 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0272%
- Per $10,000 a day
- −$8.16
- 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 | 12.60 bp | 26.3 bp −$26 | 136.1 bp −$1,361 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 1 min ago | 5.68 bp | 10.3 bp −$10 | 47.5 bp −$475 | 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)0.6293+9.675%SoDEX0.6293+9.679%BingX0.6294+9.690%Phemex0.6296+9.725%Bybit0.6297+9.742%MEXC0.6297+9.742%OKX0.6298+9.759%
Injective
gTrade (Gains Network)
SoDEX
BingX
Phemex
Bybit
MEXC
OKXExtended0.6299+9.780%
Lighter RH0.6300+9.794%
Binance0.6300+9.794%BloFin0.6300+9.794%KuCoin0.6301+9.805%Bitget0.6301+9.820%Nado0.6302+9.825%Gate0.6304+9.864%Polymarket Perps0.6305+9.875%Lighter0.6305+9.878%Popdex0.6305+9.881%Orderly0.6306+9.895%Aevo0.6306+9.904%Hyperliquid0.6308+9.934%SunX0.6308+9.937%Aster0.6312+10.008%Pacifica0.6314+10.041%HTX0.6327+10.270%edgeX0.6339+10.471%ApeX Omni0.6342+10.519%Phoenix0.6343+10.544%Variational Omni0.6353+10.723%
Binance
BloFin
KuCoin
Bitget
Nado
Gate
Polymarket Perps
Lighter
Popdex
Orderly
Aevo
Hyperliquid
SunX
Aster
Pacifica
HTX
ApeX Omni
Phoenix
Variational 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 | −8.908% | +0.0033% | 1h | $590 | $15K | 5.5x | as long as short |
| gTrade (Gains Network) PONS/USD | −0.095% | L +0.0032% / S −0.0031% | 1h | $227K | — | 150x | as long as short |
| SoDEX PONS-USD | −0.091% | +0.0100% | 1h | $28K | $484K | 3x | as long as short |
| BingX PONS-USDT | −0.082% | +0.0716% | 4h | — | $2.9M | — | as long as short |
| Phemex PONSUSDT | −0.050% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
| Bybit PONSUSDT | −0.034% | +0.0769% | 4h | $20.4M | $26.9M | 20x | as long as short |
| MEXC PONS_USDT | −0.034% | +0.0624% | 4h | $8.2M | $4.9M | 20x | as long as short |
| OKX PONS-USDT-SWAP | −0.018% | +0.0158% | 4h | $14.9M | $55.6M | 20x | as long as short |
| Extended PONS-USDlong | 0.000% | +0.0616% | 1h | $95K | $537K | 5x | |
| Lighter RH PONSshort | +0.014% | +0.0344% | 1h | $435K | $2.2M | 3x |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance PONSUSDT | +0.014% | +0.0619% | 4h | $42.4M | $93.6M | 20x | as long as short |
| BloFin PONS-USDT | +0.014% | +0.0859% | 4h | $1.9M | $920K | 20x | as long as short |
| KuCoin PONSUSDTM | +0.023% | +0.0488% | 4h | $1.8M | $3.1M | 20x | as long as short |
| Bitget PONSUSDT | +0.037% | +0.0536% | 4h | $4.9M | $10.8M | 20x | as long as short |
| Nado PONS-PERP | +0.042% | +0.0694% | 1h | $114K | $67K | 5x | as long as short |
| Gate PONS_USDT | +0.077% | +0.0100% | 4h | $5.7M | $6.9M | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.087% | +0.0568% | 1h | $76K | $1.8M | 3x | as long as short |
| Lighter PONS | +0.090% | +0.0936% | 1h | $1.8M | $714K | 3x | as long as short |
| Popdex PONSUSDT | +0.093% | +0.0096% | 1h | $20K | $470K | 20x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.106% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| Aevo PONS-PERP | +0.113% | +0.0240% | 1h | $393 | — | 3x | as long as short |
| Hyperliquid PONS | +0.141% | +0.1118% | 1h | $64.4M | $26.2M | 3x | as long as short |
| SunX PONS-USDT | +0.144% | +0.0100% | 4h | — | $1.3M | 10x | as long as short |
| Aster PONSUSDT | +0.209% | +0.0439% | 4h | $1.1M | $2.2M | 20x | as long as short |
| Pacifica PONS | +0.238% | +0.0472% | 1h | $48K | $166K | 3x | as long as short |
| HTX PONS-USDT | +0.447% | +0.0100% | 4h | $67K | $497K | 20x | as long as short |
| edgeX PONSUSDC | +0.630% | +0.0604% | 4h | $22K | $290K | 10x | as long as short |
| ApeX Omni PONSUSDT | +0.674% | +0.0100% | 1h | $40K | $318K | 5x | as long as short |
| Phoenix PONS | +0.696% | +0.1489% | 1h | $26K | $51K | 3x | as long as short |
| Variational Omni PONS | +0.859% | +0.0612% | 4h | $1.8M | $3.4M | — | as long as short |