After costs, if the gap returns to its 7d average, $10k−$183
spread now−0.068%7d average+0.018%fees + slippage, in and out−$174spread needed1.740%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended PONS-USD | 0.5892 | 0.0352 | pay 0.0044% / 1h | 59m 42s | $88K | $537K | 5x |
| Short | SoDEX PONS-USD | 0.5888 | 0.0100 | get 0.0013% / 1h | 59m 42s | $26K | $504K | 3x |
Extended PONS-USD
SoDEX PONS-USDPrice 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
- −$6.85
- Funding while held
- −$7.56
- Slippage, 4 orders
- −$160.95
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$188.36
- Spread needed to break even
- 1.740%
Slippage from Extended: live order book, 45 min ago; SoDEX: live order book, 45 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0252%
- Per $10,000 a day
- −$7.56
- 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, 45 min ago | 8.59 bp | 22.4 bp −$22 | 138.5 bp −$1,385 | doesn't fit | doesn't fit |
| Sell SoDEX live order book, 45 min ago | 2.43 bp | 68.1 bp −$68 | doesn't fit | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapestHyperliquid0.5881+2.485%Bitget0.5882+2.503%MEXC0.5882+2.510%Bybit0.5883+2.527%KuCoin0.5884+2.537%OKX0.5884+2.544%Pacifica0.5884+2.551%Lighter RH0.5885+2.562%Binance0.5886+2.573%Aster0.5887+2.593%Gate0.5887+2.597%SunX0.5888+2.612%
Injective
Hyperliquid
Bitget
MEXC
Bybit
KuCoin
OKX
Pacifica
Lighter RH
Binance
Aster
Gate
SunXSoDEX0.5888+2.614%
gTrade (Gains Network)0.5888+2.617%BingX0.5889+2.632%Lighter0.5891+2.659%BloFin0.5891+2.666%
gTrade (Gains Network)
BingX
Lighter
BloFinExtended0.5892+2.684%
ApeX Omni0.5892+2.689%Aevo0.5894+2.723%Orderly0.5896+2.747%Phemex0.5901+2.841%Variational Omni0.5903+2.873%Polymarket Perps0.5911+3.008%Nado0.5916+3.094%HTX0.5919+3.156%Popdex0.5921+3.189%Phoenix0.5924+3.238%edgeX0.5925+3.251%
ApeX Omni
Aevo
Orderly
Phemex
Variational Omni
Polymarket Perps
Nado
HTX
Popdex
PhoenixPONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −2.614% | +0.0033% | 1h | $590 | $11K | 5.5x | as long as short |
| Hyperliquid PONS | −0.194% | +0.0574% | 1h | $58.9M | $28.8M | 3x | as long as short |
| Bitget PONSUSDT | −0.177% | +0.0204% | 4h | $4.5M | $11.2M | 20x | as long as short |
| MEXC PONS_USDT | −0.170% | +0.0352% | 4h | $7.0M | $5.1M | 20x | as long as short |
| Bybit PONSUSDT | −0.153% | +0.0259% | 4h | $17.8M | $29.5M | 20x | as long as short |
| KuCoin PONSUSDTM | −0.143% | +0.0188% | 4h | $1.7M | $3.3M | 20x | as long as short |
| OKX PONS-USDT-SWAP | −0.136% | +0.0134% | 4h | $13.0M | $54.6M | 20x | as long as short |
| Pacifica PONS | −0.130% | +0.0616% | 1h | $48K | $119K | 3x | as long as short |
| Lighter RH PONS | −0.119% | +0.0616% | 1h | $421K | $2.3M | 3x | as long as short |
| Binance PONSUSDT | −0.109% | +0.0354% | 4h | $38.3M | $97.6M | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aster PONSUSDT | −0.089% | +0.0100% | 4h | $1.0M | $2.1M | 20x | as long as short |
| Gate PONS_USDT | −0.085% | +0.0016% | 4h | $5.3M | $7.6M | 20x | as long as short |
| SunX PONS-USDT | −0.070% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| SoDEX PONS-USDshort | −0.068% | +0.0100% | 1h | $26K | $504K | 3x | |
| gTrade (Gains Network) PONS/USD | −0.066% | L +0.0032% / S −0.0031% | 1h | $212K | — | 150x | as long as short |
| BingX PONS-USDT | −0.052% | +0.0382% | 4h | — | $3.2M | — | as long as short |
| Lighter PONS | −0.024% | +0.0976% | 1h | $1.7M | $827K | 3x | as long as short |
| BloFin PONS-USDT | −0.018% | +0.0591% | 4h | $1.7M | $954K | 20x | as long as short |
| Extended PONS-USDlong | 0.000% | +0.0352% | 1h | $88K | $537K | 5x | |
| ApeX Omni PONSUSDT | +0.004% | +0.0100% | 1h | $27K | $319K | 5x | as long as short |
| Aevo PONS-PERP | +0.037% | +0.0168% | 1h | $367 | — | 3x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.060% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| Phemex PONSUSDT | +0.152% | +0.0103% | 4h | $1.7M | $3.3M | 20x | as long as short |
| Variational Omni PONS | +0.184% | +0.0325% | 4h | $1.2M | $3.9M | — | as long as short |
| Polymarket Perps PONS-USD | +0.315% | +0.0480% | 1h | $44K | $1.8M | 3x | as long as short |
| Nado PONS-PERP | +0.399% | +0.0303% | 1h | $112K | $71K | 5x | as long as short |
| HTX PONS-USDT | +0.459% | +0.0100% | 4h | $63K | $498K | 20x | as long as short |
| Popdex PONSUSDT | +0.492% | +0.0096% | 1h | $18K | $492K | 20x | as long as short |
| Phoenix PONS | +0.539% | +0.1528% | 1h | $24K | $61K | 3x | as long as short |
| edgeX PONSUSDC | +0.552% | +0.0389% | 4h | $21K | $292K | 10x | as long as short |