After costs, if the gap returns to its 7d average, $10k−$4,719
spread now+0.225%7d average+0.264%fees + slippage, in and out−$4,715spread needed47.148%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) PONS/USD | 0.5885 | L +0.0032% / S −0.0031% | pay 0.0004% / 1h | 54m 39s | $212K | — | 150x |
| Short | ApeX Omni PONSUSDT | 0.5898 | 0.0100 | get 0.0013% / 1h | 54m 39s | $27K | $321K | 5x |
gTrade (Gains Network) PONS/USD
ApeX Omni PONSUSDTPrice 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
- $22.53
- Funding while held
- $2.05
- Slippage, 4 orders
- −$4,692.82
- Fee gTrade (Gains Network): 6 bp × 2 orders
- −$12
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$4,690.24
- Spread needed to break even
- 47.148%
Slippage from gTrade (Gains Network): virtual book (oracle venue), 51 min ago; ApeX Omni: live order book, 49 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0068%
- Per $10,000 a day
- +$2.05
- 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 gTrade (Gains Network) virtual book (oracle venue), 51 min ago | 130.01 bp | 2119.8 bp −$2,120 | 16868.9 bp −$168.7K | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 49 min ago | 41.89 bp | 74.6 bp −$75 | 149.9 bp −$1,499 | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapest
InjectivegTrade (Gains Network)0.5885+2.564%
Popdex0.5886+2.579%Polymarket Perps0.5887+2.605%Nado0.5888+2.621%SunX0.5889+2.639%Aevo0.5889+2.640%Aster0.5890+2.644%BloFin0.5891+2.666%SoDEX0.5891+2.675%Orderly0.5893+2.696%Variational Omni0.5894+2.715%edgeX0.5895+2.738%BingX0.5896+2.754%Gate0.5897+2.771%OKX0.5898+2.788%Phemex0.5898+2.788%
Popdex
Polymarket Perps
Nado
SunX
Aevo
Aster
BloFin
SoDEX
Orderly
Variational Omni
BingX
Gate
OKX
PhemexApeX Omni0.5898+2.795%
Binance0.5900+2.823%Extended0.5900+2.827%Pacifica0.5901+2.837%HTX0.5901+2.837%Lighter RH0.5901+2.839%Bybit0.5901+2.841%MEXC0.5901+2.841%KuCoin0.5901+2.842%Hyperliquid0.5902+2.865%Bitget0.5904+2.886%Lighter0.5904+2.888%Phoenix0.5905+2.912%
Binance
Extended
Pacifica
HTX
Lighter RH
Bybit
MEXC
KuCoin
Hyperliquid
Bitget
Lighter
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 | −2.500% | +0.0033% | 1h | $590 | $7K | 5.5x | as long as short |
| gTrade (Gains Network) PONS/USDlong | 0.000% | L +0.0032% / S −0.0031% | 1h | $212K | — | 150x | |
| Popdex PONSUSDT | +0.015% | +0.0096% | 1h | $18K | $492K | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.040% | +0.0343% | 1h | $48K | $1.8M | 3x | as long as short |
| Nado PONS-PERP | +0.055% | +0.0204% | 1h | $112K | $71K | 5x | as long as short |
| SunX PONS-USDT | +0.072% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| Aevo PONS-PERP | +0.073% | +0.0168% | 1h | $367 | — | 3x | as long as short |
| Aster PONSUSDT | +0.078% | +0.0100% | 4h | $1.1M | $2.1M | 20x | as long as short |
| BloFin PONS-USDT | +0.100% | +0.0582% | 4h | $1.6M | $959K | 20x | as long as short |
| SoDEX PONS-USD | +0.108% | +0.0100% | 1h | $26K | $502K | 3x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Orderly PERP_PONS_USDC_mythos | +0.128% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| Variational Omni PONS | +0.147% | +0.0286% | 4h | $1.2M | $3.9M | — | as long as short |
| edgeX PONSUSDC | +0.169% | +0.0350% | 4h | $21K | $291K | 10x | as long as short |
| BingX PONS-USDT | +0.185% | +0.0354% | 4h | — | $3.2M | — | as long as short |
| Gate PONS_USDT | +0.202% | +0.0072% | 4h | $5.3M | $7.6M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.219% | +0.0148% | 4h | $13.1M | $54.7M | 20x | as long as short |
| Phemex PONSUSDT | +0.219% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
| ApeX Omni PONSUSDTshort | +0.225% | +0.0100% | 1h | $27K | $321K | 5x | |
| Binance PONSUSDT | +0.253% | +0.0338% | 4h | $38.3M | $97.3M | 20x | as long as short |
| Extended PONS-USD | +0.257% | +0.0344% | 1h | $88K | $537K | 5x | as long as short |
| Pacifica PONS | +0.265% | +0.0285% | 1h | $49K | $119K | 3x | as long as short |
| HTX PONS-USDT | +0.266% | +0.0100% | 4h | $63K | $498K | 20x | as long as short |
| Lighter RH PONS | +0.268% | +0.0304% | 1h | $423K | $2.3M | 3x | as long as short |
| Bybit PONSUSDT | +0.269% | +0.0164% | 4h | $17.8M | $29.5M | 20x | as long as short |
| MEXC PONS_USDT | +0.269% | +0.0342% | 4h | $7.0M | $5.1M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.271% | +0.0158% | 4h | $1.7M | $3.3M | 20x | as long as short |
| Hyperliquid PONS | +0.293% | +0.0340% | 1h | $59.1M | $28.6M | 3x | as long as short |
| Bitget PONSUSDT | +0.314% | +0.0200% | 4h | $4.5M | $11.2M | 20x | as long as short |
| Lighter PONS | +0.315% | +0.0832% | 1h | $1.7M | $828K | 3x | as long as short |
| Phoenix PONS | +0.339% | +0.1523% | 1h | $23K | $61K | 3x | as long as short |