After costs, if the gap returns to its 7d average, $10k−$4,602
spread now+0.231%7d average+0.215%fees + slippage, in and out−$4,604spread needed46.039%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) PONS/USD | 0.6348 | L +0.0032% / S −0.0032% | pay 0.0004% / 1h | 43m 43s | $227K | — | 150x |
| Short | Lighter PONS | 0.6363 | 0.0888 | get 0.0111% / 1h | 43m 43s | $1.8M | $729K | 3x |
gTrade (Gains Network) 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
- $23.06
- Funding while held
- $25.68
- Slippage, 4 orders
- −$4,591.95
- Fee gTrade (Gains Network): 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$4,555.21
- Spread needed to break even
- 46.039%
Slippage from gTrade (Gains Network): virtual book (oracle venue), 12 min ago; Lighter: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0856%
- Per $10,000 a day
- +$25.68
- 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), 12 min ago | 130.01 bp | 2119.7 bp −$2,120 | 16868.2 bp −$168.7K | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 6.06 bp | 6.1 bp −$6 | 10.7 bp −$107 | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapest
Phoenix0.6345+10.586%OKX0.6346+10.596%Variational Omni0.6347+10.610%
Injective
Phoenix
OKX
Variational OmnigTrade (Gains Network)0.6348+10.635%
edgeX0.6349+10.646%Bitget0.6350+10.661%Bybit0.6352+10.701%BingX0.6354+10.735%ApeX Omni0.6354+10.737%SoDEX0.6355+10.762%Binance0.6356+10.774%Pacifica0.6357+10.787%MEXC0.6357+10.788%Gate0.6358+10.805%Orderly0.6358+10.805%KuCoin0.6359+10.814%Phemex0.6359+10.823%SunX0.6360+10.837%Aster0.6361+10.852%Aevo0.6361+10.857%Extended0.6362+10.868%Lighter RH0.6363+10.889%
Bitget
Bybit
BingX
ApeX Omni
SoDEX
Binance
Pacifica
MEXC
Gate
Orderly
KuCoin
Phemex
SunX
Aster
Aevo
Extended
Lighter RHLighter0.6363+10.891%
Hyperliquid0.6363+10.901%Nado0.6365+10.927%Polymarket Perps0.6369+10.993%BloFin0.6370+11.014%Popdex0.6372+11.049%HTX0.6379+11.168%
Hyperliquid
Nado
Polymarket Perps
BloFin
Popdex
HTXPONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −9.613% | +0.0033% | 1h | $590 | $15K | 5.5x | as long as short |
| Phoenix PONS | −0.045% | +0.1767% | 1h | $26K | $45K | 3x | as long as short |
| OKX PONS-USDT-SWAP | −0.036% | +0.0217% | 4h | $15.2M | $56.4M | 20x | as long as short |
| Variational Omni PONS | −0.023% | +0.0527% | 4h | $1.8M | $3.3M | — | as long as short |
| gTrade (Gains Network) PONS/USDlong | 0.000% | L +0.0032% / S −0.0032% | 1h | $227K | — | 150x | |
| edgeX PONSUSDC | +0.010% | +0.0702% | 4h | $22K | $289K | 10x | as long as short |
| Bitget PONSUSDT | +0.023% | +0.0732% | 4h | $5.0M | $10.4M | 20x | as long as short |
| Bybit PONSUSDT | +0.059% | +0.0638% | 4h | $20.2M | $26.1M | 20x | as long as short |
| BingX PONS-USDT | +0.090% | +0.0718% | 4h | — | $2.9M | — | as long as short |
| ApeX Omni PONSUSDT | +0.092% | +0.0100% | 1h | $40K | $319K | 5x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SoDEX PONS-USD | +0.114% | +0.0100% | 1h | $29K | $463K | 3x | as long as short |
| Binance PONSUSDT | +0.126% | +0.0687% | 4h | $42.7M | $92.5M | 20x | as long as short |
| Pacifica PONS | +0.137% | +0.0858% | 1h | $49K | $176K | 3x | as long as short |
| MEXC PONS_USDT | +0.138% | +0.0684% | 4h | $8.2M | $4.8M | 20x | as long as short |
| Gate PONS_USDT | +0.153% | +0.1056% | 4h | $5.7M | $7.1M | 20x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.153% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| KuCoin PONSUSDTM | +0.161% | +0.0568% | 4h | $2.3M | $2.1M | 20x | as long as short |
| Phemex PONSUSDT | +0.169% | +0.0100% | 4h | $1.8M | $3.4M | 20x | as long as short |
| SunX PONS-USDT | +0.182% | +0.0100% | 4h | — | $1.2M | 10x | as long as short |
| Aster PONSUSDT | +0.196% | +0.0422% | 4h | $1.1M | $2.2M | 20x | as long as short |
| Aevo PONS-PERP | +0.201% | +0.0256% | 1h | $396 | — | 3x | as long as short |
| Extended PONS-USD | +0.211% | +0.0688% | 1h | $161K | $464K | 5x | as long as short |
| Lighter RH PONS | +0.229% | +0.0272% | 1h | $453K | $2.2M | 3x | as long as short |
| Lighter PONSshort | +0.231% | +0.0888% | 1h | $1.8M | $729K | 3x | |
| Hyperliquid PONS | +0.240% | +0.0987% | 1h | $64.5M | $25.4M | 3x | as long as short |
| Nado PONS-PERP | +0.263% | +0.0536% | 1h | $117K | $67K | 5x | as long as short |
| Polymarket Perps PONS-USD | +0.324% | +0.0442% | 1h | $64K | $1.7M | 3x | as long as short |
| BloFin PONS-USDT | +0.342% | +0.0926% | 4h | $2.0M | $908K | 20x | as long as short |
| Popdex PONSUSDT | +0.374% | +0.0096% | 1h | $20K | $470K | 20x | as long as short |
| HTX PONS-USDT | +0.481% | +0.0100% | 4h | $67K | $493K | 20x | as long as short |