After costs, if the gap returns to its 7d average, $10k+$42
spread now+2.281%7d average+0.174%fees + slippage, in and out−$169spread needed1.689%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate PONS_USDT | 0.5980 | −0.0714 | get 0.0357% / 4h | 3h 20m | $5.4M | $7.5M | 20x |
| Short | ApeX Omni PONSUSDT | 0.6116 | 0.0100 | get 0.0013% / 1h | 20m 28s | $38K | $317K | 5x |
Gate PONS_USDT
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
- $228.09
- Funding while held
- $24.42
- Slippage, 4 orders
- −$143.9
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- $83.61
- Spread needed to break even
- 1.689%
Slippage from Gate: live order book, 4 min ago; ApeX Omni: live order book, 23 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0814%
- Per $10,000 a day
- +$24.42
- 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 Gate live order book, 4 min ago | 4.11 bp | 27.2 bp −$27 | 59.7 bp −$597 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 23 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.Injective0.5738cheapestKuCoin0.5969+4.033%BingX0.5975+4.130%
Injective
KuCoin
BingXGate0.5980+4.217%
MEXC0.5981+4.235%Polymarket Perps0.5983+4.265%Extended0.5985+4.304%Nado0.5986+4.322%Pacifica0.5987+4.337%Popdex0.5987+4.339%Binance0.5993+4.444%OKX0.5993+4.444%Bybit0.5994+4.461%Bitget0.5997+4.512%Hyperliquid0.6014+4.805%Lighter0.6016+4.845%Lighter RH0.6017+4.862%Aster0.6020+4.916%BloFin0.6066+5.716%gTrade (Gains Network)0.6066+5.724%SoDEX0.6067+5.725%SunX0.6067+5.730%Phemex0.6070+5.786%Aevo0.6070+5.795%Orderly0.6075+5.864%edgeX0.6089+6.109%Variational Omni0.6090+6.130%HTX0.6091+6.159%Phoenix0.6114+6.558%
MEXC
Polymarket Perps
Extended
Nado
Pacifica
Popdex
Binance
OKX
Bybit
Bitget
Hyperliquid
Lighter
Lighter RH
Aster
BloFin
gTrade (Gains Network)
SoDEX
SunX
Phemex
Aevo
Orderly
Variational Omni
HTX
PhoenixApeX Omni0.6116+6.595%
PONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −4.047% | +0.0033% | 1h | $590 | $11K | 5.5x | as long as short |
| KuCoin PONSUSDTM | −0.177% | +0.0202% | 4h | $1.7M | $3.1M | 20x | as long as short |
| BingX PONS-USDT | −0.084% | +0.0452% | 4h | — | $3.1M | — | as long as short |
| Gate PONS_USDTlong | 0.000% | −0.0714% | 4h | $5.4M | $7.5M | 20x | |
| MEXC PONS_USDT | +0.017% | +0.0440% | 4h | $7.2M | $5.1M | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.045% | +0.0535% | 1h | $61K | $1.8M | 3x | as long as short |
| Extended PONS-USD | +0.083% | +0.0440% | 1h | $89K | $546K | 5x | as long as short |
| Nado PONS-PERP | +0.100% | +0.0315% | 1h | $108K | $68K | 5x | as long as short |
| Pacifica PONS | +0.115% | +0.0616% | 1h | $49K | $123K | 3x | as long as short |
| Popdex PONSUSDT | +0.117% | +0.0096% | 1h | $11K | $472K | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance PONSUSDT | +0.217% | +0.0429% | 4h | $39.5M | $95.5M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.217% | +0.0137% | 4h | $13.4M | $54.1M | 20x | as long as short |
| Bybit PONSUSDT | +0.234% | +0.0214% | 4h | $18.5M | $28.8M | 20x | as long as short |
| Bitget PONSUSDT | +0.283% | +0.0240% | 4h | $4.6M | $11.0M | 20x | as long as short |
| Hyperliquid PONS | +0.564% | +0.0467% | 1h | $60.4M | $27.6M | 3x | as long as short |
| Lighter PONS | +0.602% | +0.1384% | 1h | $1.8M | $787K | 3x | as long as short |
| Lighter RH PONS | +0.619% | +0.0744% | 1h | $418K | $2.3M | 3x | as long as short |
| Aster PONSUSDT | +0.670% | +0.0100% | 4h | $1.1M | $2.1M | 20x | as long as short |
| BloFin PONS-USDT | +1.438% | +0.0681% | 4h | $1.8M | $954K | 20x | as long as short |
| gTrade (Gains Network) PONS/USD | +1.446% | L +0.0032% / S −0.0031% | 1h | $219K | — | 150x | as long as short |
| SoDEX PONS-USD | +1.446% | +0.0100% | 1h | $27K | $468K | 3x | as long as short |
| SunX PONS-USDT | +1.452% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| Phemex PONSUSDT | +1.505% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
| Aevo PONS-PERP | +1.513% | +0.0192% | 1h | $378 | — | 3x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +1.580% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| edgeX PONSUSDC | +1.815% | +0.0465% | 4h | $21K | $292K | 10x | as long as short |
| Variational Omni PONS | +1.835% | +0.0403% | 4h | $1.3M | $3.7M | — | as long as short |
| HTX PONS-USDT | +1.863% | +0.0100% | 4h | $64K | $494K | 20x | as long as short |
| Phoenix PONS | +2.246% | +0.1528% | 1h | $24K | $61K | 3x | as long as short |
| ApeX Omni PONSUSDTshort | +2.281% | +0.0100% | 1h | $38K | $317K | 5x |