PONS

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After costs, if the gap returns to its 7d average, $10k−$112

spread now−0.179%7d average+0.085%fees + slippage, in and out−$86spread needed0.856%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PONS_USDT	0.6155	−0.0184	get 0.0092% / 4h	3h 29m	$5.5M	$7.4M	20x
Short	BingX PONS-USDT	0.6144	0.0476	get 0.0238% / 4h	3h 29m	—	$3.1M	—

Price spread history

latest

Range statsloading…

share of time at each level, last 7D

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Position, each leg$Hold forhoursFee GatebpFee BingXbpOrdersClose when spread is

Slippage from Gate: live order book, just now; BingX: live order book, 12 min ago.

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, just now	3.25 bp	30.6 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 12 min ago	0.81 bp	12.9 bp −$13	39.1 bp −$391	130.0 bp −$13.0K	doesn't fit

against the cheapest. Click to use as the short leg.

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Injective PONS/USDC PERP	−6.775%	+0.0033%	1h	$590	$11K	5.5x	as long as short
Aevo PONS-PERP	−0.220%	+0.0200%	1h	$383	—	3x	as long as short
BingX PONS-USDTshort	−0.179%	+0.0476%	4h	—	$3.1M	—
Pacifica PONS	−0.166%	+0.0616%	1h	$51K	$123K	3x	as long as short
Aster PONSUSDT	−0.165%	+0.0100%	4h	$1.1M	$2.1M	20x	as long as short
SunX PONS-USDT	−0.141%	+0.0100%	4h	—	$1.4M	10x	as long as short
OKX PONS-USDT-SWAP	−0.114%	+0.0146%	4h	$14.2M	$54.2M	20x	as long as short
Polymarket Perps PONS-USD	−0.106%	+0.0620%	1h	$60K	$1.8M	3x	as long as short
gTrade (Gains Network) PONS/USD	−0.104%	L +0.0032% / S −0.0031%	1h	$222K	—	150x	as long as short
Bybit PONSUSDT	−0.097%	+0.0624%	4h	$19.0M	$27.9M	20x	as long as short

Show all 30 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Extended PONS-USD	−0.094%	+0.0488%	1h	$92K	$539K	5x	as long as short
Lighter RH PONS	−0.080%	+0.0944%	1h	$426K	$2.3M	3x	as long as short
Binance PONSUSDT	−0.072%	+0.0488%	4h	$40.8M	$93.4M	20x	as long as short
SoDEX PONS-USD	−0.063%	+0.0100%	1h	$27K	$459K	3x	as long as short
Lighter PONS	−0.057%	+0.1424%	1h	$1.8M	$781K	3x	as long as short
KuCoin PONSUSDTM	−0.055%	+0.0252%	4h	$1.8M	$3.1M	20x	as long as short
Bitget PONSUSDT	−0.055%	+0.0260%	4h	$4.7M	$10.8M	20x	as long as short
Popdex PONSUSDT	−0.049%	+0.0096%	1h	$19K	$473K	20x	as long as short
MEXC PONS_USDT	−0.049%	+0.0494%	4h	$7.6M	$5.1M	20x	as long as short
Phemex PONSUSDT	−0.049%	+0.0100%	4h	$1.7M	$3.3M	20x	as long as short
Hyperliquid PONS	−0.041%	+0.0556%	1h	$61.9M	$27.2M	3x	as long as short
Gate PONS_USDTlong	0.000%	−0.0184%	4h	$5.5M	$7.4M	20x
Orderly PERP_PONS_USDC_mythos	+0.058%	+0.0100%	4h	$2K	$2K	10x	as long as short
Nado PONS-PERP	+0.069%	+0.0332%	1h	$111K	$68K	5x	as long as short
HTX PONS-USDT	+0.283%	+0.0100%	4h	$66K	$492K	20x	as long as short
BloFin PONS-USDT	+0.439%	+0.0734%	4h	$1.8M	$950K	20x	as long as short
Phoenix PONS	+0.442%	+0.1528%	1h	$25K	$61K	3x	as long as short
Variational Omni PONS	+0.444%	+0.0439%	4h	$1.5M	$3.6M	—	as long as short
edgeX PONSUSDC	+0.490%	+0.0515%	4h	$22K	$293K	10x	as long as short
ApeX Omni PONSUSDT	+0.569%	+0.0100%	1h	$39K	$318K	5x	as long as short