After costs, if the gap returns to its 7d average, $10k−$87
spread now+0.017%7d average+0.021%fees + slippage, in and out−$86spread needed0.862%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate PONS_USDT | 0.5815 | 0.0014 | pay 0.0007% / 4h | 1h 56m | $5.2M | $7.2M | 20x |
| Short | Bybit PONSUSDT | 0.5816 | 0.0100 | get 0.0050% / 4h | 1h 56m | $17.0M | $31.1M | 20x |
Gate PONS_USDT
Bybit 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
- $1.72
- Funding while held
- $2.58
- Slippage, 4 orders
- −$60.25
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$81.95
- Spread needed to break even
- 0.862%
Slippage from Gate: live order book, 3 min ago; Bybit: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0086%
- Per $10,000 a day
- +$2.58
- 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, 3 min ago | 1.72 bp | 28.8 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 0.86 bp | 24.3 bp −$24 | 47.0 bp −$470 | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapestPhoenix0.5797+1.023%Variational Omni0.5798+1.047%gTrade (Gains Network)0.5800+1.088%edgeX0.5801+1.103%HTX0.5802+1.108%Pacifica0.5802+1.122%Aevo0.5805+1.162%ApeX Omni0.5805+1.168%Phemex0.5805+1.168%Nado0.5805+1.168%Lighter RH0.5806+1.185%Polymarket Perps0.5806+1.194%SoDEX0.5806+1.194%SunX0.5807+1.197%Popdex0.5807+1.203%BloFin0.5809+1.237%Lighter0.5810+1.258%OKX0.5811+1.272%Aster0.5811+1.276%Orderly0.5813+1.298%
Injective
Phoenix
Variational Omni
gTrade (Gains Network)
HTX
Pacifica
Aevo
ApeX Omni
Phemex
Nado
Lighter RH
Polymarket Perps
SoDEX
SunX
Popdex
BloFin
Lighter
OKX
Aster
OrderlyGate0.5815+1.342%
Hyperliquid0.5816+1.351%
HyperliquidBybit0.5816+1.359%
BingX0.5816+1.359%Binance0.5817+1.377%Extended0.5818+1.396%Bitget0.5818+1.398%MEXC0.5820+1.429%KuCoin0.5820+1.429%
BingX
Binance
Extended
Bitget
MEXC
KuCoinPONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −1.324% | +0.0033% | 1h | $590 | $3K | 5.5x | as long as short |
| Phoenix PONS | −0.315% | +0.1299% | 1h | $24K | $70K | 3x | as long as short |
| Variational Omni PONS | −0.291% | +0.0100% | 4h | $1.3M | $4.1M | — | as long as short |
| gTrade (Gains Network) PONS/USD | −0.251% | L +0.0032% / S −0.0032% | 1h | $210K | — | 150x | as long as short |
| edgeX PONSUSDC | −0.236% | +0.0293% | 4h | $20K | $291K | 10x | as long as short |
| HTX PONS-USDT | −0.230% | +0.0100% | 4h | $61K | $498K | 20x | as long as short |
| Pacifica PONS | −0.217% | +0.0157% | 1h | $46K | $119K | 3x | as long as short |
| Aevo PONS-PERP | −0.177% | +0.0152% | 1h | $362 | — | 3x | as long as short |
| ApeX Omni PONSUSDT | −0.172% | +0.0100% | 1h | $28K | $318K | 5x | as long as short |
| Phemex PONSUSDT | −0.172% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Nado PONS-PERP | −0.172% | +0.0100% | 1h | $72K | $95K | 5x | as long as short |
| Lighter RH PONS | −0.155% | +0.0736% | 1h | $402K | $2.3M | 3x | as long as short |
| Polymarket Perps PONS-USD | −0.146% | +0.0574% | 1h | $72K | $1.8M | 3x | as long as short |
| SoDEX PONS-USD | −0.146% | +0.0100% | 1h | $26K | $534K | 3x | as long as short |
| SunX PONS-USDT | −0.143% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| Popdex PONSUSDT | −0.138% | +0.0096% | 1h | $19K | $511K | 20x | as long as short |
| BloFin PONS-USDT | −0.103% | +0.0520% | 4h | $1.7M | $964K | 20x | as long as short |
| Lighter PONS | −0.083% | +0.0896% | 1h | $1.7M | $867K | 3x | as long as short |
| OKX PONS-USDT-SWAP | −0.069% | +0.0157% | 4h | $13.0M | $55.6M | 20x | as long as short |
| Aster PONSUSDT | −0.065% | +0.0100% | 4h | $1.0M | $2.1M | 20x | as long as short |
| Orderly PERP_PONS_USDC_mythos | −0.043% | +0.0100% | 4h | $2K | $3K | 10x | as long as short |
| Gate PONS_USDTlong | 0.000% | +0.0014% | 4h | $5.2M | $7.2M | 20x | |
| Hyperliquid PONS | +0.009% | +0.0100% | 1h | $57.8M | $29.8M | 3x | as long as short |
| Bybit PONSUSDTshort | +0.017% | +0.0100% | 4h | $17.0M | $31.1M | 20x | |
| BingX PONS-USDT | +0.017% | +0.0290% | 4h | — | $3.3M | — | as long as short |
| Binance PONSUSDT | +0.034% | +0.0280% | 4h | $37.5M | $99.7M | 20x | as long as short |
| Extended PONS-USD | +0.053% | +0.0280% | 1h | $86K | $545K | 5x | as long as short |
| Bitget PONSUSDT | +0.055% | +0.0130% | 4h | $4.6M | $11.6M | 20x | as long as short |
| MEXC PONS_USDT | +0.086% | +0.0272% | 4h | $7.0M | $5.3M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.086% | +0.0100% | 4h | $1.7M | $3.5M | 20x | as long as short |