PONS

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After costs, if the gap returns to its 7d average, $10k−$282

spread now+0.186%7d average+0.066%fees + slippage, in and out−$294spread needed2.938%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PONS_USDT	0.6227	−0.0302	get 0.0151% / 4h	3m 16s	$5.6M	$7.4M	20x
Short	HTX PONS-USDT	0.6239	0.0100	get 0.0050% / 4h	3m 16s	$66K	$491K	20x

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 HTXbpOrdersClose when spread is

Slippage from Gate: live order book, 2 min ago; HTX: live order book, 47 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, 2 min ago	2.41 bp	19.9 bp −$20	141.5 bp −$1,415	doesn't fit	doesn't fit
Sell HTX live order book, 47 min ago	34.77 bp	170.1 bp −$170	doesn't fit	doesn't fit	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	−7.853%	+0.0033%	1h	$590	$15K	5.5x	as long as short
SoDEX PONS-USD	−0.204%	+0.0100%	1h	$28K	$464K	3x	as long as short
Phemex PONSUSDT	−0.177%	+0.0100%	4h	$1.7M	$3.3M	20x	as long as short
Aevo PONS-PERP	−0.143%	+0.0216%	1h	$387	—	3x	as long as short
BingX PONS-USDT	−0.128%	+0.0606%	4h	—	$3.1M	—	as long as short
Pacifica PONS	−0.104%	+0.0472%	1h	$50K	$126K	3x	as long as short
Lighter RH PONS	−0.074%	+0.0456%	1h	$427K	$2.3M	3x	as long as short
KuCoin PONSUSDTM	−0.067%	+0.0290%	4h	$1.8M	$3.2M	20x	as long as short
gTrade (Gains Network) PONS/USD	−0.067%	L +0.0032% / S −0.0031%	1h	$224K	—	150x	as long as short
Nado PONS-PERP	−0.033%	+0.0581%	1h	$113K	$68K	5x	as long as short

Show all 30 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Bybit PONSUSDT	−0.032%	+0.0619%	4h	$19.9M	$27.2M	20x	as long as short
OKX PONS-USDT-SWAP	−0.032%	+0.0141%	4h	$14.4M	$54.9M	20x	as long as short
Aster PONSUSDT	−0.029%	+0.0203%	4h	$1.1M	$2.1M	20x	as long as short
Binance PONSUSDT	−0.022%	+0.0536%	4h	$41.4M	$92.7M	20x	as long as short
Extended PONS-USD	−0.016%	+0.0536%	1h	$93K	$533K	5x	as long as short
Gate PONS_USDTlong	0.000%	−0.0302%	4h	$5.6M	$7.4M	20x
MEXC PONS_USDT	0.000%	+0.0550%	4h	$7.8M	$5.1M	20x	as long as short
Lighter PONS	+0.005%	+0.1160%	1h	$1.8M	$776K	3x	as long as short
Popdex PONSUSDT	+0.016%	+0.0096%	1h	$19K	$455K	20x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.019%	+0.0100%	4h	$2K	$2K	10x	as long as short
Polymarket Perps PONS-USD	+0.032%	+0.0548%	1h	$65K	$1.8M	3x	as long as short
Bitget PONSUSDT	+0.058%	+0.0360%	4h	$4.8M	$10.7M	20x	as long as short
BloFin PONS-USDT	+0.064%	+0.0790%	4h	$1.9M	$922K	20x	as long as short
SunX PONS-USDT	+0.067%	+0.0100%	4h	—	$1.4M	10x	as long as short
Hyperliquid PONS	+0.071%	+0.1014%	1h	$63.3M	$26.6M	3x	as long as short
Phoenix PONS	+0.101%	+0.1489%	1h	$25K	$51K	3x	as long as short
edgeX PONSUSDC	+0.155%	+0.0570%	4h	$21K	$291K	10x	as long as short
HTX PONS-USDTshort	+0.186%	+0.0100%	4h	$66K	$491K	20x
Variational Omni PONS	+0.389%	+0.0519%	4h	$1.7M	$3.4M	—	as long as short
ApeX Omni PONSUSDT	+0.424%	+0.0100%	1h	$39K	$314K	5x	as long as short