After costs, if the gap returns to its 7d average, $10k−$81
spread now−0.120%7d average+0.063%fees + slippage, in and out−$63spread needed0.631%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate PONS_USDT | 0.5821 | −0.0138 | get 0.0069% / 4h | 1h 34m | $5.2M | $7.2M | 20x |
| Short | MEXC PONS_USDT | 0.5814 | 0.0264 | get 0.0132% / 4h | 1h 34m | $7.0M | $5.3M | 20x |
Gate PONS_USDT
MEXC PONS_USDTPrice 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
- −$12.03
- Funding while held
- $12.06
- Slippage, 4 orders
- −$48.08
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$63.05
- Spread needed to break even
- 0.631%
Slippage from Gate: live order book, 1 min ago; MEXC: live order book, 5 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0402%
- Per $10,000 a day
- +$12.06
- 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, 1 min ago | 2.58 bp | 26.4 bp −$26 | 199.2 bp −$1,992 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 0.86 bp | 6.0 bp −$6 | 14.4 bp −$144 | 362.8 bp −$36.3K | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapestBybit0.5808+1.220%OKX0.5811+1.272%BingX0.5811+1.272%Hyperliquid0.5812+1.297%Phemex0.5813+1.307%Bitget0.5814+1.316%SoDEX0.5814+1.323%Binance0.5814+1.325%
Injective
Bybit
OKX
BingX
Hyperliquid
Phemex
Bitget
SoDEX
BinanceMEXC0.5814+1.325%
Aevo0.5816+1.363%SunX0.5817+1.377%KuCoin0.5818+1.392%Aster0.5818+1.393%Extended0.5819+1.407%Lighter RH0.5820+1.427%Lighter0.5820+1.431%
Aevo
SunX
KuCoin
Aster
Extended
Lighter RH
LighterGate0.5821+1.446%
Orderly0.5824+1.494%Pacifica0.5825+1.511%Nado0.5826+1.541%gTrade (Gains Network)0.5827+1.548%Popdex0.5829+1.586%edgeX0.5829+1.592%Phoenix0.5830+1.603%BloFin0.5830+1.603%HTX0.5834+1.670%Polymarket Perps0.5834+1.671%Variational Omni0.5835+1.685%ApeX Omni0.5842+1.818%
Orderly
Pacifica
Nado
gTrade (Gains Network)
Popdex
Phoenix
BloFin
HTX
Polymarket Perps
Variational Omni
ApeX OmniPONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −1.426% | +0.0033% | 1h | $590 | $3K | 5.5x | as long as short |
| Bybit PONSUSDT | −0.223% | +0.0100% | 4h | $16.9M | $31.2M | 20x | as long as short |
| OKX PONS-USDT-SWAP | −0.172% | +0.0173% | 4h | $12.9M | $55.3M | 20x | as long as short |
| BingX PONS-USDT | −0.172% | +0.0262% | 4h | — | $3.3M | — | as long as short |
| Hyperliquid PONS | −0.148% | +0.0100% | 1h | $57.8M | $29.8M | 3x | as long as short |
| Phemex PONSUSDT | −0.137% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
| Bitget PONSUSDT | −0.129% | +0.0134% | 4h | $4.5M | $11.6M | 20x | as long as short |
| SoDEX PONS-USD | −0.122% | +0.0100% | 1h | $26K | $534K | 3x | as long as short |
| Binance PONSUSDT | −0.120% | +0.0265% | 4h | $37.5M | $99.4M | 20x | as long as short |
| MEXC PONS_USDTshort | −0.120% | +0.0264% | 4h | $7.0M | $5.3M | 20x |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aevo PONS-PERP | −0.082% | +0.0144% | 1h | $362 | — | 3x | as long as short |
| SunX PONS-USDT | −0.069% | +0.0100% | 4h | — | $1.3M | 10x | as long as short |
| KuCoin PONSUSDTM | −0.053% | +0.0100% | 4h | $1.7M | $3.5M | 20x | as long as short |
| Aster PONSUSDT | −0.053% | +0.0100% | 4h | $1.1M | $2.1M | 20x | as long as short |
| Extended PONS-USD | −0.039% | +0.0264% | 1h | $87K | $542K | 5x | as long as short |
| Lighter RH PONS | −0.019% | +0.0360% | 1h | $414K | $2.4M | 3x | as long as short |
| Lighter PONS | −0.015% | +0.0928% | 1h | $1.7M | $868K | 3x | as long as short |
| Gate PONS_USDTlong | 0.000% | −0.0138% | 4h | $5.2M | $7.2M | 20x | |
| Orderly PERP_PONS_USDC_mythos | +0.046% | +0.0100% | 4h | $2K | $3K | 10x | as long as short |
| Pacifica PONS | +0.064% | +0.0157% | 1h | $46K | $116K | 3x | as long as short |
| Nado PONS-PERP | +0.093% | +0.0100% | 1h | $72K | $94K | 5x | as long as short |
| gTrade (Gains Network) PONS/USD | +0.100% | L +0.0032% / S −0.0032% | 1h | $211K | — | 150x | as long as short |
| Popdex PONSUSDT | +0.137% | +0.0096% | 1h | $20K | $512K | 20x | as long as short |
| edgeX PONSUSDC | +0.143% | +0.0278% | 4h | $20K | $292K | 10x | as long as short |
| Phoenix PONS | +0.155% | +0.1299% | 1h | $24K | $70K | 3x | as long as short |
| BloFin PONS-USDT | +0.155% | +0.0505% | 4h | $1.7M | $975K | 20x | as long as short |
| HTX PONS-USDT | +0.220% | +0.0100% | 4h | $62K | $499K | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.222% | +0.0423% | 1h | $72K | $1.8M | 3x | as long as short |
| Variational Omni PONS | +0.235% | +0.0100% | 4h | $1.3M | $4.1M | — | as long as short |
| ApeX Omni PONSUSDT | +0.366% | +0.0100% | 1h | $34K | $317K | 5x | as long as short |