After costs, if the gap returns to its 7d average, $10k−$143
spread now−0.048%7d average+0.058%fees + slippage, in and out−$132spread needed1.320%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate PONS_USDT | 0.6214 | 0.0100 | pay 0.0050% / 4h | 20m 40s | $5.5M | $7.2M | 20x |
| Short | Phemex PONSUSDT | 0.6211 | 0.0100 | get 0.0050% / 4h | 20m 40s | $1.7M | $3.3M | 20x |
Gate PONS_USDT
Phemex 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
- −$4.83
- Funding while held
- $0
- Slippage, 4 orders
- −$105.02
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$136.84
- Spread needed to break even
- 1.320%
Slippage from Gate: live order book, 4 min ago; Phemex: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- 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 | 4.05 bp | 19.1 bp −$19 | 202.3 bp −$2,023 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 4 min ago | 0.81 bp | 49.3 bp −$49 | doesn't fit | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapest
edgeX0.6179+7.685%BingX0.6198+8.017%ApeX Omni0.6199+8.038%Aevo0.6206+8.153%Bybit0.6206+8.156%KuCoin0.6206+8.158%gTrade (Gains Network)0.6207+8.170%OKX0.6208+8.191%Variational Omni0.6211+8.243%
Injective
BingX
ApeX Omni
Aevo
Bybit
KuCoin
gTrade (Gains Network)
OKX
Variational OmniPhemex0.6211+8.243%
Extended0.6211+8.245%Phoenix0.6211+8.249%Binance0.6212+8.261%Pacifica0.6212+8.261%Aster0.6213+8.275%Bitget0.6213+8.275%SoDEX0.6213+8.285%Popdex0.6214+8.296%
Extended
Phoenix
Binance
Pacifica
Aster
Bitget
SoDEX
PopdexGate0.6214+8.296%
Polymarket Perps0.6214+8.299%MEXC0.6215+8.313%Lighter RH0.6216+8.323%SunX0.6216+8.330%Lighter0.6217+8.348%Hyperliquid0.6218+8.358%BloFin0.6219+8.383%Orderly0.6220+8.397%Nado0.6222+8.435%HTX0.6227+8.527%
Polymarket Perps
MEXC
Lighter RH
SunX
Lighter
Hyperliquid
BloFin
Orderly
Nado
HTXPONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −7.660% | +0.0033% | 1h | $590 | $15K | 5.5x | as long as short |
| edgeX PONSUSDC | −0.564% | +0.0555% | 4h | $21K | $288K | 10x | as long as short |
| BingX PONS-USDT | −0.257% | +0.0634% | 4h | — | $3.1M | — | as long as short |
| ApeX Omni PONSUSDT | −0.238% | +0.0100% | 1h | $39K | $318K | 5x | as long as short |
| Aevo PONS-PERP | −0.131% | +0.0216% | 1h | $387 | — | 3x | as long as short |
| Bybit PONSUSDT | −0.129% | +0.0660% | 4h | $19.8M | $27.2M | 20x | as long as short |
| KuCoin PONSUSDTM | −0.127% | +0.0356% | 4h | $1.8M | $3.2M | 20x | as long as short |
| gTrade (Gains Network) PONS/USD | −0.116% | L +0.0032% / S −0.0031% | 1h | $224K | — | 150x | as long as short |
| OKX PONS-USDT-SWAP | −0.097% | +0.0155% | 4h | $14.4M | $55.0M | 20x | as long as short |
| Variational Omni PONS | −0.049% | +0.0558% | 4h | $1.7M | $3.5M | — | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phemex PONSUSDTshort | −0.048% | +0.0100% | 4h | $1.7M | $3.3M | 20x | |
| Extended PONS-USD | −0.046% | +0.0552% | 1h | $93K | $535K | 5x | as long as short |
| Phoenix PONS | −0.043% | +0.1489% | 1h | $25K | $51K | 3x | as long as short |
| Binance PONSUSDT | −0.032% | +0.0552% | 4h | $41.4M | $94.2M | 20x | as long as short |
| Pacifica PONS | −0.032% | +0.0472% | 1h | $47K | $166K | 3x | as long as short |
| Aster PONSUSDT | −0.019% | +0.0213% | 4h | $1.1M | $2.2M | 20x | as long as short |
| Bitget PONSUSDT | −0.019% | +0.0422% | 4h | $4.8M | $10.8M | 20x | as long as short |
| SoDEX PONS-USD | −0.010% | +0.0100% | 1h | $28K | $483K | 3x | as long as short |
| Popdex PONSUSDT | 0.000% | +0.0096% | 1h | $19K | $471K | 20x | as long as short |
| Gate PONS_USDTlong | 0.000% | +0.0100% | 4h | $5.5M | $7.2M | 20x | |
| Polymarket Perps PONS-USD | +0.003% | +0.0484% | 1h | $67K | $1.8M | 3x | as long as short |
| MEXC PONS_USDT | +0.016% | +0.0550% | 4h | $7.9M | $5.1M | 20x | as long as short |
| Lighter RH PONS | +0.026% | +0.0352% | 1h | $429K | $2.2M | 3x | as long as short |
| SunX PONS-USDT | +0.032% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| Lighter PONS | +0.048% | +0.1000% | 1h | $1.8M | $772K | 3x | as long as short |
| Hyperliquid PONS | +0.058% | +0.1055% | 1h | $63.1M | $26.6M | 3x | as long as short |
| BloFin PONS-USDT | +0.080% | +0.0792% | 4h | $1.9M | $911K | 20x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.093% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| Nado PONS-PERP | +0.129% | +0.0647% | 1h | $113K | $67K | 5x | as long as short |
| HTX PONS-USDT | +0.214% | +0.0100% | 4h | $66K | $496K | 20x | as long as short |