After costs, if the gap returns to its 7d average, $10k−$368
spread now−0.288%7d average+0.027%fees + slippage, in and out−$337spread needed3.366%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX PONS-USDT | 0.5936 | 0.0100 | pay 0.0050% / 4h | 2h 39m | $63K | $496K | 20x |
| Short | Bitget PONSUSDT | 0.5919 | 0.0178 | get 0.0089% / 4h | 2h 39m | $4.6M | $11.3M | 20x |
HTX PONS-USDT
Bitget 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
- −$28.81
- Funding while held
- $2.34
- Slippage, 4 orders
- −$312.59
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$363.06
- Spread needed to break even
- 3.366%
Slippage from HTX: live order book, 65 min ago; Bitget: live order book, 5 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0078%
- Per $10,000 a day
- +$2.34
- 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 HTX live order book, 65 min ago | 34.43 bp | 152.7 bp −$153 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 1.84 bp | 23.1 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapestKuCoin0.5914+3.069%Bybit0.5916+3.102%BingX0.5916+3.102%Gate0.5917+3.120%MEXC0.5917+3.120%SoDEX0.5918+3.139%Binance0.5918+3.139%Hyperliquid0.5918+3.142%gTrade (Gains Network)0.5919+3.152%OKX0.5919+3.154%Phemex0.5919+3.154%
Injective
KuCoin
Bybit
BingX
Gate
MEXC
SoDEX
Binance
Hyperliquid
gTrade (Gains Network)
OKX
PhemexBitget0.5919+3.158%
Aster0.5919+3.161%Lighter RH0.5920+3.170%Extended0.5921+3.181%Aevo0.5921+3.189%Orderly0.5922+3.205%SunX0.5924+3.242%Lighter0.5924+3.243%Polymarket Perps0.5925+3.252%Popdex0.5925+3.259%Pacifica0.5925+3.263%Nado0.5928+3.303%BloFin0.5932+3.381%
Aster
Lighter RH
Extended
Aevo
Orderly
SunX
Lighter
Polymarket Perps
Popdex
Pacifica
Nado
BloFinHTX0.5936+3.456%
Variational Omni0.5936+3.456%Phoenix0.5948+3.660%edgeX0.5961+3.888%ApeX Omni0.5967+3.994%
Variational Omni
Phoenix
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 | −3.340% | +0.0033% | 1h | $590 | $7K | 5.5x | as long as short |
| KuCoin PONSUSDTM | −0.374% | +0.0114% | 4h | $1.7M | $3.3M | 20x | as long as short |
| Bybit PONSUSDT | −0.342% | +0.0100% | 4h | $17.7M | $30.0M | 20x | as long as short |
| BingX PONS-USDT | −0.342% | +0.0372% | 4h | — | $3.2M | — | as long as short |
| Gate PONS_USDT | −0.325% | +0.0100% | 4h | $5.3M | $7.7M | 20x | as long as short |
| MEXC PONS_USDT | −0.325% | +0.0362% | 4h | $7.3M | $5.2M | 20x | as long as short |
| SoDEX PONS-USD | −0.307% | +0.0100% | 1h | $26K | $506K | 3x | as long as short |
| Binance PONSUSDT | −0.306% | +0.0356% | 4h | $38.6M | $97.8M | 20x | as long as short |
| Hyperliquid PONS | −0.303% | +0.0259% | 1h | $59.1M | $29.1M | 3x | as long as short |
| gTrade (Gains Network) PONS/USD | −0.293% | L +0.0032% / S −0.0032% | 1h | $214K | — | 150x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| OKX PONS-USDT-SWAP | −0.291% | +0.0140% | 4h | $13.2M | $55.7M | 20x | as long as short |
| Phemex PONSUSDT | −0.291% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
| Bitget PONSUSDTshort | −0.288% | +0.0178% | 4h | $4.6M | $11.3M | 20x | |
| Aster PONSUSDT | −0.285% | +0.0100% | 4h | $1.1M | $2.1M | 20x | as long as short |
| Lighter RH PONS | −0.276% | +0.0240% | 1h | $410K | $2.3M | 3x | as long as short |
| Extended PONS-USD | −0.265% | +0.0360% | 1h | $88K | $543K | 5x | as long as short |
| Aevo PONS-PERP | −0.258% | +0.0168% | 1h | $369 | — | 3x | as long as short |
| Orderly PERP_PONS_USDC_mythos | −0.243% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| SunX PONS-USDT | −0.207% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| Lighter PONS | −0.206% | +0.0632% | 1h | $1.7M | $853K | 3x | as long as short |
| Polymarket Perps PONS-USD | −0.197% | +0.0341% | 1h | $48K | $1.8M | 3x | as long as short |
| Popdex PONSUSDT | −0.190% | +0.0096% | 1h | $18K | $493K | 20x | as long as short |
| Pacifica PONS | −0.186% | +0.0285% | 1h | $49K | $119K | 3x | as long as short |
| Nado PONS-PERP | −0.148% | +0.0241% | 1h | $113K | $72K | 5x | as long as short |
| BloFin PONS-USDT | −0.072% | +0.0602% | 4h | $1.7M | $975K | 20x | as long as short |
| HTX PONS-USDTlong | 0.000% | +0.0100% | 4h | $63K | $496K | 20x | |
| Variational Omni PONS | 0.000% | +0.0143% | 4h | $1.2M | $3.9M | — | as long as short |
| Phoenix PONS | +0.197% | +0.1523% | 1h | $24K | $61K | 3x | as long as short |
| edgeX PONSUSDC | +0.418% | +0.0398% | 4h | $21K | $293K | 10x | as long as short |
| ApeX Omni PONSUSDT | +0.521% | +0.0100% | 1h | $30K | $320K | 5x | as long as short |