After costs, if the gap returns to its 7d average, $10k−$296
spread now−0.040%7d average−0.066%fees + slippage, in and out−$299spread needed2.989%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX PONS-USDT | 0.6210 | 0.0100 | pay 0.0050% / 4h | 15m 43s | $66K | $496K | 20x |
| Short | Gate PONS_USDT | 0.6208 | 0.0014 | get 0.0007% / 4h | 15m 43s | $5.5M | $7.3M | 20x |
HTX PONS-USDT
Gate 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
- −$4.03
- Funding while held
- −$2.58
- Slippage, 4 orders
- −$271.92
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$305.52
- Spread needed to break even
- 2.989%
Slippage from HTX: live order book, 34 min ago; Gate: live order book, 4 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 HTX live order book, 34 min ago | 34.77 bp | 74.7 bp −$75 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 3.21 bp | 28.7 bp −$29 | 85.8 bp −$858 | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapest
BingX0.6195+7.964%gTrade (Gains Network)0.6201+8.078%Variational Omni0.6203+8.103%Phemex0.6203+8.104%KuCoin0.6204+8.121%SoDEX0.6204+8.130%Pacifica0.6205+8.137%OKX0.6205+8.139%MEXC0.6206+8.156%Nado0.6206+8.158%Binance0.6207+8.172%Bybit0.6207+8.174%Popdex0.6207+8.174%SunX0.6207+8.174%Extended0.6207+8.180%Polymarket Perps0.6208+8.184%Lighter RH0.6208+8.188%Bitget0.6208+8.189%
Injective
BingX
gTrade (Gains Network)
Variational Omni
Phemex
KuCoin
SoDEX
Pacifica
OKX
MEXC
Nado
Binance
Bybit
Popdex
SunX
Extended
Polymarket Perps
Lighter RH
BitgetGate0.6208+8.191%
Hyperliquid0.6209+8.210%Aster0.6209+8.212%Orderly0.6210+8.229%Aevo0.6210+8.233%
Hyperliquid
Aster
Orderly
AevoHTX0.6210+8.235%
Lighter0.6212+8.268%BloFin0.6214+8.296%edgeX0.6217+8.341%ApeX Omni0.6236+8.681%Phoenix0.6241+8.766%
Lighter
BloFin
ApeX Omni
PhoenixPONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −7.608% | +0.0033% | 1h | $590 | $15K | 5.5x | as long as short |
| BingX PONS-USDT | −0.250% | +0.0628% | 4h | — | $3.1M | — | as long as short |
| gTrade (Gains Network) PONS/USD | −0.145% | L +0.0032% / S −0.0031% | 1h | $224K | — | 150x | as long as short |
| Variational Omni PONS | −0.121% | +0.0540% | 4h | $1.7M | $3.5M | — | as long as short |
| Phemex PONSUSDT | −0.121% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
| KuCoin PONSUSDTM | −0.105% | +0.0336% | 4h | $1.8M | $3.1M | 20x | as long as short |
| SoDEX PONS-USD | −0.097% | +0.0100% | 1h | $28K | $472K | 3x | as long as short |
| Pacifica PONS | −0.090% | +0.0472% | 1h | $50K | $166K | 3x | as long as short |
| OKX PONS-USDT-SWAP | −0.089% | +0.0142% | 4h | $14.4M | $54.8M | 20x | as long as short |
| MEXC PONS_USDT | −0.072% | +0.0558% | 4h | $7.9M | $5.1M | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Nado PONS-PERP | −0.071% | +0.0635% | 1h | $112K | $67K | 5x | as long as short |
| Binance PONSUSDT | −0.058% | +0.0541% | 4h | $41.4M | $93.1M | 20x | as long as short |
| Bybit PONSUSDT | −0.056% | +0.0648% | 4h | $19.8M | $27.1M | 20x | as long as short |
| Popdex PONSUSDT | −0.056% | +0.0096% | 1h | $19K | $463K | 20x | as long as short |
| SunX PONS-USDT | −0.056% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| Extended PONS-USD | −0.050% | +0.0552% | 1h | $93K | $533K | 5x | as long as short |
| Polymarket Perps PONS-USD | −0.047% | +0.0536% | 1h | $67K | $1.8M | 3x | as long as short |
| Lighter RH PONS | −0.043% | +0.0384% | 1h | $432K | $2.2M | 3x | as long as short |
| Bitget PONSUSDT | −0.042% | +0.0408% | 4h | $4.8M | $10.8M | 20x | as long as short |
| Gate PONS_USDTshort | −0.040% | +0.0014% | 4h | $5.5M | $7.3M | 20x | |
| Hyperliquid PONS | −0.023% | +0.1063% | 1h | $63.1M | $26.6M | 3x | as long as short |
| Aster PONSUSDT | −0.021% | +0.0218% | 4h | $1.1M | $2.2M | 20x | as long as short |
| Orderly PERP_PONS_USDC_mythos | −0.005% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| Aevo PONS-PERP | −0.001% | +0.0216% | 1h | $387 | — | 3x | as long as short |
| HTX PONS-USDTlong | 0.000% | +0.0100% | 4h | $66K | $496K | 20x | |
| Lighter PONS | +0.031% | +0.1008% | 1h | $1.8M | $772K | 3x | as long as short |
| BloFin PONS-USDT | +0.056% | +0.0799% | 4h | $1.9M | $910K | 20x | as long as short |
| edgeX PONSUSDC | +0.098% | +0.0560% | 4h | $21K | $289K | 10x | as long as short |
| ApeX Omni PONSUSDT | +0.412% | +0.0100% | 1h | $39K | $318K | 5x | as long as short |
| Phoenix PONS | +0.491% | +0.1489% | 1h | $25K | $51K | 3x | as long as short |