After costs, if the gap returns to its 7d average, $10k−$420
spread now−0.037%7d average−0.009%fees + slippage, in and out−$417spread needed4.170%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX PONS-USDT | 0.5979 | 0.0100 | pay 0.0050% / 4h | 3h 18m | $63K | $495K | 20x |
| Short | Phemex PONSUSDT | 0.5977 | 0.0569 | get 0.0284% / 4h | 3h 18m | $1.7M | $3.3M | 20x |
HTX 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
- −$3.68
- Funding while held
- $14.06
- Slippage, 4 orders
- −$392.95
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$406.57
- Spread needed to break even
- 4.170%
Slippage from HTX: live order book, 26 min ago; Phemex: live order book, 2 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0469%
- Per $10,000 a day
- +$14.06
- 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 HTX live order book, 26 min ago | 34.43 bp | 152.7 bp −$153 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 2 min ago | 0.83 bp | 82.7 bp −$83 | doesn't fit | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapestSoDEX0.5957+3.808%Aevo0.5964+3.939%BloFin0.5965+3.956%Orderly0.5968+4.007%Aster0.5968+4.010%gTrade (Gains Network)0.5969+4.034%SunX0.5970+4.045%Gate0.5971+4.061%Nado0.5971+4.063%KuCoin0.5975+4.127%OKX0.5975+4.130%BingX0.5975+4.130%Binance0.5975+4.131%Hyperliquid0.5975+4.132%Lighter RH0.5975+4.137%Bitget0.5976+4.146%Bybit0.5976+4.148%Pacifica0.5976+4.153%Polymarket Perps0.5977+4.157%
Injective
SoDEX
Aevo
BloFin
Orderly
Aster
gTrade (Gains Network)
SunX
Gate
Nado
KuCoin
OKX
BingX
Binance
Hyperliquid
Lighter RH
Bitget
Bybit
Pacifica
Polymarket PerpsPhemex0.5977+4.165%
Extended0.5978+4.190%Popdex0.5979+4.200%MEXC0.5979+4.200%
Extended
Popdex
MEXCHTX0.5979+4.204%
Lighter0.5981+4.230%Phoenix0.5990+4.387%ApeX Omni0.6066+5.711%edgeX0.6089+6.109%Variational Omni0.6090+6.130%
Lighter
Phoenix
ApeX Omni
Variational 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 | −4.034% | +0.0033% | 1h | $590 | $11K | 5.5x | as long as short |
| SoDEX PONS-USD | −0.380% | +0.0100% | 1h | $27K | $501K | 3x | as long as short |
| Aevo PONS-PERP | −0.254% | +0.0192% | 1h | $372 | — | 3x | as long as short |
| BloFin PONS-USDT | −0.237% | +0.0669% | 4h | $1.8M | $963K | 20x | as long as short |
| Orderly PERP_PONS_USDC_mythos | −0.189% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| Aster PONSUSDT | −0.185% | +0.0100% | 4h | $1.1M | $2.1M | 20x | as long as short |
| gTrade (Gains Network) PONS/USD | −0.163% | L +0.0032% / S −0.0031% | 1h | $216K | — | 150x | as long as short |
| SunX PONS-USDT | −0.152% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| Gate PONS_USDT | −0.137% | −0.0768% | 4h | $5.4M | $7.6M | 20x | as long as short |
| Nado PONS-PERP | −0.135% | +0.0303% | 1h | $108K | $68K | 5x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin PONSUSDTM | −0.074% | +0.0196% | 4h | $1.7M | $3.2M | 20x | as long as short |
| OKX PONS-USDT-SWAP | −0.070% | +0.0138% | 4h | $13.4M | $54.2M | 20x | as long as short |
| BingX PONS-USDT | −0.070% | +0.0434% | 4h | — | $3.2M | — | as long as short |
| Binance PONSUSDT | −0.070% | +0.0393% | 4h | $39.3M | $96.1M | 20x | as long as short |
| Hyperliquid PONS | −0.069% | +0.0452% | 1h | $59.8M | $28.0M | 3x | as long as short |
| Lighter RH PONS | −0.064% | +0.0744% | 1h | $415K | $2.3M | 3x | as long as short |
| Bitget PONSUSDT | −0.055% | +0.0230% | 4h | $4.6M | $11.0M | 20x | as long as short |
| Bybit PONSUSDT | −0.054% | +0.0161% | 4h | $18.3M | $29.0M | 20x | as long as short |
| Pacifica PONS | −0.049% | +0.0616% | 1h | $49K | $123K | 3x | as long as short |
| Polymarket Perps PONS-USD | −0.045% | +0.0510% | 1h | $52K | $1.8M | 3x | as long as short |
| Phemex PONSUSDTshort | −0.037% | +0.0569% | 4h | $1.7M | $3.3M | 20x | |
| Extended PONS-USD | −0.013% | +0.0432% | 1h | $89K | $546K | 5x | as long as short |
| Popdex PONSUSDT | −0.003% | +0.0096% | 1h | $18K | $492K | 20x | as long as short |
| MEXC PONS_USDT | −0.003% | +0.0428% | 4h | $7.2M | $5.2M | 20x | as long as short |
| HTX PONS-USDTlong | 0.000% | +0.0100% | 4h | $63K | $495K | 20x | |
| Lighter PONS | +0.025% | +0.1288% | 1h | $1.7M | $788K | 3x | as long as short |
| Phoenix PONS | +0.176% | +0.1528% | 1h | $24K | $61K | 3x | as long as short |
| ApeX Omni PONSUSDT | +1.447% | +0.0100% | 1h | $38K | $317K | 5x | as long as short |
| edgeX PONSUSDC | +1.829% | +0.0465% | 4h | $21K | $292K | 10x | as long as short |
| Variational Omni PONS | +1.848% | +0.0403% | 4h | $1.3M | $3.7M | — | as long as short |