After costs, if the gap returns to its 7d average, $10k−$52
spread now−0.017%7d average−0.013%fees + slippage, in and out−$52spread needed0.521%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid PONS | 0.5934 | 0.0405 | pay 0.0051% / 1h | 7m 17s | $59.4M | $28.3M | 3x |
| Short | Bitget PONSUSDT | 0.5933 | 0.0218 | get 0.0109% / 4h | 3h 07m | $4.6M | $11.1M | 20x |
Hyperliquid PONS
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
- −$1.69
- Funding while held
- −$5.6
- Slippage, 4 orders
- −$31.12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$59.4
- Spread needed to break even
- 0.521%
Slippage from Hyperliquid: live order book, 8 min ago; Bitget: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0187%
- Per $10,000 a day
- −$5.60
- 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 Hyperliquid live order book, 8 min ago | 1.42 bp | 9.4 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 3.03 bp | 11.6 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapestOKX0.5927+3.294%Bybit0.5928+3.311%Binance0.5929+3.335%KuCoin0.5931+3.367%SunX0.5931+3.369%SoDEX0.5932+3.381%Lighter0.5933+3.397%Lighter RH0.5933+3.398%Popdex0.5933+3.398%BingX0.5933+3.398%
Injective
OKX
Bybit
Binance
KuCoin
SunX
SoDEX
Lighter
Lighter RH
Popdex
BingXBitget0.5933+3.404%
Aster0.5934+3.410%BloFin0.5934+3.416%gTrade (Gains Network)0.5934+3.418%Extended0.5934+3.418%
Aster
BloFin
gTrade (Gains Network)
ExtendedHyperliquid0.5934+3.421%
Polymarket Perps0.5935+3.432%Aevo0.5935+3.433%Pacifica0.5935+3.437%MEXC0.5936+3.451%Nado0.5937+3.461%Gate0.5937+3.468%Orderly0.5942+3.548%Phemex0.5945+3.608%Phoenix0.5947+3.642%ApeX Omni0.5948+3.665%edgeX0.5951+3.713%Variational Omni0.5958+3.835%HTX0.5959+3.845%
Polymarket Perps
Aevo
Pacifica
MEXC
Nado
Gate
Orderly
Phemex
Phoenix
ApeX Omni
Variational Omni
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 | −3.308% | +0.0033% | 1h | $590 | $11K | 5.5x | as long as short |
| OKX PONS-USDT-SWAP | −0.123% | +0.0137% | 4h | $13.3M | $54.2M | 20x | as long as short |
| Bybit PONSUSDT | −0.106% | +0.0312% | 4h | $18.1M | $29.2M | 20x | as long as short |
| Binance PONSUSDT | −0.084% | +0.0376% | 4h | $38.6M | $96.5M | 20x | as long as short |
| KuCoin PONSUSDTM | −0.052% | +0.0208% | 4h | $1.7M | $3.3M | 20x | as long as short |
| SunX PONS-USDT | −0.051% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| SoDEX PONS-USD | −0.039% | +0.0100% | 1h | $26K | $503K | 3x | as long as short |
| Lighter PONS | −0.024% | +0.1096% | 1h | $1.7M | $833K | 3x | as long as short |
| Lighter RH PONS | −0.022% | +0.0608% | 1h | $411K | $2.3M | 3x | as long as short |
| Popdex PONSUSDT | −0.022% | +0.0096% | 1h | $18K | $492K | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BingX PONS-USDT | −0.022% | +0.0386% | 4h | — | $3.2M | — | as long as short |
| Bitget PONSUSDTshort | −0.017% | +0.0218% | 4h | $4.6M | $11.1M | 20x | |
| Aster PONSUSDT | −0.011% | +0.0100% | 4h | $1.1M | $2.1M | 20x | as long as short |
| BloFin PONS-USDT | −0.005% | +0.0616% | 4h | $1.8M | $950K | 20x | as long as short |
| gTrade (Gains Network) PONS/USD | −0.003% | L +0.0032% / S −0.0031% | 1h | $214K | — | 150x | as long as short |
| Extended PONS-USD | −0.002% | +0.0376% | 1h | $89K | $537K | 5x | as long as short |
| Hyperliquid PONSlong | 0.000% | +0.0405% | 1h | $59.4M | $28.3M | 3x | |
| Polymarket Perps PONS-USD | +0.010% | +0.0499% | 1h | $53K | $1.8M | 3x | as long as short |
| Aevo PONS-PERP | +0.012% | +0.0176% | 1h | $370 | — | 3x | as long as short |
| Pacifica PONS | +0.016% | +0.0616% | 1h | $49K | $119K | 3x | as long as short |
| MEXC PONS_USDT | +0.029% | +0.0378% | 4h | $7.2M | $5.2M | 20x | as long as short |
| Nado PONS-PERP | +0.039% | +0.0315% | 1h | $113K | $71K | 5x | as long as short |
| Gate PONS_USDT | +0.045% | −0.0084% | 4h | $5.3M | $7.7M | 20x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.123% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| Phemex PONSUSDT | +0.180% | +0.0211% | 4h | $1.7M | $3.3M | 20x | as long as short |
| Phoenix PONS | +0.214% | +0.1528% | 1h | $24K | $61K | 3x | as long as short |
| ApeX Omni PONSUSDT | +0.236% | +0.0100% | 1h | $29K | $321K | 5x | as long as short |
| edgeX PONSUSDC | +0.282% | +0.0391% | 4h | $21K | $292K | 10x | as long as short |
| Variational Omni PONS | +0.400% | +0.0371% | 4h | $1.2M | $3.9M | — | as long as short |
| HTX PONS-USDT | +0.409% | +0.0100% | 4h | $63K | $497K | 20x | as long as short |