After costs, if the gap returns to its 7d average, $10k−$90
spread now+0.110%7d average−0.007%fees + slippage, in and out−$101spread needed1.013%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin PONSUSDTM | 0.6148 | 0.0256 | pay 0.0128% / 4h | 3h 45m | $1.8M | $3.1M | 20x |
| Short | Extended PONS-USD | 0.6155 | 0.0480 | get 0.0060% / 1h | 45m 17s | $92K | $533K | 5x |
KuCoin PONSUSDTM
Extended PONS-USDPrice 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
- $10.96
- Funding while held
- $6.72
- Slippage, 4 orders
- −$84.3
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$83.62
- Spread needed to break even
- 1.013%
Slippage from KuCoin: live order book, 8 min ago; Extended: live order book, 64 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0224%
- Per $10,000 a day
- +$6.72
- 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 KuCoin live order book, 8 min ago | 4.13 bp | 21.2 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 64 min ago | 12.60 bp | 26.1 bp −$26 | 132.3 bp −$1,323 | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapest
Aster0.6130+6.837%SoDEX0.6134+6.901%Variational Omni0.6136+6.932%BloFin0.6136+6.936%edgeX0.6137+6.961%Aevo0.6142+7.036%Lighter RH0.6142+7.039%ApeX Omni0.6143+7.053%gTrade (Gains Network)0.6144+7.071%SunX0.6145+7.098%BingX0.6146+7.110%Pacifica0.6147+7.133%
Injective
Aster
SoDEX
Variational Omni
BloFin
Aevo
Lighter RH
ApeX Omni
gTrade (Gains Network)
SunX
BingX
PacificaKuCoin0.6148+7.142%
Nado0.6148+7.145%Phemex0.6148+7.145%Lighter0.6149+7.154%Popdex0.6149+7.163%Phoenix0.6149+7.165%Hyperliquid0.6150+7.182%Gate0.6151+7.198%Polymarket Perps0.6151+7.199%Bybit0.6152+7.215%OKX0.6152+7.215%MEXC0.6152+7.215%HTX0.6153+7.238%Binance0.6154+7.256%
Nado
Phemex
Lighter
Popdex
Phoenix
Hyperliquid
Gate
Polymarket Perps
Bybit
OKX
MEXC
HTX
BinanceExtended0.6155+7.259%
Bitget0.6156+7.281%Orderly0.6157+7.297%
Bitget
OrderlyPONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −6.666% | +0.0033% | 1h | $590 | $11K | 5.5x | as long as short |
| Aster PONSUSDT | −0.285% | +0.0100% | 4h | $1.1M | $2.1M | 20x | as long as short |
| SoDEX PONS-USD | −0.224% | +0.0100% | 1h | $27K | $465K | 3x | as long as short |
| Variational Omni PONS | −0.196% | +0.0465% | 4h | $1.5M | $3.6M | — | as long as short |
| BloFin PONS-USDT | −0.192% | +0.0733% | 4h | $1.9M | $937K | 20x | as long as short |
| edgeX PONSUSDC | −0.169% | +0.0501% | 4h | $21K | $293K | 10x | as long as short |
| Aevo PONS-PERP | −0.099% | +0.0200% | 1h | $383 | — | 3x | as long as short |
| Lighter RH PONS | −0.096% | +0.0704% | 1h | $431K | $2.2M | 3x | as long as short |
| ApeX Omni PONSUSDT | −0.083% | +0.0100% | 1h | $36K | $316K | 5x | as long as short |
| gTrade (Gains Network) PONS/USD | −0.066% | L +0.0032% / S −0.0031% | 1h | $221K | — | 150x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SunX PONS-USDT | −0.041% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| BingX PONS-USDT | −0.029% | +0.0486% | 4h | — | $3.1M | — | as long as short |
| Pacifica PONS | −0.008% | +0.0616% | 1h | $49K | $122K | 3x | as long as short |
| KuCoin PONSUSDTMlong | 0.000% | +0.0256% | 4h | $1.8M | $3.1M | 20x | |
| Nado PONS-PERP | +0.003% | +0.0345% | 1h | $111K | $69K | 5x | as long as short |
| Phemex PONSUSDT | +0.003% | +0.0195% | 4h | $1.7M | $3.3M | 20x | as long as short |
| Lighter PONS | +0.011% | +0.1416% | 1h | $1.8M | $772K | 3x | as long as short |
| Popdex PONSUSDT | +0.020% | +0.0096% | 1h | $17K | $470K | 20x | as long as short |
| Phoenix PONS | +0.021% | +0.1528% | 1h | $25K | $61K | 3x | as long as short |
| Hyperliquid PONS | +0.037% | +0.0645% | 1h | $62.0M | $27.0M | 3x | as long as short |
| Gate PONS_USDT | +0.052% | −0.2344% | 4h | $5.5M | $7.3M | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.054% | +0.0661% | 1h | $63K | $1.8M | 3x | as long as short |
| Bybit PONSUSDT | +0.068% | +0.0409% | 4h | $19.4M | $27.4M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.068% | +0.0157% | 4h | $14.2M | $54.2M | 20x | as long as short |
| MEXC PONS_USDT | +0.068% | +0.0486% | 4h | $7.5M | $5.0M | 20x | as long as short |
| HTX PONS-USDT | +0.089% | +0.0100% | 4h | $66K | $491K | 20x | as long as short |
| Binance PONSUSDT | +0.106% | +0.0482% | 4h | $40.8M | $93.1M | 20x | as long as short |
| Extended PONS-USDshort | +0.110% | +0.0480% | 1h | $92K | $533K | 5x | |
| Bitget PONSUSDT | +0.130% | +0.0304% | 4h | $4.8M | $10.8M | 20x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.145% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |