After costs, if the gap returns to its 7d average, $10k−$4,636
spread now−0.173%7d average−0.133%fees + slippage, in and out−$4,632spread needed46.319%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin PONSUSDTM | 0.5988 | 0.0152 | pay 0.0076% / 4h | 2h 47m | $1.7M | $3.3M | 20x |
| Short | gTrade (Gains Network) PONS/USD | 0.5977 | L +0.0032% / S −0.0032% | get 0.0004% / 1h | 47m 35s | $216K | — | 150x |
KuCoin PONSUSDTM
gTrade (Gains Network) 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
- −$17.25
- Funding while held
- −$3.6
- Slippage, 4 orders
- −$4,607.92
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee gTrade (Gains Network): 6 bp × 2 orders
- −$12
- Net
- −$4,652.78
- Spread needed to break even
- 46.319%
Slippage from KuCoin: live order book, 6 min ago; gTrade (Gains Network): virtual book (oracle venue), 58 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0120%
- Per $10,000 a day
- −$3.60
- 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 KuCoin live order book, 6 min ago | 3.05 bp | 20.5 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
| Sell gTrade (Gains Network) virtual book (oracle venue), 58 min ago | 130.01 bp | 2471.3 bp −$2,471 | doesn't fit | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapestedgeX0.5913+3.053%Phoenix0.5933+3.400%Variational Omni0.5937+3.464%ApeX Omni0.5956+3.791%Polymarket Perps0.5957+3.817%BloFin0.5957+3.817%BingX0.5977+4.165%
Injective
Phoenix
Variational Omni
ApeX Omni
Polymarket Perps
BloFin
BingXgTrade (Gains Network)0.5977+4.173%
Gate0.5979+4.200%Popdex0.5980+4.217%Extended0.5980+4.220%Bitget0.5982+4.245%OKX0.5982+4.252%Orderly0.5982+4.258%SunX0.5984+4.285%MEXC0.5985+4.305%Nado0.5986+4.320%Phemex0.5986+4.322%
Gate
Popdex
Extended
Bitget
OKX
Orderly
SunX
MEXC
Nado
PhemexKuCoin0.5988+4.353%
Aevo0.5989+4.383%SoDEX0.5991+4.409%Pacifica0.5993+4.437%Binance0.5993+4.444%Bybit0.5993+4.444%Lighter RH0.5994+4.458%Aster0.5994+4.467%Hyperliquid0.5995+4.477%Lighter0.5996+4.489%HTX0.5997+4.521%
Aevo
SoDEX
Pacifica
Binance
Bybit
Lighter RH
Aster
Hyperliquid
Lighter
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 | −4.172% | +0.0033% | 1h | $590 | $7K | 5.5x | as long as short |
| edgeX PONSUSDC | −1.246% | +0.0352% | 4h | $21K | $292K | 10x | as long as short |
| Phoenix PONS | −0.914% | +0.1523% | 1h | $24K | $61K | 3x | as long as short |
| Variational Omni PONS | −0.852% | +0.0238% | 4h | $1.2M | $3.9M | — | as long as short |
| ApeX Omni PONSUSDT | −0.539% | +0.0100% | 1h | $27K | $318K | 5x | as long as short |
| Polymarket Perps PONS-USD | −0.514% | +0.0500% | 1h | $48K | $1.8M | 3x | as long as short |
| BloFin PONS-USDT | −0.514% | +0.0612% | 4h | $1.7M | $973K | 20x | as long as short |
| BingX PONS-USDT | −0.180% | +0.0350% | 4h | — | $3.2M | — | as long as short |
| gTrade (Gains Network) PONS/USDshort | −0.173% | L +0.0032% / S −0.0032% | 1h | $216K | — | 150x | |
| Gate PONS_USDT | −0.147% | +0.0100% | 4h | $5.4M | $7.7M | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Popdex PONSUSDT | −0.130% | +0.0096% | 1h | $18K | $493K | 20x | as long as short |
| Extended PONS-USD | −0.128% | +0.0368% | 1h | $89K | $543K | 5x | as long as short |
| Bitget PONSUSDT | −0.104% | +0.0196% | 4h | $4.6M | $11.2M | 20x | as long as short |
| OKX PONS-USDT-SWAP | −0.097% | +0.0152% | 4h | $13.4M | $55.9M | 20x | as long as short |
| Orderly PERP_PONS_USDC_mythos | −0.092% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| SunX PONS-USDT | −0.065% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| MEXC PONS_USDT | −0.047% | +0.0370% | 4h | $7.3M | $5.1M | 20x | as long as short |
| Nado PONS-PERP | −0.032% | +0.0302% | 1h | $114K | $72K | 5x | as long as short |
| Phemex PONSUSDT | −0.030% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
| KuCoin PONSUSDTMlong | 0.000% | +0.0152% | 4h | $1.7M | $3.3M | 20x | |
| Aevo PONS-PERP | +0.028% | +0.0176% | 1h | $373 | — | 3x | as long as short |
| SoDEX PONS-USD | +0.053% | +0.0100% | 1h | $26K | $503K | 3x | as long as short |
| Pacifica PONS | +0.080% | +0.0285% | 1h | $50K | $119K | 3x | as long as short |
| Binance PONSUSDT | +0.087% | +0.0379% | 4h | $39.0M | $97.6M | 20x | as long as short |
| Bybit PONSUSDT | +0.087% | +0.0130% | 4h | $18.0M | $29.7M | 20x | as long as short |
| Lighter RH PONS | +0.100% | +0.0432% | 1h | $429K | $2.3M | 3x | as long as short |
| Aster PONSUSDT | +0.109% | +0.0100% | 4h | $1.1M | $2.1M | 20x | as long as short |
| Hyperliquid PONS | +0.119% | +0.0393% | 1h | $60.0M | $28.9M | 3x | as long as short |
| Lighter PONS | +0.130% | +0.0968% | 1h | $1.7M | $829K | 3x | as long as short |
| HTX PONS-USDT | +0.160% | +0.0100% | 4h | $64K | $497K | 20x | as long as short |