After costs, if the gap returns to its 7d average, $10k−$68
spread now+0.076%7d average+0.017%fees + slippage, in and out−$74spread needed0.735%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin PONSUSDTM | 0.5827 | 0.0100 | pay 0.0050% / 4h | 1h 48m | $1.7M | $3.5M | 20x |
| Short | Lighter RH PONS | 0.5831 | 0.0784 | get 0.0098% / 1h | 48m 56s | $418K | $2.4M | 3x |
KuCoin PONSUSDTM
Lighter RH PONSPrice 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
- $7.55
- Funding while held
- $20.52
- Slippage, 4 orders
- −$61.51
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$45.44
- Spread needed to break even
- 0.735%
Slippage from KuCoin: live order book, 5 min ago; Lighter RH: live order book, 6 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0684%
- Per $10,000 a day
- +$20.52
- 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, 5 min ago | 5.38 bp | 23.5 bp −$23 | 123.1 bp −$1,231 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 6 min ago | 2.05 bp | 12.0 bp −$12 | 53.9 bp −$539 | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapestgTrade (Gains Network)0.5825+1.513%Bybit0.5826+1.534%
Injective
gTrade (Gains Network)
BybitKuCoin0.5827+1.542%
Extended0.5828+1.566%BingX0.5828+1.568%Nado0.5829+1.586%OKX0.5829+1.586%MEXC0.5829+1.586%Aster0.5829+1.588%Hyperliquid0.5829+1.593%Bitget0.5829+1.595%SunX0.5830+1.605%SoDEX0.5830+1.605%Binance0.5830+1.609%Variational Omni0.5831+1.615%ApeX Omni0.5831+1.616%
Extended
BingX
Nado
OKX
MEXC
Aster
Hyperliquid
Bitget
SunX
SoDEX
Binance
Variational Omni
ApeX OmniLighter RH0.5831+1.619%
Gate0.5831+1.621%Phemex0.5831+1.621%BloFin0.5831+1.621%Polymarket Perps0.5832+1.635%Popdex0.5833+1.656%Aevo0.5834+1.678%Pacifica0.5839+1.756%Lighter0.5839+1.757%Orderly0.5839+1.769%Phoenix0.5841+1.792%edgeX0.5843+1.838%HTX0.5851+1.973%
Gate
Phemex
BloFin
Polymarket Perps
Popdex
Aevo
Pacifica
Lighter
Orderly
Phoenix
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 | −1.519% | +0.0033% | 1h | $590 | $3K | 5.5x | as long as short |
| gTrade (Gains Network) PONS/USD | −0.029% | L +0.0032% / S −0.0032% | 1h | $211K | — | 150x | as long as short |
| Bybit PONSUSDT | −0.009% | +0.0100% | 4h | $17.0M | $31.2M | 20x | as long as short |
| KuCoin PONSUSDTMlong | 0.000% | +0.0100% | 4h | $1.7M | $3.5M | 20x | |
| Extended PONS-USD | +0.024% | +0.0296% | 1h | $87K | $545K | 5x | as long as short |
| BingX PONS-USDT | +0.026% | +0.0300% | 4h | — | $3.3M | — | as long as short |
| Nado PONS-PERP | +0.043% | +0.0100% | 1h | $72K | $95K | 5x | as long as short |
| OKX PONS-USDT-SWAP | +0.043% | +0.0163% | 4h | $13.0M | $55.9M | 20x | as long as short |
| MEXC PONS_USDT | +0.043% | +0.0296% | 4h | $7.0M | $5.3M | 20x | as long as short |
| Aster PONSUSDT | +0.045% | +0.0100% | 4h | $1.1M | $2.1M | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Hyperliquid PONS | +0.050% | +0.0100% | 1h | $58.0M | $29.8M | 3x | as long as short |
| Bitget PONSUSDT | +0.051% | +0.0134% | 4h | $4.6M | $11.6M | 20x | as long as short |
| SunX PONS-USDT | +0.062% | +0.0100% | 4h | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USD | +0.062% | +0.0100% | 1h | $26K | $533K | 3x | as long as short |
| Binance PONSUSDT | +0.065% | +0.0293% | 4h | $37.6M | $99.8M | 20x | as long as short |
| Variational Omni PONS | +0.071% | +0.0100% | 4h | $1.3M | $4.1M | — | as long as short |
| ApeX Omni PONSUSDT | +0.072% | +0.0100% | 1h | $28K | $317K | 5x | as long as short |
| Lighter RH PONSshort | +0.076% | +0.0784% | 1h | $418K | $2.4M | 3x | |
| Gate PONS_USDT | +0.077% | +0.0022% | 4h | $5.2M | $7.2M | 20x | as long as short |
| Phemex PONSUSDT | +0.077% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
| BloFin PONS-USDT | +0.077% | +0.0533% | 4h | $1.7M | $977K | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.091% | +0.0485% | 1h | $69K | $1.8M | 3x | as long as short |
| Popdex PONSUSDT | +0.112% | +0.0096% | 1h | $19K | $511K | 20x | as long as short |
| Aevo PONS-PERP | +0.134% | +0.0160% | 1h | $363 | — | 3x | as long as short |
| Pacifica PONS | +0.210% | +0.0157% | 1h | $46K | $119K | 3x | as long as short |
| Lighter PONS | +0.211% | +0.1096% | 1h | $1.7M | $867K | 3x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.223% | +0.0100% | 4h | $2K | $3K | 10x | as long as short |
| Phoenix PONS | +0.245% | +0.1299% | 1h | $24K | $70K | 3x | as long as short |
| edgeX PONSUSDC | +0.291% | +0.0295% | 4h | $20K | $292K | 10x | as long as short |
| HTX PONS-USDT | +0.424% | +0.0100% | 4h | $62K | $499K | 20x | as long as short |