After costs, if the gap returns to its 7d average, $10k−$136
spread now+0.044%7d average+0.016%fees + slippage, in and out−$139spread needed1.390%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin PONSUSDTM | 0.6314 | 0.0534 | pay 0.0267% / 4h | 49m 26s | $1.8M | $3.0M | 20x |
| Short | Nado PONS-PERP | 0.6317 | 0.0680 | get 0.0085% / 1h | 49m 26s | $116K | $71K | 5x |
KuCoin PONSUSDTM
Nado PONS-PERPPrice 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
- $4.43
- Funding while held
- $4.38
- Slippage, 4 orders
- −$127
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Nado: 0 bp × 2 orders
- $0
- Net
- −$130.18
- Spread needed to break even
- 1.390%
Slippage from KuCoin: live order book, 4 min ago; Nado: live order book, 60 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0146%
- Per $10,000 a day
- +$4.38
- 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, 4 min ago | 2.91 bp | 24.6 bp −$25 | doesn't fit | doesn't fit | doesn't fit |
| Sell Nado live order book, 60 min ago | 13.93 bp | 50.9 bp −$51 | doesn't fit | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapest
BingX0.6310+9.969%OKX0.6311+9.986%gTrade (Gains Network)0.6312+10.001%Aster0.6314+10.037%
Injective
BingX
OKX
gTrade (Gains Network)
AsterKuCoin0.6314+10.042%
Bitget0.6315+10.054%Bybit0.6315+10.056%MEXC0.6316+10.073%
Bitget
Bybit
MEXCNado0.6317+10.091%
Polymarket Perps0.6317+10.092%Extended0.6317+10.095%Aevo0.6318+10.099%Popdex0.6319+10.125%Binance0.6320+10.136%Orderly0.6321+10.166%Pacifica0.6322+10.179%Lighter RH0.6323+10.193%Hyperliquid0.6323+10.204%SunX0.6324+10.206%Gate0.6325+10.230%Lighter0.6328+10.277%SoDEX0.6331+10.343%BloFin0.6333+10.369%Phemex0.6336+10.422%edgeX0.6341+10.507%ApeX Omni0.6343+10.539%HTX0.6359+10.826%Phoenix0.6365+10.922%Variational Omni0.6368+10.974%
Polymarket Perps
Extended
Aevo
Popdex
Binance
Orderly
Pacifica
Lighter RH
Hyperliquid
SunX
Gate
Lighter
SoDEX
BloFin
Phemex
ApeX Omni
HTX
Phoenix
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 | −9.125% | +0.0033% | 1h | $590 | $15K | 5.5x | as long as short |
| BingX PONS-USDT | −0.067% | +0.0716% | 4h | — | $2.9M | — | as long as short |
| OKX PONS-USDT-SWAP | −0.051% | +0.0177% | 4h | $14.9M | $55.7M | 20x | as long as short |
| gTrade (Gains Network) PONS/USD | −0.037% | L +0.0032% / S −0.0031% | 1h | $228K | — | 150x | as long as short |
| Aster PONSUSDT | −0.005% | +0.0397% | 4h | $1.1M | $2.2M | 20x | as long as short |
| KuCoin PONSUSDTMlong | 0.000% | +0.0534% | 4h | $1.8M | $3.0M | 20x | |
| Bitget PONSUSDT | +0.011% | +0.0558% | 4h | $4.9M | $10.7M | 20x | as long as short |
| Bybit PONSUSDT | +0.013% | +0.0753% | 4h | $20.5M | $26.8M | 20x | as long as short |
| MEXC PONS_USDT | +0.029% | +0.0624% | 4h | $8.1M | $4.9M | 20x | as long as short |
| Nado PONS-PERPshort | +0.044% | +0.0680% | 1h | $116K | $71K | 5x |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Polymarket Perps PONS-USD | +0.046% | +0.0570% | 1h | $76K | $1.8M | 3x | as long as short |
| Extended PONS-USD | +0.049% | +0.0616% | 1h | $160K | $471K | 5x | as long as short |
| Aevo PONS-PERP | +0.052% | +0.0240% | 1h | $394 | — | 3x | as long as short |
| Popdex PONSUSDT | +0.076% | +0.0096% | 1h | $20K | $470K | 20x | as long as short |
| Binance PONSUSDT | +0.086% | +0.0617% | 4h | $42.4M | $93.0M | 20x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.112% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| Pacifica PONS | +0.124% | +0.0472% | 1h | $48K | $166K | 3x | as long as short |
| Lighter RH PONS | +0.138% | +0.0248% | 1h | $438K | $2.2M | 3x | as long as short |
| Hyperliquid PONS | +0.147% | +0.1132% | 1h | $64.5M | $26.0M | 3x | as long as short |
| SunX PONS-USDT | +0.149% | +0.0100% | 4h | — | $1.3M | 10x | as long as short |
| Gate PONS_USDT | +0.171% | +0.0100% | 4h | $5.7M | $6.9M | 20x | as long as short |
| Lighter PONS | +0.214% | +0.1128% | 1h | $1.8M | $711K | 3x | as long as short |
| SoDEX PONS-USD | +0.274% | +0.0100% | 1h | $28K | $478K | 3x | as long as short |
| BloFin PONS-USDT | +0.298% | +0.0865% | 4h | $1.9M | $922K | 20x | as long as short |
| Phemex PONSUSDT | +0.345% | +0.0100% | 4h | $1.8M | $3.3M | 20x | as long as short |
| edgeX PONSUSDC | +0.423% | +0.0632% | 4h | $22K | $289K | 10x | as long as short |
| ApeX Omni PONSUSDT | +0.451% | +0.0100% | 1h | $40K | $317K | 5x | as long as short |
| HTX PONS-USDT | +0.713% | +0.0100% | 4h | $66K | $494K | 20x | as long as short |
| Phoenix PONS | +0.800% | +0.1489% | 1h | $26K | $51K | 3x | as long as short |
| Variational Omni PONS | +0.847% | +0.0598% | 4h | $1.9M | $3.4M | — | as long as short |