After costs, if the gap returns to its 7d average, $10k−$127
spread now−0.099%7d average+0.022%fees + slippage, in and out−$115spread needed1.151%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin PONSUSDTM | 0.5957 | 0.0156 | pay 0.0078% / 4h | 2h 49m | $1.7M | $3.3M | 20x |
| Short | Phemex PONSUSDT | 0.5951 | 0.0100 | get 0.0050% / 4h | 2h 49m | $1.7M | $3.3M | 20x |
KuCoin PONSUSDTM
Phemex 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
- −$9.9
- Funding while held
- −$1.68
- Slippage, 4 orders
- −$91.12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$126.7
- Spread needed to break even
- 1.151%
Slippage from KuCoin: live order book, 4 min ago; Phemex: live order book, 6 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0056%
- Per $10,000 a day
- −$1.68
- 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 | 3.05 bp | 20.5 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 6 min ago | 4.24 bp | 34.5 bp −$35 | 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%gTrade (Gains Network)0.5941+3.531%Aevo0.5943+3.579%SoDEX0.5944+3.587%Gate0.5946+3.625%BingX0.5947+3.642%Pacifica0.5947+3.644%Orderly0.5947+3.646%Lighter RH0.5947+3.648%Aster0.5948+3.653%Extended0.5950+3.688%Binance0.5950+3.694%
Injective
Phoenix
Variational Omni
gTrade (Gains Network)
Aevo
SoDEX
Gate
BingX
Pacifica
Orderly
Lighter RH
Aster
Extended
BinancePhemex0.5951+3.712%
SunX0.5952+3.724%Lighter0.5952+3.738%Popdex0.5954+3.764%MEXC0.5954+3.764%Nado0.5955+3.787%ApeX Omni0.5956+3.791%OKX0.5956+3.799%
SunX
Lighter
Popdex
MEXC
Nado
ApeX Omni
OKXKuCoin0.5957+3.815%
Polymarket Perps0.5957+3.815%Bybit0.5957+3.817%Bitget0.5959+3.848%Hyperliquid0.5960+3.872%BloFin0.5961+3.886%HTX0.5965+3.954%
Polymarket Perps
Bybit
Bitget
Hyperliquid
BloFin
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 | −3.675% | +0.0033% | 1h | $590 | $7K | 5.5x | as long as short |
| edgeX PONSUSDC | −0.734% | +0.0352% | 4h | $21K | $292K | 10x | as long as short |
| Phoenix PONS | −0.400% | +0.1523% | 1h | $24K | $61K | 3x | as long as short |
| Variational Omni PONS | −0.338% | +0.0238% | 4h | $1.2M | $3.9M | — | as long as short |
| gTrade (Gains Network) PONS/USD | −0.274% | L +0.0032% / S −0.0032% | 1h | $215K | — | 150x | as long as short |
| Aevo PONS-PERP | −0.227% | +0.0168% | 1h | $370 | — | 3x | as long as short |
| SoDEX PONS-USD | −0.220% | +0.0100% | 1h | $26K | $502K | 3x | as long as short |
| Gate PONS_USDT | −0.183% | +0.0100% | 4h | $5.3M | $7.6M | 20x | as long as short |
| BingX PONS-USDT | −0.166% | +0.0350% | 4h | — | $3.2M | — | as long as short |
| Pacifica PONS | −0.165% | +0.0285% | 1h | $49K | $119K | 3x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Orderly PERP_PONS_USDC_mythos | −0.163% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| Lighter RH PONS | −0.161% | +0.0432% | 1h | $425K | $2.3M | 3x | as long as short |
| Aster PONSUSDT | −0.156% | +0.0100% | 4h | $1.1M | $2.1M | 20x | as long as short |
| Extended PONS-USD | −0.122% | +0.0368% | 1h | $89K | $540K | 5x | as long as short |
| Binance PONSUSDT | −0.117% | +0.0372% | 4h | $38.7M | $97.4M | 20x | as long as short |
| Phemex PONSUSDTshort | −0.099% | +0.0100% | 4h | $1.7M | $3.3M | 20x | |
| SunX PONS-USDT | −0.087% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| Lighter PONS | −0.074% | +0.0944% | 1h | $1.7M | $829K | 3x | as long as short |
| Popdex PONSUSDT | −0.049% | +0.0096% | 1h | $18K | $493K | 20x | as long as short |
| MEXC PONS_USDT | −0.049% | +0.0370% | 4h | $7.2M | $5.1M | 20x | as long as short |
| Nado PONS-PERP | −0.027% | +0.0264% | 1h | $113K | $71K | 5x | as long as short |
| ApeX Omni PONSUSDT | −0.024% | +0.0100% | 1h | $27K | $318K | 5x | as long as short |
| OKX PONS-USDT-SWAP | −0.015% | +0.0146% | 4h | $13.2M | $55.5M | 20x | as long as short |
| KuCoin PONSUSDTMlong | 0.000% | +0.0156% | 4h | $1.7M | $3.3M | 20x | |
| Polymarket Perps PONS-USD | 0.000% | +0.0492% | 1h | $48K | $1.8M | 3x | as long as short |
| Bybit PONSUSDT | +0.002% | +0.0147% | 4h | $17.9M | $29.6M | 20x | as long as short |
| Bitget PONSUSDT | +0.032% | +0.0198% | 4h | $4.6M | $11.2M | 20x | as long as short |
| Hyperliquid PONS | +0.055% | +0.0386% | 1h | $59.6M | $28.8M | 3x | as long as short |
| BloFin PONS-USDT | +0.069% | +0.0596% | 4h | $1.7M | $972K | 20x | as long as short |
| HTX PONS-USDT | +0.134% | +0.0100% | 4h | $63K | $499K | 20x | as long as short |