After costs, if the gap returns to its 7d average, $10k−$39
spread now+0.212%7d average−0.052%fees + slippage, in and out−$65spread needed0.653%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter PONS | 0.5871 | 0.0664 | pay 0.0083% / 1h | 18m 18s | $1.7M | $855K | 3x |
| Short | edgeX PONSUSDC | 0.5884 | 0.0330 | get 0.0165% / 4h | 2h 18m | $20K | $292K | 10x |
Lighter 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
- $21.2
- Funding while held
- −$10.01
- Slippage, 4 orders
- −$56.26
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$54.06
- Spread needed to break even
- 0.653%
Slippage from Lighter: live order book, 5 min ago; edgeX: live order book, 21 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0334%
- Per $10,000 a day
- −$10.01
- 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 Lighter live order book, 5 min ago | 5.33 bp | 15.4 bp −$15 | 18.3 bp −$183 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 21 min ago | 11.83 bp | 20.3 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapestBybit0.5863+2.178%Orderly0.5863+2.180%KuCoin0.5863+2.184%Aster0.5864+2.187%MEXC0.5864+2.196%gTrade (Gains Network)0.5864+2.198%Hyperliquid0.5865+2.206%OKX0.5865+2.213%Popdex0.5865+2.213%BingX0.5865+2.213%Polymarket Perps0.5865+2.215%Lighter RH0.5866+2.229%Bitget0.5866+2.229%Binance0.5866+2.231%BloFin0.5866+2.231%SoDEX0.5867+2.239%Pacifica0.5867+2.247%Nado0.5867+2.248%Extended0.5867+2.250%Aevo0.5868+2.263%SunX0.5868+2.271%Gate0.5869+2.283%Phemex0.5869+2.283%
Injective
Bybit
Orderly
KuCoin
Aster
MEXC
gTrade (Gains Network)
Hyperliquid
OKX
Popdex
BingX
Polymarket Perps
Lighter RH
Bitget
Binance
BloFin
SoDEX
Pacifica
Nado
Extended
Aevo
SunX
Gate
PhemexLighter0.5871+2.321%
ApeX Omni0.5877+2.421%Phoenix0.5887+2.595%HTX0.5889+2.626%Variational Omni0.5890+2.649%
ApeX Omni
Phoenix
HTX
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 | −2.269% | +0.0033% | 1h | $590 | $7K | 5.5x | as long as short |
| Bybit PONSUSDT | −0.140% | +0.0163% | 4h | $17.6M | $30.2M | 20x | as long as short |
| Orderly PERP_PONS_USDC_mythos | −0.138% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| KuCoin PONSUSDTM | −0.135% | +0.0100% | 4h | $1.7M | $3.4M | 20x | as long as short |
| Aster PONSUSDT | −0.131% | +0.0100% | 4h | $1.1M | $2.1M | 20x | as long as short |
| MEXC PONS_USDT | −0.123% | +0.0324% | 4h | $7.3M | $5.3M | 20x | as long as short |
| gTrade (Gains Network) PONS/USD | −0.121% | L +0.0032% / S −0.0032% | 1h | $213K | — | 150x | as long as short |
| Hyperliquid PONS | −0.112% | +0.0168% | 1h | $58.7M | $29.2M | 3x | as long as short |
| OKX PONS-USDT-SWAP | −0.106% | +0.0150% | 4h | $13.2M | $55.5M | 20x | as long as short |
| Popdex PONSUSDT | −0.106% | +0.0096% | 1h | $18K | $493K | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BingX PONS-USDT | −0.106% | +0.0336% | 4h | — | $3.2M | — | as long as short |
| Polymarket Perps PONS-USD | −0.104% | +0.0363% | 1h | $47K | $1.8M | 3x | as long as short |
| Lighter RH PONS | −0.090% | +0.0096% | 1h | $408K | $2.4M | 3x | as long as short |
| Bitget PONSUSDT | −0.090% | +0.0160% | 4h | $4.5M | $11.4M | 20x | as long as short |
| Binance PONSUSDT | −0.089% | +0.0325% | 4h | $38.2M | $98.2M | 20x | as long as short |
| BloFin PONS-USDT | −0.089% | +0.0565% | 4h | $1.7M | $958K | 20x | as long as short |
| SoDEX PONS-USD | −0.080% | +0.0100% | 1h | $26K | $507K | 3x | as long as short |
| Pacifica PONS | −0.073% | +0.0285% | 1h | $46K | $119K | 3x | as long as short |
| Nado PONS-PERP | −0.072% | +0.0100% | 1h | $73K | $94K | 5x | as long as short |
| Extended PONS-USD | −0.070% | +0.0328% | 1h | $87K | $539K | 5x | as long as short |
| Aevo PONS-PERP | −0.057% | +0.0168% | 1h | $366 | — | 3x | as long as short |
| SunX PONS-USDT | −0.049% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| Gate PONS_USDT | −0.037% | +0.0100% | 4h | $5.2M | $7.7M | 20x | as long as short |
| Phemex PONSUSDT | −0.037% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
| Lighter PONSlong | 0.000% | +0.0664% | 1h | $1.7M | $855K | 3x | |
| ApeX Omni PONSUSDT | +0.097% | +0.0100% | 1h | $30K | $320K | 5x | as long as short |
| edgeX PONSUSDCshort | +0.212% | +0.0330% | 4h | $20K | $292K | 10x | |
| Phoenix PONS | +0.267% | +0.1523% | 1h | $23K | $61K | 3x | as long as short |
| HTX PONS-USDT | +0.298% | +0.0100% | 4h | $62K | $496K | 20x | as long as short |
| Variational Omni PONS | +0.320% | +0.0124% | 4h | $1.2M | $3.9M | — | as long as short |