PONS

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After costs, if the gap returns to its 7d average, $10k−$92

spread now−0.128%7d average−0.065%fees + slippage, in and out−$86spread needed0.862%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter PONS	0.6344	0.0720	pay 0.0090% / 1h	49m 55s	$1.8M	$729K	3x
Short	Gate PONS_USDT	0.6336	0.1224	get 0.0612% / 4h	1h 49m	$5.7M	$7.0M	20x

Price spread history

latest

Range statsloading…

share of time at each level, last 7D

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Position, each leg$Hold forhoursFee LighterbpFee GatebpOrdersClose when spread is

Slippage from Lighter: live order book, 3 min ago; Gate: live order book, 5 min ago.

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, 3 min ago	6.38 bp	6.4 bp −$6	23.0 bp −$230	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	2.37 bp	29.2 bp −$29	81.7 bp −$817	doesn't fit	doesn't fit

against the cheapest. Click to use as the short leg.

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Injective PONS/USDC PERP	−9.554%	+0.0033%	1h	$590	$15K	5.5x	as long as short
ApeX Omni PONSUSDT	−0.522%	−0.0276%	1h	$40K	$319K	5x	as long as short
edgeX PONSUSDC	−0.352%	+0.0696%	4h	$22K	$287K	10x	as long as short
Phoenix PONS	−0.247%	+0.1767%	1h	$26K	$45K	3x	as long as short
BingX PONS-USDT	−0.175%	+0.0730%	4h	—	$2.9M	—	as long as short
gTrade (Gains Network) PONS/USD	−0.129%	L +0.0032% / S −0.0032%	1h	$227K	—	150x	as long as short
Gate PONS_USDTshort	−0.128%	+0.1224%	4h	$5.7M	$7.0M	20x
Phemex PONSUSDT	−0.112%	+0.0100%	4h	$1.8M	$3.4M	20x	as long as short
KuCoin PONSUSDTM	−0.090%	+0.0580%	4h	$2.3M	$2.1M	20x	as long as short
Nado PONS-PERP	−0.081%	+0.0554%	1h	$116K	$67K	5x	as long as short

Show all 30 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
OKX PONS-USDT-SWAP	−0.080%	+0.0244%	4h	$15.2M	$56.6M	20x	as long as short
Aevo PONS-PERP	−0.080%	+0.0256%	1h	$395	—	3x	as long as short
Pacifica PONS	−0.072%	+0.0858%	1h	$49K	$165K	3x	as long as short
Extended PONS-USD	−0.071%	+0.0696%	1h	$161K	$464K	5x	as long as short
SoDEX PONS-USD	−0.069%	+0.0100%	1h	$29K	$466K	3x	as long as short
Binance PONSUSDT	−0.067%	+0.0695%	4h	$42.7M	$92.5M	20x	as long as short
BloFin PONS-USDT	−0.065%	+0.0919%	4h	$2.0M	$905K	20x	as long as short
Orderly PERP_PONS_USDC_mythos	−0.049%	+0.0100%	4h	$2K	$2K	10x	as long as short
Bitget PONSUSDT	−0.046%	+0.0756%	4h	$5.0M	$10.4M	20x	as long as short
Lighter RH PONS	−0.044%	+0.0408%	1h	$450K	$2.2M	3x	as long as short
Bybit PONSUSDT	−0.017%	+0.0688%	4h	$20.2M	$26.1M	20x	as long as short
MEXC PONS_USDT	−0.002%	+0.0678%	4h	$8.2M	$4.8M	20x	as long as short
Lighter PONSlong	0.000%	+0.0720%	1h	$1.8M	$729K	3x
Aster PONSUSDT	+0.007%	+0.0424%	4h	$1.1M	$2.2M	20x	as long as short
Hyperliquid PONS	+0.058%	+0.1027%	1h	$64.4M	$25.3M	3x	as long as short
Popdex PONSUSDT	+0.077%	+0.0096%	1h	$20K	$470K	20x	as long as short
Polymarket Perps PONS-USD	+0.113%	+0.0405%	1h	$65K	$1.7M	3x	as long as short
Variational Omni PONS	+0.131%	+0.0542%	4h	$1.8M	$3.3M	—	as long as short
SunX PONS-USDT	+0.156%	+0.0100%	4h	—	$1.2M	10x	as long as short
HTX PONS-USDT	+0.284%	+0.0100%	4h	$66K	$492K	20x	as long as short