PONS

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After costs, if the gap returns to its 7d average, $10k−$77

spread now−0.200%7d average−0.038%fees + slippage, in and out−$61spread needed0.606%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter PONS	0.6338	0.1128	pay 0.0141% / 1h	50m 01s	$1.8M	$711K	3x
Short	KuCoin PONSUSDTM	0.6326	0.0536	get 0.0268% / 4h	50m 01s	$1.6M	$3.0M	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 KuCoinbpOrdersClose when spread is

Slippage from Lighter: live order book, 3 min ago; KuCoin: live order book, 4 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	5.34 bp	5.3 bp −$5	43.6 bp −$436	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	2.91 bp	20.2 bp −$20	79.1 bp −$791	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	−9.471%	+0.0033%	1h	$590	$15K	5.5x	as long as short
BingX PONS-USDT	−0.304%	+0.0716%	4h	—	$2.9M	—	as long as short
OKX PONS-USDT-SWAP	−0.273%	+0.0176%	4h	$15.0M	$55.8M	20x	as long as short
Aster PONSUSDT	−0.264%	+0.0410%	4h	$1.1M	$2.2M	20x	as long as short
Bybit PONSUSDT	−0.226%	+0.0749%	4h	$20.6M	$26.8M	20x	as long as short
KuCoin PONSUSDTMshort	−0.200%	+0.0536%	4h	$1.6M	$3.0M	20x
Bitget PONSUSDT	−0.192%	+0.0564%	4h	$4.9M	$10.7M	20x	as long as short
Binance PONSUSDT	−0.178%	+0.0625%	4h	$42.4M	$93.1M	20x	as long as short
gTrade (Gains Network) PONS/USD	−0.154%	L +0.0032% / S −0.0031%	1h	$228K	—	150x	as long as short
MEXC PONS_USDT	−0.115%	+0.0624%	4h	$8.2M	$4.9M	20x	as long as short

Show all 30 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
SoDEX PONS-USD	−0.107%	+0.0100%	1h	$28K	$478K	3x	as long as short
Hyperliquid PONS	−0.101%	+0.1146%	1h	$64.5M	$26.0M	3x	as long as short
Aevo PONS-PERP	−0.084%	+0.0240%	1h	$395	—	3x	as long as short
BloFin PONS-USDT	−0.084%	+0.0865%	4h	$1.9M	$922K	20x	as long as short
Extended PONS-USD	−0.072%	+0.0624%	1h	$161K	$471K	5x	as long as short
Lighter RH PONS	−0.055%	+0.0248%	1h	$438K	$2.2M	3x	as long as short
Nado PONS-PERP	−0.051%	+0.0674%	1h	$116K	$71K	5x	as long as short
Phemex PONSUSDT	−0.036%	+0.0100%	4h	$1.8M	$3.3M	20x	as long as short
Orderly PERP_PONS_USDC_mythos	−0.030%	+0.0100%	4h	$2K	$2K	10x	as long as short
Gate PONS_USDT	−0.021%	+0.0110%	4h	$5.7M	$6.8M	20x	as long as short
Pacifica PONS	−0.015%	+0.0472%	1h	$49K	$166K	3x	as long as short
Lighter PONSlong	0.000%	+0.1128%	1h	$1.8M	$711K	3x
Popdex PONSUSDT	+0.011%	+0.0096%	1h	$20K	$470K	20x	as long as short
SunX PONS-USDT	+0.030%	+0.0100%	4h	—	$1.3M	10x	as long as short
Polymarket Perps PONS-USD	+0.043%	+0.0606%	1h	$76K	$1.8M	3x	as long as short
HTX PONS-USDT	+0.330%	+0.0100%	4h	$66K	$494K	20x	as long as short
ApeX Omni PONSUSDT	+0.339%	+0.0100%	1h	$40K	$317K	5x	as long as short
Phoenix PONS	+0.417%	+0.1489%	1h	$26K	$51K	3x	as long as short
edgeX PONSUSDC	+0.446%	+0.0632%	4h	$22K	$289K	10x	as long as short
Variational Omni PONS	+0.464%	+0.0598%	4h	$1.9M	$3.4M	—	as long as short