After costs, if the gap returns to its 7d average, $10k−$133
spread now+0.168%7d average+0.083%fees + slippage, in and out−$141spread needed1.410%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH PONS | 0.5888 | 0.0304 | pay 0.0038% / 1h | 54m 48s | $422K | $2.3M | 3x |
| Short | ApeX Omni PONSUSDT | 0.5898 | 0.0100 | get 0.0013% / 1h | 54m 48s | $27K | $321K | 5x |
Lighter RH PONS
ApeX Omni 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
- $16.81
- Funding while held
- −$6.12
- Slippage, 4 orders
- −$131.02
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$130.33
- Spread needed to break even
- 1.410%
Slippage from Lighter RH: live order book, 5 min ago; ApeX Omni: live order book, 49 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0204%
- Per $10,000 a day
- −$6.12
- 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 RH live order book, 5 min ago | 5.84 bp | 6.6 bp −$7 | 27.9 bp −$279 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 49 min ago | 41.89 bp | 74.6 bp −$75 | 149.9 bp −$1,499 | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapestgTrade (Gains Network)0.5885+2.564%Popdex0.5886+2.579%Pacifica0.5887+2.598%Polymarket Perps0.5887+2.605%Nado0.5888+2.621%
Injective
gTrade (Gains Network)
Popdex
Pacifica
Polymarket Perps
NadoLighter RH0.5888+2.623%
Aster0.5889+2.628%SunX0.5889+2.639%Aevo0.5889+2.640%BloFin0.5891+2.666%SoDEX0.5891+2.675%Orderly0.5893+2.696%BingX0.5893+2.701%Variational Omni0.5894+2.715%Gate0.5894+2.719%Lighter0.5894+2.724%edgeX0.5895+2.738%Bybit0.5897+2.771%KuCoin0.5897+2.774%Binance0.5898+2.785%OKX0.5898+2.788%MEXC0.5898+2.788%Phemex0.5898+2.788%
Aster
SunX
Aevo
BloFin
SoDEX
Orderly
BingX
Variational Omni
Gate
Lighter
Bybit
KuCoin
Binance
OKX
MEXC
PhemexApeX Omni0.5898+2.795%
Extended0.5898+2.796%HTX0.5901+2.837%Hyperliquid0.5902+2.865%Bitget0.5903+2.883%Phoenix0.5905+2.912%
Extended
HTX
Hyperliquid
Bitget
PhoenixPONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −2.556% | +0.0033% | 1h | $590 | $7K | 5.5x | as long as short |
| gTrade (Gains Network) PONS/USD | −0.057% | L +0.0032% / S −0.0031% | 1h | $212K | — | 150x | as long as short |
| Popdex PONSUSDT | −0.042% | +0.0096% | 1h | $18K | $492K | 20x | as long as short |
| Pacifica PONS | −0.024% | +0.0285% | 1h | $48K | $119K | 3x | as long as short |
| Polymarket Perps PONS-USD | −0.017% | +0.0343% | 1h | $48K | $1.8M | 3x | as long as short |
| Nado PONS-PERP | −0.002% | +0.0204% | 1h | $112K | $71K | 5x | as long as short |
| Lighter RH PONSlong | 0.000% | +0.0304% | 1h | $422K | $2.3M | 3x | |
| Aster PONSUSDT | +0.005% | +0.0100% | 4h | $1.1M | $2.1M | 20x | as long as short |
| SunX PONS-USDT | +0.015% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| Aevo PONS-PERP | +0.016% | +0.0168% | 1h | $367 | — | 3x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin PONS-USDT | +0.042% | +0.0582% | 4h | $1.6M | $959K | 20x | as long as short |
| SoDEX PONS-USD | +0.051% | +0.0100% | 1h | $26K | $502K | 3x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.071% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| BingX PONS-USDT | +0.076% | +0.0358% | 4h | — | $3.2M | — | as long as short |
| Variational Omni PONS | +0.089% | +0.0286% | 4h | $1.2M | $3.9M | — | as long as short |
| Gate PONS_USDT | +0.093% | +0.0050% | 4h | $5.3M | $7.6M | 20x | as long as short |
| Lighter PONS | +0.098% | +0.0832% | 1h | $1.7M | $828K | 3x | as long as short |
| edgeX PONSUSDC | +0.112% | +0.0350% | 4h | $21K | $291K | 10x | as long as short |
| Bybit PONSUSDT | +0.144% | +0.0164% | 4h | $17.8M | $29.5M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.148% | +0.0164% | 4h | $1.7M | $3.3M | 20x | as long as short |
| Binance PONSUSDT | +0.158% | +0.0342% | 4h | $38.3M | $97.3M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.161% | +0.0148% | 4h | $13.1M | $54.7M | 20x | as long as short |
| MEXC PONS_USDT | +0.161% | +0.0350% | 4h | $7.0M | $5.1M | 20x | as long as short |
| Phemex PONSUSDT | +0.161% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
| ApeX Omni PONSUSDTshort | +0.168% | +0.0100% | 1h | $27K | $321K | 5x | |
| Extended PONS-USD | +0.169% | +0.0344% | 1h | $88K | $537K | 5x | as long as short |
| HTX PONS-USDT | +0.209% | +0.0100% | 4h | $63K | $498K | 20x | as long as short |
| Hyperliquid PONS | +0.236% | +0.0340% | 1h | $59.1M | $28.6M | 3x | as long as short |
| Bitget PONSUSDT | +0.253% | +0.0198% | 4h | $4.5M | $11.2M | 20x | as long as short |
| Phoenix PONS | +0.282% | +0.1523% | 1h | $23K | $61K | 3x | as long as short |