PONS

Alert

After costs, if the gap returns to its 7d average, $10k−$57

spread now−0.094%7d average+0.001%fees + slippage, in and out−$48spread needed0.476%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH PONS	0.6362	0.0160	pay 0.0020% / 1h	55m 21s	$446K	$2.1M	3x
Short	Bitget PONSUSDT	0.6356	0.0580	get 0.0290% / 4h	55m 21s	$5.0M	$10.7M	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 Lighter RHbpFee BitgetbpOrdersClose when spread is

Slippage from Lighter RH: live order book, 4 min ago; Bitget: 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 RH live order book, 4 min ago	2.84 bp	3.8 bp −$4	37.9 bp −$379	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	2.29 bp	21.1 bp −$21	doesn't fit	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	−9.807%	+0.0033%	1h	$590	$15K	5.5x	as long as short
ApeX Omni PONSUSDT	−0.561%	+0.0100%	1h	$40K	$316K	5x	as long as short
BloFin PONS-USDT	−0.423%	+0.0870%	4h	$1.9M	$917K	20x	as long as short
Phoenix PONS	−0.292%	+0.1489%	1h	$26K	$51K	3x	as long as short
edgeX PONSUSDC	−0.227%	+0.0645%	4h	$22K	$287K	10x	as long as short
BingX PONS-USDT	−0.187%	+0.0710%	4h	—	$2.9M	—	as long as short
Aster PONSUSDT	−0.175%	+0.0418%	4h	$1.1M	$2.2M	20x	as long as short
Variational Omni PONS	−0.163%	+0.0573%	4h	$1.8M	$3.4M	—	as long as short
OKX PONS-USDT-SWAP	−0.156%	+0.0174%	4h	$15.1M	$56.4M	20x	as long as short
gTrade (Gains Network) PONS/USD	−0.150%	L +0.0032% / S −0.0031%	1h	$229K	—	150x	as long as short

Show all 30 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Extended PONS-USD	−0.133%	+0.0632%	1h	$161K	$472K	5x	as long as short
SoDEX PONS-USD	−0.108%	+0.0100%	1h	$28K	$475K	3x	as long as short
Bitget PONSUSDTshort	−0.094%	+0.0580%	4h	$5.0M	$10.7M	20x
Bybit PONSUSDT	−0.077%	+0.0757%	4h	$20.7M	$26.9M	20x	as long as short
KuCoin PONSUSDTM	−0.077%	+0.0560%	4h	$1.9M	$2.8M	20x	as long as short
Polymarket Perps PONS-USD	−0.047%	+0.0645%	1h	$78K	$1.8M	3x	as long as short
Gate PONS_USDT	−0.046%	+0.0294%	4h	$5.7M	$6.8M	20x	as long as short
Aevo PONS-PERP	−0.038%	+0.0240%	1h	$396	—	3x	as long as short
Orderly PERP_PONS_USDC_mythos	−0.035%	+0.0100%	4h	$2K	$2K	10x	as long as short
Binance PONSUSDT	−0.014%	+0.0630%	4h	$42.6M	$93.4M	20x	as long as short
Popdex PONSUSDT	−0.014%	+0.0096%	1h	$20K	$471K	20x	as long as short
Lighter RH PONSlong	0.000%	+0.0160%	1h	$446K	$2.1M	3x
Nado PONS-PERP	+0.002%	+0.0624%	1h	$117K	$71K	5x	as long as short
MEXC PONS_USDT	+0.002%	+0.0622%	4h	$8.2M	$4.9M	20x	as long as short
Lighter PONS	+0.011%	+0.1664%	1h	$1.8M	$710K	3x	as long as short
HTX PONS-USDT	+0.017%	+0.0100%	4h	$66K	$493K	20x	as long as short
Hyperliquid PONS	+0.024%	+0.1173%	1h	$64.8M	$26.1M	3x	as long as short
Phemex PONSUSDT	+0.033%	+0.0100%	4h	$1.8M	$3.4M	20x	as long as short
SunX PONS-USDT	+0.055%	+0.0100%	4h	—	$1.3M	10x	as long as short
Pacifica PONS	+0.082%	+0.0472%	1h	$49K	$166K	3x	as long as short