After costs, if the gap returns to its 7d average, $10k−$68
spread now+0.011%7d average−0.044%fees + slippage, in and out−$73spread needed0.732%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH PONS | 0.6342 | 0.0200 | pay 0.0025% / 1h | 48m 58s | $450K | $2.2M | 3x |
| Short | Gate PONS_USDT | 0.6343 | 0.1190 | get 0.0595% / 4h | 1h 48m | $5.7M | $7.0M | 20x |
Lighter RH PONS
Gate PONS_USDTPrice 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
- $1.1
- Funding while held
- $29.7
- Slippage, 4 orders
- −$58.23
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$42.43
- Spread needed to break even
- 0.732%
Slippage from Lighter RH: live order book, 6 min ago; Gate: live order book, 1 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0990%
- Per $10,000 a day
- +$29.70
- 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, 6 min ago | 4.88 bp | 5.9 bp −$6 | 37.3 bp −$373 | doesn't fit | doesn't fit |
| Sell Gate live order book, 1 min ago | 3.16 bp | 25.8 bp −$26 | 76.8 bp −$768 | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapest
Phoenix0.6328+10.289%gTrade (Gains Network)0.6331+10.333%BingX0.6334+10.387%OKX0.6336+10.422%Popdex0.6337+10.439%Pacifica0.6338+10.464%Extended0.6339+10.466%Polymarket Perps0.6339+10.467%SoDEX0.6339+10.469%Nado0.6339+10.473%Aevo0.6339+10.481%Bybit0.6342+10.526%MEXC0.6342+10.526%
Injective
Phoenix
gTrade (Gains Network)
BingX
OKX
Popdex
Pacifica
Extended
Polymarket Perps
SoDEX
Nado
Aevo
Bybit
MEXCLighter RH0.6342+10.532%
Aster0.6343+10.543%
AsterGate0.6343+10.544%
Bitget0.6344+10.558%Binance0.6344+10.561%BloFin0.6344+10.561%KuCoin0.6344+10.566%edgeX0.6345+10.571%Lighter0.6346+10.601%Phemex0.6348+10.631%Hyperliquid0.6349+10.641%SunX0.6349+10.655%Orderly0.6350+10.667%Variational Omni0.6352+10.707%HTX0.6353+10.718%ApeX Omni0.6356+10.767%
Bitget
Binance
BloFin
KuCoin
Lighter
Phemex
Hyperliquid
SunX
Orderly
Variational Omni
HTX
ApeX 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 | −9.528% | +0.0033% | 1h | $590 | $15K | 5.5x | as long as short |
| Phoenix PONS | −0.219% | +0.1767% | 1h | $26K | $45K | 3x | as long as short |
| gTrade (Gains Network) PONS/USD | −0.179% | L +0.0032% / S −0.0032% | 1h | $226K | — | 150x | as long as short |
| BingX PONS-USDT | −0.131% | +0.0730% | 4h | — | $2.9M | — | as long as short |
| OKX PONS-USDT-SWAP | −0.099% | +0.0237% | 4h | $15.2M | $56.5M | 20x | as long as short |
| Popdex PONSUSDT | −0.084% | +0.0096% | 1h | $20K | $470K | 20x | as long as short |
| Pacifica PONS | −0.061% | +0.0858% | 1h | $49K | $176K | 3x | as long as short |
| Extended PONS-USD | −0.059% | +0.0696% | 1h | $161K | $464K | 5x | as long as short |
| Polymarket Perps PONS-USD | −0.058% | +0.0359% | 1h | $64K | $1.7M | 3x | as long as short |
| SoDEX PONS-USD | −0.057% | +0.0100% | 1h | $29K | $466K | 3x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Nado PONS-PERP | −0.053% | +0.0554% | 1h | $116K | $67K | 5x | as long as short |
| Aevo PONS-PERP | −0.046% | +0.0256% | 1h | $395 | — | 3x | as long as short |
| Bybit PONSUSDT | −0.005% | +0.0665% | 4h | $20.2M | $26.1M | 20x | as long as short |
| MEXC PONS_USDT | −0.005% | +0.0694% | 4h | $8.2M | $4.8M | 20x | as long as short |
| Lighter RH PONSlong | 0.000% | +0.0200% | 1h | $450K | $2.2M | 3x | |
| Aster PONSUSDT | +0.010% | +0.0421% | 4h | $1.1M | $2.2M | 20x | as long as short |
| Gate PONS_USDTshort | +0.011% | +0.1190% | 4h | $5.7M | $7.0M | 20x | |
| Bitget PONSUSDT | +0.024% | +0.0756% | 4h | $5.0M | $10.4M | 20x | as long as short |
| Binance PONSUSDT | +0.027% | +0.0695% | 4h | $42.7M | $92.5M | 20x | as long as short |
| BloFin PONS-USDT | +0.027% | +0.0935% | 4h | $1.9M | $904K | 20x | as long as short |
| KuCoin PONSUSDTM | +0.032% | +0.0576% | 4h | $2.3M | $2.1M | 20x | as long as short |
| edgeX PONSUSDC | +0.035% | +0.0710% | 4h | $22K | $288K | 10x | as long as short |
| Lighter PONS | +0.063% | +0.0760% | 1h | $1.8M | $729K | 3x | as long as short |
| Phemex PONSUSDT | +0.090% | +0.0100% | 4h | $1.8M | $3.4M | 20x | as long as short |
| Hyperliquid PONS | +0.099% | +0.1008% | 1h | $64.4M | $25.3M | 3x | as long as short |
| SunX PONS-USDT | +0.112% | +0.0100% | 4h | — | $1.2M | 10x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.123% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| Variational Omni PONS | +0.159% | +0.0542% | 4h | $1.8M | $3.3M | — | as long as short |
| HTX PONS-USDT | +0.169% | +0.0100% | 4h | $66K | $492K | 20x | as long as short |
| ApeX Omni PONSUSDT | +0.213% | −0.0047% | 1h | $40K | $320K | 5x | as long as short |