After costs, if the gap returns to its 7d average, $10k−$12
spread now+0.122%7d average−0.027%fees + slippage, in and out−$27spread needed0.270%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH PONS | 0.5839 | 0.0784 | pay 0.0098% / 1h | 54m 20s | $404K | $2.3M | 3x |
| Short | MEXC PONS_USDT | 0.5846 | 0.0288 | get 0.0144% / 4h | 1h 54m | $7.0M | $5.3M | 20x |
Lighter RH PONS
MEXC 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
- $12.16
- Funding while held
- −$14.88
- Slippage, 4 orders
- −$27
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$29.72
- Spread needed to break even
- 0.270%
Slippage from Lighter RH: live order book, 5 min ago; MEXC: live order book, 5 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0496%
- Per $10,000 a day
- −$14.88
- 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 | 4.05 bp | 6.7 bp −$7 | 31.6 bp −$316 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 1.72 bp | 5.7 bp −$6 | 14.2 bp −$142 | 307.3 bp −$30.7K | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapestApeX Omni0.5811+1.279%Phoenix0.5814+1.328%edgeX0.5814+1.332%Variational Omni0.5817+1.375%SunX0.5824+1.490%Phemex0.5831+1.621%BloFin0.5831+1.621%HTX0.5831+1.623%SoDEX0.5833+1.659%
Injective
ApeX Omni
Phoenix
Variational Omni
SunX
Phemex
BloFin
HTX
SoDEXLighter RH0.5839+1.758%
Aster0.5841+1.803%Gate0.5842+1.812%gTrade (Gains Network)0.5842+1.812%Lighter0.5844+1.854%Pacifica0.5844+1.856%Aevo0.5846+1.876%Nado0.5846+1.882%Popdex0.5846+1.882%
Aster
Gate
gTrade (Gains Network)
Lighter
Pacifica
Aevo
Nado
PopdexMEXC0.5846+1.882%
BingX0.5846+1.882%Hyperliquid0.5846+1.886%Extended0.5847+1.899%Polymarket Perps0.5848+1.917%KuCoin0.5849+1.928%OKX0.5849+1.934%Bitget0.5849+1.941%Binance0.5850+1.945%Bybit0.5850+1.952%Orderly0.5852+1.987%
BingX
Hyperliquid
Extended
Polymarket Perps
KuCoin
OKX
Bitget
Binance
Bybit
OrderlyPONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −1.728% | +0.0033% | 1h | $590 | $3K | 5.5x | as long as short |
| ApeX Omni PONSUSDT | −0.471% | +0.0100% | 1h | $28K | $318K | 5x | as long as short |
| Phoenix PONS | −0.423% | +0.1299% | 1h | $24K | $70K | 3x | as long as short |
| edgeX PONSUSDC | −0.419% | +0.0291% | 4h | $20K | $291K | 10x | as long as short |
| Variational Omni PONS | −0.377% | +0.0100% | 4h | $1.3M | $4.1M | — | as long as short |
| SunX PONS-USDT | −0.264% | +0.0100% | 4h | — | $1.3M | 10x | as long as short |
| Phemex PONSUSDT | −0.135% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
| BloFin PONS-USDT | −0.135% | +0.0528% | 4h | $1.7M | $976K | 20x | as long as short |
| HTX PONS-USDT | −0.134% | +0.0100% | 4h | $62K | $499K | 20x | as long as short |
| SoDEX PONS-USD | −0.098% | +0.0100% | 1h | $27K | $535K | 3x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Lighter RH PONSlong | 0.000% | +0.0784% | 1h | $404K | $2.3M | 3x | |
| Aster PONSUSDT | +0.044% | +0.0100% | 4h | $1.1M | $2.1M | 20x | as long as short |
| Gate PONS_USDT | +0.053% | +0.0012% | 4h | $5.2M | $7.2M | 20x | as long as short |
| gTrade (Gains Network) PONS/USD | +0.053% | L +0.0032% / S −0.0032% | 1h | $211K | — | 150x | as long as short |
| Lighter PONS | +0.094% | +0.1016% | 1h | $1.7M | $867K | 3x | as long as short |
| Pacifica PONS | +0.096% | +0.0157% | 1h | $46K | $119K | 3x | as long as short |
| Aevo PONS-PERP | +0.115% | +0.0152% | 1h | $364 | — | 3x | as long as short |
| Nado PONS-PERP | +0.122% | +0.0100% | 1h | $72K | $95K | 5x | as long as short |
| Popdex PONSUSDT | +0.122% | +0.0096% | 1h | $19K | $511K | 20x | as long as short |
| MEXC PONS_USDTshort | +0.122% | +0.0288% | 4h | $7.0M | $5.3M | 20x | |
| BingX PONS-USDT | +0.122% | +0.0272% | 4h | — | $3.3M | — | as long as short |
| Hyperliquid PONS | +0.125% | +0.0104% | 1h | $58.2M | $29.8M | 3x | as long as short |
| Extended PONS-USD | +0.138% | +0.0288% | 1h | $87K | $545K | 5x | as long as short |
| Polymarket Perps PONS-USD | +0.156% | +0.0640% | 1h | $71K | $1.8M | 3x | as long as short |
| KuCoin PONSUSDTM | +0.166% | +0.0100% | 4h | $1.7M | $3.5M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.173% | +0.0164% | 4h | $13.1M | $56.0M | 20x | as long as short |
| Bitget PONSUSDT | +0.180% | +0.0134% | 4h | $4.6M | $11.6M | 20x | as long as short |
| Binance PONSUSDT | +0.183% | +0.0288% | 4h | $37.7M | $99.8M | 20x | as long as short |
| Bybit PONSUSDT | +0.190% | +0.0100% | 4h | $17.1M | $31.2M | 20x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.224% | +0.0100% | 4h | $2K | $3K | 10x | as long as short |