After costs, if the gap returns to its 7d average, $10k−$42
spread now−0.047%7d average−0.029%fees + slippage, in and out−$41spread needed0.406%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC PONS_USDT | 0.6372 | 0.0626 | pay 0.0313% / 4h | 51m 50s | $8.2M | $4.9M | 20x |
| Short | Bybit PONSUSDT | 0.6369 | 0.0754 | get 0.0377% / 4h | 51m 50s | $20.7M | $26.8M | 20x |
MEXC PONS_USDT
Bybit 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
- −$4.71
- Funding while held
- $3.84
- Slippage, 4 orders
- −$29.64
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$41.51
- Spread needed to break even
- 0.406%
Slippage from MEXC: live order book, 2 min ago; Bybit: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0128%
- Per $10,000 a day
- +$3.84
- 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 MEXC live order book, 2 min ago | 1.57 bp | 4.2 bp −$4 | 11.5 bp −$115 | 394.7 bp −$39.5K | doesn't fit |
| Sell Bybit live order book, 3 min ago | 2.36 bp | 16.6 bp −$17 | 45.5 bp −$455 | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapest
Phoenix0.6343+10.549%Lighter0.6351+10.681%Bitget0.6351+10.685%Variational Omni0.6352+10.692%BingX0.6359+10.823%edgeX0.6359+10.829%ApeX Omni0.6360+10.837%BloFin0.6362+10.875%gTrade (Gains Network)0.6363+10.889%OKX0.6364+10.910%KuCoin0.6364+10.911%Pacifica0.6369+10.993%Binance0.6369+10.997%
Injective
Phoenix
Lighter
Bitget
Variational Omni
BingX
ApeX Omni
BloFin
gTrade (Gains Network)
OKX
KuCoin
Pacifica
BinanceBybit0.6369+10.997%
Lighter RH0.6370+11.006%Phemex0.6370+11.014%Aster0.6370+11.017%Gate0.6371+11.032%Aevo0.6372+11.048%
Lighter RH
Phemex
Aster
Gate
AevoMEXC0.6372+11.049%
HTX0.6373+11.067%SoDEX0.6373+11.070%Polymarket Perps0.6374+11.089%Nado0.6375+11.102%Hyperliquid0.6375+11.108%Extended0.6376+11.115%Orderly0.6376+11.115%Popdex0.6376+11.119%SunX0.6378+11.145%
HTX
SoDEX
Polymarket Perps
Nado
Hyperliquid
Extended
Orderly
Popdex
SunXPONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −9.950% | +0.0033% | 1h | $590 | $15K | 5.5x | as long as short |
| Phoenix PONS | −0.450% | +0.1489% | 1h | $26K | $51K | 3x | as long as short |
| Lighter PONS | −0.331% | +0.1288% | 1h | $1.8M | $710K | 3x | as long as short |
| Bitget PONSUSDT | −0.328% | +0.0570% | 4h | $5.0M | $10.7M | 20x | as long as short |
| Variational Omni PONS | −0.321% | +0.0573% | 4h | $1.8M | $3.4M | — | as long as short |
| BingX PONS-USDT | −0.204% | +0.0710% | 4h | — | $2.9M | — | as long as short |
| edgeX PONSUSDC | −0.198% | +0.0628% | 4h | $22K | $288K | 10x | as long as short |
| ApeX Omni PONSUSDT | −0.191% | +0.0100% | 1h | $40K | $317K | 5x | as long as short |
| BloFin PONS-USDT | −0.157% | +0.0867% | 4h | $1.9M | $925K | 20x | as long as short |
| gTrade (Gains Network) PONS/USD | −0.145% | 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 | |
|---|---|---|---|---|---|---|---|
| OKX PONS-USDT-SWAP | −0.126% | +0.0179% | 4h | $15.1M | $56.2M | 20x | as long as short |
| KuCoin PONSUSDTM | −0.124% | +0.0550% | 4h | $1.9M | $2.9M | 20x | as long as short |
| Pacifica PONS | −0.050% | +0.0472% | 1h | $49K | $166K | 3x | as long as short |
| Binance PONSUSDT | −0.047% | +0.0625% | 4h | $42.7M | $93.1M | 20x | as long as short |
| Bybit PONSUSDTshort | −0.047% | +0.0754% | 4h | $20.7M | $26.8M | 20x | |
| Lighter RH PONS | −0.039% | +0.0288% | 1h | $441K | $2.2M | 3x | as long as short |
| Phemex PONSUSDT | −0.031% | +0.0100% | 4h | $1.8M | $3.3M | 20x | as long as short |
| Aster PONSUSDT | −0.029% | +0.0415% | 4h | $1.1M | $2.1M | 20x | as long as short |
| Gate PONS_USDT | −0.016% | +0.0224% | 4h | $5.7M | $6.8M | 20x | as long as short |
| Aevo PONS-PERP | −0.001% | +0.0240% | 1h | $397 | — | 3x | as long as short |
| MEXC PONS_USDTlong | 0.000% | +0.0626% | 4h | $8.2M | $4.9M | 20x | |
| HTX PONS-USDT | +0.016% | +0.0100% | 4h | $67K | $493K | 20x | as long as short |
| SoDEX PONS-USD | +0.019% | +0.0100% | 1h | $29K | $475K | 3x | as long as short |
| Polymarket Perps PONS-USD | +0.036% | +0.0654% | 1h | $77K | $1.8M | 3x | as long as short |
| Nado PONS-PERP | +0.048% | +0.0728% | 1h | $117K | $71K | 5x | as long as short |
| Hyperliquid PONS | +0.053% | +0.1151% | 1h | $65.0M | $26.0M | 3x | as long as short |
| Extended PONS-USD | +0.059% | +0.0624% | 1h | $161K | $471K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.060% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| Popdex PONSUSDT | +0.063% | +0.0096% | 1h | $20K | $470K | 20x | as long as short |
| SunX PONS-USDT | +0.086% | +0.0100% | 4h | — | $1.3M | 10x | as long as short |