After costs, if the gap returns to its 7d average, $10k−$53
spread now−0.047%7d average−0.068%fees + slippage, in and out−$55spread needed0.555%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC PONS_USDT | 0.6408 | 0.0714 | pay 0.0357% / 4h | 2h 36m | $8.9M | $4.9M | 20x |
| Short | Gate PONS_USDT | 0.6405 | 0.3268 | get 0.1634% / 4h | 2h 36m | $5.7M | $7.0M | 20x |
MEXC PONS_USDT
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
- −$4.68
- Funding while held
- $76.62
- Slippage, 4 orders
- −$40.49
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- $16.45
- Spread needed to break even
- 0.555%
Slippage from MEXC: live order book, 8 min ago; Gate: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- +0.2554%
- Per $10,000 a day
- +$76.62
- 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, 8 min ago | 0.77 bp | 3.7 bp −$4 | 12.8 bp −$128 | 374.2 bp −$37.4K | doesn't fit |
| Sell Gate live order book, 3 min ago | 1.56 bp | 21.7 bp −$22 | 59.9 bp −$599 | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapest
BingX0.6394+11.433%OKX0.6400+11.537%Bybit0.6402+11.572%
Injective
BingX
OKX
BybitGate0.6405+11.624%
Extended0.6405+11.625%Popdex0.6406+11.642%Binance0.6406+11.642%Aster0.6406+11.643%Bitget0.6407+11.666%
Extended
Popdex
Binance
Aster
BitgetMEXC0.6408+11.677%
KuCoin0.6408+11.684%Pacifica0.6409+11.698%Nado0.6410+11.712%Lighter0.6412+11.739%Lighter RH0.6412+11.743%Hyperliquid0.6412+11.753%gTrade (Gains Network)0.6416+11.818%SoDEX0.6419+11.868%BloFin0.6419+11.868%Aevo0.6421+11.903%Phemex0.6422+11.921%edgeX0.6426+11.985%Polymarket Perps0.6426+11.985%Orderly0.6428+12.032%ApeX Omni0.6432+12.093%SunX0.6433+12.119%HTX0.6438+12.198%Phoenix0.6456+12.522%Variational Omni0.6462+12.612%
KuCoin
Pacifica
Nado
Lighter
Lighter RH
Hyperliquid
gTrade (Gains Network)
SoDEX
BloFin
Aevo
Phemex
Polymarket Perps
Orderly
ApeX Omni
SunX
HTX
Phoenix
Variational 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 | −10.456% | +0.0033% | 1h | $590 | $18K | 5.5x | as long as short |
| BingX PONS-USDT | −0.218% | +0.0774% | 4h | — | $2.9M | — | as long as short |
| OKX PONS-USDT-SWAP | −0.125% | +0.0294% | 4h | $15.6M | $58.1M | 20x | as long as short |
| Bybit PONSUSDT | −0.094% | +0.0797% | 4h | $20.8M | $26.1M | 20x | as long as short |
| Gate PONS_USDTshort | −0.047% | +0.3268% | 4h | $5.7M | $7.0M | 20x | |
| Extended PONS-USD | −0.046% | +0.0712% | 1h | $178K | $360K | 5x | as long as short |
| Popdex PONSUSDT | −0.031% | +0.0096% | 1h | $20K | $456K | 20x | as long as short |
| Binance PONSUSDT | −0.031% | +0.0715% | 4h | $43.2M | $91.7M | 20x | as long as short |
| Aster PONSUSDT | −0.030% | +0.0512% | 4h | $1.2M | $2.1M | 20x | as long as short |
| Bitget PONSUSDT | −0.009% | +0.0802% | 4h | $5.1M | $9.7M | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| MEXC PONS_USDTlong | 0.000% | +0.0714% | 4h | $8.9M | $4.9M | 20x | |
| KuCoin PONSUSDTM | +0.006% | +0.0532% | 4h | $2.0M | $1.8M | 20x | as long as short |
| Pacifica PONS | +0.019% | +0.0815% | 1h | $49K | $143K | 3x | as long as short |
| Nado PONS-PERP | +0.031% | +0.0916% | 1h | $111K | $58K | 5x | as long as short |
| Lighter PONS | +0.056% | +0.0920% | 1h | $1.8M | $739K | 3x | as long as short |
| Lighter RH PONS | +0.059% | +0.0992% | 1h | $442K | $2.1M | 3x | as long as short |
| Hyperliquid PONS | +0.069% | +0.1921% | 1h | $64.5M | $24.2M | 3x | as long as short |
| gTrade (Gains Network) PONS/USD | +0.127% | L +0.0032% / S −0.0030% | 1h | $235K | — | 150x | as long as short |
| SoDEX PONS-USD | +0.172% | +0.0100% | 1h | $29K | $469K | 3x | as long as short |
| BloFin PONS-USDT | +0.172% | +0.0955% | 4h | $2.0M | $891K | 20x | as long as short |
| Aevo PONS-PERP | +0.203% | +0.0264% | 1h | $400 | — | 3x | as long as short |
| Phemex PONSUSDT | +0.218% | +0.0100% | 4h | $1.8M | $3.4M | 20x | as long as short |
| edgeX PONSUSDC | +0.276% | +0.0731% | 4h | $22K | $289K | 10x | as long as short |
| Polymarket Perps PONS-USD | +0.276% | +0.0956% | 1h | $65K | $1.8M | 3x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.318% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| ApeX Omni PONSUSDT | +0.373% | +0.0100% | 1h | $41K | $322K | 5x | as long as short |
| SunX PONS-USDT | +0.396% | +0.0100% | 4h | — | $1.1M | 10x | as long as short |
| HTX PONS-USDT | +0.467% | +0.0100% | 4h | $71K | $483K | 20x | as long as short |
| Phoenix PONS | +0.757% | +0.1558% | 1h | $26K | $51K | 3x | as long as short |
| Variational Omni PONS | +0.838% | +0.0599% | 4h | $1.9M | $3.5M | — | as long as short |