After costs, if the gap returns to its 7d average, $10k−$274
spread now+0.333%7d average+0.002%fees + slippage, in and out−$307spread needed3.066%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC PONS_USDT | 0.6195 | 0.0490 | pay 0.0245% / 4h | 3h 41m | $7.6M | $5.0M | 20x |
| Short | HTX PONS-USDT | 0.6216 | 0.0100 | get 0.0050% / 4h | 3h 41m | $66K | $491K | 20x |
MEXC PONS_USDT
HTX 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
- $33.25
- Funding while held
- −$11.7
- Slippage, 4 orders
- −$294.63
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$285.07
- Spread needed to break even
- 3.066%
Slippage from MEXC: live order book, 2 min ago; HTX: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0390%
- Per $10,000 a day
- −$11.70
- 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 MEXC live order book, 2 min ago | 0.81 bp | 2.7 bp −$3 | 11.9 bp −$119 | 385.7 bp −$38.6K | doesn't fit |
| Sell HTX live order book, 3 min ago | 34.43 bp | 146.9 bp −$147 | doesn't fit | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapest
Variational Omni0.6136+6.932%edgeX0.6137+6.961%ApeX Omni0.6143+7.053%Phoenix0.6176+7.625%Gate0.6184+7.773%OKX0.6185+7.790%Bybit0.6187+7.825%BingX0.6190+7.877%Hyperliquid0.6190+7.879%Binance0.6190+7.884%KuCoin0.6194+7.942%
Injective
Variational Omni
ApeX Omni
Phoenix
Gate
OKX
Bybit
BingX
Hyperliquid
Binance
KuCoinMEXC0.6195+7.964%
gTrade (Gains Network)0.6195+7.967%Phemex0.6196+7.982%Lighter RH0.6197+8.001%Aster0.6198+8.012%SoDEX0.6198+8.017%BloFin0.6198+8.017%Nado0.6199+8.034%Aevo0.6200+8.052%Extended0.6200+8.055%Lighter0.6202+8.083%Bitget0.6202+8.086%Pacifica0.6203+8.096%Orderly0.6206+8.147%SunX0.6207+8.170%Polymarket Perps0.6209+8.200%Popdex0.6210+8.226%
gTrade (Gains Network)
Phemex
Lighter RH
Aster
SoDEX
BloFin
Nado
Aevo
Extended
Lighter
Bitget
Pacifica
Orderly
SunX
Polymarket Perps
PopdexHTX0.6216+8.323%
PONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −7.377% | +0.0033% | 1h | $590 | $11K | 5.5x | as long as short |
| Variational Omni PONS | −0.956% | +0.0465% | 4h | $1.5M | $3.6M | — | as long as short |
| edgeX PONSUSDC | −0.930% | +0.0501% | 4h | $21K | $293K | 10x | as long as short |
| ApeX Omni PONSUSDT | −0.844% | +0.0100% | 1h | $36K | $316K | 5x | as long as short |
| Phoenix PONS | −0.315% | +0.1528% | 1h | $25K | $61K | 3x | as long as short |
| Gate PONS_USDT | −0.178% | −0.1418% | 4h | $5.5M | $7.3M | 20x | as long as short |
| OKX PONS-USDT-SWAP | −0.161% | +0.0161% | 4h | $14.3M | $54.6M | 20x | as long as short |
| Bybit PONSUSDT | −0.129% | +0.0388% | 4h | $19.5M | $27.5M | 20x | as long as short |
| BingX PONS-USDT | −0.081% | +0.0468% | 4h | — | $3.1M | — | as long as short |
| Hyperliquid PONS | −0.079% | +0.0625% | 1h | $62.4M | $27.1M | 3x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance PONSUSDT | −0.075% | +0.0509% | 4h | $41.0M | $93.4M | 20x | as long as short |
| KuCoin PONSUSDTM | −0.021% | +0.0264% | 4h | $1.8M | $3.1M | 20x | as long as short |
| MEXC PONS_USDTlong | 0.000% | +0.0490% | 4h | $7.6M | $5.0M | 20x | |
| gTrade (Gains Network) PONS/USD | +0.002% | L +0.0032% / S −0.0031% | 1h | $223K | — | 150x | as long as short |
| Phemex PONSUSDT | +0.016% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
| Lighter RH PONS | +0.034% | +0.0864% | 1h | $435K | $2.2M | 3x | as long as short |
| Aster PONSUSDT | +0.044% | +0.0134% | 4h | $1.1M | $2.1M | 20x | as long as short |
| SoDEX PONS-USD | +0.048% | +0.0100% | 1h | $28K | $464K | 3x | as long as short |
| BloFin PONS-USDT | +0.048% | +0.0731% | 4h | $1.9M | $948K | 20x | as long as short |
| Nado PONS-PERP | +0.065% | +0.0349% | 1h | $112K | $68K | 5x | as long as short |
| Aevo PONS-PERP | +0.081% | +0.0200% | 1h | $386 | — | 3x | as long as short |
| Extended PONS-USD | +0.084% | +0.0512% | 1h | $93K | $533K | 5x | as long as short |
| Lighter PONS | +0.110% | +0.1472% | 1h | $1.8M | $772K | 3x | as long as short |
| Bitget PONSUSDT | +0.113% | +0.0302% | 4h | $4.8M | $10.8M | 20x | as long as short |
| Pacifica PONS | +0.122% | +0.0616% | 1h | $50K | $122K | 3x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.169% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| SunX PONS-USDT | +0.190% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| Polymarket Perps PONS-USD | +0.218% | +0.0685% | 1h | $62K | $1.8M | 3x | as long as short |
| Popdex PONSUSDT | +0.242% | +0.0096% | 1h | $19K | $471K | 20x | as long as short |
| HTX PONS-USDTshort | +0.333% | +0.0100% | 4h | $66K | $491K | 20x |