After costs, if the gap returns to its 7d average, $10k−$141
spread now−0.379%7d average−0.005%fees + slippage, in and out−$104spread needed1.038%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC PONS_USDT | 0.6382 | 0.0686 | pay 0.0343% / 4h | 1h 42m | $8.2M | $4.8M | 20x |
| Short | Nado PONS-PERP | 0.6358 | 0.0521 | get 0.0065% / 1h | 42m 32s | $117K | $67K | 5x |
MEXC PONS_USDT
Nado PONS-PERPPrice 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
- −$37.91
- Funding while held
- −$4.94
- Slippage, 4 orders
- −$103.8
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Nado: 0 bp × 2 orders
- $0
- Net
- −$146.64
- Spread needed to break even
- 1.038%
Slippage from MEXC: live order book, 2 min ago; Nado: live order book, 7 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0165%
- Per $10,000 a day
- −$4.94
- 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 | 0.79 bp | 4.4 bp −$4 | 12.7 bp −$127 | 354.4 bp −$35.4K | doesn't fit |
| Sell Nado live order book, 7 min ago | 13.93 bp | 50.9 bp −$51 | 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 Omni0.6347+10.610%gTrade (Gains Network)0.6349+10.643%Polymarket Perps0.6353+10.715%
Injective
Variational Omni
gTrade (Gains Network)
Polymarket PerpsNado0.6358+10.802%
SoDEX0.6359+10.814%Phemex0.6360+10.840%Aevo0.6361+10.857%SunX0.6364+10.910%BloFin0.6366+10.945%Aster0.6367+10.953%Orderly0.6369+10.993%edgeX0.6370+11.012%Lighter RH0.6372+11.047%Gate0.6372+11.049%BingX0.6372+11.049%Hyperliquid0.6372+11.053%ApeX Omni0.6373+11.060%Phoenix0.6374+11.093%Lighter0.6375+11.101%Pacifica0.6375+11.107%KuCoin0.6376+11.117%Extended0.6377+11.135%Bybit0.6378+11.154%OKX0.6380+11.189%Binance0.6381+11.212%Popdex0.6382+11.223%
SoDEX
Phemex
Aevo
SunX
BloFin
Aster
Orderly
Lighter RH
Gate
BingX
Hyperliquid
ApeX Omni
Phoenix
Lighter
Pacifica
KuCoin
Extended
Bybit
OKX
Binance
PopdexMEXC0.6382+11.223%
Bitget0.6384+11.257%HTX0.6384+11.265%
Bitget
HTXPONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −10.091% | +0.0033% | 1h | $590 | $15K | 5.5x | as long as short |
| Variational Omni PONS | −0.551% | +0.0527% | 4h | $1.8M | $3.3M | — | as long as short |
| gTrade (Gains Network) PONS/USD | −0.522% | L +0.0032% / S −0.0032% | 1h | $227K | — | 150x | as long as short |
| Polymarket Perps PONS-USD | −0.458% | +0.0425% | 1h | $64K | $1.7M | 3x | as long as short |
| Nado PONS-PERPshort | −0.379% | +0.0521% | 1h | $117K | $67K | 5x | |
| SoDEX PONS-USD | −0.368% | +0.0100% | 1h | $29K | $463K | 3x | as long as short |
| Phemex PONSUSDT | −0.345% | +0.0100% | 4h | $1.8M | $3.4M | 20x | as long as short |
| Aevo PONS-PERP | −0.329% | +0.0256% | 1h | $396 | — | 3x | as long as short |
| SunX PONS-USDT | −0.282% | +0.0100% | 4h | — | $1.2M | 10x | as long as short |
| BloFin PONS-USDT | −0.251% | +0.0927% | 4h | $1.9M | $908K | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aster PONSUSDT | −0.243% | +0.0415% | 4h | $1.1M | $2.2M | 20x | as long as short |
| Orderly PERP_PONS_USDC_mythos | −0.207% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| edgeX PONSUSDC | −0.190% | +0.0693% | 4h | $22K | $289K | 10x | as long as short |
| Lighter RH PONS | −0.158% | +0.0376% | 1h | $454K | $2.2M | 3x | as long as short |
| Gate PONS_USDT | −0.157% | +0.1026% | 4h | $5.7M | $7.1M | 20x | as long as short |
| BingX PONS-USDT | −0.157% | +0.0718% | 4h | — | $2.9M | — | as long as short |
| Hyperliquid PONS | −0.154% | +0.0993% | 1h | $64.6M | $25.4M | 3x | as long as short |
| ApeX Omni PONSUSDT | −0.147% | +0.0100% | 1h | $40K | $319K | 5x | as long as short |
| Phoenix PONS | −0.118% | +0.1767% | 1h | $26K | $45K | 3x | as long as short |
| Lighter PONS | −0.110% | +0.0968% | 1h | $1.8M | $729K | 3x | as long as short |
| Pacifica PONS | −0.105% | +0.0858% | 1h | $49K | $176K | 3x | as long as short |
| KuCoin PONSUSDTM | −0.096% | +0.0568% | 4h | $2.3M | $2.1M | 20x | as long as short |
| Extended PONS-USD | −0.080% | +0.0688% | 1h | $161K | $464K | 5x | as long as short |
| Bybit PONSUSDT | −0.063% | +0.0632% | 4h | $20.3M | $26.1M | 20x | as long as short |
| OKX PONS-USDT-SWAP | −0.031% | +0.0217% | 4h | $15.2M | $56.7M | 20x | as long as short |
| Binance PONSUSDT | −0.010% | +0.0687% | 4h | $42.9M | $92.5M | 20x | as long as short |
| Popdex PONSUSDT | 0.000% | +0.0096% | 1h | $20K | $470K | 20x | as long as short |
| MEXC PONS_USDTlong | 0.000% | +0.0686% | 4h | $8.2M | $4.8M | 20x | |
| Bitget PONSUSDT | +0.030% | +0.0728% | 4h | $5.1M | $10.4M | 20x | as long as short |
| HTX PONS-USDT | +0.038% | +0.0100% | 4h | $66K | $493K | 20x | as long as short |