After costs, if the gap returns to its 7d average, $10k−$200
spread now+0.078%7d average−0.001%fees + slippage, in and out−$208spread needed2.083%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC PONS_USDT | 0.6382 | 0.0710 | pay 0.0355% / 4h | 2h 33m | $8.7M | $4.9M | 20x |
| Short | Popdex PONSUSDT | 0.6387 | 0.0096 | get 0.0012% / 1h | 33m 58s | $20K | $455K | 20x |
MEXC PONS_USDT
Popdex 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
- $7.83
- Funding while held
- −$18.42
- Slippage, 4 orders
- −$201.88
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$218.87
- Spread needed to break even
- 2.083%
Slippage from MEXC: live order book, 10 min ago; Popdex: live order book, 26 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0614%
- Per $10,000 a day
- −$18.42
- 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, 10 min ago | 0.77 bp | 3.7 bp −$4 | 12.8 bp −$128 | 374.2 bp −$37.4K | doesn't fit |
| Sell Popdex live order book, 26 min ago | 4.71 bp | 103.7 bp −$104 | 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
BingX0.6366+10.945%gTrade (Gains Network)0.6368+10.982%Gate0.6369+10.997%Extended0.6376+11.122%Aster0.6377+11.144%OKX0.6378+11.154%Binance0.6379+11.170%SoDEX0.6379+11.171%
Injective
BingX
gTrade (Gains Network)
Gate
Extended
Aster
OKX
Binance
SoDEXMEXC0.6382+11.223%
Lighter RH0.6382+11.227%KuCoin0.6382+11.232%Bybit0.6383+11.241%Aevo0.6384+11.263%Hyperliquid0.6384+11.267%Bitget0.6385+11.270%Lighter0.6386+11.286%Polymarket Perps0.6386+11.288%Orderly0.6387+11.305%
Lighter RH
KuCoin
Bybit
Aevo
Hyperliquid
Bitget
Lighter
Polymarket Perps
OrderlyPopdex0.6387+11.311%
SunX0.6390+11.363%Nado0.6391+11.380%Pacifica0.6393+11.417%Phemex0.6394+11.433%HTX0.6400+11.537%Phoenix0.6411+11.724%Variational Omni0.6411+11.732%BloFin0.6412+11.746%edgeX0.6416+11.820%ApeX Omni0.6432+12.093%
SunX
Nado
Pacifica
Phemex
HTX
Phoenix
Variational Omni
BloFin
ApeX 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 | −10.091% | +0.0033% | 1h | $590 | $18K | 5.5x | as long as short |
| BingX PONS-USDT | −0.251% | +0.0774% | 4h | — | $2.9M | — | as long as short |
| gTrade (Gains Network) PONS/USD | −0.217% | L +0.0032% / S −0.0030% | 1h | $234K | — | 150x | as long as short |
| Gate PONS_USDT | −0.204% | +0.3096% | 4h | $5.6M | $7.1M | 20x | as long as short |
| Extended PONS-USD | −0.091% | +0.0712% | 1h | $177K | $363K | 5x | as long as short |
| Aster PONSUSDT | −0.071% | +0.0500% | 4h | $1.2M | $2.1M | 20x | as long as short |
| OKX PONS-USDT-SWAP | −0.063% | +0.0287% | 4h | $15.6M | $57.9M | 20x | as long as short |
| Binance PONSUSDT | −0.048% | +0.0708% | 4h | $43.0M | $91.8M | 20x | as long as short |
| SoDEX PONS-USD | −0.047% | +0.0100% | 1h | $29K | $466K | 3x | as long as short |
| MEXC PONS_USDTlong | 0.000% | +0.0710% | 4h | $8.7M | $4.9M | 20x |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Lighter RH PONS | +0.003% | +0.0920% | 1h | $440K | $2.1M | 3x | as long as short |
| KuCoin PONSUSDTM | +0.008% | +0.0532% | 4h | $2.0M | $1.8M | 20x | as long as short |
| Bybit PONSUSDT | +0.016% | +0.0820% | 4h | $20.7M | $26.1M | 20x | as long as short |
| Aevo PONS-PERP | +0.035% | +0.0256% | 1h | $398 | — | 3x | as long as short |
| Hyperliquid PONS | +0.039% | +0.1888% | 1h | $64.2M | $24.2M | 3x | as long as short |
| Bitget PONSUSDT | +0.042% | +0.0802% | 4h | $5.1M | $9.7M | 20x | as long as short |
| Lighter PONS | +0.056% | +0.0888% | 1h | $1.8M | $739K | 3x | as long as short |
| Polymarket Perps PONS-USD | +0.058% | +0.0924% | 1h | $66K | $1.8M | 3x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.074% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| Popdex PONSUSDTshort | +0.078% | +0.0096% | 1h | $20K | $455K | 20x | |
| SunX PONS-USDT | +0.125% | +0.0100% | 4h | — | $1.1M | 10x | as long as short |
| Nado PONS-PERP | +0.141% | +0.0932% | 1h | $112K | $59K | 5x | as long as short |
| Pacifica PONS | +0.174% | +0.0815% | 1h | $49K | $143K | 3x | as long as short |
| Phemex PONSUSDT | +0.188% | +0.0100% | 4h | $1.8M | $3.4M | 20x | as long as short |
| HTX PONS-USDT | +0.282% | +0.0100% | 4h | $67K | $490K | 20x | as long as short |
| Phoenix PONS | +0.450% | +0.1558% | 1h | $26K | $51K | 3x | as long as short |
| Variational Omni PONS | +0.457% | +0.0601% | 4h | $1.9M | $3.6M | — | as long as short |
| BloFin PONS-USDT | +0.470% | +0.0952% | 4h | $2.0M | $891K | 20x | as long as short |
| edgeX PONSUSDC | +0.536% | +0.0739% | 4h | $22K | $290K | 10x | as long as short |
| ApeX Omni PONSUSDT | +0.782% | +0.0100% | 1h | $41K | $322K | 5x | as long as short |