After costs, if the gap returns to its 7d average, $10k−$101
spread now+0.377%7d average+0.002%fees + slippage, in and out−$139spread needed1.389%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado PONS-PERP | 0.5902 | 0.0307 | pay 0.0038% / 1h | 1m 01s | $112K | $71K | 5x |
| Short | edgeX PONSUSDC | 0.5925 | 0.0389 | get 0.0194% / 4h | 3h 01m | $21K | $292K | 10x |
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
- $37.66
- Funding while held
- $2.44
- Slippage, 4 orders
- −$129.88
- Fee Nado: 0 bp × 2 orders
- $0
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$98.77
- Spread needed to break even
- 1.389%
Slippage from Nado: live order book, 39 min ago; edgeX: live order book, 43 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0081%
- Per $10,000 a day
- +$2.44
- 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 Nado live order book, 39 min ago | 16.40 bp | 50.3 bp −$50 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 43 min ago | 11.30 bp | 19.5 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapestBloFin0.5891+2.666%gTrade (Gains Network)0.5891+2.674%Aster0.5892+2.678%ApeX Omni0.5892+2.689%Gate0.5893+2.701%KuCoin0.5894+2.724%Bybit0.5896+2.754%SoDEX0.5897+2.766%Lighter RH0.5898+2.785%Bitget0.5899+2.806%BingX0.5899+2.806%Hyperliquid0.5899+2.815%OKX0.5900+2.823%Orderly0.5900+2.832%MEXC0.5901+2.841%Aevo0.5901+2.841%SunX0.5901+2.842%Pacifica0.5901+2.843%Lighter0.5902+2.858%Binance0.5902+2.858%
Injective
BloFin
gTrade (Gains Network)
Aster
ApeX Omni
Gate
KuCoin
Bybit
SoDEX
Lighter RH
Bitget
BingX
Hyperliquid
OKX
Orderly
MEXC
Aevo
SunX
Pacifica
Lighter
BinanceNado0.5902+2.864%
Phemex0.5903+2.876%Polymarket Perps0.5903+2.879%Extended0.5903+2.884%Popdex0.5904+2.893%HTX0.5910+2.991%Phoenix0.5924+3.238%Variational Omni0.5929+3.335%
Phemex
Polymarket Perps
Extended
Popdex
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 | −2.784% | +0.0033% | 1h | $590 | $11K | 5.5x | as long as short |
| BloFin PONS-USDT | −0.192% | +0.0591% | 4h | $1.7M | $954K | 20x | as long as short |
| gTrade (Gains Network) PONS/USD | −0.185% | L +0.0032% / S −0.0031% | 1h | $212K | — | 150x | as long as short |
| Aster PONSUSDT | −0.181% | +0.0100% | 4h | $1.0M | $2.1M | 20x | as long as short |
| ApeX Omni PONSUSDT | −0.170% | +0.0100% | 1h | $27K | $319K | 5x | as long as short |
| Gate PONS_USDT | −0.158% | −0.0020% | 4h | $5.3M | $7.8M | 20x | as long as short |
| KuCoin PONSUSDTM | −0.136% | +0.0192% | 4h | $1.7M | $3.3M | 20x | as long as short |
| Bybit PONSUSDT | −0.107% | +0.0243% | 4h | $17.8M | $29.5M | 20x | as long as short |
| SoDEX PONS-USD | −0.096% | +0.0100% | 1h | $26K | $504K | 3x | as long as short |
| Lighter RH PONS | −0.077% | +0.0632% | 1h | $423K | $2.4M | 3x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget PONSUSDT | −0.057% | +0.0210% | 4h | $4.5M | $11.2M | 20x | as long as short |
| BingX PONS-USDT | −0.057% | +0.0382% | 4h | — | $3.2M | — | as long as short |
| Hyperliquid PONS | −0.048% | +0.0374% | 1h | $59.1M | $28.6M | 3x | as long as short |
| OKX PONS-USDT-SWAP | −0.040% | +0.0142% | 4h | $13.1M | $54.6M | 20x | as long as short |
| Orderly PERP_PONS_USDC_mythos | −0.031% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| MEXC PONS_USDT | −0.023% | +0.0358% | 4h | $7.0M | $5.3M | 20x | as long as short |
| Aevo PONS-PERP | −0.023% | +0.0168% | 1h | $368 | — | 3x | as long as short |
| SunX PONS-USDT | −0.021% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| Pacifica PONS | −0.020% | +0.0616% | 1h | $49K | $119K | 3x | as long as short |
| Lighter PONS | −0.006% | +0.1016% | 1h | $1.7M | $835K | 3x | as long as short |
| Binance PONSUSDT | −0.006% | +0.0351% | 4h | $38.4M | $97.5M | 20x | as long as short |
| Nado PONS-PERPlong | 0.000% | +0.0307% | 1h | $112K | $71K | 5x | |
| Phemex PONSUSDT | +0.011% | +0.0141% | 4h | $1.7M | $3.3M | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.015% | +0.0476% | 1h | $44K | $1.8M | 3x | as long as short |
| Extended PONS-USD | +0.019% | +0.0352% | 1h | $88K | $537K | 5x | as long as short |
| Popdex PONSUSDT | +0.028% | +0.0096% | 1h | $18K | $492K | 20x | as long as short |
| HTX PONS-USDT | +0.123% | +0.0100% | 4h | $63K | $498K | 20x | as long as short |
| Phoenix PONS | +0.364% | +0.1528% | 1h | $24K | $61K | 3x | as long as short |
| edgeX PONSUSDCshort | +0.377% | +0.0389% | 4h | $21K | $292K | 10x | |
| Variational Omni PONS | +0.458% | +0.0343% | 4h | $1.2M | $3.9M | — | as long as short |