PONS

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After costs, if the gap returns to its 7d average, $10k−$107

spread now+0.114%7d average+0.006%fees + slippage, in and out−$118spread needed1.177%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado PONS-PERP	0.6148	0.0345	pay 0.0043% / 1h	45m 04s	$111K	$69K	5x
Short	MEXC PONS_USDT	0.6155	0.0486	get 0.0243% / 4h	3h 45m	$7.5M	$5.0M	20x

Price spread history

latest

Range statsloading…

share of time at each level, last 7D

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Position, each leg$Hold forhoursFee NadobpFee MEXCbpOrdersClose when spread is

Slippage from Nado: live order book, 60 min ago; MEXC: live order book, 4 min ago.

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, 60 min ago	18.66 bp	49.6 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	6.49 bp	9.1 bp −$9	16.4 bp −$164	308.4 bp −$30.8K	doesn't fit

against the cheapest. Click to use as the short leg.

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Injective PONS/USDC PERP	−6.669%	+0.0033%	1h	$590	$11K	5.5x	as long as short
Aster PONSUSDT	−0.288%	+0.0100%	4h	$1.1M	$2.1M	20x	as long as short
Variational Omni PONS	−0.199%	+0.0465%	4h	$1.5M	$3.6M	—	as long as short
edgeX PONSUSDC	−0.172%	+0.0501%	4h	$21K	$293K	10x	as long as short
Aevo PONS-PERP	−0.102%	+0.0200%	1h	$383	—	3x	as long as short
ApeX Omni PONSUSDT	−0.086%	+0.0100%	1h	$36K	$316K	5x	as long as short
gTrade (Gains Network) PONS/USD	−0.069%	L +0.0032% / S −0.0031%	1h	$221K	—	150x	as long as short
SunX PONS-USDT	−0.044%	+0.0100%	4h	—	$1.4M	10x	as long as short
BingX PONS-USDT	−0.016%	+0.0475%	4h	—	$3.1M	—	as long as short
BloFin PONS-USDT	−0.016%	+0.0722%	4h	$1.8M	$939K	20x	as long as short

Show all 30 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Pacifica PONS	−0.011%	+0.0616%	1h	$49K	$122K	3x	as long as short
Nado PONS-PERPlong	0.000%	+0.0345%	1h	$111K	$69K	5x
Popdex PONSUSDT	+0.016%	+0.0096%	1h	$17K	$470K	20x	as long as short
Phoenix PONS	+0.018%	+0.1528%	1h	$25K	$61K	3x	as long as short
OKX PONS-USDT-SWAP	+0.033%	+0.0157%	4h	$14.2M	$54.2M	20x	as long as short
Polymarket Perps PONS-USD	+0.050%	+0.0661%	1h	$63K	$1.8M	3x	as long as short
Bybit PONSUSDT	+0.081%	+0.0409%	4h	$19.4M	$27.4M	20x	as long as short
Lighter RH PONS	+0.096%	+0.0704%	1h	$432K	$2.2M	3x	as long as short
SoDEX PONS-USD	+0.096%	+0.0100%	1h	$27K	$465K	3x	as long as short
Binance PONSUSDT	+0.098%	+0.0482%	4h	$40.8M	$93.1M	20x	as long as short
KuCoin PONSUSDTM	+0.099%	+0.0256%	4h	$1.8M	$3.1M	20x	as long as short
Hyperliquid PONS	+0.106%	+0.0638%	1h	$62.1M	$27.0M	3x	as long as short
Extended PONS-USD	+0.106%	+0.0480%	1h	$92K	$533K	5x	as long as short
Lighter PONS	+0.114%	+0.1448%	1h	$1.8M	$772K	3x	as long as short
Gate PONS_USDT	+0.114%	−0.2344%	4h	$5.5M	$7.3M	20x	as long as short
MEXC PONS_USDTshort	+0.114%	+0.0486%	4h	$7.5M	$5.0M	20x
Orderly PERP_PONS_USDC_mythos	+0.142%	+0.0100%	4h	$2K	$2K	10x	as long as short
Bitget PONSUSDT	+0.158%	+0.0304%	4h	$4.8M	$10.8M	20x	as long as short
Phemex PONSUSDT	+0.163%	+0.0100%	4h	$1.7M	$3.3M	20x	as long as short
HTX PONS-USDT	+0.185%	+0.0100%	4h	$66K	$491K	20x	as long as short