After costs, if the gap returns to its 7d average, $10k−$70
spread now+0.032%7d average−0.014%fees + slippage, in and out−$75spread needed0.746%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX PONS-USDT-SWAP | 0.6338 | 0.0244 | pay 0.0122% / 4h | 1h 49m | $15.2M | $56.5M | 20x |
| Short | Gate PONS_USDT | 0.6340 | 0.1190 | get 0.0595% / 4h | 1h 49m | $5.7M | $7.0M | 20x |
OKX PONS-USDT-SWAP
Gate 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
- $3.16
- Funding while held
- $28.39
- Slippage, 4 orders
- −$49.57
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$43.02
- Spread needed to break even
- 0.746%
Slippage from OKX: live order book, 6 min ago; Gate: live order book, just now.
Cost of waiting
funding view- Funding /8h
- +0.0946%
- Per $10,000 a day
- +$28.39
- 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 OKX live order book, 6 min ago | 2.37 bp | 11.0 bp −$11 | 25.0 bp −$250 | doesn't fit | doesn't fit |
| Sell Gate live order book, just now | 3.16 bp | 25.8 bp −$26 | 76.8 bp −$768 | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapest
Phoenix0.6328+10.289%BingX0.6329+10.300%Aster0.6334+10.387%Extended0.6335+10.403%gTrade (Gains Network)0.6336+10.421%Popdex0.6337+10.439%Phemex0.6337+10.439%
Injective
Phoenix
BingX
Aster
Extended
gTrade (Gains Network)
Popdex
PhemexOKX0.6338+10.457%
Pacifica0.6338+10.464%Binance0.6339+10.472%Nado0.6339+10.473%Bybit0.6339+10.474%Aevo0.6339+10.475%Lighter RH0.6339+10.481%SoDEX0.6340+10.486%
Pacifica
Binance
Nado
Bybit
Aevo
Lighter RH
SoDEXGate0.6340+10.491%
BloFin0.6340+10.491%Bitget0.6340+10.498%MEXC0.6341+10.509%Orderly0.6341+10.509%KuCoin0.6341+10.518%Hyperliquid0.6342+10.526%Lighter0.6343+10.551%edgeX0.6345+10.571%Polymarket Perps0.6351+10.688%Variational Omni0.6352+10.707%SunX0.6354+10.735%ApeX Omni0.6356+10.767%HTX0.6362+10.877%
BloFin
Bitget
MEXC
Orderly
KuCoin
Hyperliquid
Lighter
Polymarket Perps
Variational Omni
SunX
ApeX Omni
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 | −9.467% | +0.0033% | 1h | $590 | $15K | 5.5x | as long as short |
| Phoenix PONS | −0.151% | +0.1767% | 1h | $26K | $45K | 3x | as long as short |
| BingX PONS-USDT | −0.142% | +0.0730% | 4h | — | $2.9M | — | as long as short |
| Aster PONSUSDT | −0.063% | +0.0421% | 4h | $1.1M | $2.2M | 20x | as long as short |
| Extended PONS-USD | −0.049% | +0.0696% | 1h | $161K | $464K | 5x | as long as short |
| gTrade (Gains Network) PONS/USD | −0.033% | L +0.0032% / S −0.0032% | 1h | $227K | — | 150x | as long as short |
| Popdex PONSUSDT | −0.016% | +0.0096% | 1h | $20K | $470K | 20x | as long as short |
| Phemex PONSUSDT | −0.016% | +0.0100% | 4h | $1.8M | $3.4M | 20x | as long as short |
| OKX PONS-USDT-SWAPlong | 0.000% | +0.0244% | 4h | $15.2M | $56.5M | 20x | |
| Pacifica PONS | +0.007% | +0.0858% | 1h | $49K | $176K | 3x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance PONSUSDT | +0.014% | +0.0695% | 4h | $42.7M | $92.5M | 20x | as long as short |
| Nado PONS-PERP | +0.015% | +0.0554% | 1h | $116K | $67K | 5x | as long as short |
| Bybit PONSUSDT | +0.016% | +0.0665% | 4h | $20.2M | $26.1M | 20x | as long as short |
| Aevo PONS-PERP | +0.016% | +0.0256% | 1h | $395 | — | 3x | as long as short |
| Lighter RH PONS | +0.022% | +0.0272% | 1h | $450K | $2.2M | 3x | as long as short |
| SoDEX PONS-USD | +0.027% | +0.0100% | 1h | $29K | $466K | 3x | as long as short |
| Gate PONS_USDTshort | +0.032% | +0.1190% | 4h | $5.7M | $7.0M | 20x | |
| BloFin PONS-USDT | +0.032% | +0.0919% | 4h | $2.0M | $905K | 20x | as long as short |
| Bitget PONSUSDT | +0.038% | +0.0756% | 4h | $5.0M | $10.4M | 20x | as long as short |
| MEXC PONS_USDT | +0.047% | +0.0694% | 4h | $8.2M | $4.8M | 20x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.047% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| KuCoin PONSUSDTM | +0.055% | +0.0576% | 4h | $2.3M | $2.1M | 20x | as long as short |
| Hyperliquid PONS | +0.063% | +0.1008% | 1h | $64.3M | $25.3M | 3x | as long as short |
| Lighter PONS | +0.085% | +0.0760% | 1h | $1.8M | $729K | 3x | as long as short |
| edgeX PONSUSDC | +0.103% | +0.0710% | 4h | $22K | $288K | 10x | as long as short |
| Polymarket Perps PONS-USD | +0.210% | +0.0405% | 1h | $65K | $1.7M | 3x | as long as short |
| Variational Omni PONS | +0.227% | +0.0542% | 4h | $1.8M | $3.3M | — | as long as short |
| SunX PONS-USDT | +0.252% | +0.0100% | 4h | — | $1.2M | 10x | as long as short |
| ApeX Omni PONSUSDT | +0.281% | −0.0047% | 1h | $40K | $320K | 5x | as long as short |
| HTX PONS-USDT | +0.380% | +0.0100% | 4h | $66K | $492K | 20x | as long as short |