After costs, if the gap returns to its 7d average, $10k−$464
spread now+0.604%7d average+0.034%fees + slippage, in and out−$521spread needed5.214%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX PONS-USDT-SWAP | 0.6321 | 0.0176 | pay 0.0088% / 4h | 50m 10s | $15.0M | $55.8M | 20x |
| Short | HTX PONS-USDT | 0.6359 | 0.0100 | get 0.0050% / 4h | 50m 10s | $66K | $494K | 20x |
OKX PONS-USDT-SWAP
HTX 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
- $60.43
- Funding while held
- −$2.29
- Slippage, 4 orders
- −$499.44
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$463.31
- Spread needed to break even
- 5.214%
Slippage from OKX: live order book, 5 min ago; HTX: live order book, 65 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0076%
- Per $10,000 a day
- −$2.29
- 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, 5 min ago | 0.79 bp | 13.2 bp −$13 | 23.8 bp −$238 | doesn't fit | doesn't fit |
| Sell HTX live order book, 65 min ago | 33.43 bp | 233.1 bp −$233 | 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
BingX0.6319+10.125%
Injective
BingXOKX0.6321+10.160%
Aster0.6322+10.170%Bybit0.6324+10.213%KuCoin0.6326+10.241%Bitget0.6326+10.249%Binance0.6327+10.265%gTrade (Gains Network)0.6329+10.292%MEXC0.6331+10.335%SoDEX0.6331+10.343%Hyperliquid0.6332+10.350%Aevo0.6333+10.369%BloFin0.6333+10.369%Extended0.6334+10.382%Lighter RH0.6335+10.401%Nado0.6335+10.406%Phemex0.6336+10.422%Orderly0.6336+10.429%Gate0.6337+10.439%Pacifica0.6337+10.445%Lighter0.6338+10.462%Popdex0.6339+10.474%SunX0.6340+10.495%Polymarket Perps0.6341+10.509%
Aster
Bybit
KuCoin
Bitget
Binance
gTrade (Gains Network)
MEXC
SoDEX
Hyperliquid
Aevo
BloFin
Extended
Lighter RH
Nado
Phemex
Orderly
Gate
Pacifica
Lighter
Popdex
SunX
Polymarket PerpsHTX0.6359+10.826%
ApeX Omni0.6360+10.837%Phoenix0.6365+10.922%edgeX0.6367+10.954%Variational Omni0.6368+10.974%
ApeX Omni
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 | −9.223% | +0.0033% | 1h | $590 | $15K | 5.5x | as long as short |
| BingX PONS-USDT | −0.032% | +0.0716% | 4h | — | $2.9M | — | as long as short |
| OKX PONS-USDT-SWAPlong | 0.000% | +0.0176% | 4h | $15.0M | $55.8M | 20x | |
| Aster PONSUSDT | +0.009% | +0.0410% | 4h | $1.1M | $2.2M | 20x | as long as short |
| Bybit PONSUSDT | +0.047% | +0.0749% | 4h | $20.6M | $26.8M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.073% | +0.0536% | 4h | $1.6M | $3.0M | 20x | as long as short |
| Bitget PONSUSDT | +0.081% | +0.0564% | 4h | $4.9M | $10.7M | 20x | as long as short |
| Binance PONSUSDT | +0.095% | +0.0625% | 4h | $42.4M | $93.1M | 20x | as long as short |
| gTrade (Gains Network) PONS/USD | +0.119% | L +0.0032% / S −0.0031% | 1h | $228K | — | 150x | as long as short |
| MEXC PONS_USDT | +0.158% | +0.0624% | 4h | $8.2M | $4.9M | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SoDEX PONS-USD | +0.166% | +0.0100% | 1h | $28K | $478K | 3x | as long as short |
| Hyperliquid PONS | +0.172% | +0.1146% | 1h | $64.5M | $26.0M | 3x | as long as short |
| Aevo PONS-PERP | +0.190% | +0.0240% | 1h | $395 | — | 3x | as long as short |
| BloFin PONS-USDT | +0.190% | +0.0865% | 4h | $1.9M | $922K | 20x | as long as short |
| Extended PONS-USD | +0.201% | +0.0624% | 1h | $161K | $471K | 5x | as long as short |
| Lighter RH PONS | +0.218% | +0.0248% | 1h | $438K | $2.2M | 3x | as long as short |
| Nado PONS-PERP | +0.223% | +0.0674% | 1h | $116K | $71K | 5x | as long as short |
| Phemex PONSUSDT | +0.237% | +0.0100% | 4h | $1.8M | $3.3M | 20x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.244% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| Gate PONS_USDT | +0.253% | +0.0110% | 4h | $5.7M | $6.8M | 20x | as long as short |
| Pacifica PONS | +0.259% | +0.0472% | 1h | $49K | $166K | 3x | as long as short |
| Lighter PONS | +0.274% | +0.1128% | 1h | $1.8M | $711K | 3x | as long as short |
| Popdex PONSUSDT | +0.285% | +0.0096% | 1h | $20K | $470K | 20x | as long as short |
| SunX PONS-USDT | +0.304% | +0.0100% | 4h | — | $1.3M | 10x | as long as short |
| Polymarket Perps PONS-USD | +0.316% | +0.0606% | 1h | $76K | $1.8M | 3x | as long as short |
| HTX PONS-USDTshort | +0.604% | +0.0100% | 4h | $66K | $494K | 20x | |
| ApeX Omni PONSUSDT | +0.614% | +0.0100% | 1h | $40K | $317K | 5x | as long as short |
| Phoenix PONS | +0.691% | +0.1489% | 1h | $26K | $51K | 3x | as long as short |
| edgeX PONSUSDC | +0.721% | +0.0632% | 4h | $22K | $289K | 10x | as long as short |
| Variational Omni PONS | +0.739% | +0.0598% | 4h | $1.9M | $3.4M | — | as long as short |