After costs, if the gap returns to its 7d average, $10k−$146
spread now−0.181%7d average+0.027%fees + slippage, in and out−$126spread needed1.256%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX PONS-USDT-SWAP | 0.5905 | 0.0142 | pay 0.0071% / 4h | 2h 58m | $13.0M | $54.8M | 20x |
| Short | Nado PONS-PERP | 0.5894 | 0.0100 | get 0.0012% / 1h | 58m 55s | $112K | $71K | 5x |
OKX PONS-USDT-SWAP
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
- −$18.09
- Funding while held
- −$1.25
- Slippage, 4 orders
- −$115.62
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Nado: 0 bp × 2 orders
- $0
- Net
- −$144.96
- Spread needed to break even
- 1.256%
Slippage from OKX: live order book, 1 min ago; Nado: live order book, 41 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0042%
- Per $10,000 a day
- −$1.25
- 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, 1 min ago | 2.55 bp | 11.1 bp −$11 | 30.6 bp −$306 | doesn't fit | doesn't fit |
| Sell Nado live order book, 41 min ago | 16.40 bp | 49.2 bp −$49 | doesn't fit | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapestPacifica0.5884+2.551%
Injective
PacificaNado0.5894+2.724%
Polymarket Perps0.5895+2.727%ApeX Omni0.5895+2.733%Aster0.5895+2.734%HTX0.5896+2.745%gTrade (Gains Network)0.5899+2.804%Popdex0.5899+2.806%Extended0.5901+2.835%Gate0.5901+2.841%KuCoin0.5901+2.846%edgeX0.5902+2.852%Aevo0.5903+2.868%Variational Omni0.5903+2.873%Lighter RH0.5903+2.876%MEXC0.5903+2.876%BingX0.5904+2.893%SunX0.5904+2.893%Hyperliquid0.5905+2.905%
Polymarket Perps
ApeX Omni
Aster
HTX
gTrade (Gains Network)
Popdex
Extended
Gate
KuCoin
Aevo
Variational Omni
Lighter RH
MEXC
BingX
SunX
HyperliquidOKX0.5905+2.910%
Orderly0.5906+2.921%Binance0.5906+2.925%Bitget0.5907+2.940%SoDEX0.5908+2.959%Bybit0.5908+2.963%Phemex0.5908+2.963%Lighter0.5908+2.970%BloFin0.5912+3.032%Phoenix0.5924+3.238%
Orderly
Binance
Bitget
SoDEX
Bybit
Phemex
Lighter
BloFin
PhoenixPONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −2.828% | +0.0033% | 1h | $590 | $7K | 5.5x | as long as short |
| Pacifica PONS | −0.349% | +0.0616% | 1h | $48K | $119K | 3x | as long as short |
| Nado PONS-PERPshort | −0.181% | +0.0100% | 1h | $112K | $71K | 5x | |
| Polymarket Perps PONS-USD | −0.178% | +0.1572% | 1h | $48K | $1.8M | 3x | as long as short |
| ApeX Omni PONSUSDT | −0.173% | +0.0100% | 1h | $27K | $321K | 5x | as long as short |
| Aster PONSUSDT | −0.172% | +0.0100% | 4h | $1.1M | $2.1M | 20x | as long as short |
| HTX PONS-USDT | −0.161% | +0.0100% | 4h | $63K | $498K | 20x | as long as short |
| gTrade (Gains Network) PONS/USD | −0.104% | L +0.0032% / S −0.0031% | 1h | $213K | — | 150x | as long as short |
| Popdex PONSUSDT | −0.102% | +0.0096% | 1h | $18K | $492K | 20x | as long as short |
| Extended PONS-USD | −0.073% | +0.0352% | 1h | $88K | $537K | 5x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate PONS_USDT | −0.068% | +0.0016% | 4h | $5.3M | $7.6M | 20x | as long as short |
| KuCoin PONSUSDTM | −0.063% | +0.0188% | 4h | $1.7M | $3.3M | 20x | as long as short |
| edgeX PONSUSDC | −0.057% | +0.0366% | 4h | $21K | $293K | 10x | as long as short |
| Aevo PONS-PERP | −0.041% | +0.0168% | 1h | $368 | — | 3x | as long as short |
| Variational Omni PONS | −0.036% | +0.0325% | 4h | $1.2M | $3.9M | — | as long as short |
| Lighter RH PONS | −0.034% | +0.0616% | 1h | $423K | $2.3M | 3x | as long as short |
| MEXC PONS_USDT | −0.034% | +0.0352% | 4h | $7.0M | $5.1M | 20x | as long as short |
| BingX PONS-USDT | −0.017% | +0.0382% | 4h | — | $3.2M | — | as long as short |
| SunX PONS-USDT | −0.017% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| Hyperliquid PONS | −0.005% | +0.0608% | 1h | $59.2M | $28.8M | 3x | as long as short |
| OKX PONS-USDT-SWAPlong | 0.000% | +0.0142% | 4h | $13.0M | $54.8M | 20x | |
| Orderly PERP_PONS_USDC_mythos | +0.010% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| Binance PONSUSDT | +0.015% | +0.0354% | 4h | $38.5M | $97.6M | 20x | as long as short |
| Bitget PONSUSDT | +0.029% | +0.0204% | 4h | $4.6M | $11.2M | 20x | as long as short |
| SoDEX PONS-USD | +0.047% | +0.0100% | 1h | $26K | $504K | 3x | as long as short |
| Bybit PONSUSDT | +0.051% | +0.0240% | 4h | $17.8M | $29.5M | 20x | as long as short |
| Phemex PONSUSDT | +0.051% | +0.0180% | 4h | $1.7M | $3.3M | 20x | as long as short |
| Lighter PONS | +0.058% | +0.0976% | 1h | $1.7M | $827K | 3x | as long as short |
| BloFin PONS-USDT | +0.119% | +0.0594% | 4h | $1.7M | $961K | 20x | as long as short |
| Phoenix PONS | +0.318% | +0.1528% | 1h | $24K | $61K | 3x | as long as short |