After costs, if the gap returns to its 7d average, $10k−$102
spread now+0.096%7d average+0.026%fees + slippage, in and out−$109spread needed1.087%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX PONS-USDT-SWAP | 0.6222 | 0.0135 | pay 0.0067% / 4h | 0m 04s | $14.4M | $54.8M | 20x |
| Short | Phemex PONSUSDT | 0.6228 | 0.0100 | get 0.0050% / 4h | 0m 04s | $1.7M | $3.3M | 20x |
OKX PONS-USDT-SWAP
Phemex PONSUSDTPrice 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
- $9.64
- Funding while held
- −$1.04
- Slippage, 4 orders
- −$86.66
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$100.05
- Spread needed to break even
- 1.087%
Slippage from OKX: live order book, 5 min ago; Phemex: live order book, 5 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0035%
- Per $10,000 a day
- −$1.04
- 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 | 0.80 bp | 11.8 bp −$12 | 29.2 bp −$292 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 5 min ago | 2.41 bp | 45.4 bp −$45 | 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
BingX0.6216+8.330%
Injective
BingXOKX0.6222+8.435%
gTrade (Gains Network)0.6224+8.467%Binance0.6224+8.470%Bybit0.6225+8.487%Variational Omni0.6226+8.497%KuCoin0.6227+8.515%Bitget0.6227+8.520%Gate0.6227+8.522%MEXC0.6227+8.522%Hyperliquid0.6228+8.531%SoDEX0.6228+8.531%Extended0.6228+8.538%
gTrade (Gains Network)
Binance
Bybit
Variational Omni
KuCoin
Bitget
Gate
MEXC
Hyperliquid
SoDEX
ExtendedPhemex0.6228+8.540%
ApeX Omni0.6228+8.543%Lighter RH0.6229+8.557%Aevo0.6229+8.557%BloFin0.6231+8.592%Aster0.6231+8.595%Orderly0.6233+8.623%Lighter0.6233+8.627%Phoenix0.6233+8.632%SunX0.6234+8.644%edgeX0.6237+8.691%HTX0.6240+8.752%Popdex0.6241+8.766%Pacifica0.6241+8.770%Polymarket Perps0.6241+8.775%Nado0.6246+8.853%
ApeX Omni
Lighter RH
Aevo
BloFin
Aster
Orderly
Lighter
Phoenix
SunX
HTX
Popdex
Pacifica
Polymarket Perps
NadoPONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −7.779% | +0.0033% | 1h | $590 | $15K | 5.5x | as long as short |
| BingX PONS-USDT | −0.096% | +0.0586% | 4h | — | $3.1M | — | as long as short |
| OKX PONS-USDT-SWAPlong | 0.000% | +0.0135% | 4h | $14.4M | $54.8M | 20x | |
| gTrade (Gains Network) PONS/USD | +0.029% | L +0.0032% / S −0.0031% | 1h | $224K | — | 150x | as long as short |
| Binance PONSUSDT | +0.032% | +0.0529% | 4h | $41.4M | $92.7M | 20x | as long as short |
| Bybit PONSUSDT | +0.048% | +0.0610% | 4h | $19.9M | $27.2M | 20x | as long as short |
| Variational Omni PONS | +0.057% | +0.0511% | 4h | $1.7M | $3.4M | — | as long as short |
| KuCoin PONSUSDTM | +0.074% | +0.0290% | 4h | $1.8M | $3.1M | 20x | as long as short |
| Bitget PONSUSDT | +0.079% | +0.0350% | 4h | $4.8M | $10.7M | 20x | as long as short |
| Gate PONS_USDT | +0.080% | −0.0338% | 4h | $5.6M | $7.4M | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| MEXC PONS_USDT | +0.080% | +0.0528% | 4h | $7.8M | $5.1M | 20x | as long as short |
| Hyperliquid PONS | +0.088% | +0.0994% | 1h | $63.3M | $26.6M | 3x | as long as short |
| SoDEX PONS-USD | +0.088% | +0.0100% | 1h | $28K | $464K | 3x | as long as short |
| Extended PONS-USD | +0.095% | +0.0528% | 1h | $93K | $533K | 5x | as long as short |
| Phemex PONSUSDTshort | +0.096% | +0.0100% | 4h | $1.7M | $3.3M | 20x | |
| ApeX Omni PONSUSDT | +0.100% | +0.0100% | 1h | $39K | $313K | 5x | as long as short |
| Lighter RH PONS | +0.113% | +0.0472% | 1h | $430K | $2.3M | 3x | as long as short |
| Aevo PONS-PERP | +0.113% | +0.0216% | 1h | $388 | — | 3x | as long as short |
| BloFin PONS-USDT | +0.145% | +0.0769% | 4h | $1.9M | $921K | 20x | as long as short |
| Aster PONSUSDT | +0.147% | +0.0173% | 4h | $1.1M | $2.1M | 20x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.174% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| Lighter PONS | +0.177% | +0.1168% | 1h | $1.8M | $779K | 3x | as long as short |
| Phoenix PONS | +0.182% | +0.1489% | 1h | $25K | $51K | 3x | as long as short |
| SunX PONS-USDT | +0.193% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| edgeX PONSUSDC | +0.236% | +0.0570% | 4h | $21K | $291K | 10x | as long as short |
| HTX PONS-USDT | +0.293% | +0.0100% | 4h | $66K | $490K | 20x | as long as short |
| Popdex PONSUSDT | +0.305% | +0.0096% | 1h | $19K | $455K | 20x | as long as short |
| Pacifica PONS | +0.309% | +0.0472% | 1h | $50K | $126K | 3x | as long as short |
| Polymarket Perps PONS-USD | +0.313% | +0.0552% | 1h | $64K | $1.8M | 3x | as long as short |
| Nado PONS-PERP | +0.386% | +0.0577% | 1h | $113K | $68K | 5x | as long as short |