PONS

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After costs, if the gap returns to its 7d average, $10k−$240

spread now−0.178%7d average+0.031%fees + slippage, in and out−$219spread needed2.191%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX PONS-USDT-SWAP	0.6185	0.0128	pay 0.0064% / 4h	3h 52m	$14.3M	$54.3M	20x
Short	Popdex PONSUSDT	0.6174	0.0096	get 0.0012% / 1h	52m 16s	$19K	$452K	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 OKXbpFee PopdexbpOrdersClose when spread is

Slippage from OKX: live order book, 3 min ago; Popdex: live order book, 58 min ago.

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, 3 min ago	2.42 bp	12.7 bp −$13	25.6 bp −$256	doesn't fit	doesn't fit
Sell Popdex live order book, 58 min ago	3.71 bp	80.7 bp −$81	doesn't fit	doesn't fit	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	−7.227%	+0.0033%	1h	$590	$11K	5.5x	as long as short
KuCoin PONSUSDTM	−0.226%	+0.0268%	4h	$1.8M	$3.1M	20x	as long as short
Popdex PONSUSDTshort	−0.178%	+0.0096%	1h	$19K	$452K	20x
Polymarket Perps PONS-USD	−0.162%	+0.0624%	1h	$63K	$1.8M	3x	as long as short
Nado PONS-PERP	−0.159%	+0.0376%	1h	$112K	$68K	5x	as long as short
Pacifica PONS	−0.151%	+0.0616%	1h	$50K	$126K	3x	as long as short
Lighter RH PONS	−0.113%	+0.0272%	1h	$428K	$2.2M	3x	as long as short
SunX PONS-USDT	−0.094%	+0.0100%	4h	—	$1.4M	10x	as long as short
Hyperliquid PONS	−0.073%	+0.0732%	1h	$62.8M	$26.5M	3x	as long as short
Phemex PONSUSDT	−0.065%	+0.0100%	4h	$1.7M	$3.3M	20x	as long as short

Show all 30 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
SoDEX PONS-USD	−0.057%	+0.0100%	1h	$28K	$463K	3x	as long as short
MEXC PONS_USDT	−0.049%	+0.0512%	4h	$7.6M	$5.0M	20x	as long as short
Lighter PONS	−0.044%	+0.1592%	1h	$1.8M	$769K	3x	as long as short
Binance PONSUSDT	−0.023%	+0.0504%	4h	$41.1M	$92.7M	20x	as long as short
Aevo PONS-PERP	−0.018%	+0.0216%	1h	$385	—	3x	as long as short
Extended PONS-USD	−0.016%	+0.0504%	1h	$93K	$533K	5x	as long as short
gTrade (Gains Network) PONS/USD	−0.011%	L +0.0032% / S −0.0031%	1h	$223K	—	150x	as long as short
Orderly PERP_PONS_USDC_mythos	−0.005%	+0.0100%	4h	$2K	$2K	10x	as long as short
OKX PONS-USDT-SWAPlong	0.000%	+0.0128%	4h	$14.3M	$54.3M	20x
Bybit PONSUSDT	+0.049%	+0.0415%	4h	$19.7M	$27.2M	20x	as long as short
Bitget PONSUSDT	+0.058%	+0.0320%	4h	$4.8M	$10.7M	20x	as long as short
BingX PONS-USDT	+0.065%	+0.0502%	4h	—	$3.1M	—	as long as short
Aster PONSUSDT	+0.080%	+0.0126%	4h	$1.1M	$2.1M	20x	as long as short
Gate PONS_USDT	+0.146%	−0.2782%	4h	$5.6M	$7.2M	20x	as long as short
BloFin PONS-USDT	+0.226%	+0.0754%	4h	$1.8M	$920K	20x	as long as short
HTX PONS-USDT	+0.327%	+0.0100%	4h	$66K	$490K	20x	as long as short
Phoenix PONS	+0.375%	+0.1528%	1h	$25K	$61K	3x	as long as short
ApeX Omni PONSUSDT	+0.411%	+0.0100%	1h	$39K	$314K	5x	as long as short
edgeX PONSUSDC	+0.809%	+0.0529%	4h	$21K	$290K	10x	as long as short
Variational Omni PONS	+0.962%	+0.0503%	4h	$1.7M	$3.4M	—	as long as short