data as of
Settings8H · net · $10k
Price arb /

PONS

all PONS markets
SwapFunding view
Alert
After costs, if the gap returns to its 7d average, $10k−$92
spread now−0.026%7d average−0.057%fees + slippage, in and out−$95spread needed0.946%
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica PONS0.63420.0858pay 0.0107% / 1h59m 01s$49K$166K3x
ShortGate PONS_USDT0.63400.0382get 0.0191% / 4h59m 01s$5.7M$6.8M20x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$2.62
Funding while held
−$14.27
Slippage, 4 orders
−$71.58
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$111.47
Spread needed to break even
0.946%
Slippage from Pacifica: live order book, 55 min ago; Gate: live order book, 1 min ago.

Cost of waiting

funding view
Funding /8h
−0.0476%
Per $10,000 a day
$14.27
Average in range /8h

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Pacifica live order book, 55 min ago9.11 bp20.6 bp −$21doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 1 min ago3.94 bp26.7 bp −$2779.8 bp −$798doesn't fitdoesn't fit

PONS price on every exchange

against the cheapest. Click to use as the short leg.

PONS on 30 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective PONS/USDC PERP−9.519%+0.0033%1h$590$15K5.5xas long as short
Extended PONS-USD−0.289%+0.0632%1h$160K$472K5xas long as short
gTrade (Gains Network) PONS/USD−0.238%L +0.0032% / S −0.0032%1h$226K150xas long as short
Aevo PONS-PERP−0.174%+0.0240%1h$3943xas long as short
KuCoin PONSUSDTM−0.162%+0.0568%4h$1.9M$2.8M20xas long as short
Popdex PONSUSDT−0.152%+0.0096%1h$20K$471K20xas long as short
Phemex PONSUSDT−0.152%+0.0100%4h$1.7M$3.4M20xas long as short
Orderly PERP_PONS_USDC_mythos−0.151%+0.0100%4h$2K$2K10xas long as short
SoDEX PONS-USD−0.141%+0.0100%1h$28K$476K3xas long as short
MEXC PONS_USDT−0.137%+0.0638%4h$8.2M$4.9M20xas long as short
Show all 30 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Polymarket Perps PONS-USD−0.102%+0.0100%1h$81K$1.8M3xas long as short
Nado PONS-PERP−0.089%+0.0662%1h$116K$71K5xas long as short
Lighter RH PONS−0.069%+0.0248%1h$443K$2.1M3xas long as short
BloFin PONS-USDT−0.058%+0.0872%4h$1.9M$918K20xas long as short
Lighter PONS−0.056%+0.0888%1h$1.8M$710K3xas long as short
Gate PONS_USDTshort−0.026%+0.0382%4h$5.7M$6.8M20x
Pacifica PONSlong0.000%+0.0858%1h$49K$166K3x
Phoenix PONS+0.002%+0.1767%1h$26K$45K3xas long as short
Bitget PONSUSDT+0.018%+0.0596%4h$5.0M$10.7M20xas long as short
SunX PONS-USDT+0.031%+0.0100%4h$1.3M10xas long as short
BingX PONS-USDT+0.037%+0.0668%4h$2.9Mas long as short
Binance PONSUSDT+0.074%+0.0632%4h$42.7M$93.7M20xas long as short
Aster PONSUSDT+0.081%+0.0445%4h$1.1M$2.2M20xas long as short
HTX PONS-USDT+0.245%+0.0100%4h$66K$493K20xas long as short
Hyperliquid PONS+0.267%+0.1297%1h$64.8M$26.0M3xas long as short
OKX PONS-USDT-SWAP+0.352%+0.0172%4h$15.1M$56.9M20xas long as short
Bybit PONSUSDT+0.384%+0.0754%4h$20.8M$26.8M20xas long as short
edgeX PONSUSDC+0.446%+0.0662%4h$22K$290K10xas long as short
Variational Omni PONS+0.526%+0.0574%4h$1.9M$3.3Mas long as short
ApeX Omni PONSUSDT+0.713%+0.0100%1h$40K$316K5xas long as short