PONS

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After costs, if the gap returns to its 7d average, $10k−$57

spread now+0.099%7d average+0.051%fees + slippage, in and out−$61spread needed0.614%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica PONS	0.6370	0.0858	pay 0.0107% / 1h	0m 27s	$49K	$166K	3x
Short	Lighter PONS	0.6376	0.0904	get 0.0113% / 1h	0m 27s	$1.8M	$736K	3x

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 PacificabpFee LighterbpOrdersClose when spread is

Slippage from Pacifica: live order book, 54 min ago; Lighter: live order book, 2 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Pacifica live order book, 54 min ago	9.11 bp	20.6 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 2 min ago	7.12 bp	10.7 bp −$11	27.2 bp −$272	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	−9.921%	+0.0033%	1h	$590	$15K	5.5x	as long as short
gTrade (Gains Network) PONS/USD	−0.501%	L +0.0032% / S −0.0032%	1h	$227K	—	150x	as long as short
BingX PONS-USDT	−0.392%	+0.0668%	4h	—	$2.9M	—	as long as short
Bybit PONSUSDT	−0.376%	+0.0745%	4h	$20.7M	$26.8M	20x	as long as short
Aster PONSUSDT	−0.281%	+0.0445%	4h	$1.1M	$2.2M	20x	as long as short
Binance PONSUSDT	−0.267%	+0.0639%	4h	$42.8M	$93.4M	20x	as long as short
Orderly PERP_PONS_USDC_mythos	−0.252%	+0.0100%	4h	$2K	$2K	10x	as long as short
MEXC PONS_USDT	−0.204%	+0.0644%	4h	$8.2M	$5.0M	20x	as long as short
OKX PONS-USDT-SWAP	−0.172%	+0.0184%	4h	$15.1M	$56.9M	20x	as long as short
Polymarket Perps PONS-USD	−0.114%	+0.0570%	1h	$79K	$1.8M	3x	as long as short

Show all 30 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Bitget PONSUSDT	−0.102%	+0.0600%	4h	$5.0M	$10.6M	20x	as long as short
Extended PONS-USD	−0.088%	+0.0648%	1h	$162K	$471K	5x	as long as short
KuCoin PONSUSDTM	−0.081%	+0.0568%	4h	$1.9M	$2.8M	20x	as long as short
Popdex PONSUSDT	−0.062%	+0.0096%	1h	$20K	$471K	20x	as long as short
Phemex PONSUSDT	−0.062%	+0.0100%	4h	$1.8M	$3.4M	20x	as long as short
BloFin PONS-USDT	−0.062%	+0.0885%	4h	$1.9M	$921K	20x	as long as short
Hyperliquid PONS	−0.041%	+0.1043%	1h	$64.9M	$26.0M	3x	as long as short
SoDEX PONS-USD	−0.039%	+0.0100%	1h	$29K	$479K	3x	as long as short
Nado PONS-PERP	−0.001%	+0.0541%	1h	$117K	$71K	5x	as long as short
Pacifica PONSlong	0.000%	+0.0858%	1h	$49K	$166K	3x
Aevo PONS-PERP	0.000%	+0.0240%	1h	$397	—	3x	as long as short
Lighter RH PONS	+0.037%	+0.0416%	1h	$440K	$2.2M	3x	as long as short
SunX PONS-USDT	+0.051%	+0.0100%	4h	—	$1.3M	10x	as long as short
Gate PONS_USDT	+0.063%	+0.0412%	4h	$5.7M	$7.4M	20x	as long as short
Variational Omni PONS	+0.079%	+0.0574%	4h	$1.9M	$3.3M	—	as long as short
Lighter PONSshort	+0.099%	+0.0904%	1h	$1.8M	$736K	3x
edgeX PONSUSDC	+0.211%	+0.0658%	4h	$22K	$289K	10x	as long as short
ApeX Omni PONSUSDT	+0.266%	+0.0100%	1h	$40K	$316K	5x	as long as short
Phoenix PONS	+0.294%	+0.1767%	1h	$26K	$45K	3x	as long as short
HTX PONS-USDT	+0.434%	+0.0100%	4h	$67K	$493K	20x	as long as short