After costs, if the gap returns to its 7d average, $10k−$63
spread now−0.025%7d average+0.033%fees + slippage, in and out−$57spread needed0.567%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica PONS | 0.5838 | 0.0157 | pay 0.0020% / 1h | 15m 18s | $46K | $116K | 3x |
| Short | Lighter RH PONS | 0.5836 | 0.0120 | get 0.0015% / 1h | 15m 18s | $418K | $2.4M | 3x |
Pacifica PONS
Lighter RH PONSPrice 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
- −$2.5
- Funding while held
- −$1.1
- Slippage, 4 orders
- −$48.74
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$60.34
- Spread needed to break even
- 0.567%
Slippage from Pacifica: live order book, 19 min ago; Lighter RH: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0037%
- Per $10,000 a day
- −$1.10
- 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 Pacifica live order book, 19 min ago | 7.65 bp | 22.2 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 4 min ago | 4.95 bp | 9.4 bp −$9 | 48.5 bp −$485 | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapestPhemex0.5827+1.551%SoDEX0.5827+1.553%SunX0.5835+1.682%Nado0.5835+1.687%Variational Omni0.5835+1.694%Binance0.5835+1.697%Aster0.5835+1.697%
Injective
Phemex
SoDEX
SunX
Nado
Variational Omni
Binance
AsterLighter RH0.5836+1.713%
KuCoin0.5836+1.715%Extended0.5837+1.730%Aevo0.5837+1.730%
KuCoin
Extended
AevoPacifica0.5838+1.739%
gTrade (Gains Network)0.5838+1.751%Bybit0.5839+1.760%Bitget0.5839+1.760%Polymarket Perps0.5840+1.774%MEXC0.5840+1.778%Orderly0.5841+1.793%OKX0.5841+1.795%Popdex0.5841+1.795%Gate0.5841+1.795%HTX0.5841+1.795%BingX0.5842+1.812%Hyperliquid0.5842+1.819%Lighter0.5844+1.847%edgeX0.5853+2.000%BloFin0.5855+2.039%ApeX Omni0.5861+2.149%Phoenix0.5862+2.156%
gTrade (Gains Network)
Bybit
Bitget
Polymarket Perps
MEXC
Orderly
OKX
Popdex
Gate
HTX
BingX
Hyperliquid
Lighter
BloFin
ApeX Omni
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 | −1.709% | +0.0033% | 1h | $590 | $3K | 5.5x | as long as short |
| Phemex PONSUSDT | −0.184% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
| SoDEX PONS-USD | −0.183% | +0.0100% | 1h | $26K | $535K | 3x | as long as short |
| SunX PONS-USDT | −0.056% | +0.0100% | 4h | — | $1.3M | 10x | as long as short |
| Nado PONS-PERP | −0.050% | +0.0100% | 1h | $72K | $94K | 5x | as long as short |
| Variational Omni PONS | −0.044% | +0.0100% | 4h | $1.2M | $4.2M | — | as long as short |
| Binance PONSUSDT | −0.041% | +0.0245% | 4h | $37.7M | $99.4M | 20x | as long as short |
| Aster PONSUSDT | −0.040% | +0.0100% | 4h | $1.1M | $2.1M | 20x | as long as short |
| Lighter RH PONSshort | −0.025% | +0.0120% | 1h | $418K | $2.4M | 3x | |
| KuCoin PONSUSDTM | −0.023% | +0.0100% | 4h | $1.7M | $3.5M | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended PONS-USD | −0.008% | +0.0248% | 1h | $87K | $540K | 5x | as long as short |
| Aevo PONS-PERP | −0.008% | +0.0144% | 1h | $364 | — | 3x | as long as short |
| Pacifica PONSlong | 0.000% | +0.0157% | 1h | $46K | $116K | 3x | |
| gTrade (Gains Network) PONS/USD | +0.013% | L +0.0032% / S −0.0032% | 1h | $211K | — | 150x | as long as short |
| Bybit PONSUSDT | +0.021% | +0.0100% | 4h | $17.2M | $31.3M | 20x | as long as short |
| Bitget PONSUSDT | +0.021% | +0.0142% | 4h | $4.6M | $11.6M | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.035% | +0.0433% | 1h | $65K | $1.8M | 3x | as long as short |
| MEXC PONS_USDT | +0.038% | +0.0246% | 4h | $7.1M | $5.4M | 20x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.054% | +0.0100% | 4h | $2K | $3K | 10x | as long as short |
| OKX PONS-USDT-SWAP | +0.056% | +0.0173% | 4h | $13.0M | $55.5M | 20x | as long as short |
| Popdex PONSUSDT | +0.056% | +0.0096% | 1h | $20K | $513K | 20x | as long as short |
| Gate PONS_USDT | +0.056% | −0.0096% | 4h | $5.2M | $7.3M | 20x | as long as short |
| HTX PONS-USDT | +0.056% | +0.0100% | 4h | $61K | $500K | 20x | as long as short |
| BingX PONS-USDT | +0.073% | +0.0258% | 4h | — | $3.2M | — | as long as short |
| Hyperliquid PONS | +0.079% | +0.0100% | 1h | $58.1M | $29.9M | 3x | as long as short |
| Lighter PONS | +0.107% | +0.0912% | 1h | $1.7M | $871K | 3x | as long as short |
| edgeX PONSUSDC | +0.257% | +0.0261% | 4h | $20K | $293K | 10x | as long as short |
| BloFin PONS-USDT | +0.295% | +0.0494% | 4h | $1.7M | $966K | 20x | as long as short |
| ApeX Omni PONSUSDT | +0.403% | +0.0100% | 1h | $34K | $317K | 5x | as long as short |
| Phoenix PONS | +0.410% | +0.1299% | 1h | $24K | $70K | 3x | as long as short |