After costs, if the gap returns to its 7d average, $10k−$259
spread now−0.045%7d average+0.008%fees + slippage, in and out−$254spread needed2.541%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica PONS | 0.6094 | 0.0616 | pay 0.0077% / 1h | 23m 58s | $50K | $123K | 3x |
| Short | Popdex PONSUSDT | 0.6091 | 0.0096 | get 0.0012% / 1h | 23m 58s | $19K | $473K | 20x |
Pacifica PONS
Popdex 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
- −$4.5
- Funding while held
- −$15.61
- Slippage, 4 orders
- −$239.73
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$274.24
- Spread needed to break even
- 2.541%
Slippage from Pacifica: live order book, 20 min ago; Popdex: live order book, 21 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0520%
- Per $10,000 a day
- −$15.61
- 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, 20 min ago | 10.54 bp | 26.3 bp −$26 | doesn't fit | doesn't fit | doesn't fit |
| Sell Popdex live order book, 21 min ago | 6.26 bp | 104.7 bp −$105 | 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
OKX0.6081+5.978%Bybit0.6086+6.065%gTrade (Gains Network)0.6086+6.069%SoDEX0.6087+6.084%Aster0.6089+6.115%Polymarket Perps0.6089+6.122%Binance0.6090+6.135%BingX0.6090+6.135%Aevo0.6090+6.142%
Injective
OKX
Bybit
gTrade (Gains Network)
SoDEX
Aster
Polymarket Perps
Binance
BingX
AevoPopdex0.6091+6.152%
Nado0.6094+6.196%
NadoPacifica0.6094+6.200%
Lighter RH0.6094+6.209%Hyperliquid0.6094+6.211%KuCoin0.6095+6.218%Phemex0.6096+6.239%Orderly0.6098+6.277%SunX0.6098+6.281%MEXC0.6099+6.291%Lighter0.6099+6.293%Gate0.6101+6.326%Bitget0.6101+6.333%Extended0.6102+6.337%HTX0.6111+6.497%BloFin0.6115+6.570%Variational Omni0.6121+6.668%edgeX0.6144+7.069%ApeX Omni0.6150+7.182%Phoenix0.6165+7.445%
Lighter RH
Hyperliquid
KuCoin
Phemex
Orderly
SunX
MEXC
Lighter
Gate
Bitget
Extended
HTX
BloFin
Variational Omni
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 | −5.838% | +0.0033% | 1h | $590 | $11K | 5.5x | as long as short |
| OKX PONS-USDT-SWAP | −0.209% | +0.0133% | 4h | $14.0M | $54.1M | 20x | as long as short |
| Bybit PONSUSDT | −0.127% | +0.0378% | 4h | $18.7M | $28.1M | 20x | as long as short |
| gTrade (Gains Network) PONS/USD | −0.123% | L +0.0032% / S −0.0031% | 1h | $220K | — | 150x | as long as short |
| SoDEX PONS-USD | −0.109% | +0.0100% | 1h | $27K | $467K | 3x | as long as short |
| Aster PONSUSDT | −0.080% | +0.0100% | 4h | $1.1M | $2.1M | 20x | as long as short |
| Polymarket Perps PONS-USD | −0.073% | +0.0576% | 1h | $59K | $1.8M | 3x | as long as short |
| Binance PONSUSDT | −0.061% | +0.0457% | 4h | $40.3M | $94.1M | 20x | as long as short |
| BingX PONS-USDT | −0.061% | +0.0592% | 4h | — | $3.1M | — | as long as short |
| Aevo PONS-PERP | −0.054% | +0.0200% | 1h | $379 | — | 3x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Popdex PONSUSDTshort | −0.045% | +0.0096% | 1h | $19K | $473K | 20x | |
| Nado PONS-PERP | −0.003% | +0.0319% | 1h | $110K | $68K | 5x | as long as short |
| Pacifica PONSlong | 0.000% | +0.0616% | 1h | $50K | $123K | 3x | |
| Lighter RH PONS | +0.009% | +0.0776% | 1h | $424K | $2.3M | 3x | as long as short |
| Hyperliquid PONS | +0.011% | +0.0499% | 1h | $61.3M | $27.2M | 3x | as long as short |
| KuCoin PONSUSDTM | +0.017% | +0.0238% | 4h | $1.8M | $3.1M | 20x | as long as short |
| Phemex PONSUSDT | +0.037% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.073% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| SunX PONS-USDT | +0.076% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| MEXC PONS_USDT | +0.086% | +0.0468% | 4h | $7.5M | $5.1M | 20x | as long as short |
| Lighter PONS | +0.088% | +0.1392% | 1h | $1.8M | $783K | 3x | as long as short |
| Gate PONS_USDT | +0.119% | −0.0502% | 4h | $5.5M | $7.4M | 20x | as long as short |
| Bitget PONSUSDT | +0.126% | +0.0246% | 4h | $4.7M | $10.9M | 20x | as long as short |
| Extended PONS-USD | +0.129% | +0.0456% | 1h | $91K | $543K | 5x | as long as short |
| HTX PONS-USDT | +0.280% | +0.0100% | 4h | $64K | $494K | 20x | as long as short |
| BloFin PONS-USDT | +0.349% | +0.0710% | 4h | $1.8M | $941K | 20x | as long as short |
| Variational Omni PONS | +0.441% | +0.0418% | 4h | $1.3M | $3.8M | — | as long as short |
| edgeX PONSUSDC | +0.819% | +0.0480% | 4h | $21K | $291K | 10x | as long as short |
| ApeX Omni PONSUSDT | +0.925% | +0.0100% | 1h | $38K | $318K | 5x | as long as short |
| Phoenix PONS | +1.173% | +0.1528% | 1h | $25K | $61K | 3x | as long as short |