After costs, if the gap returns to its 7d average, $10k−$138
spread now−0.250%7d average−0.049%fees + slippage, in and out−$118spread needed1.183%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex PONSUSDT | 0.6093 | 0.0100 | pay 0.0050% / 4h | 3h 22m | $1.7M | $3.3M | 20x |
| Short | Aster PONSUSDT | 0.6078 | 0.0100 | get 0.0050% / 4h | 3h 22m | $1.1M | $2.1M | 20x |
Phemex PONSUSDT
Aster 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
- −$24.96
- Funding while held
- $0
- Slippage, 4 orders
- −$98.25
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$143.21
- Spread needed to break even
- 1.183%
Slippage from Phemex: live order book, 3 min ago; Aster: live order book, 2 min ago.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- 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 Phemex live order book, 3 min ago | 2.45 bp | 39.0 bp −$39 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aster live order book, 2 min ago | 4.68 bp | 10.5 bp −$11 | 25.7 bp −$257 | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapest
InjectiveAster0.6078+5.922%
gTrade (Gains Network)0.6079+5.951%BingX0.6083+6.013%KuCoin0.6084+6.026%SunX0.6085+6.042%Gate0.6085+6.047%Hyperliquid0.6086+6.056%Popdex0.6086+6.065%Polymarket Perps0.6086+6.065%Aevo0.6087+6.077%Nado0.6089+6.114%Pacifica0.6089+6.122%Binance0.6091+6.149%OKX0.6091+6.152%Bitget0.6091+6.157%Extended0.6091+6.159%SoDEX0.6092+6.168%Lighter RH0.6093+6.185%Bybit0.6093+6.187%MEXC0.6093+6.187%
gTrade (Gains Network)
BingX
KuCoin
SunX
Gate
Hyperliquid
Popdex
Polymarket Perps
Aevo
Nado
Pacifica
Binance
OKX
Bitget
Extended
SoDEX
Lighter RH
Bybit
MEXCPhemex0.6093+6.187%
BloFin0.6095+6.222%Orderly0.6095+6.225%Lighter0.6095+6.227%edgeX0.6107+6.431%HTX0.6108+6.455%Phoenix0.6114+6.558%ApeX Omni0.6116+6.595%Variational Omni0.6121+6.668%
BloFin
Orderly
Lighter
HTX
Phoenix
ApeX Omni
Variational OmniPONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −5.826% | +0.0033% | 1h | $590 | $11K | 5.5x | as long as short |
| Aster PONSUSDTshort | −0.250% | +0.0100% | 4h | $1.1M | $2.1M | 20x | |
| gTrade (Gains Network) PONS/USD | −0.223% | L +0.0032% / S −0.0031% | 1h | $219K | — | 150x | as long as short |
| BingX PONS-USDT | −0.164% | +0.0592% | 4h | — | $3.1M | — | as long as short |
| KuCoin PONSUSDTM | −0.151% | +0.0240% | 4h | $1.8M | $3.1M | 20x | as long as short |
| SunX PONS-USDT | −0.136% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| Gate PONS_USDT | −0.131% | −0.0666% | 4h | $5.4M | $7.4M | 20x | as long as short |
| Hyperliquid PONS | −0.123% | +0.0487% | 1h | $61.2M | $27.2M | 3x | as long as short |
| Popdex PONSUSDT | −0.115% | +0.0096% | 1h | $19K | $473K | 20x | as long as short |
| Polymarket Perps PONS-USD | −0.115% | +0.0579% | 1h | $59K | $1.7M | 3x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aevo PONS-PERP | −0.104% | +0.0200% | 1h | $379 | — | 3x | as long as short |
| Nado PONS-PERP | −0.068% | +0.0301% | 1h | $110K | $68K | 5x | as long as short |
| Pacifica PONS | −0.061% | +0.0616% | 1h | $50K | $123K | 3x | as long as short |
| Binance PONSUSDT | −0.036% | +0.0448% | 4h | $40.3M | $94.1M | 20x | as long as short |
| OKX PONS-USDT-SWAP | −0.033% | +0.0135% | 4h | $13.9M | $54.1M | 20x | as long as short |
| Bitget PONSUSDT | −0.028% | +0.0240% | 4h | $4.7M | $10.9M | 20x | as long as short |
| Extended PONS-USD | −0.026% | +0.0448% | 1h | $89K | $546K | 5x | as long as short |
| SoDEX PONS-USD | −0.018% | +0.0100% | 1h | $27K | $467K | 3x | as long as short |
| Lighter RH PONS | −0.002% | +0.0760% | 1h | $424K | $2.3M | 3x | as long as short |
| Bybit PONSUSDT | 0.000% | +0.0326% | 4h | $18.7M | $28.1M | 20x | as long as short |
| MEXC PONS_USDT | 0.000% | +0.0456% | 4h | $7.5M | $5.1M | 20x | as long as short |
| Phemex PONSUSDTlong | 0.000% | +0.0100% | 4h | $1.7M | $3.3M | 20x | |
| BloFin PONS-USDT | +0.033% | +0.0697% | 4h | $1.8M | $959K | 20x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.036% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| Lighter PONS | +0.038% | +0.1400% | 1h | $1.8M | $784K | 3x | as long as short |
| edgeX PONSUSDC | +0.230% | +0.0494% | 4h | $21K | $291K | 10x | as long as short |
| HTX PONS-USDT | +0.253% | +0.0100% | 4h | $64K | $494K | 20x | as long as short |
| Phoenix PONS | +0.350% | +0.1528% | 1h | $25K | $61K | 3x | as long as short |
| ApeX Omni PONSUSDT | +0.384% | +0.0100% | 1h | $38K | $317K | 5x | as long as short |
| Variational Omni PONS | +0.453% | +0.0418% | 4h | $1.3M | $3.8M | — | as long as short |