After costs, if the gap returns to its 7d average, $10k−$90
spread now+0.206%7d average−0.029%fees + slippage, in and out−$114spread needed1.140%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex PONSUSDT | 0.5814 | 0.0100 | pay 0.0050% / 4h | 1h 32m | $1.7M | $3.3M | 20x |
| Short | Bybit PONSUSDT | 0.5826 | 0.0100 | get 0.0050% / 4h | 1h 32m | $17.0M | $31.2M | 20x |
Phemex PONSUSDT
Bybit 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
- $20.64
- Funding while held
- $0
- Slippage, 4 orders
- −$90.96
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$93.33
- Spread needed to break even
- 1.140%
Slippage from Phemex: live order book, 3 min ago; Bybit: live order book, 3 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 | 6.86 bp | 36.7 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 2.58 bp | 17.4 bp −$17 | 40.0 bp −$400 | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapestSoDEX0.5812+1.290%SunX0.5813+1.305%Nado0.5814+1.320%
Injective
SoDEX
SunX
NadoPhemex0.5814+1.325%
Aevo0.5814+1.333%Aster0.5817+1.369%BloFin0.5817+1.377%gTrade (Gains Network)0.5819+1.410%Orderly0.5820+1.433%Gate0.5823+1.481%Lighter RH0.5824+1.499%KuCoin0.5824+1.504%edgeX0.5824+1.507%Pacifica0.5825+1.514%HTX0.5825+1.518%Bitget0.5825+1.521%Hyperliquid0.5826+1.525%
Aevo
Aster
BloFin
gTrade (Gains Network)
Orderly
Gate
Lighter RH
KuCoin
Pacifica
HTX
Bitget
HyperliquidBybit0.5826+1.534%
OKX0.5826+1.534%Popdex0.5826+1.534%MEXC0.5826+1.534%Extended0.5826+1.541%Binance0.5827+1.551%Polymarket Perps0.5827+1.551%Phoenix0.5828+1.563%BingX0.5828+1.568%Lighter0.5830+1.596%ApeX Omni0.5834+1.668%Variational Omni0.5835+1.685%
OKX
Popdex
MEXC
Extended
Binance
Polymarket Perps
Phoenix
BingX
Lighter
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 | −1.307% | +0.0033% | 1h | $590 | $3K | 5.5x | as long as short |
| SoDEX PONS-USD | −0.034% | +0.0100% | 1h | $26K | $534K | 3x | as long as short |
| SunX PONS-USDT | −0.019% | +0.0100% | 4h | — | $1.3M | 10x | as long as short |
| Nado PONS-PERP | −0.004% | +0.0100% | 1h | $72K | $94K | 5x | as long as short |
| Phemex PONSUSDTlong | 0.000% | +0.0100% | 4h | $1.7M | $3.3M | 20x | |
| Aevo PONS-PERP | +0.008% | +0.0144% | 1h | $362 | — | 3x | as long as short |
| Aster PONSUSDT | +0.044% | +0.0100% | 4h | $1.1M | $2.1M | 20x | as long as short |
| BloFin PONS-USDT | +0.052% | +0.0499% | 4h | $1.7M | $972K | 20x | as long as short |
| gTrade (Gains Network) PONS/USD | +0.084% | L +0.0032% / S −0.0032% | 1h | $210K | — | 150x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.107% | +0.0100% | 4h | $2K | $3K | 10x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate PONS_USDT | +0.155% | −0.0162% | 4h | $5.2M | $7.2M | 20x | as long as short |
| Lighter RH PONS | +0.172% | +0.0312% | 1h | $414K | $2.4M | 3x | as long as short |
| KuCoin PONSUSDTM | +0.177% | +0.0100% | 4h | $1.7M | $3.5M | 20x | as long as short |
| edgeX PONSUSDC | +0.180% | +0.0277% | 4h | $20K | $293K | 10x | as long as short |
| Pacifica PONS | +0.187% | +0.0157% | 1h | $46K | $116K | 3x | as long as short |
| HTX PONS-USDT | +0.191% | +0.0100% | 4h | $61K | $500K | 20x | as long as short |
| Bitget PONSUSDT | +0.194% | +0.0136% | 4h | $4.6M | $11.6M | 20x | as long as short |
| Hyperliquid PONS | +0.198% | +0.0100% | 1h | $58.0M | $29.8M | 3x | as long as short |
| Bybit PONSUSDTshort | +0.206% | +0.0100% | 4h | $17.0M | $31.2M | 20x | |
| OKX PONS-USDT-SWAP | +0.206% | +0.0173% | 4h | $12.9M | $55.4M | 20x | as long as short |
| Popdex PONSUSDT | +0.206% | +0.0096% | 1h | $20K | $512K | 20x | as long as short |
| MEXC PONS_USDT | +0.206% | +0.0258% | 4h | $7.0M | $5.3M | 20x | as long as short |
| Extended PONS-USD | +0.213% | +0.0256% | 1h | $87K | $542K | 5x | as long as short |
| Binance PONSUSDT | +0.224% | +0.0253% | 4h | $37.6M | $99.3M | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.224% | +0.0427% | 1h | $72K | $1.8M | 3x | as long as short |
| Phoenix PONS | +0.236% | +0.1299% | 1h | $24K | $70K | 3x | as long as short |
| BingX PONS-USDT | +0.241% | +0.0265% | 4h | — | $3.3M | — | as long as short |
| Lighter PONS | +0.268% | +0.0904% | 1h | $1.7M | $868K | 3x | as long as short |
| ApeX Omni PONSUSDT | +0.339% | +0.0100% | 1h | $34K | $317K | 5x | as long as short |
| Variational Omni PONS | +0.356% | +0.0100% | 4h | $1.3M | $4.1M | — | as long as short |