After costs, if the gap returns to its 7d average, $10k−$109
spread now+0.354%7d average−0.017%fees + slippage, in and out−$146spread needed1.462%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex PONSUSDT | 0.6355 | 0.0100 | pay 0.0050% / 4h | 1h 37m | $1.8M | $3.4M | 20x |
| Short | KuCoin PONSUSDTM | 0.6378 | 0.0566 | get 0.0283% / 4h | 1h 37m | $2.3M | $2.1M | 20x |
Phemex PONSUSDT
KuCoin PONSUSDTMPrice 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
- $35.41
- Funding while held
- $13.98
- Slippage, 4 orders
- −$122.22
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$96.83
- Spread needed to break even
- 1.462%
Slippage from Phemex: live order book, 2 min ago; KuCoin: live order book, 5 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0466%
- Per $10,000 a day
- +$13.98
- 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, 2 min ago | 6.30 bp | 45.5 bp −$45 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 3.06 bp | 36.2 bp −$36 | 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
gTrade (Gains Network)0.6347+10.607%Nado0.6350+10.666%Popdex0.6351+10.683%Polymarket Perps0.6351+10.683%
Injective
gTrade (Gains Network)
Nado
Popdex
Polymarket PerpsPhemex0.6355+10.753%
Phoenix0.6356+10.772%Aevo0.6356+10.776%SunX0.6358+10.803%SoDEX0.6358+10.805%BloFin0.6358+10.805%Orderly0.6358+10.810%Aster0.6361+10.852%HTX0.6365+10.931%ApeX Omni0.6366+10.939%BingX0.6368+10.979%Gate0.6370+11.014%Variational Omni0.6373+11.066%Extended0.6375+11.098%OKX0.6376+11.119%Lighter RH0.6377+11.136%Binance0.6377+11.139%Lighter0.6377+11.143%
Phoenix
Aevo
SunX
SoDEX
BloFin
Orderly
Aster
HTX
ApeX Omni
BingX
Gate
Variational Omni
Extended
OKX
Lighter RH
Binance
LighterKuCoin0.6378+11.145%
MEXC0.6378+11.154%Bitget0.6379+11.164%Pacifica0.6379+11.169%Bybit0.6379+11.171%edgeX0.6382+11.223%Hyperliquid0.6382+11.229%
MEXC
Bitget
Pacifica
Bybit
HyperliquidPONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −9.709% | +0.0033% | 1h | $590 | $15K | 5.5x | as long as short |
| gTrade (Gains Network) PONS/USD | −0.131% | L +0.0032% / S −0.0032% | 1h | $227K | — | 150x | as long as short |
| Nado PONS-PERP | −0.079% | +0.0453% | 1h | $117K | $67K | 5x | as long as short |
| Popdex PONSUSDT | −0.063% | +0.0096% | 1h | $20K | $470K | 20x | as long as short |
| Polymarket Perps PONS-USD | −0.063% | +0.0456% | 1h | $64K | $1.7M | 3x | as long as short |
| Phemex PONSUSDTlong | 0.000% | +0.0100% | 4h | $1.8M | $3.4M | 20x | |
| Phoenix PONS | +0.017% | +0.1767% | 1h | $26K | $45K | 3x | as long as short |
| Aevo PONS-PERP | +0.021% | +0.0256% | 1h | $396 | — | 3x | as long as short |
| SunX PONS-USDT | +0.046% | +0.0100% | 4h | — | $1.2M | 10x | as long as short |
| SoDEX PONS-USD | +0.047% | +0.0100% | 1h | $29K | $463K | 3x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin PONS-USDT | +0.047% | +0.0927% | 4h | $1.9M | $905K | 20x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.052% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| Aster PONSUSDT | +0.090% | +0.0400% | 4h | $1.1M | $2.2M | 20x | as long as short |
| HTX PONS-USDT | +0.161% | +0.0100% | 4h | $66K | $490K | 20x | as long as short |
| ApeX Omni PONSUSDT | +0.168% | +0.0100% | 1h | $40K | $319K | 5x | as long as short |
| BingX PONS-USDT | +0.205% | +0.0688% | 4h | — | $2.9M | — | as long as short |
| Gate PONS_USDT | +0.236% | +0.0962% | 4h | $5.7M | $7.1M | 20x | as long as short |
| Variational Omni PONS | +0.282% | +0.0496% | 4h | $1.8M | $3.3M | — | as long as short |
| Extended PONS-USD | +0.311% | +0.0680% | 1h | $161K | $463K | 5x | as long as short |
| OKX PONS-USDT-SWAP | +0.330% | +0.0206% | 4h | $15.2M | $56.6M | 20x | as long as short |
| Lighter RH PONS | +0.346% | +0.0288% | 1h | $451K | $2.2M | 3x | as long as short |
| Binance PONSUSDT | +0.349% | +0.0672% | 4h | $42.9M | $92.5M | 20x | as long as short |
| Lighter PONS | +0.352% | +0.0824% | 1h | $1.8M | $729K | 3x | as long as short |
| KuCoin PONSUSDTMshort | +0.354% | +0.0566% | 4h | $2.3M | $2.1M | 20x | |
| MEXC PONS_USDT | +0.362% | +0.0678% | 4h | $8.2M | $4.9M | 20x | as long as short |
| Bitget PONSUSDT | +0.371% | +0.0706% | 4h | $5.1M | $10.4M | 20x | as long as short |
| Pacifica PONS | +0.375% | +0.0858% | 1h | $49K | $166K | 3x | as long as short |
| Bybit PONSUSDT | +0.378% | +0.0627% | 4h | $20.4M | $26.0M | 20x | as long as short |
| edgeX PONSUSDC | +0.424% | +0.0689% | 4h | $22K | $287K | 10x | as long as short |
| Hyperliquid PONS | +0.430% | +0.0987% | 1h | $64.7M | $25.3M | 3x | as long as short |