After costs, if the gap returns to its 7d average, $10k−$103
spread now−0.095%7d average+0.033%fees + slippage, in and out−$90spread needed0.902%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex PONSUSDT | 0.6316 | 0.0100 | pay 0.0050% / 4h | 40m 50s | $1.7M | $3.3M | 20x |
| Short | Lighter RH PONS | 0.6310 | 0.0192 | get 0.0024% / 1h | 40m 50s | $436K | $2.2M | 3x |
Phemex PONSUSDT
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
- −$9.5
- Funding while held
- $2.76
- Slippage, 4 orders
- −$78.15
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$96.89
- Spread needed to break even
- 0.902%
Slippage from Phemex: live order book, 4 min ago; Lighter RH: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0092%
- Per $10,000 a day
- +$2.76
- 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, 4 min ago | 3.94 bp | 31.8 bp −$32 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 4 min ago | 5.68 bp | 10.3 bp −$10 | 47.5 bp −$475 | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapest
Variational Omni0.6298+9.766%edgeX0.6302+9.835%Aster0.6303+9.854%Aevo0.6306+9.900%gTrade (Gains Network)0.6307+9.912%KuCoin0.6307+9.916%Orderly0.6307+9.916%ApeX Omni0.6307+9.922%Pacifica0.6307+9.925%
Injective
Variational Omni
Aster
Aevo
gTrade (Gains Network)
KuCoin
Orderly
ApeX Omni
PacificaLighter RH0.6310+9.969%
BingX0.6310+9.969%MEXC0.6312+10.003%Extended0.6312+10.010%SoDEX0.6313+10.021%Lighter0.6315+10.058%Binance0.6316+10.067%
BingX
MEXC
Extended
SoDEX
Lighter
BinancePhemex0.6316+10.073%
Gate0.6317+10.091%BloFin0.6317+10.091%Nado0.6318+10.100%SunX0.6318+10.103%Bybit0.6318+10.108%Popdex0.6320+10.143%Polymarket Perps0.6322+10.174%OKX0.6322+10.178%HTX0.6323+10.204%Bitget0.6326+10.254%Hyperliquid0.6331+10.342%Phoenix0.6343+10.544%
Gate
BloFin
Nado
SunX
Bybit
Popdex
Polymarket Perps
OKX
HTX
Bitget
Hyperliquid
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 | −9.151% | +0.0033% | 1h | $590 | $15K | 5.5x | as long as short |
| Variational Omni PONS | −0.279% | +0.0609% | 4h | $1.8M | $3.4M | — | as long as short |
| edgeX PONSUSDC | −0.216% | +0.0644% | 4h | $21K | $288K | 10x | as long as short |
| Aster PONSUSDT | −0.199% | +0.0404% | 4h | $1.1M | $2.2M | 20x | as long as short |
| Aevo PONS-PERP | −0.157% | +0.0232% | 1h | $393 | — | 3x | as long as short |
| gTrade (Gains Network) PONS/USD | −0.146% | L +0.0032% / S −0.0031% | 1h | $227K | — | 150x | as long as short |
| KuCoin PONSUSDTM | −0.142% | +0.0476% | 4h | $1.8M | $3.1M | 20x | as long as short |
| Orderly PERP_PONS_USDC_mythos | −0.142% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| ApeX Omni PONSUSDT | −0.138% | +0.0100% | 1h | $40K | $317K | 5x | as long as short |
| Pacifica PONS | −0.135% | +0.0472% | 1h | $48K | $166K | 3x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Lighter RH PONSshort | −0.095% | +0.0192% | 1h | $436K | $2.2M | 3x | |
| BingX PONS-USDT | −0.095% | +0.0724% | 4h | — | $2.9M | — | as long as short |
| MEXC PONS_USDT | −0.063% | +0.0602% | 4h | $8.2M | $4.9M | 20x | as long as short |
| Extended PONS-USD | −0.057% | +0.0600% | 1h | $95K | $536K | 5x | as long as short |
| SoDEX PONS-USD | −0.047% | +0.0100% | 1h | $28K | $483K | 3x | as long as short |
| Lighter PONS | −0.014% | +0.1056% | 1h | $1.8M | $715K | 3x | as long as short |
| Binance PONSUSDT | −0.005% | +0.0604% | 4h | $42.5M | $93.5M | 20x | as long as short |
| Phemex PONSUSDTlong | 0.000% | +0.0100% | 4h | $1.7M | $3.3M | 20x | |
| Gate PONS_USDT | +0.016% | +0.0100% | 4h | $5.7M | $6.9M | 20x | as long as short |
| BloFin PONS-USDT | +0.016% | +0.0844% | 4h | $1.9M | $923K | 20x | as long as short |
| Nado PONS-PERP | +0.024% | +0.0669% | 1h | $115K | $67K | 5x | as long as short |
| SunX PONS-USDT | +0.027% | +0.0100% | 4h | — | $1.3M | 10x | as long as short |
| Bybit PONSUSDT | +0.032% | +0.0775% | 4h | $20.5M | $26.9M | 20x | as long as short |
| Popdex PONSUSDT | +0.063% | +0.0096% | 1h | $20K | $470K | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.092% | +0.0575% | 1h | $76K | $1.8M | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.095% | +0.0171% | 4h | $15.0M | $55.8M | 20x | as long as short |
| HTX PONS-USDT | +0.119% | +0.0100% | 4h | $67K | $497K | 20x | as long as short |
| Bitget PONSUSDT | +0.165% | +0.0524% | 4h | $5.0M | $10.8M | 20x | as long as short |
| Hyperliquid PONS | +0.244% | +0.1136% | 1h | $64.6M | $26.2M | 3x | as long as short |
| Phoenix PONS | +0.427% | +0.1489% | 1h | $26K | $51K | 3x | as long as short |