After costs, if the gap returns to its 7d average, $10k−$129
spread now−0.228%7d average+0.006%fees + slippage, in and out−$105spread needed1.053%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex PONSUSDT | 0.6150 | 0.0648 | pay 0.0324% / 4h | 3h 47m | $1.7M | $3.3M | 20x |
| Short | MEXC PONS_USDT | 0.6136 | 0.0492 | get 0.0246% / 4h | 3h 47m | $7.5M | $5.0M | 20x |
Phemex PONSUSDT
MEXC PONS_USDTPrice 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
- −$22.76
- Funding while held
- −$4.67
- Slippage, 4 orders
- −$93.31
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$132.74
- Spread needed to break even
- 1.053%
Slippage from Phemex: live order book, 3 min ago; MEXC: live order book, 2 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0156%
- Per $10,000 a day
- −$4.67
- 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 | 2.44 bp | 42.6 bp −$43 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 6.49 bp | 9.1 bp −$9 | 16.4 bp −$164 | 308.4 bp −$30.8K | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapest
OKX0.6125+6.745%BingX0.6125+6.745%Bybit0.6128+6.797%Bitget0.6131+6.854%Popdex0.6132+6.867%Gate0.6135+6.919%Binance0.6135+6.924%Pacifica0.6135+6.924%
Injective
OKX
BingX
Bybit
Bitget
Popdex
Gate
Binance
PacificaMEXC0.6136+6.936%
Variational Omni0.6136+6.937%Extended0.6137+6.947%gTrade (Gains Network)0.6138+6.971%KuCoin0.6141+7.018%Hyperliquid0.6141+7.020%Aster0.6142+7.037%Lighter0.6142+7.039%Lighter RH0.6142+7.039%Polymarket Perps0.6142+7.043%SunX0.6142+7.044%Nado0.6143+7.061%SoDEX0.6145+7.093%Aevo0.6147+7.119%
Variational Omni
Extended
gTrade (Gains Network)
KuCoin
Hyperliquid
Aster
Lighter
Lighter RH
Polymarket Perps
SunX
Nado
SoDEX
AevoPhemex0.6150+7.180%
Orderly0.6152+7.219%HTX0.6155+7.267%BloFin0.6159+7.337%edgeX0.6162+7.386%ApeX Omni0.6167+7.470%Phoenix0.6179+7.691%
Orderly
HTX
BloFin
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 | −6.699% | +0.0033% | 1h | $590 | $11K | 5.5x | as long as short |
| OKX PONS-USDT-SWAP | −0.407% | +0.0141% | 4h | $14.1M | $54.0M | 20x | as long as short |
| BingX PONS-USDT | −0.407% | +0.0498% | 4h | — | $3.1M | — | as long as short |
| Bybit PONSUSDT | −0.358% | +0.0403% | 4h | $19.4M | $27.4M | 20x | as long as short |
| Bitget PONSUSDT | −0.304% | +0.0310% | 4h | $4.8M | $10.8M | 20x | as long as short |
| Popdex PONSUSDT | −0.293% | +0.0096% | 1h | $16K | $468K | 20x | as long as short |
| Gate PONS_USDT | −0.244% | −0.2410% | 4h | $5.5M | $7.3M | 20x | as long as short |
| Binance PONSUSDT | −0.239% | +0.0493% | 4h | $40.6M | $93.1M | 20x | as long as short |
| Pacifica PONS | −0.239% | +0.0616% | 1h | $49K | $122K | 3x | as long as short |
| MEXC PONS_USDTshort | −0.228% | +0.0492% | 4h | $7.5M | $5.0M | 20x |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni PONS | −0.227% | +0.0488% | 4h | $1.6M | $3.5M | — | as long as short |
| Extended PONS-USD | −0.218% | +0.0496% | 1h | $92K | $533K | 5x | as long as short |
| gTrade (Gains Network) PONS/USD | −0.195% | L +0.0032% / S −0.0031% | 1h | $221K | — | 150x | as long as short |
| KuCoin PONSUSDTM | −0.151% | +0.0256% | 4h | $1.8M | $3.1M | 20x | as long as short |
| Hyperliquid PONS | −0.150% | +0.0644% | 1h | $61.9M | $27.0M | 3x | as long as short |
| Aster PONSUSDT | −0.133% | +0.0100% | 4h | $1.1M | $2.1M | 20x | as long as short |
| Lighter PONS | −0.132% | +0.1384% | 1h | $1.8M | $772K | 3x | as long as short |
| Lighter RH PONS | −0.132% | +0.0728% | 1h | $431K | $2.2M | 3x | as long as short |
| Polymarket Perps PONS-USD | −0.128% | +0.0633% | 1h | $63K | $1.8M | 3x | as long as short |
| SunX PONS-USDT | −0.127% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| Nado PONS-PERP | −0.111% | +0.0377% | 1h | $111K | $69K | 5x | as long as short |
| SoDEX PONS-USD | −0.081% | +0.0100% | 1h | $27K | $466K | 3x | as long as short |
| Aevo PONS-PERP | −0.057% | +0.0200% | 1h | $383 | — | 3x | as long as short |
| Phemex PONSUSDTlong | 0.000% | +0.0648% | 4h | $1.7M | $3.3M | 20x | |
| Orderly PERP_PONS_USDC_mythos | +0.036% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| HTX PONS-USDT | +0.081% | +0.0100% | 4h | $66K | $491K | 20x | as long as short |
| BloFin PONS-USDT | +0.146% | +0.0724% | 4h | $1.9M | $942K | 20x | as long as short |
| edgeX PONSUSDC | +0.192% | +0.0514% | 4h | $21K | $292K | 10x | as long as short |
| ApeX Omni PONSUSDT | +0.270% | +0.0100% | 1h | $36K | $315K | 5x | as long as short |
| Phoenix PONS | +0.476% | +0.1528% | 1h | $25K | $61K | 3x | as long as short |