PONS

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After costs, if the gap returns to its 7d average, $10k−$113

spread now+0.079%7d average−0.003%fees + slippage, in and out−$121spread needed1.214%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex PONSUSDT	0.6258	0.0100	pay 0.0050% / 4h	7m 24s	$1.7M	$3.3M	20x
Short	Pacifica PONS	0.6263	0.0472	get 0.0059% / 1h	7m 24s	$50K	$126K	3x

Price spread history

latest

Range statsloading…

share of time at each level, last 7D

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Position, each leg$Hold forhoursFee PhemexbpFee PacificabpOrdersClose when spread is

Slippage from Phemex: live order book, 3 min ago; Pacifica: live order book, 42 min ago.

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	5.63 bp	43.8 bp −$44	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica live order book, 42 min ago	8.16 bp	14.1 bp −$14	doesn't fit	doesn't fit	doesn't fit

against the cheapest. Click to use as the short leg.

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Injective PONS/USDC PERP	−8.309%	+0.0033%	1h	$590	$15K	5.5x	as long as short
Variational Omni PONS	−0.652%	+0.0537%	4h	$1.7M	$3.5M	—	as long as short
Phoenix PONS	−0.642%	+0.1489%	1h	$25K	$51K	3x	as long as short
edgeX PONSUSDC	−0.611%	+0.0548%	4h	$21K	$288K	10x	as long as short
ApeX Omni PONSUSDT	−0.585%	+0.0100%	1h	$39K	$314K	5x	as long as short
BloFin PONS-USDT	−0.368%	+0.0778%	4h	$1.9M	$918K	20x	as long as short
BingX PONS-USDT	−0.160%	+0.0610%	4h	—	$3.1M	—	as long as short
gTrade (Gains Network) PONS/USD	−0.099%	L +0.0032% / S −0.0031%	1h	$225K	—	150x	as long as short
OKX PONS-USDT-SWAP	−0.016%	+0.0147%	4h	$14.5M	$55.2M	20x	as long as short
Binance PONSUSDT	0.000%	+0.0541%	4h	$41.6M	$92.6M	20x	as long as short

Show all 30 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Bybit PONSUSDT	0.000%	+0.0632%	4h	$20.0M	$27.1M	20x	as long as short
Phemex PONSUSDTlong	0.000%	+0.0100%	4h	$1.7M	$3.3M	20x
Popdex PONSUSDT	+0.016%	+0.0096%	1h	$20K	$455K	20x	as long as short
MEXC PONS_USDT	+0.016%	+0.0540%	4h	$7.9M	$5.1M	20x	as long as short
Hyperliquid PONS	+0.022%	+0.1048%	1h	$63.6M	$26.6M	3x	as long as short
Polymarket Perps PONS-USD	+0.035%	+0.0570%	1h	$67K	$1.8M	3x	as long as short
Aevo PONS-PERP	+0.038%	+0.0216%	1h	$390	—	3x	as long as short
Bitget PONSUSDT	+0.038%	+0.0382%	4h	$4.9M	$10.8M	20x	as long as short
KuCoin PONSUSDTM	+0.040%	+0.0304%	4h	$1.8M	$3.1M	20x	as long as short
HTX PONS-USDT	+0.042%	+0.0100%	4h	$67K	$493K	20x	as long as short
Extended PONS-USD	+0.042%	+0.0544%	1h	$94K	$533K	5x	as long as short
Aster PONSUSDT	+0.045%	+0.0253%	4h	$1.1M	$2.2M	20x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.054%	+0.0100%	4h	$2K	$2K	10x	as long as short
Lighter RH PONS	+0.061%	+0.0464%	1h	$431K	$2.2M	3x	as long as short
Nado PONS-PERP	+0.064%	+0.0606%	1h	$113K	$67K	5x	as long as short
Pacifica PONSshort	+0.079%	+0.0472%	1h	$50K	$126K	3x
Gate PONS_USDT	+0.080%	−0.0200%	4h	$5.6M	$7.3M	20x	as long as short
SoDEX PONS-USD	+0.113%	+0.0100%	1h	$28K	$470K	3x	as long as short
Lighter PONS	+0.128%	+0.1136%	1h	$1.8M	$772K	3x	as long as short
SunX PONS-USDT	+0.142%	+0.0100%	4h	—	$1.4M	10x	as long as short