After costs, if the gap returns to its 7d average, $10k−$208
spread now+0.005%7d average−0.007%fees + slippage, in and out−$209spread needed2.093%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex PONSUSDT | 0.5861 | 0.0100 | pay 0.0050% / 4h | 1h 09m | $1.7M | $3.3M | 20x |
| Short | SoDEX PONS-USD | 0.5861 | 0.0100 | get 0.0013% / 1h | 9m 37s | $27K | $534K | 3x |
Phemex PONSUSDT
SoDEX PONS-USDPrice 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
- $0.51
- Funding while held
- $0
- Slippage, 4 orders
- −$189.29
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$208.78
- Spread needed to break even
- 2.093%
Slippage from Phemex: live order book, 6 min ago; SoDEX: live order book, 25 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, 6 min ago | 3.42 bp | 38.4 bp −$38 | doesn't fit | doesn't fit | doesn't fit |
| Sell SoDEX live order book, 25 min ago | 1.72 bp | 67.8 bp −$68 | doesn't fit | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapestPhoenix0.5849+1.936%Variational Omni0.5853+1.999%HTX0.5854+2.025%gTrade (Gains Network)0.5855+2.038%Aster0.5858+2.090%Gate0.5859+2.109%SunX0.5859+2.114%KuCoin0.5860+2.124%Polymarket Perps0.5860+2.131%Binance0.5860+2.132%
Injective
Phoenix
Variational Omni
HTX
gTrade (Gains Network)
Aster
Gate
SunX
KuCoin
Polymarket Perps
BinancePhemex0.5861+2.144%
Extended0.5861+2.146%Nado0.5861+2.148%
Extended
NadoSoDEX0.5861+2.149%
Hyperliquid0.5861+2.152%Popdex0.5862+2.161%MEXC0.5862+2.161%BingX0.5862+2.161%edgeX0.5863+2.178%Lighter RH0.5863+2.178%Bybit0.5863+2.178%ApeX Omni0.5863+2.184%Aevo0.5864+2.187%Pacifica0.5864+2.190%Bitget0.5864+2.196%OKX0.5867+2.248%BloFin0.5868+2.266%Lighter0.5868+2.269%Orderly0.5871+2.311%
Hyperliquid
Popdex
MEXC
BingX
Lighter RH
Bybit
ApeX Omni
Aevo
Pacifica
Bitget
OKX
BloFin
Lighter
OrderlyPONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −2.099% | +0.0033% | 1h | $590 | $3K | 5.5x | as long as short |
| Phoenix PONS | −0.203% | +0.1299% | 1h | $27K | $70K | 3x | as long as short |
| Variational Omni PONS | −0.142% | +0.0100% | 4h | $1.2M | $4.2M | — | as long as short |
| HTX PONS-USDT | −0.116% | +0.0100% | 4h | $62K | $500K | 20x | as long as short |
| gTrade (Gains Network) PONS/USD | −0.104% | L +0.0032% / S −0.0032% | 1h | $212K | — | 150x | as long as short |
| Aster PONSUSDT | −0.053% | +0.0100% | 4h | $1.1M | $2.1M | 20x | as long as short |
| Gate PONS_USDT | −0.034% | −0.0068% | 4h | $5.2M | $7.3M | 20x | as long as short |
| SunX PONS-USDT | −0.029% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| KuCoin PONSUSDTM | −0.019% | +0.0100% | 4h | $1.7M | $3.5M | 20x | as long as short |
| Polymarket Perps PONS-USD | −0.012% | +0.0445% | 1h | $63K | $1.8M | 3x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance PONSUSDT | −0.012% | +0.0254% | 4h | $37.8M | $99.3M | 20x | as long as short |
| Phemex PONSUSDTlong | 0.000% | +0.0100% | 4h | $1.7M | $3.3M | 20x | |
| Extended PONS-USD | +0.003% | +0.0248% | 1h | $87K | $540K | 5x | as long as short |
| Nado PONS-PERP | +0.005% | +0.0100% | 1h | $72K | $95K | 5x | as long as short |
| SoDEX PONS-USDshort | +0.005% | +0.0100% | 1h | $27K | $534K | 3x | |
| Hyperliquid PONS | +0.009% | +0.0100% | 1h | $58.3M | $29.7M | 3x | as long as short |
| Popdex PONSUSDT | +0.017% | +0.0096% | 1h | $20K | $513K | 20x | as long as short |
| MEXC PONS_USDT | +0.017% | +0.0250% | 4h | $7.1M | $5.4M | 20x | as long as short |
| BingX PONS-USDT | +0.017% | +0.0242% | 4h | — | $3.2M | — | as long as short |
| edgeX PONSUSDC | +0.034% | +0.0253% | 4h | $20K | $292K | 10x | as long as short |
| Lighter RH PONS | +0.034% | +0.0112% | 1h | $414K | $2.4M | 3x | as long as short |
| Bybit PONSUSDT | +0.034% | +0.0100% | 4h | $17.3M | $31.4M | 20x | as long as short |
| ApeX Omni PONSUSDT | +0.039% | +0.0100% | 1h | $34K | $316K | 5x | as long as short |
| Aevo PONS-PERP | +0.043% | +0.0144% | 1h | $365 | — | 3x | as long as short |
| Pacifica PONS | +0.045% | +0.0157% | 1h | $46K | $116K | 3x | as long as short |
| Bitget PONSUSDT | +0.051% | +0.0150% | 4h | $4.6M | $11.5M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.102% | +0.0184% | 4h | $13.1M | $55.7M | 20x | as long as short |
| BloFin PONS-USDT | +0.119% | +0.0491% | 4h | $1.7M | $970K | 20x | as long as short |
| Lighter PONS | +0.123% | +0.0944% | 1h | $1.7M | $871K | 3x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.164% | +0.0100% | 4h | $2K | $3K | 10x | as long as short |