After costs, if the gap returns to its 7d average, $10k−$238
spread now−0.034%7d average+0.045%fees + slippage, in and out−$230spread needed2.301%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Popdex PONSUSDT | 0.5844 | 0.0096 | pay 0.0012% / 1h | 23m 59s | $20K | $512K | 20x |
| Short | BloFin PONS-USDT | 0.5842 | 0.0498 | get 0.0249% / 4h | 1h 23m | $1.7M | $969K | 20x |
Popdex PONSUSDT
BloFin 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
- −$3.42
- Funding while held
- $12.05
- Slippage, 4 orders
- −$211.67
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$221.44
- Spread needed to break even
- 2.301%
Slippage from Popdex: live order book, 11 min ago; BloFin: live order book, 5 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0402%
- Per $10,000 a day
- +$12.05
- 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 Popdex live order book, 11 min ago | 4.89 bp | 109.5 bp −$110 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 5 min ago | 1.71 bp | 20.3 bp −$20 | 38.6 bp −$386 | 98.8 bp −$9,881 | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapestedgeX0.5832+1.638%ApeX Omni0.5834+1.666%Phoenix0.5836+1.701%gTrade (Gains Network)0.5838+1.740%OKX0.5839+1.760%Phemex0.5839+1.760%Aster0.5840+1.777%Nado0.5841+1.788%Extended0.5841+1.793%Binance0.5841+1.795%Bybit0.5841+1.795%Pacifica0.5842+1.804%KuCoin0.5842+1.806%
Injective
ApeX Omni
Phoenix
gTrade (Gains Network)
OKX
Phemex
Aster
Nado
Extended
Binance
Bybit
Pacifica
KuCoinBloFin0.5842+1.812%
Aevo0.5843+1.825%Gate0.5843+1.830%SunX0.5843+1.830%Bitget0.5843+1.832%Hyperliquid0.5843+1.837%
Aevo
Gate
SunX
Bitget
HyperliquidPopdex0.5844+1.847%
SoDEX0.5844+1.847%HTX0.5844+1.853%Lighter RH0.5845+1.860%Polymarket Perps0.5845+1.863%MEXC0.5845+1.865%BingX0.5845+1.865%Orderly0.5848+1.912%Lighter0.5850+1.959%Variational Omni0.5855+2.035%
SoDEX
HTX
Lighter RH
Polymarket Perps
MEXC
BingX
Orderly
Lighter
Variational OmniPONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −1.814% | +0.0033% | 1h | $590 | $3K | 5.5x | as long as short |
| edgeX PONSUSDC | −0.206% | +0.0274% | 4h | $20K | $291K | 10x | as long as short |
| ApeX Omni PONSUSDT | −0.178% | +0.0100% | 1h | $34K | $317K | 5x | as long as short |
| Phoenix PONS | −0.144% | +0.1299% | 1h | $24K | $70K | 3x | as long as short |
| gTrade (Gains Network) PONS/USD | −0.106% | L +0.0032% / S −0.0032% | 1h | $211K | — | 150x | as long as short |
| OKX PONS-USDT-SWAP | −0.086% | +0.0175% | 4h | $13.0M | $55.4M | 20x | as long as short |
| Phemex PONSUSDT | −0.086% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
| Aster PONSUSDT | −0.069% | +0.0100% | 4h | $1.1M | $2.1M | 20x | as long as short |
| Nado PONS-PERP | −0.058% | +0.0100% | 1h | $72K | $94K | 5x | as long as short |
| Extended PONS-USD | −0.054% | +0.0256% | 1h | $87K | $541K | 5x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance PONSUSDT | −0.051% | +0.0258% | 4h | $37.7M | $99.3M | 20x | as long as short |
| Bybit PONSUSDT | −0.051% | +0.0100% | 4h | $17.2M | $31.3M | 20x | as long as short |
| Pacifica PONS | −0.042% | +0.0157% | 1h | $46K | $116K | 3x | as long as short |
| KuCoin PONSUSDTM | −0.041% | +0.0100% | 4h | $1.7M | $3.5M | 20x | as long as short |
| BloFin PONS-USDTshort | −0.034% | +0.0498% | 4h | $1.7M | $969K | 20x | |
| Aevo PONS-PERP | −0.022% | +0.0144% | 1h | $364 | — | 3x | as long as short |
| Gate PONS_USDT | −0.017% | −0.0154% | 4h | $5.2M | $7.3M | 20x | as long as short |
| SunX PONS-USDT | −0.017% | +0.0100% | 4h | — | $1.3M | 10x | as long as short |
| Bitget PONSUSDT | −0.015% | +0.0134% | 4h | $4.6M | $11.6M | 20x | as long as short |
| Hyperliquid PONS | −0.010% | +0.0100% | 1h | $58.1M | $29.8M | 3x | as long as short |
| Popdex PONSUSDTlong | 0.000% | +0.0096% | 1h | $20K | $512K | 20x | |
| SoDEX PONS-USD | 0.000% | +0.0100% | 1h | $27K | $535K | 3x | as long as short |
| HTX PONS-USDT | +0.005% | +0.0100% | 4h | $62K | $500K | 20x | as long as short |
| Lighter RH PONS | +0.012% | +0.0208% | 1h | $418K | $2.4M | 3x | as long as short |
| Polymarket Perps PONS-USD | +0.015% | +0.0424% | 1h | $65K | $1.8M | 3x | as long as short |
| MEXC PONS_USDT | +0.017% | +0.0256% | 4h | $7.0M | $5.4M | 20x | as long as short |
| BingX PONS-USDT | +0.017% | +0.0258% | 4h | — | $3.3M | — | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.063% | +0.0100% | 4h | $2K | $3K | 10x | as long as short |
| Lighter PONS | +0.110% | +0.0992% | 1h | $1.7M | $870K | 3x | as long as short |
| Variational Omni PONS | +0.184% | +0.0100% | 4h | $1.2M | $4.2M | — | as long as short |