After costs, if the gap returns to its 7d average, $10k−$4,775
spread now−0.178%7d average−0.163%fees + slippage, in and out−$4,773spread needed47.734%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Popdex PONSUSDT | 0.6379 | 0.0096 | pay 0.0012% / 1h | 40m 55s | $20K | $470K | 20x |
| Short | gTrade (Gains Network) PONS/USD | 0.6368 | L +0.0032% / S −0.0032% | get 0.0004% / 1h | 40m 55s | $228K | — | 150x |
Popdex PONSUSDT
gTrade (Gains Network) 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
- −$17.81
- Funding while held
- −$1.92
- Slippage, 4 orders
- −$4,755.04
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee gTrade (Gains Network): 6 bp × 2 orders
- −$12
- Net
- −$4,793.17
- Spread needed to break even
- 47.734%
Slippage from Popdex: live order book, 14 min ago; gTrade (Gains Network): virtual book (oracle venue), 15 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0064%
- Per $10,000 a day
- −$1.92
- 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, 14 min ago | 5.67 bp | 86.0 bp −$86 | doesn't fit | doesn't fit | doesn't fit |
| Sell gTrade (Gains Network) virtual book (oracle venue), 15 min ago | 130.01 bp | 2471.4 bp −$2,471 | doesn't fit | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapest
Variational Omni0.6347+10.610%ApeX Omni0.6366+10.939%
Injective
Variational Omni
ApeX OmnigTrade (Gains Network)0.6368+10.973%
edgeX0.6370+11.012%BingX0.6371+11.032%Gate0.6373+11.067%Aster0.6374+11.089%Phoenix0.6374+11.093%Phemex0.6375+11.101%Pacifica0.6375+11.105%Nado0.6377+11.136%OKX0.6378+11.154%Polymarket Perps0.6379+11.166%Bybit0.6379+11.171%
BingX
Gate
Aster
Phoenix
Phemex
Pacifica
Nado
OKX
Polymarket Perps
BybitPopdex0.6379+11.171%
HTX0.6381+11.211%Lighter RH0.6381+11.213%Extended0.6382+11.216%SoDEX0.6383+11.234%Bitget0.6383+11.237%Binance0.6383+11.241%Aevo0.6383+11.245%Lighter0.6383+11.248%SunX0.6384+11.257%KuCoin0.6384+11.258%Hyperliquid0.6384+11.267%MEXC0.6385+11.276%Orderly0.6385+11.281%BloFin0.6387+11.311%
HTX
Lighter RH
Extended
SoDEX
Bitget
Binance
Aevo
Lighter
SunX
KuCoin
Hyperliquid
MEXC
Orderly
BloFinPONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −10.049% | +0.0033% | 1h | $590 | $15K | 5.5x | as long as short |
| Variational Omni PONS | −0.504% | +0.0527% | 4h | $1.8M | $3.3M | — | as long as short |
| ApeX Omni PONSUSDT | −0.208% | +0.0100% | 1h | $40K | $319K | 5x | as long as short |
| gTrade (Gains Network) PONS/USDshort | −0.178% | L +0.0032% / S −0.0032% | 1h | $228K | — | 150x | |
| edgeX PONSUSDC | −0.143% | +0.0693% | 4h | $22K | $289K | 10x | as long as short |
| BingX PONS-USDT | −0.125% | +0.0702% | 4h | — | $2.9M | — | as long as short |
| Gate PONS_USDT | −0.094% | +0.1014% | 4h | $5.7M | $7.1M | 20x | as long as short |
| Aster PONSUSDT | −0.074% | +0.0415% | 4h | $1.1M | $2.2M | 20x | as long as short |
| Phoenix PONS | −0.071% | +0.1767% | 1h | $26K | $45K | 3x | as long as short |
| Phemex PONSUSDT | −0.063% | +0.0100% | 4h | $1.8M | $3.4M | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Pacifica PONS | −0.060% | +0.0858% | 1h | $49K | $176K | 3x | as long as short |
| Nado PONS-PERP | −0.031% | +0.0488% | 1h | $117K | $67K | 5x | as long as short |
| OKX PONS-USDT-SWAP | −0.016% | +0.0218% | 4h | $15.2M | $56.6M | 20x | as long as short |
| Polymarket Perps PONS-USD | −0.005% | +0.0471% | 1h | $64K | $1.7M | 3x | as long as short |
| Bybit PONSUSDT | 0.000% | +0.0632% | 4h | $20.4M | $26.1M | 20x | as long as short |
| Popdex PONSUSDTlong | 0.000% | +0.0096% | 1h | $20K | $470K | 20x | |
| HTX PONS-USDT | +0.036% | +0.0100% | 4h | $67K | $493K | 20x | as long as short |
| Lighter RH PONS | +0.038% | +0.0376% | 1h | $455K | $2.2M | 3x | as long as short |
| Extended PONS-USD | +0.040% | +0.0680% | 1h | $161K | $464K | 5x | as long as short |
| SoDEX PONS-USD | +0.056% | +0.0100% | 1h | $29K | $463K | 3x | as long as short |
| Bitget PONSUSDT | +0.060% | +0.0726% | 4h | $5.1M | $10.4M | 20x | as long as short |
| Binance PONSUSDT | +0.063% | +0.0684% | 4h | $43.0M | $92.5M | 20x | as long as short |
| Aevo PONS-PERP | +0.066% | +0.0256% | 1h | $398 | — | 3x | as long as short |
| Lighter PONS | +0.069% | +0.0968% | 1h | $1.8M | $729K | 3x | as long as short |
| SunX PONS-USDT | +0.077% | +0.0100% | 4h | — | $1.2M | 10x | as long as short |
| KuCoin PONSUSDTM | +0.078% | +0.0568% | 4h | $2.3M | $2.1M | 20x | as long as short |
| Hyperliquid PONS | +0.086% | +0.1007% | 1h | $64.8M | $25.4M | 3x | as long as short |
| MEXC PONS_USDT | +0.094% | +0.0686% | 4h | $8.2M | $4.8M | 20x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.099% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| BloFin PONS-USDT | +0.125% | +0.0924% | 4h | $1.9M | $911K | 20x | as long as short |