PONS

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After costs, if the gap returns to its 7d average, $10k−$152

spread now+0.326%7d average+0.047%fees + slippage, in and out−$180spread needed1.803%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX PONS-USD	0.5957	0.0100	pay 0.0013% / 1h	18m 32s	$27K	$501K	3x
Short	Bitget PONSUSDT	0.5976	0.0230	get 0.0115% / 4h	3h 18m	$4.6M	$11.0M	20x

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 SoDEXbpFee BitgetbpOrdersClose when spread is

Slippage from SoDEX: live order book, 26 min ago; Bitget: live order book, 1 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SoDEX live order book, 26 min ago	2.43 bp	59.2 bp −$59	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	2.26 bp	24.4 bp −$24	doesn't fit	doesn't fit	doesn't fit

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Injective PONS/USDC PERP	−3.668%	+0.0033%	1h	$590	$11K	5.5x	as long as short
SoDEX PONS-USDlong	0.000%	+0.0100%	1h	$27K	$501K	3x
Aevo PONS-PERP	+0.126%	+0.0192%	1h	$372	—	3x	as long as short
BloFin PONS-USDT	+0.143%	+0.0669%	4h	$1.8M	$963K	20x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.191%	+0.0100%	4h	$2K	$2K	10x	as long as short
Aster PONSUSDT	+0.195%	+0.0100%	4h	$1.1M	$2.1M	20x	as long as short
gTrade (Gains Network) PONS/USD	+0.218%	L +0.0032% / S −0.0031%	1h	$216K	—	150x	as long as short
SunX PONS-USDT	+0.228%	+0.0100%	4h	—	$1.4M	10x	as long as short
Gate PONS_USDT	+0.243%	−0.0768%	4h	$5.4M	$7.6M	20x	as long as short
Nado PONS-PERP	+0.245%	+0.0303%	1h	$108K	$68K	5x	as long as short

Show all 30 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
KuCoin PONSUSDTM	+0.307%	+0.0196%	4h	$1.7M	$3.2M	20x	as long as short
OKX PONS-USDT-SWAP	+0.311%	+0.0138%	4h	$13.4M	$54.2M	20x	as long as short
BingX PONS-USDT	+0.311%	+0.0434%	4h	—	$3.2M	—	as long as short
Binance PONSUSDT	+0.311%	+0.0393%	4h	$39.3M	$96.1M	20x	as long as short
Hyperliquid PONS	+0.312%	+0.0452%	1h	$59.8M	$28.0M	3x	as long as short
Lighter RH PONS	+0.317%	+0.0744%	1h	$415K	$2.3M	3x	as long as short
Bitget PONSUSDTshort	+0.326%	+0.0230%	4h	$4.6M	$11.0M	20x
Bybit PONSUSDT	+0.327%	+0.0161%	4h	$18.3M	$29.0M	20x	as long as short
Pacifica PONS	+0.332%	+0.0616%	1h	$49K	$123K	3x	as long as short
Polymarket Perps PONS-USD	+0.336%	+0.0510%	1h	$52K	$1.8M	3x	as long as short
Phemex PONSUSDT	+0.344%	+0.0569%	4h	$1.7M	$3.3M	20x	as long as short
Extended PONS-USD	+0.368%	+0.0432%	1h	$89K	$546K	5x	as long as short
Popdex PONSUSDT	+0.378%	+0.0096%	1h	$18K	$492K	20x	as long as short
MEXC PONS_USDT	+0.378%	+0.0428%	4h	$7.2M	$5.2M	20x	as long as short
HTX PONS-USDT	+0.381%	+0.0100%	4h	$63K	$495K	20x	as long as short
Lighter PONS	+0.406%	+0.1288%	1h	$1.7M	$788K	3x	as long as short
Phoenix PONS	+0.557%	+0.1528%	1h	$24K	$61K	3x	as long as short
ApeX Omni PONSUSDT	+1.833%	+0.0100%	1h	$38K	$317K	5x	as long as short
edgeX PONSUSDC	+2.217%	+0.0465%	4h	$21K	$292K	10x	as long as short
Variational Omni PONS	+2.236%	+0.0403%	4h	$1.3M	$3.7M	—	as long as short