After costs, if the gap returns to its 7d average, $10k−$173
spread now−0.196%7d average+0.069%fees + slippage, in and out−$146spread needed1.460%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX PONS-USD | 0.6333 | 0.0100 | pay 0.0013% / 1h | 39m 19s | $28K | $482K | 3x |
| Short | Lighter PONS | 0.6321 | 0.1160 | get 0.0145% / 1h | 39m 19s | $1.8M | $715K | 3x |
SoDEX PONS-USD
Lighter PONSPrice 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
- −$19.58
- Funding while held
- $31.8
- Slippage, 4 orders
- −$138.01
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$133.79
- Spread needed to break even
- 1.460%
Slippage from SoDEX: live order book, 11 min ago; Lighter: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- +0.1060%
- Per $10,000 a day
- +$31.80
- 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 SoDEX live order book, 11 min ago | 1.58 bp | 62.0 bp −$62 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 6.11 bp | 12.5 bp −$12 | 26.6 bp −$266 | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapest
BingX0.6289+9.603%gTrade (Gains Network)0.6290+9.614%KuCoin0.6291+9.643%Bitget0.6292+9.664%Popdex0.6293+9.672%OKX0.6294+9.690%Bybit0.6296+9.725%Gate0.6296+9.725%Polymarket Perps0.6296+9.728%MEXC0.6297+9.742%Variational Omni0.6298+9.766%Hyperliquid0.6299+9.776%Binance0.6300+9.787%Aevo0.6300+9.803%Nado0.6301+9.804%Orderly0.6307+9.908%ApeX Omni0.6307+9.922%Extended0.6312+10.002%edgeX0.6312+10.002%Pacifica0.6317+10.083%BloFin0.6317+10.091%Lighter RH0.6318+10.101%Aster0.6318+10.111%
Injective
BingX
gTrade (Gains Network)
KuCoin
Bitget
Popdex
OKX
Bybit
Gate
Polymarket Perps
MEXC
Variational Omni
Hyperliquid
Binance
Aevo
Nado
Orderly
ApeX Omni
Extended
Pacifica
BloFin
Lighter RH
AsterLighter0.6321+10.153%
Phemex0.6332+10.352%
PhemexSoDEX0.6333+10.369%
SunX0.6340+10.498%Phoenix0.6343+10.544%HTX0.6352+10.701%
SunX
Phoenix
HTXPONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −9.395% | +0.0033% | 1h | $590 | $15K | 5.5x | as long as short |
| BingX PONS-USDT | −0.695% | +0.0730% | 4h | — | $2.9M | — | as long as short |
| gTrade (Gains Network) PONS/USD | −0.684% | L +0.0032% / S −0.0031% | 1h | $227K | — | 150x | as long as short |
| KuCoin PONSUSDTM | −0.658% | +0.0468% | 4h | $1.8M | $3.1M | 20x | as long as short |
| Bitget PONSUSDT | −0.640% | +0.0516% | 4h | $4.9M | $10.8M | 20x | as long as short |
| Popdex PONSUSDT | −0.632% | +0.0096% | 1h | $20K | $470K | 20x | as long as short |
| OKX PONS-USDT-SWAP | −0.616% | +0.0167% | 4h | $14.9M | $55.6M | 20x | as long as short |
| Bybit PONSUSDT | −0.584% | +0.0781% | 4h | $20.4M | $26.9M | 20x | as long as short |
| Gate PONS_USDT | −0.584% | +0.0100% | 4h | $5.7M | $6.9M | 20x | as long as short |
| Polymarket Perps PONS-USD | −0.581% | +0.0545% | 1h | $76K | $1.8M | 3x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| MEXC PONS_USDT | −0.568% | +0.0600% | 4h | $8.2M | $4.9M | 20x | as long as short |
| Variational Omni PONS | −0.546% | +0.0609% | 4h | $1.8M | $3.4M | — | as long as short |
| Hyperliquid PONS | −0.538% | +0.1124% | 1h | $64.3M | $26.1M | 3x | as long as short |
| Binance PONSUSDT | −0.528% | +0.0610% | 4h | $42.3M | $93.5M | 20x | as long as short |
| Aevo PONS-PERP | −0.513% | +0.0232% | 1h | $393 | — | 3x | as long as short |
| Nado PONS-PERP | −0.512% | +0.0663% | 1h | $114K | $67K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | −0.418% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| ApeX Omni PONSUSDT | −0.406% | +0.0100% | 1h | $40K | $317K | 5x | as long as short |
| Extended PONS-USD | −0.333% | +0.0600% | 1h | $95K | $536K | 5x | as long as short |
| edgeX PONSUSDC | −0.333% | +0.0609% | 4h | $21K | $288K | 10x | as long as short |
| Pacifica PONS | −0.259% | +0.0472% | 1h | $48K | $166K | 3x | as long as short |
| BloFin PONS-USDT | −0.253% | +0.0844% | 4h | $1.9M | $923K | 20x | as long as short |
| Lighter RH PONS | −0.243% | +0.0264% | 1h | $427K | $2.2M | 3x | as long as short |
| Aster PONSUSDT | −0.234% | +0.0415% | 4h | $1.1M | $2.2M | 20x | as long as short |
| Lighter PONSshort | −0.196% | +0.1160% | 1h | $1.8M | $715K | 3x | |
| Phemex PONSUSDT | −0.016% | +0.0100% | 4h | $1.8M | $3.3M | 20x | as long as short |
| SoDEX PONS-USDlong | 0.000% | +0.0100% | 1h | $28K | $482K | 3x | |
| SunX PONS-USDT | +0.117% | +0.0100% | 4h | — | $1.3M | 10x | as long as short |
| Phoenix PONS | +0.158% | +0.1489% | 1h | $26K | $51K | 3x | as long as short |
| HTX PONS-USDT | +0.300% | +0.0100% | 4h | $67K | $497K | 20x | as long as short |