After costs, if the gap returns to its 7d average, $10k−$156
spread now−0.032%7d average+0.030%fees + slippage, in and out−$149spread needed1.494%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX PONS-USD | 0.5856 | 0.0100 | pay 0.0013% / 1h | 0m 32s | $27K | $536K | 3x |
| Short | Lighter RH PONS | 0.5854 | 0.0096 | get 0.0012% / 1h | 0m 32s | $418K | $2.4M | 3x |
SoDEX PONS-USD
Lighter RH 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
- −$3.24
- Funding while held
- −$0.12
- Slippage, 4 orders
- −$141.43
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$152.8
- Spread needed to break even
- 1.494%
Slippage from SoDEX: live order book, 35 min ago; Lighter RH: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0004%
- Per $10,000 a day
- −$0.12
- 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, 35 min ago | 1.72 bp | 66.3 bp −$66 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 4 min ago | 5.45 bp | 6.6 bp −$7 | 37.0 bp −$370 | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Bitget0.5846cheapestBybit0.5849+0.051%OKX0.5850+0.068%Popdex0.5851+0.086%MEXC0.5851+0.086%Hyperliquid0.5852+0.096%Polymarket Perps0.5852+0.099%BingX0.5852+0.103%Pacifica0.5852+0.103%Binance0.5853+0.124%KuCoin0.5854+0.128%
Bitget
Bybit
OKX
Popdex
MEXC
Hyperliquid
Polymarket Perps
BingX
Pacifica
Binance
KuCoinLighter RH0.5854+0.137%
Extended0.5854+0.138%Aster0.5854+0.142%
Extended
AsterSoDEX0.5856+0.169%
Phemex0.5856+0.171%Lighter0.5857+0.185%Gate0.5859+0.222%Nado0.5860+0.233%Injective0.5863+0.289%gTrade (Gains Network)0.5864+0.312%Aevo0.5865+0.327%Orderly0.5866+0.340%BloFin0.5869+0.393%HTX0.5869+0.400%Variational Omni0.5870+0.404%Phoenix0.5873+0.462%SunX0.5874+0.470%edgeX0.5874+0.475%ApeX Omni0.5881+0.599%
Phemex
Lighter
Gate
Nado
Injective
gTrade (Gains Network)
Aevo
Orderly
BloFin
HTX
Variational Omni
Phoenix
SunX
ApeX OmniPONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget PONSUSDT | −0.169% | +0.0150% | 4h | $4.6M | $11.5M | 20x | as long as short |
| Bybit PONSUSDT | −0.118% | +0.0100% | 4h | $17.3M | $31.2M | 20x | as long as short |
| OKX PONS-USDT-SWAP | −0.101% | +0.0178% | 4h | $13.0M | $55.5M | 20x | as long as short |
| Popdex PONSUSDT | −0.084% | +0.0096% | 1h | $20K | $498K | 20x | as long as short |
| MEXC PONS_USDT | −0.084% | +0.0246% | 4h | $7.1M | $5.4M | 20x | as long as short |
| Hyperliquid PONS | −0.073% | +0.0100% | 1h | $58.2M | $29.9M | 3x | as long as short |
| Polymarket Perps PONS-USD | −0.070% | +0.0438% | 1h | $53K | $1.8M | 3x | as long as short |
| BingX PONS-USDT | −0.067% | +0.0252% | 4h | — | $3.2M | — | as long as short |
| Pacifica PONS | −0.066% | +0.0157% | 1h | $46K | $116K | 3x | as long as short |
| Binance PONSUSDT | −0.046% | +0.0247% | 4h | $37.8M | $99.1M | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin PONSUSDTM | −0.041% | +0.0100% | 4h | $1.7M | $3.5M | 20x | as long as short |
| Lighter RH PONSshort | −0.032% | +0.0096% | 1h | $418K | $2.4M | 3x | |
| Extended PONS-USD | −0.032% | +0.0248% | 1h | $87K | $535K | 5x | as long as short |
| Aster PONSUSDT | −0.027% | +0.0120% | 4h | $1.1M | $2.1M | 20x | as long as short |
| SoDEX PONS-USDlong | 0.000% | +0.0100% | 1h | $27K | $536K | 3x | |
| Phemex PONSUSDT | +0.002% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
| Lighter PONS | +0.015% | +0.0904% | 1h | $1.7M | $874K | 3x | as long as short |
| Gate PONS_USDT | +0.053% | −0.0012% | 4h | $5.2M | $7.3M | 20x | as long as short |
| Nado PONS-PERP | +0.063% | +0.0100% | 1h | $72K | $95K | 5x | as long as short |
| Injective PONS/USDC PERP | +0.120% | +0.0033% | 1h | $603 | $6K | 5.5x | as long as short |
| gTrade (Gains Network) PONS/USD | +0.142% | L +0.0032% / S −0.0032% | 1h | $212K | — | 150x | as long as short |
| Aevo PONS-PERP | +0.157% | +0.0144% | 1h | $365 | — | 3x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.171% | +0.0100% | 4h | $2K | $3K | 10x | as long as short |
| BloFin PONS-USDT | +0.224% | +0.0488% | 4h | $1.7M | $968K | 20x | as long as short |
| HTX PONS-USDT | +0.231% | +0.0100% | 4h | $63K | $503K | 20x | as long as short |
| Variational Omni PONS | +0.235% | +0.0100% | 4h | $1.2M | $4.1M | — | as long as short |
| Phoenix PONS | +0.292% | +0.1299% | 1h | $27K | $70K | 3x | as long as short |
| SunX PONS-USDT | +0.301% | +0.0100% | 4h | — | $1.3M | 10x | as long as short |
| edgeX PONSUSDC | +0.305% | +0.0254% | 4h | $20K | $293K | 10x | as long as short |
| ApeX Omni PONSUSDT | +0.429% | +0.0100% | 1h | $34K | $315K | 5x | as long as short |