PONS

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After costs, if the gap returns to its 7d average, $10k−$306

spread now−0.178%7d average−0.001%fees + slippage, in and out−$288spread needed2.881%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX PONS-USDT	0.6223	0.0100	pay 0.0050% / 4h	17m 45s	—	$1.4M	10x
Short	Bitget PONSUSDT	0.6212	0.0412	get 0.0206% / 4h	17m 45s	$4.8M	$10.8M	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 SunXbpFee BitgetbpOrdersClose when spread is

Slippage from SunX: live order book, 3 min ago; Bitget: live order book, 2 min ago.

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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SunX live order book, 3 min ago	104.59 bp	124.3 bp −$124	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	2.41 bp	15.3 bp −$15	doesn't fit	doesn't fit	doesn't fit

against the cheapest. Click to use as the short leg.

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Injective PONS/USDC PERP	−7.791%	+0.0033%	1h	$590	$15K	5.5x	as long as short
BingX PONS-USDT	−0.415%	+0.0628%	4h	—	$3.1M	—	as long as short
OKX PONS-USDT-SWAP	−0.302%	+0.0142%	4h	$14.4M	$54.8M	20x	as long as short
Bybit PONSUSDT	−0.286%	+0.0663%	4h	$19.8M	$27.1M	20x	as long as short
Variational Omni PONS	−0.190%	+0.0558%	4h	$1.7M	$3.5M	—	as long as short
Phoenix PONS	−0.185%	+0.1489%	1h	$25K	$51K	3x	as long as short
Bitget PONSUSDTshort	−0.178%	+0.0412%	4h	$4.8M	$10.8M	20x
Pacifica PONS	−0.177%	+0.0472%	1h	$50K	$166K	3x	as long as short
KuCoin PONSUSDTM	−0.166%	+0.0342%	4h	$1.8M	$3.2M	20x	as long as short
Extended PONS-USD	−0.165%	+0.0560%	1h	$93K	$533K	5x	as long as short

Show all 30 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC PONS_USDT	−0.141%	+0.0558%	4h	$7.9M	$5.1M	20x	as long as short
edgeX PONSUSDC	−0.100%	+0.0560%	4h	$21K	$289K	10x	as long as short
Binance PONSUSDT	−0.099%	+0.0559%	4h	$41.4M	$93.2M	20x	as long as short
Lighter PONS	−0.093%	+0.1024%	1h	$1.8M	$772K	3x	as long as short
Hyperliquid PONS	−0.063%	+0.1066%	1h	$63.2M	$26.6M	3x	as long as short
Lighter RH PONS	−0.061%	+0.0400%	1h	$433K	$2.2M	3x	as long as short
ApeX Omni PONSUSDT	−0.051%	+0.0100%	1h	$39K	$318K	5x	as long as short
gTrade (Gains Network) PONS/USD	−0.050%	L +0.0032% / S −0.0031%	1h	$224K	—	150x	as long as short
Phemex PONSUSDT	−0.013%	+0.0100%	4h	$1.7M	$3.3M	20x	as long as short
SunX PONS-USDTlong	0.000%	+0.0100%	4h	—	$1.4M	10x
Aster PONSUSDT	+0.018%	+0.0238%	4h	$1.1M	$2.2M	20x	as long as short
Gate PONS_USDT	+0.035%	+0.0074%	4h	$5.5M	$7.3M	20x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.072%	+0.0100%	4h	$2K	$2K	10x	as long as short
HTX PONS-USDT	+0.074%	+0.0100%	4h	$66K	$496K	20x	as long as short
Nado PONS-PERP	+0.080%	+0.0652%	1h	$113K	$67K	5x	as long as short
SoDEX PONS-USD	+0.085%	+0.0100%	1h	$28K	$472K	3x	as long as short
Aevo PONS-PERP	+0.108%	+0.0216%	1h	$388	—	3x	as long as short
Polymarket Perps PONS-USD	+0.130%	+0.0536%	1h	$67K	$1.8M	3x	as long as short
Popdex PONSUSDT	+0.132%	+0.0096%	1h	$19K	$463K	20x	as long as short
BloFin PONS-USDT	+0.212%	+0.0790%	4h	$1.9M	$913K	20x	as long as short