PONS

Alert

After costs, if the gap returns to its 7d average, $10k−$282

spread now−0.060%7d average+0.020%fees + slippage, in and out−$274spread needed2.738%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX PONS-USDT	0.6364	0.0100	pay 0.0050% / 4h	56m 08s	—	$1.3M	10x
Short	Lighter PONS	0.6360	0.1664	get 0.0208% / 1h	56m 08s	$1.8M	$710K	3x

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 LighterbpOrdersClose when spread is

Slippage from SunX: live order book, 5 min ago; Lighter: 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, 5 min ago	105.93 bp	126.1 bp −$126	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 2 min ago	8.20 bp	9.3 bp −$9	47.0 bp −$470	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	−9.834%	+0.0033%	1h	$590	$15K	5.5x	as long as short
ApeX Omni PONSUSDT	−0.453%	+0.0100%	1h	$40K	$316K	5x	as long as short
BloFin PONS-USDT	−0.453%	+0.0870%	4h	$1.9M	$917K	20x	as long as short
Phoenix PONS	−0.346%	+0.1767%	1h	$26K	$45K	3x	as long as short
edgeX PONSUSDC	−0.256%	+0.0645%	4h	$22K	$287K	10x	as long as short
gTrade (Gains Network) PONS/USD	−0.253%	L +0.0032% / S −0.0031%	1h	$229K	—	150x	as long as short
Pacifica PONS	−0.218%	+0.0472%	1h	$49K	$166K	3x	as long as short
BingX PONS-USDT	−0.154%	+0.0710%	4h	—	$2.9M	—	as long as short
Aevo PONS-PERP	−0.145%	+0.0240%	1h	$396	—	3x	as long as short
Popdex PONSUSDT	−0.138%	+0.0096%	1h	$20K	$471K	20x	as long as short

Show all 30 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Aster PONSUSDT	−0.134%	+0.0422%	4h	$1.1M	$2.2M	20x	as long as short
Orderly PERP_PONS_USDC_mythos	−0.068%	+0.0100%	4h	$2K	$2K	10x	as long as short
Extended PONS-USD	−0.061%	+0.0624%	1h	$161K	$472K	5x	as long as short
Lighter PONSshort	−0.060%	+0.1664%	1h	$1.8M	$710K	3x
Lighter RH PONS	−0.060%	+0.0160%	1h	$445K	$2.1M	3x	as long as short
Polymarket Perps PONS-USD	−0.050%	+0.0740%	1h	$78K	$1.8M	3x	as long as short
Nado PONS-PERP	−0.044%	+0.0602%	1h	$117K	$71K	5x	as long as short
OKX PONS-USDT-SWAP	−0.013%	+0.0172%	4h	$15.1M	$56.6M	20x	as long as short
Gate PONS_USDT	−0.013%	+0.0314%	4h	$5.7M	$6.8M	20x	as long as short
HTX PONS-USDT	−0.013%	+0.0100%	4h	$66K	$493K	20x	as long as short
SunX PONS-USDTlong	0.000%	+0.0100%	4h	—	$1.3M	10x
Phemex PONSUSDT	+0.003%	+0.0100%	4h	$1.8M	$3.4M	20x	as long as short
KuCoin PONSUSDTM	+0.009%	+0.0558%	4h	$1.9M	$2.8M	20x	as long as short
MEXC PONS_USDT	+0.019%	+0.0628%	4h	$8.2M	$4.9M	20x	as long as short
Binance PONSUSDT	+0.023%	+0.0624%	4h	$42.7M	$93.5M	20x	as long as short
Bybit PONSUSDT	+0.035%	+0.0760%	4h	$20.7M	$26.9M	20x	as long as short
Bitget PONSUSDT	+0.035%	+0.0582%	4h	$5.0M	$10.7M	20x	as long as short
SoDEX PONS-USD	+0.042%	+0.0100%	1h	$29K	$475K	3x	as long as short
Hyperliquid PONS	+0.075%	+0.1200%	1h	$64.9M	$26.1M	3x	as long as short
Variational Omni PONS	+0.176%	+0.0574%	4h	$1.9M	$3.3M	—	as long as short