After costs, if the gap returns to its 7d average, $10k−$350
spread now−0.040%7d average−0.010%fees + slippage, in and out−$347spread needed3.470%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX PONS-USDT | 0.5965 | 0.0100 | pay 0.0050% / 4h | 3h 15m | — | $1.4M | 10x |
| Short | Lighter RH PONS | 0.5963 | 0.0696 | get 0.0087% / 1h | 15m 19s | $418K | $2.3M | 3x |
SunX PONS-USDT
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
- −$4.02
- Funding while held
- $17.88
- Slippage, 4 orders
- −$336.99
- Fee SunX: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$333.13
- Spread needed to break even
- 3.470%
Slippage from SunX: live order book, 5 min ago; Lighter RH: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0596%
- Per $10,000 a day
- +$17.88
- 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 SunX live order book, 5 min ago | 142.98 bp | 162.6 bp −$163 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 4 min ago | 5.87 bp | 13.3 bp −$13 | 38.6 bp −$386 | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapestAster0.5950+3.691%Variational Omni0.5952+3.727%Pacifica0.5954+3.765%Aevo0.5957+3.824%OKX0.5958+3.834%Gate0.5959+3.852%Phemex0.5959+3.852%Binance0.5961+3.886%Bybit0.5962+3.904%
Injective
Aster
Variational Omni
Pacifica
Aevo
OKX
Gate
Phemex
Binance
BybitLighter RH0.5963+3.919%
SunX0.5965+3.961%
Nado0.5966+3.974%SoDEX0.5966+3.974%BloFin0.5966+3.974%gTrade (Gains Network)0.5968+4.008%Lighter0.5969+4.024%HTX0.5970+4.045%Polymarket Perps0.5971+4.054%Popdex0.5971+4.061%Bitget0.5971+4.062%edgeX0.5971+4.068%Hyperliquid0.5972+4.075%MEXC0.5972+4.078%BingX0.5972+4.078%KuCoin0.5972+4.080%Orderly0.5972+4.085%Extended0.5973+4.094%ApeX Omni0.5976+4.144%Phoenix0.5990+4.387%
Nado
SoDEX
BloFin
gTrade (Gains Network)
Lighter
HTX
Polymarket Perps
Popdex
Bitget
Hyperliquid
MEXC
BingX
KuCoin
Orderly
Extended
ApeX Omni
PhoenixPONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −3.810% | +0.0033% | 1h | $590 | $11K | 5.5x | as long as short |
| Aster PONSUSDT | −0.260% | +0.0100% | 4h | $1.1M | $2.1M | 20x | as long as short |
| Variational Omni PONS | −0.226% | +0.0368% | 4h | $1.2M | $3.9M | — | as long as short |
| Pacifica PONS | −0.189% | +0.0616% | 1h | $49K | $123K | 3x | as long as short |
| Aevo PONS-PERP | −0.132% | +0.0192% | 1h | $371 | — | 3x | as long as short |
| OKX PONS-USDT-SWAP | −0.122% | +0.0153% | 4h | $13.3M | $54.4M | 20x | as long as short |
| Gate PONS_USDT | −0.106% | −0.0518% | 4h | $5.4M | $7.7M | 20x | as long as short |
| Phemex PONSUSDT | −0.106% | +0.0597% | 4h | $1.7M | $3.3M | 20x | as long as short |
| Binance PONSUSDT | −0.072% | +0.0381% | 4h | $38.9M | $96.5M | 20x | as long as short |
| Bybit PONSUSDT | −0.055% | +0.0235% | 4h | $18.2M | $29.1M | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Lighter RH PONSshort | −0.040% | +0.0696% | 1h | $418K | $2.3M | 3x | |
| SunX PONS-USDTlong | 0.000% | +0.0100% | 4h | — | $1.4M | 10x | |
| Nado PONS-PERP | +0.012% | +0.0321% | 1h | $114K | $71K | 5x | as long as short |
| SoDEX PONS-USD | +0.012% | +0.0100% | 1h | $26K | $504K | 3x | as long as short |
| BloFin PONS-USDT | +0.012% | +0.0621% | 4h | $1.8M | $956K | 20x | as long as short |
| gTrade (Gains Network) PONS/USD | +0.045% | L +0.0032% / S −0.0031% | 1h | $215K | — | 150x | as long as short |
| Lighter PONS | +0.060% | +0.1232% | 1h | $1.7M | $825K | 3x | as long as short |
| HTX PONS-USDT | +0.080% | +0.0100% | 4h | $63K | $497K | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.089% | +0.0514% | 1h | $55K | $1.8M | 3x | as long as short |
| Popdex PONSUSDT | +0.096% | +0.0096% | 1h | $19K | $493K | 20x | as long as short |
| Bitget PONSUSDT | +0.097% | +0.0232% | 4h | $4.6M | $11.1M | 20x | as long as short |
| edgeX PONSUSDC | +0.103% | +0.0434% | 4h | $21K | $293K | 10x | as long as short |
| Hyperliquid PONS | +0.109% | +0.0435% | 1h | $59.8M | $28.2M | 3x | as long as short |
| MEXC PONS_USDT | +0.112% | +0.0388% | 4h | $7.3M | $5.2M | 20x | as long as short |
| BingX PONS-USDT | +0.112% | +0.0434% | 4h | — | $3.2M | — | as long as short |
| KuCoin PONSUSDTM | +0.114% | +0.0210% | 4h | $1.7M | $3.2M | 20x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.119% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| Extended PONS-USD | +0.127% | +0.0384% | 1h | $89K | $545K | 5x | as long as short |
| ApeX Omni PONSUSDT | +0.176% | +0.0100% | 1h | $29K | $321K | 5x | as long as short |
| Phoenix PONS | +0.409% | +0.1528% | 1h | $24K | $61K | 3x | as long as short |