ArbiLayer

PONS arbitrage

live

Live Pons price differences between exchanges: perpetual, spot and DEX spreads after fees, with funding and depth.

Best net spread-0.02%Bybit → Variational · Perp–Perp
Best perp–perp spread+0.14%Bybit → Variational
Markets tracked1711 venues · 11 perp · 6 spot · 0 DEX
Price range0.29%$0.414 – $0.4152

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Bybit logoBybitspot$0.4141Variational logoVariational$0.4148 +0.17%-0.03% +0.17%— +0.030%— LS Chart →
Gate logoGatespot$0.4141Variational logoVariational$0.4148 +0.17%-0.03% +0.17%— +0.030%— LS Chart →
Bybit logoBybitspot$0.4141Bitget logoBitget$0.4147 +0.13%-0.07% +0.14%— +0.030%+1.54% LS Chart →
Gate logoGatespot$0.4141Bitget logoBitget$0.4147 +0.13%-0.07% +0.14%— +0.030%+1.54% LS Chart →
Bybit logoBybitspot$0.4141MEXC logoMEXC$0.4146 +0.12%-0.08% +0.13%— +0.030%+1.65% LS Chart →
Gate logoGatespot$0.4141MEXC logoMEXC$0.4146 +0.12%-0.08% +0.13%— +0.030%+1.65% LS Chart →
OKX logoOKXspot$0.4143Variational logoVariational$0.4148 +0.12%-0.08% +0.13%— +0.030%— LS Chart →
KuCoin logoKuCoinspot$0.4143Variational logoVariational$0.4148 +0.12%-0.08% +0.13%— +0.030%— LS Chart →
MEXC logoMEXCspot$0.4143Variational logoVariational$0.4148 +0.12%-0.08% +0.12%— +0.030%— LS Chart →
Bybit logoBybitspot$0.4141Binance logoBinance$0.4145 +0.10%-0.10% +0.10%— +0.030%+3.25% LS Chart →
Gate logoGatespot$0.4141Binance logoBinance$0.4145 +0.10%-0.10% +0.10%— +0.030%+3.25% LS Chart →
OKX logoOKXspot$0.4143Bitget logoBitget$0.4147 +0.08%-0.12% +0.09%— +0.030%+1.54% LS Chart →
KuCoin logoKuCoinspot$0.4143Bitget logoBitget$0.4147 +0.08%-0.12% +0.09%— +0.030%+1.54% LS Chart →
MEXC logoMEXCspot$0.4143Bitget logoBitget$0.4147 +0.08%-0.12% +0.09%— +0.030%+1.54% LS Chart →
OKX logoOKXspot$0.4143MEXC logoMEXC$0.4146 +0.07%-0.13% +0.08%— +0.030%+1.65% LS Chart →
Long = where you buy, Short = where you sell. Net subtracts a two-leg taker fee model; Spread+F adds the next funding payment.Updates every 15 seconds. Not investment advice.

PONS price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
OKX logoOKXPerpetual · PONS-USDT-SWAPPerpetual $0.4141$0.4142$0.4142-0.04% +0.030%$49.00M
Bybit logoBybitPerpetual · PONSUSDTPerpetual $0.4141$0.4142$0.4142-0.04% +0.030%$28.83M
Hyperliquid logoHyperliquidPerpetual · PONSPerpetual $0.4143$0.4149$0.4146+0.07% +0.030%$19.73M
Bitget logoBitgetPerpetual · PONSUSDTPerpetual $0.4147$0.4149$0.4148+0.11% +0.030%$9.47M
OKX logoOKXSpot · PONS-USDTSpot $0.414$0.4143$0.4142-0.04% —$8.40M
Gate logoGateSpot · PONS_USDTSpot $0.4138$0.4141$0.414-0.09% —$7.11M
MEXC logoMEXCPerpetual · PONS_USDTPerpetual $0.4146$0.4147$0.4147+0.08% +0.030%$5.08M
KuCoin logoKuCoinPerpetual · PONSUSDTMPerpetual $0.4142$0.4145$0.41430.00% +0.030%$3.48M
KuCoin logoKuCoinSpot · PONS-USDTSpot $0.414$0.4143$0.4142-0.04% —$3.43M
Variational logoVariationalPerpetual · PONSPerpetual $0.4148$0.4155$0.4152+0.20% +0.030%$3.31M
Bybit logoBybitSpot · PONSUSDTSpot $0.414$0.4141$0.4141-0.07% —$2.65M
Gate logoGatePerpetual · PONS_USDTPerpetual $0.4139$0.4142$0.4141-0.07% +0.329%$1.30M
Bitget logoBitgetSpot · PONSUSDTSpot $0.4142$0.4146$0.4144+0.02% —$1.17M
HTX logoHTXPerpetual · PONS-USDTPerpetual $0.4137$0.4153$0.4145+0.05% +0.015%$301.6K
Binance logoBinancePerpetual · PONSUSDTPerpetual $0.4145$0.4147$0.4146+0.07% +0.030%—
Aster logoAsterPerpetual · PONSUSDTPerpetual $0.4142$0.4146$0.4144+0.02% +0.030%—
MEXC logoMEXCSpot · PONSUSDTSpot $0.4137$0.4143$0.414-0.07% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

PONS arbitrage explained

Right now Pons (PONS) trades on 11 venues we scan: 11 perpetual markets, 6 spot markets and 0 DEX pools. The lowest ask is on Gate spot at $0.4141 and the highest bid on Variational perp at $0.4148.

The widest PONS perpetual spread is between Bybit and Variational: long PONS on Bybit at $0.4142 and short on Variational at $0.4148 for +0.14% gross, or -0.02% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is -0.000% per day, which the position pays while it is open.

For a spot–perpetual (cash-and-carry) trade, the best PONS route is to buy spot on Bybit and short the perpetual on Variational: +0.17% gross, -0.03% net, with +0.030% a day of funding on the short leg.

Spot–spot PONS arbitrage (buy on Bybit, withdraw, deposit and sell on Bitget) shows +0.02% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.

Small PONS gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.

Related: PONS funding rates · PONS spread charts · Pons price · arbitrage scanner for all coins.

Is there a PONS arbitrage opportunity right now?

The best PONS route right now is to buy on Bybit → sell on Variational (Perp–Perp): +0.14% gross and -0.02% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest PONS?

Gate (spot) has the lowest PONS ask at $0.4141, and Variational (perp) the highest bid at $0.4148. Prices update every 15 seconds on this page.

How many exchanges list PONS?

ArbiLayer tracks 17 PONS markets on 11 venues: 11 perpetual, 6 spot and 0 DEX pools.

How do I arbitrage PONS without transferring coins?

Use two perpetual contracts: go long PONS on the cheaper exchange (Bybit now) and short it on the more expensive one (Variational), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

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