Spread before costs (cost unknown: a leg has no order-book sample)+0.088%
7d average—if it closes, per $10,000$9funding while held, a day+$5.88
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo PONS-PERP | 0.5886 | 0.0160 | pay 0.0020% / 1h | 33m 27s | $367 | — | 3x |
| Short | BingX PONS-USDT | 0.5891 | 0.0356 | get 0.0178% / 4h | 2h 33m | — | $3.2M | — |
Aevo PONS-PERP
BingX PONS-USDTPrice 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
- $8.82
- Funding while held
- $5.88
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$11.3
- Spread needed to break even
- 0.260%
Slippage unknown: Aevo: no order-book sample; BingX: live order book, 8 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0196%
- Per $10,000 a day
- +$5.88
- 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 Aevo no order-book sample | — | — | — | — | — |
| Sell BingX live order book, 8 min ago | 0.84 bp | 11.4 bp −$11 | 32.6 bp −$326 | 160.1 bp −$16.0K | doesn't fit |
Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapestAster0.5881+2.488%SoDEX0.5882+2.506%Phemex0.5884+2.544%Gate0.5885+2.562%Hyperliquid0.5886+2.571%Lighter RH0.5886+2.572%
Injective
Aster
SoDEX
Phemex
Gate
Hyperliquid
Lighter RHAevo0.5886+2.576%
KuCoin0.5887+2.595%MEXC0.5887+2.597%Extended0.5887+2.598%Pacifica0.5888+2.610%gTrade (Gains Network)0.5888+2.613%Orderly0.5889+2.637%Lighter0.5890+2.656%SunX0.5891+2.663%Variational Omni0.5891+2.665%
KuCoin
MEXC
Extended
Pacifica
gTrade (Gains Network)
Orderly
Lighter
SunX
Variational OmniBingX0.5891+2.666%
Binance0.5894+2.724%Nado0.5897+2.771%Bybit0.5897+2.771%Bitget0.5898+2.787%OKX0.5898+2.788%Popdex0.5898+2.788%Polymarket Perps0.5898+2.788%edgeX0.5900+2.815%HTX0.5908+2.961%BloFin0.5912+3.032%ApeX Omni0.5917+3.128%Phoenix0.5924+3.233%
Binance
Nado
Bybit
Bitget
OKX
Popdex
Polymarket Perps
HTX
BloFin
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 | −2.511% | +0.0033% | 1h | $590 | $7K | 5.5x | as long as short |
| Aster PONSUSDT | −0.086% | +0.0100% | 4h | $1.1M | $2.1M | 20x | as long as short |
| SoDEX PONS-USD | −0.068% | +0.0100% | 1h | $26K | $509K | 3x | as long as short |
| Phemex PONSUSDT | −0.031% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
| Gate PONS_USDT | −0.014% | +0.0100% | 4h | $5.2M | $7.7M | 20x | as long as short |
| Hyperliquid PONS | −0.005% | +0.0201% | 1h | $58.8M | $29.1M | 3x | as long as short |
| Lighter RH PONS | −0.004% | +0.0096% | 1h | $407K | $2.3M | 3x | as long as short |
| Aevo PONS-PERPlong | 0.000% | +0.0160% | 1h | $367 | — | 3x | |
| KuCoin PONSUSDTM | +0.019% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
| MEXC PONS_USDT | +0.020% | +0.0332% | 4h | $7.2M | $5.2M | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended PONS-USD | +0.022% | +0.0336% | 1h | $88K | $539K | 5x | as long as short |
| Pacifica PONS | +0.034% | +0.0285% | 1h | $49K | $119K | 3x | as long as short |
| gTrade (Gains Network) PONS/USD | +0.036% | L +0.0032% / S −0.0032% | 1h | $213K | — | 150x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.059% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| Lighter PONS | +0.078% | +0.0488% | 1h | $1.7M | $854K | 3x | as long as short |
| SunX PONS-USDT | +0.085% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| Variational Omni PONS | +0.087% | +0.0126% | 4h | $1.2M | $3.9M | — | as long as short |
| BingX PONS-USDTshort | +0.088% | +0.0356% | 4h | — | $3.2M | — | |
| Binance PONSUSDT | +0.144% | +0.0326% | 4h | $38.4M | $97.8M | 20x | as long as short |
| Nado PONS-PERP | +0.190% | +0.0153% | 1h | $73K | $94K | 5x | as long as short |
| Bybit PONSUSDT | +0.190% | +0.0100% | 4h | $17.6M | $30.1M | 20x | as long as short |
| Bitget PONSUSDT | +0.205% | +0.0166% | 4h | $4.5M | $11.3M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.207% | +0.0136% | 4h | $13.3M | $55.6M | 20x | as long as short |
| Popdex PONSUSDT | +0.207% | +0.0096% | 1h | $18K | $493K | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.207% | +0.0331% | 1h | $47K | $1.8M | 3x | as long as short |
| edgeX PONSUSDC | +0.233% | +0.0350% | 4h | $21K | $292K | 10x | as long as short |
| HTX PONS-USDT | +0.375% | +0.0100% | 4h | $63K | $496K | 20x | as long as short |
| BloFin PONS-USDT | +0.445% | +0.0571% | 4h | $1.7M | $969K | 20x | as long as short |
| ApeX Omni PONSUSDT | +0.538% | +0.0100% | 1h | $30K | $321K | 5x | as long as short |
| Phoenix PONS | +0.640% | +0.1523% | 1h | $24K | $61K | 3x | as long as short |