Spread before costs (cost unknown: a leg has no order-book sample)−0.185%
7d average—if it closes, per $10,000$19funding while held, a day+$13.02
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo PONS-PERP | 0.6216 | 0.0216 | pay 0.0027% / 1h | 12m 52s | $387 | — | 3x |
| Short | Bybit PONSUSDT | 0.6204 | 0.0650 | get 0.0325% / 4h | 12m 52s | $19.9M | $27.2M | 20x |
Aevo PONS-PERP
Bybit PONSUSDTPrice 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
- −$18.5
- Funding while held
- $13.02
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$32.48
- Spread needed to break even
- 0.270%
Slippage unknown: Aevo: no order-book sample; Bybit: live order book, 2 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0434%
- Per $10,000 a day
- +$13.02
- 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 Bybit live order book, 2 min ago | 0.81 bp | 13.7 bp −$14 | 37.8 bp −$378 | doesn't fit | 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.Injective0.5738cheapest
OKX0.6201+8.069%BingX0.6201+8.069%Variational Omni0.6203+8.103%
Injective
OKX
BingX
Variational OmniBybit0.6204+8.121%
Aster0.6204+8.124%edgeX0.6204+8.125%Bitget0.6205+8.132%Binance0.6205+8.137%Hyperliquid0.6207+8.165%gTrade (Gains Network)0.6207+8.167%Orderly0.6208+8.184%Popdex0.6208+8.191%MEXC0.6209+8.208%KuCoin0.6209+8.214%BloFin0.6210+8.226%Polymarket Perps0.6210+8.231%Phoenix0.6211+8.240%Gate0.6211+8.243%SoDEX0.6211+8.252%Extended0.6212+8.260%Phemex0.6212+8.261%SunX0.6212+8.268%ApeX Omni0.6213+8.283%Lighter RH0.6213+8.285%Nado0.6215+8.313%
Aster
Bitget
Binance
Hyperliquid
gTrade (Gains Network)
Orderly
Popdex
MEXC
KuCoin
BloFin
Polymarket Perps
Phoenix
Gate
SoDEX
Extended
Phemex
SunX
ApeX Omni
Lighter RH
NadoAevo0.6216+8.322%
Pacifica0.6217+8.352%Lighter0.6218+8.364%HTX0.6225+8.494%
Pacifica
Lighter
HTXPONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −7.682% | +0.0033% | 1h | $590 | $15K | 5.5x | as long as short |
| OKX PONS-USDT-SWAP | −0.233% | +0.0143% | 4h | $14.4M | $54.6M | 20x | as long as short |
| BingX PONS-USDT | −0.233% | +0.0628% | 4h | — | $3.1M | — | as long as short |
| Variational Omni PONS | −0.202% | +0.0540% | 4h | $1.7M | $3.5M | — | as long as short |
| Bybit PONSUSDTshort | −0.185% | +0.0650% | 4h | $19.9M | $27.2M | 20x | |
| Aster PONSUSDT | −0.182% | +0.0210% | 4h | $1.1M | $2.2M | 20x | as long as short |
| edgeX PONSUSDC | −0.181% | +0.0568% | 4h | $21K | $290K | 10x | as long as short |
| Bitget PONSUSDT | −0.175% | +0.0404% | 4h | $4.8M | $10.7M | 20x | as long as short |
| Binance PONSUSDT | −0.170% | +0.0542% | 4h | $41.4M | $92.9M | 20x | as long as short |
| Hyperliquid PONS | −0.145% | +0.1057% | 1h | $63.1M | $26.7M | 3x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) PONS/USD | −0.143% | L +0.0032% / S −0.0031% | 1h | $224K | — | 150x | as long as short |
| Orderly PERP_PONS_USDC_mythos | −0.127% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| Popdex PONSUSDT | −0.121% | +0.0096% | 1h | $19K | $462K | 20x | as long as short |
| MEXC PONS_USDT | −0.105% | +0.0540% | 4h | $7.8M | $5.1M | 20x | as long as short |
| KuCoin PONSUSDTM | −0.100% | +0.0338% | 4h | $1.8M | $3.1M | 20x | as long as short |
| BloFin PONS-USDT | −0.088% | +0.0782% | 4h | $1.9M | $912K | 20x | as long as short |
| Polymarket Perps PONS-USD | −0.084% | +0.0547% | 1h | $67K | $1.8M | 3x | as long as short |
| Phoenix PONS | −0.076% | +0.1489% | 1h | $25K | $51K | 3x | as long as short |
| Gate PONS_USDT | −0.072% | −0.0050% | 4h | $5.5M | $7.3M | 20x | as long as short |
| SoDEX PONS-USD | −0.064% | +0.0100% | 1h | $28K | $469K | 3x | as long as short |
| Extended PONS-USD | −0.057% | +0.0544% | 1h | $93K | $533K | 5x | as long as short |
| Phemex PONSUSDT | −0.056% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
| SunX PONS-USDT | −0.050% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| ApeX Omni PONSUSDT | −0.035% | +0.0100% | 1h | $39K | $318K | 5x | as long as short |
| Lighter RH PONS | −0.034% | +0.0376% | 1h | $433K | $2.2M | 3x | as long as short |
| Nado PONS-PERP | −0.008% | +0.0625% | 1h | $113K | $67K | 5x | as long as short |
| Aevo PONS-PERPlong | 0.000% | +0.0216% | 1h | $387 | — | 3x | |
| Pacifica PONS | +0.028% | +0.0472% | 1h | $50K | $166K | 3x | as long as short |
| Lighter PONS | +0.039% | +0.1040% | 1h | $1.8M | $772K | 3x | as long as short |
| HTX PONS-USDT | +0.159% | +0.0100% | 4h | $66K | $496K | 20x | as long as short |