Spread before costs (cost unknown: a leg has no order-book sample)+1.227%
7d average—if it closes, per $10,000$123funding while held, a day+$39.84
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo PONS-PERP | 0.6090 | 0.0200 | pay 0.0025% / 1h | 23m 54s | $379 | — | 3x |
| Short | Phoenix PONS | 0.6165 | 0.1528 | get 0.0191% / 1h | 23m 54s | $25K | $61K | 3x |
Aevo PONS-PERP
Phoenix 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
- $122.75
- Funding while held
- $39.84
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $139.59
- Spread needed to break even
- 0.230%
Slippage unknown: Aevo: no order-book sample; Phoenix: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.1328%
- Per $10,000 a day
- +$39.84
- 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 Phoenix no order-book sample | — | — | — | — | — |
Aevo and Phoenix: 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
OKX0.6081+5.978%Bybit0.6086+6.065%gTrade (Gains Network)0.6086+6.069%SoDEX0.6087+6.084%Aster0.6089+6.115%Polymarket Perps0.6089+6.122%Binance0.6090+6.135%BingX0.6090+6.135%
Injective
OKX
Bybit
gTrade (Gains Network)
SoDEX
Aster
Polymarket Perps
Binance
BingXAevo0.6090+6.142%
Popdex0.6091+6.152%Nado0.6094+6.196%Pacifica0.6094+6.200%Lighter RH0.6094+6.209%Hyperliquid0.6094+6.211%KuCoin0.6095+6.218%Phemex0.6096+6.239%Orderly0.6098+6.277%SunX0.6098+6.281%MEXC0.6099+6.291%Lighter0.6099+6.293%Gate0.6101+6.326%Bitget0.6101+6.333%Extended0.6102+6.337%HTX0.6111+6.497%BloFin0.6115+6.570%Variational Omni0.6121+6.668%edgeX0.6144+7.069%ApeX Omni0.6150+7.182%
Popdex
Nado
Pacifica
Lighter RH
Hyperliquid
KuCoin
Phemex
Orderly
SunX
MEXC
Lighter
Gate
Bitget
Extended
HTX
BloFin
Variational Omni
ApeX OmniPhoenix0.6165+7.445%
PONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −5.787% | +0.0033% | 1h | $590 | $11K | 5.5x | as long as short |
| OKX PONS-USDT-SWAP | −0.155% | +0.0133% | 4h | $14.0M | $54.1M | 20x | as long as short |
| Bybit PONSUSDT | −0.073% | +0.0378% | 4h | $18.7M | $28.1M | 20x | as long as short |
| gTrade (Gains Network) PONS/USD | −0.069% | L +0.0032% / S −0.0031% | 1h | $220K | — | 150x | as long as short |
| SoDEX PONS-USD | −0.055% | +0.0100% | 1h | $27K | $467K | 3x | as long as short |
| Aster PONSUSDT | −0.026% | +0.0100% | 4h | $1.1M | $2.1M | 20x | as long as short |
| Polymarket Perps PONS-USD | −0.019% | +0.0576% | 1h | $59K | $1.8M | 3x | as long as short |
| Binance PONSUSDT | −0.007% | +0.0457% | 4h | $40.3M | $94.1M | 20x | as long as short |
| BingX PONS-USDT | −0.007% | +0.0592% | 4h | — | $3.1M | — | as long as short |
| Aevo PONS-PERPlong | 0.000% | +0.0200% | 1h | $379 | — | 3x |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Popdex PONSUSDT | +0.009% | +0.0096% | 1h | $19K | $473K | 20x | as long as short |
| Nado PONS-PERP | +0.051% | +0.0319% | 1h | $110K | $68K | 5x | as long as short |
| Pacifica PONS | +0.054% | +0.0616% | 1h | $50K | $123K | 3x | as long as short |
| Lighter RH PONS | +0.063% | +0.0776% | 1h | $424K | $2.3M | 3x | as long as short |
| Hyperliquid PONS | +0.065% | +0.0499% | 1h | $61.3M | $27.2M | 3x | as long as short |
| KuCoin PONSUSDTM | +0.072% | +0.0238% | 4h | $1.8M | $3.1M | 20x | as long as short |
| Phemex PONSUSDT | +0.091% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.127% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| SunX PONS-USDT | +0.131% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| MEXC PONS_USDT | +0.141% | +0.0468% | 4h | $7.5M | $5.1M | 20x | as long as short |
| Lighter PONS | +0.142% | +0.1392% | 1h | $1.8M | $783K | 3x | as long as short |
| Gate PONS_USDT | +0.173% | −0.0502% | 4h | $5.5M | $7.4M | 20x | as long as short |
| Bitget PONSUSDT | +0.180% | +0.0246% | 4h | $4.7M | $10.9M | 20x | as long as short |
| Extended PONS-USD | +0.184% | +0.0456% | 1h | $91K | $543K | 5x | as long as short |
| HTX PONS-USDT | +0.334% | +0.0100% | 4h | $64K | $494K | 20x | as long as short |
| BloFin PONS-USDT | +0.403% | +0.0710% | 4h | $1.8M | $941K | 20x | as long as short |
| Variational Omni PONS | +0.495% | +0.0418% | 4h | $1.3M | $3.8M | — | as long as short |
| edgeX PONSUSDC | +0.874% | +0.0480% | 4h | $21K | $291K | 10x | as long as short |
| ApeX Omni PONSUSDT | +0.980% | +0.0100% | 1h | $38K | $318K | 5x | as long as short |
| Phoenix PONSshort | +1.227% | +0.1528% | 1h | $25K | $61K | 3x |