Spread before costs (cost unknown: a leg has no order-book sample)+0.193%
7d average−0.003%if it closes, per $10,000$19funding while held, a day+$2.10
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster PONSUSDT | 0.6377 | 0.0476 | pay 0.0238% / 4h | 1h 58m | $1.1M | $2.2M | 20x |
| Short | Variational Omni PONS | 0.6390 | 0.0546 | get 0.0273% / 4h | 1h 58m | $1.8M | $3.3M | — |
Aster PONSUSDT
Variational Omni 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
- $19.28
- Funding while held
- $2.1
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $13.38
- Spread needed to break even
- 0.080%
Slippage unknown: Aster: live order book, 1 min ago; Variational Omni: RFQ quote, 2 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0070%
- Per $10,000 a day
- +$2.10
- 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 Aster live order book, 1 min ago | 4.62 bp | 11.7 bp −$12 | 29.0 bp −$290 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 2 min ago | 4.69 bp | doesn't fit | 37.5 bp −$375 | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapest
BingX0.6362+10.875%gTrade (Gains Network)0.6369+10.989%Bybit0.6370+11.014%OKX0.6372+11.049%Gate0.6373+11.067%Extended0.6374+11.076%Binance0.6375+11.101%Bitget0.6375+11.108%MEXC0.6376+11.119%SoDEX0.6376+11.121%
Injective
BingX
gTrade (Gains Network)
Bybit
OKX
Gate
Extended
Binance
Bitget
MEXC
SoDEXAster0.6377+11.144%
KuCoin0.6379+11.168%Pacifica0.6379+11.168%Phemex0.6380+11.189%Nado0.6382+11.215%Polymarket Perps0.6382+11.216%Popdex0.6383+11.241%Hyperliquid0.6383+11.248%Lighter RH0.6385+11.274%SunX0.6387+11.312%Lighter0.6388+11.330%Orderly0.6390+11.354%
KuCoin
Pacifica
Phemex
Nado
Polymarket Perps
Popdex
Hyperliquid
Lighter RH
SunX
Lighter
OrderlyVariational Omni0.6390+11.358%
BloFin0.6390+11.363%edgeX0.6391+11.376%ApeX Omni0.6392+11.398%Phoenix0.6393+11.419%Aevo0.6402+11.581%HTX0.6405+11.623%
BloFin
ApeX Omni
Phoenix
Aevo
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 | −10.027% | +0.0033% | 1h | $590 | $15K | 5.5x | as long as short |
| BingX PONS-USDT | −0.242% | +0.0752% | 4h | — | $2.9M | — | as long as short |
| gTrade (Gains Network) PONS/USD | −0.139% | L +0.0032% / S −0.0030% | 1h | $234K | — | 150x | as long as short |
| Bybit PONSUSDT | −0.117% | +0.0707% | 4h | $20.4M | $26.0M | 20x | as long as short |
| OKX PONS-USDT-SWAP | −0.085% | +0.0238% | 4h | $15.3M | $57.6M | 20x | as long as short |
| Gate PONS_USDT | −0.070% | +0.1514% | 4h | $5.7M | $7.0M | 20x | as long as short |
| Extended PONS-USD | −0.061% | +0.0720% | 1h | $227K | $407K | 5x | as long as short |
| Binance PONSUSDT | −0.038% | +0.0720% | 4h | $42.9M | $92.5M | 20x | as long as short |
| Bitget PONSUSDT | −0.032% | +0.0780% | 4h | $5.1M | $10.2M | 20x | as long as short |
| MEXC PONS_USDT | −0.023% | +0.0718% | 4h | $8.2M | $4.8M | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SoDEX PONS-USD | −0.021% | +0.0100% | 1h | $29K | $458K | 3x | as long as short |
| Aster PONSUSDTlong | 0.000% | +0.0476% | 4h | $1.1M | $2.2M | 20x | |
| KuCoin PONSUSDTM | +0.021% | +0.0568% | 4h | $2.2M | $2.1M | 20x | as long as short |
| Pacifica PONS | +0.022% | +0.0815% | 1h | $49K | $165K | 3x | as long as short |
| Phemex PONSUSDT | +0.040% | +0.0100% | 4h | $1.8M | $3.4M | 20x | as long as short |
| Nado PONS-PERP | +0.064% | +0.0422% | 1h | $117K | $64K | 5x | as long as short |
| Polymarket Perps PONS-USD | +0.065% | +0.0911% | 1h | $65K | $1.7M | 3x | as long as short |
| Popdex PONSUSDT | +0.087% | +0.0096% | 1h | $20K | $475K | 20x | as long as short |
| Hyperliquid PONS | +0.093% | +0.1052% | 1h | $64.7M | $25.1M | 3x | as long as short |
| Lighter RH PONS | +0.117% | +0.0856% | 1h | $459K | $2.1M | 3x | as long as short |
| SunX PONS-USDT | +0.151% | +0.0100% | 4h | — | $1.2M | 10x | as long as short |
| Lighter PONS | +0.167% | +0.0768% | 1h | $1.8M | $724K | 3x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.189% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| Variational Omni PONSshort | +0.193% | +0.0546% | 4h | $1.8M | $3.3M | — | |
| BloFin PONS-USDT | +0.197% | +0.0960% | 4h | $1.9M | $904K | 20x | as long as short |
| edgeX PONSUSDC | +0.209% | +0.0733% | 4h | $22K | $291K | 10x | as long as short |
| ApeX Omni PONSUSDT | +0.228% | +0.0100% | 1h | $40K | $320K | 5x | as long as short |
| Phoenix PONS | +0.247% | +0.1558% | 1h | $26K | $45K | 3x | as long as short |
| Aevo PONS-PERP | +0.393% | +0.0264% | 1h | $399 | — | 3x | as long as short |
| HTX PONS-USDT | +0.430% | +0.0100% | 4h | $67K | $491K | 20x | as long as short |