Spread before costs (cost unknown: a leg has no order-book sample)+0.624%
7d average+0.002%if it closes, per $10,000$62funding while held, a day−$1.10
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PONS-USDT | 0.6144 | 0.0476 | pay 0.0238% / 4h | 3h 29m | — | $3.1M | — |
| Short | Variational Omni PONS | 0.6182 | 0.0439 | get 0.0220% / 4h | 3h 29m | $1.5M | $3.6M | — |
BingX PONS-USDT
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
- $62.4
- Funding while held
- −$1.1
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $51.31
- Spread needed to break even
- 0.100%
Slippage unknown: BingX: live order book, 12 min ago; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0037%
- Per $10,000 a day
- −$1.10
- 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 BingX live order book, 12 min ago | 0.81 bp | 9.6 bp −$10 | 26.4 bp −$264 | 278.3 bp −$27.8K | doesn't fit |
| Sell Variational Omni RFQ quote, 1 min ago | 5.70 bp | doesn't fit | 41.5 bp −$415 | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapest
Aevo0.6141+7.031%
Injective
AevoBingX0.6144+7.076%
Pacifica0.6145+7.089%Aster0.6145+7.090%SunX0.6146+7.116%OKX0.6148+7.145%Polymarket Perps0.6149+7.154%gTrade (Gains Network)0.6149+7.156%Bybit0.6149+7.163%Extended0.6149+7.167%Lighter RH0.6150+7.182%Binance0.6151+7.191%SoDEX0.6151+7.199%Lighter0.6151+7.206%KuCoin0.6152+7.208%Bitget0.6152+7.208%Popdex0.6152+7.215%MEXC0.6152+7.215%Phemex0.6152+7.215%Hyperliquid0.6152+7.224%Gate0.6155+7.267%Orderly0.6159+7.330%Nado0.6159+7.341%HTX0.6172+7.571%BloFin0.6182+7.738%Phoenix0.6182+7.741%
Pacifica
Aster
SunX
OKX
Polymarket Perps
gTrade (Gains Network)
Bybit
Extended
Lighter RH
Binance
SoDEX
Lighter
KuCoin
Bitget
Popdex
MEXC
Phemex
Hyperliquid
Gate
Orderly
Nado
HTX
BloFin
PhoenixVariational Omni0.6182+7.744%
edgeX0.6185+7.793%ApeX Omni0.6190+7.877%
ApeX OmniPONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −6.608% | +0.0033% | 1h | $590 | $11K | 5.5x | as long as short |
| Aevo PONS-PERP | −0.041% | +0.0200% | 1h | $383 | — | 3x | as long as short |
| BingX PONS-USDTlong | 0.000% | +0.0476% | 4h | — | $3.1M | — | |
| Pacifica PONS | +0.012% | +0.0616% | 1h | $51K | $123K | 3x | as long as short |
| Aster PONSUSDT | +0.013% | +0.0100% | 4h | $1.1M | $2.1M | 20x | as long as short |
| SunX PONS-USDT | +0.037% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| OKX PONS-USDT-SWAP | +0.065% | +0.0146% | 4h | $14.2M | $54.2M | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.073% | +0.0620% | 1h | $60K | $1.8M | 3x | as long as short |
| gTrade (Gains Network) PONS/USD | +0.075% | L +0.0032% / S −0.0031% | 1h | $222K | — | 150x | as long as short |
| Bybit PONSUSDT | +0.081% | +0.0624% | 4h | $19.0M | $27.9M | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended PONS-USD | +0.085% | +0.0488% | 1h | $92K | $539K | 5x | as long as short |
| Lighter RH PONS | +0.099% | +0.0944% | 1h | $426K | $2.3M | 3x | as long as short |
| Binance PONSUSDT | +0.107% | +0.0488% | 4h | $40.8M | $93.4M | 20x | as long as short |
| SoDEX PONS-USD | +0.116% | +0.0100% | 1h | $27K | $459K | 3x | as long as short |
| Lighter PONS | +0.122% | +0.1424% | 1h | $1.8M | $781K | 3x | as long as short |
| KuCoin PONSUSDTM | +0.124% | +0.0252% | 4h | $1.8M | $3.1M | 20x | as long as short |
| Bitget PONSUSDT | +0.124% | +0.0260% | 4h | $4.7M | $10.8M | 20x | as long as short |
| Popdex PONSUSDT | +0.130% | +0.0096% | 1h | $19K | $473K | 20x | as long as short |
| MEXC PONS_USDT | +0.130% | +0.0494% | 4h | $7.6M | $5.1M | 20x | as long as short |
| Phemex PONSUSDT | +0.130% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
| Hyperliquid PONS | +0.138% | +0.0556% | 1h | $61.9M | $27.2M | 3x | as long as short |
| Gate PONS_USDT | +0.179% | −0.0184% | 4h | $5.5M | $7.4M | 20x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.238% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| Nado PONS-PERP | +0.248% | +0.0332% | 1h | $111K | $68K | 5x | as long as short |
| HTX PONS-USDT | +0.462% | +0.0100% | 4h | $66K | $492K | 20x | as long as short |
| BloFin PONS-USDT | +0.618% | +0.0734% | 4h | $1.8M | $950K | 20x | as long as short |
| Phoenix PONS | +0.622% | +0.1528% | 1h | $25K | $61K | 3x | as long as short |
| Variational Omni PONSshort | +0.624% | +0.0439% | 4h | $1.5M | $3.6M | — | |
| edgeX PONSUSDC | +0.670% | +0.0515% | 4h | $22K | $293K | 10x | as long as short |
| ApeX Omni PONSUSDT | +0.749% | +0.0100% | 1h | $39K | $318K | 5x | as long as short |