Spread before costs (cost unknown: a leg has no order-book sample)+0.024%
7d average+0.013%if it closes, per $10,000$2funding while held, a day+$24.26
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget PONSUSDT | 0.6378 | 0.0786 | pay 0.0393% / 4h | 2h 00m | $5.1M | $10.2M | 20x |
| Short | Hyperliquid PONS | 0.6380 | 0.1595 | get 0.0199% / 1h | 0m 33s | $64.6M | $25.1M | 3x |
Bitget PONSUSDT
Hyperliquid 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
- $2.35
- Funding while held
- $24.26
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $5.61
- Spread needed to break even
- 0.210%
Slippage unknown: Bitget: live order book, 4 min ago; Hyperliquid: live order book, 4 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0809%
- Per $10,000 a day
- +$24.26
- 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 Bitget live order book, 4 min ago | 2.43 bp | 13.3 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 4 min ago | 1.18 bp | 8.0 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapest
edgeX0.6374+11.089%BingX0.6375+11.101%
Injective
BingXBitget0.6378+11.161%
Hyperliquid0.6380+11.187%
OKX0.6380+11.189%Bybit0.6381+11.206%MEXC0.6381+11.206%Polymarket Perps0.6382+11.218%Extended0.6382+11.218%Gate0.6382+11.223%Nado0.6383+11.241%Popdex0.6383+11.241%gTrade (Gains Network)0.6384+11.253%Binance0.6385+11.276%Pacifica0.6385+11.279%Aster0.6387+11.304%Lighter RH0.6388+11.328%Phemex0.6389+11.345%KuCoin0.6389+11.351%Variational Omni0.6390+11.358%SoDEX0.6390+11.363%Lighter0.6391+11.375%ApeX Omni0.6392+11.398%Phoenix0.6393+11.419%SunX0.6394+11.431%Orderly0.6397+11.485%BloFin0.6399+11.520%HTX0.6401+11.558%Aevo0.6404+11.608%
OKX
Bybit
MEXC
Polymarket Perps
Extended
Gate
Nado
Popdex
gTrade (Gains Network)
Binance
Pacifica
Aster
Lighter RH
Phemex
KuCoin
Variational Omni
SoDEX
Lighter
ApeX Omni
Phoenix
SunX
Orderly
BloFin
HTX
AevoPONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −10.040% | +0.0033% | 1h | $590 | $18K | 5.5x | as long as short |
| edgeX PONSUSDC | −0.065% | +0.0727% | 4h | $22K | $290K | 10x | as long as short |
| BingX PONS-USDT | −0.053% | +0.0752% | 4h | — | $2.9M | — | as long as short |
| Bitget PONSUSDTlong | 0.000% | +0.0786% | 4h | $5.1M | $10.2M | 20x | |
| Hyperliquid PONSshort | +0.024% | +0.1595% | 1h | $64.6M | $25.1M | 3x | |
| OKX PONS-USDT-SWAP | +0.025% | +0.0247% | 4h | $15.3M | $57.7M | 20x | as long as short |
| Bybit PONSUSDT | +0.041% | +0.0712% | 4h | $20.4M | $26.0M | 20x | as long as short |
| MEXC PONS_USDT | +0.041% | +0.0722% | 4h | $8.2M | $5.0M | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.052% | +0.0759% | 1h | $67K | $1.7M | 3x | as long as short |
| Extended PONS-USD | +0.052% | +0.0720% | 1h | $227K | $407K | 5x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate PONS_USDT | +0.056% | +0.1538% | 4h | $5.7M | $7.4M | 20x | as long as short |
| Nado PONS-PERP | +0.072% | +0.0931% | 1h | $117K | $64K | 5x | as long as short |
| Popdex PONSUSDT | +0.072% | +0.0096% | 1h | $20K | $471K | 20x | as long as short |
| gTrade (Gains Network) PONS/USD | +0.083% | L +0.0032% / S −0.0030% | 1h | $235K | — | 150x | as long as short |
| Binance PONSUSDT | +0.103% | +0.0720% | 4h | $42.9M | $92.4M | 20x | as long as short |
| Pacifica PONS | +0.107% | +0.0815% | 1h | $49K | $139K | 3x | as long as short |
| Aster PONSUSDT | +0.129% | +0.0476% | 4h | $1.1M | $2.2M | 20x | as long as short |
| Lighter RH PONS | +0.151% | +0.0936% | 1h | $459K | $2.2M | 3x | as long as short |
| Phemex PONSUSDT | +0.166% | +0.0100% | 4h | $1.8M | $3.4M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.171% | +0.0566% | 4h | $2.2M | $2.1M | 20x | as long as short |
| Variational Omni PONS | +0.178% | +0.0546% | 4h | $1.8M | $3.3M | — | as long as short |
| SoDEX PONS-USD | +0.182% | +0.0100% | 1h | $29K | $458K | 3x | as long as short |
| Lighter PONS | +0.193% | +0.1008% | 1h | $1.8M | $751K | 3x | as long as short |
| ApeX Omni PONSUSDT | +0.213% | +0.0100% | 1h | $40K | $320K | 5x | as long as short |
| Phoenix PONS | +0.232% | +0.1558% | 1h | $26K | $51K | 3x | as long as short |
| SunX PONS-USDT | +0.243% | +0.0100% | 4h | — | $1.2M | 10x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.292% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| BloFin PONS-USDT | +0.323% | +0.0964% | 4h | $1.9M | $903K | 20x | as long as short |
| HTX PONS-USDT | +0.357% | +0.0100% | 4h | $67K | $490K | 20x | as long as short |
| Aevo PONS-PERP | +0.402% | +0.0264% | 1h | $399 | — | 3x | as long as short |