Spread before costs (cost unknown: a leg has no order-book sample)−10.278%
7d average—if it closes, per $10,000$1028funding while held, a day−$17.42
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget PONSUSDT | 0.6395 | 0.0614 | pay 0.0307% / 4h | 1h 05m | $5.0M | $10.6M | 20x |
| Short | Injective PONS/USDC PERP | 0.5738 | 0.0033 | get 0.0004% / 1h | 5m 31s | $590 | $15K | 5.5x |
Bitget PONSUSDT
Injective PONS/USDC PERPPrice 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
- −$1,027.79
- Funding while held
- −$17.42
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$1,057.23
- Spread needed to break even
- 0.120%
Slippage unknown: Bitget: live order book, 4 min ago; Injective: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0581%
- Per $10,000 a day
- −$17.42
- 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 | 1.81 bp | 15.2 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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
ApeX Omni0.6367+10.957%edgeX0.6368+10.984%Phoenix0.6369+10.992%BingX0.6387+11.311%OKX0.6391+11.380%KuCoin0.6392+11.406%Bybit0.6393+11.415%Extended0.6394+11.433%Pacifica0.6394+11.438%Binance0.6395+11.450%
ApeX Omni
Phoenix
BingX
OKX
KuCoin
Bybit
Extended
Pacifica
BinanceBitget0.6395+11.455%
Gate0.6396+11.467%MEXC0.6396+11.467%Lighter RH0.6397+11.485%Lighter0.6398+11.501%Phemex0.6398+11.502%gTrade (Gains Network)0.6399+11.521%Hyperliquid0.6400+11.543%Popdex0.6401+11.555%Aster0.6406+11.640%SoDEX0.6407+11.659%Aevo0.6411+11.738%Polymarket Perps0.6413+11.757%Variational Omni0.6413+11.760%BloFin0.6414+11.781%Nado0.6414+11.783%Orderly0.6414+11.786%SunX0.6416+11.814%HTX0.6418+11.847%
Gate
MEXC
Lighter RH
Lighter
Phemex
gTrade (Gains Network)
Hyperliquid
Popdex
Aster
SoDEX
Aevo
Polymarket Perps
Variational Omni
BloFin
Nado
Orderly
SunX
HTXPONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERPshort | −10.278% | +0.0033% | 1h | $590 | $15K | 5.5x | |
| ApeX Omni PONSUSDT | −0.447% | +0.0100% | 1h | $40K | $316K | 5x | as long as short |
| edgeX PONSUSDC | −0.422% | +0.0658% | 4h | $22K | $288K | 10x | as long as short |
| Phoenix PONS | −0.416% | +0.1767% | 1h | $26K | $45K | 3x | as long as short |
| BingX PONS-USDT | −0.130% | +0.0652% | 4h | — | $2.9M | — | as long as short |
| OKX PONS-USDT-SWAP | −0.067% | +0.0193% | 4h | $15.1M | $57.5M | 20x | as long as short |
| KuCoin PONSUSDTM | −0.044% | +0.0580% | 4h | $1.9M | $2.8M | 20x | as long as short |
| Bybit PONSUSDT | −0.036% | +0.0698% | 4h | $20.8M | $26.8M | 20x | as long as short |
| Extended PONS-USD | −0.020% | +0.0664% | 1h | $162K | $473K | 5x | as long as short |
| Pacifica PONS | −0.015% | +0.0858% | 1h | $49K | $166K | 3x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance PONSUSDT | −0.005% | +0.0662% | 4h | $43.1M | $93.4M | 20x | as long as short |
| Bitget PONSUSDTlong | 0.000% | +0.0614% | 4h | $5.0M | $10.6M | 20x | |
| Gate PONS_USDT | +0.011% | +0.0496% | 4h | $5.7M | $7.3M | 20x | as long as short |
| MEXC PONS_USDT | +0.011% | +0.0660% | 4h | $8.2M | $5.0M | 20x | as long as short |
| Lighter RH PONS | +0.027% | +0.0416% | 1h | $442K | $2.2M | 3x | as long as short |
| Lighter PONS | +0.041% | +0.0928% | 1h | $1.8M | $735K | 3x | as long as short |
| Phemex PONSUSDT | +0.042% | +0.0100% | 4h | $1.8M | $3.4M | 20x | as long as short |
| gTrade (Gains Network) PONS/USD | +0.059% | L +0.0032% / S −0.0032% | 1h | $229K | — | 150x | as long as short |
| Hyperliquid PONS | +0.079% | +0.1021% | 1h | $65.2M | $25.9M | 3x | as long as short |
| Popdex PONSUSDT | +0.089% | +0.0096% | 1h | $20K | $471K | 20x | as long as short |
| Aster PONSUSDT | +0.166% | +0.0461% | 4h | $1.1M | $2.2M | 20x | as long as short |
| SoDEX PONS-USD | +0.183% | +0.0100% | 1h | $29K | $479K | 3x | as long as short |
| Aevo PONS-PERP | +0.253% | +0.0240% | 1h | $399 | — | 3x | as long as short |
| Polymarket Perps PONS-USD | +0.271% | +0.0561% | 1h | $80K | $1.8M | 3x | as long as short |
| Variational Omni PONS | +0.274% | +0.0553% | 4h | $1.9M | $3.4M | — | as long as short |
| BloFin PONS-USDT | +0.292% | +0.0885% | 4h | $1.9M | $922K | 20x | as long as short |
| Nado PONS-PERP | +0.294% | +0.0507% | 1h | $118K | $71K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.297% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| SunX PONS-USDT | +0.322% | +0.0100% | 4h | — | $1.3M | 10x | as long as short |
| HTX PONS-USDT | +0.352% | +0.0100% | 4h | $67K | $494K | 20x | as long as short |