Spread before costs (cost unknown: a leg has no order-book sample)−0.132%
7d average+0.003%if it closes, per $10,000$13funding while held, a day−$2.52
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX PONSUSDC | 0.6383 | 0.0658 | pay 0.0329% / 4h | 1h 00m | $22K | $289K | 10x |
| Short | Variational Omni PONS | 0.6375 | 0.0574 | get 0.0287% / 4h | 1h 00m | $1.9M | $3.3M | — |
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
- −$13.2
- Funding while held
- −$2.52
- Slippage, 4 orders
- no order book: not counted
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$24.72
- Spread needed to break even
- 0.090%
Slippage unknown: edgeX: live order book, 54 min ago; Variational Omni: RFQ quote, 5 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0084%
- Per $10,000 a day
- −$2.52
- 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 edgeX live order book, 54 min ago | 11.82 bp | 19.9 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 5 min ago | 6.26 bp | doesn't fit | 31.3 bp −$313 | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapest
gTrade (Gains Network)0.6338+10.458%BingX0.6345+10.579%Bybit0.6346+10.596%Aster0.6352+10.702%Binance0.6353+10.718%Orderly0.6354+10.734%MEXC0.6357+10.788%OKX0.6359+10.823%Polymarket Perps0.6363+10.887%Bitget0.6363+10.901%Extended0.6364+10.916%KuCoin0.6365+10.924%Popdex0.6366+10.945%Phemex0.6366+10.945%BloFin0.6366+10.945%Hyperliquid0.6367+10.968%SoDEX0.6368+10.971%Nado0.6370+11.013%Pacifica0.6370+11.014%Aevo0.6370+11.014%Lighter RH0.6372+11.054%SunX0.6373+11.070%Gate0.6374+11.084%
Injective
gTrade (Gains Network)
BingX
Bybit
Aster
Binance
Orderly
MEXC
OKX
Polymarket Perps
Bitget
Extended
KuCoin
Popdex
Phemex
BloFin
Hyperliquid
SoDEX
Nado
Pacifica
Aevo
Lighter RH
SunX
GateVariational Omni0.6375+11.102%
Lighter0.6376+11.124%ApeX Omni0.6387+11.309%Phoenix0.6389+11.340%HTX0.6398+11.495%
Lighter
ApeX Omni
Phoenix
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 | −10.111% | +0.0033% | 1h | $590 | $15K | 5.5x | as long as short |
| gTrade (Gains Network) PONS/USD | −0.711% | L +0.0032% / S −0.0032% | 1h | $227K | — | 150x | as long as short |
| BingX PONS-USDT | −0.602% | +0.0668% | 4h | — | $2.9M | — | as long as short |
| Bybit PONSUSDT | −0.586% | +0.0745% | 4h | $20.7M | $26.8M | 20x | as long as short |
| Aster PONSUSDT | −0.491% | +0.0445% | 4h | $1.1M | $2.2M | 20x | as long as short |
| Binance PONSUSDT | −0.477% | +0.0639% | 4h | $42.8M | $93.4M | 20x | as long as short |
| Orderly PERP_PONS_USDC_mythos | −0.463% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| MEXC PONS_USDT | −0.414% | +0.0644% | 4h | $8.2M | $5.0M | 20x | as long as short |
| OKX PONS-USDT-SWAP | −0.383% | +0.0184% | 4h | $15.1M | $56.9M | 20x | as long as short |
| Polymarket Perps PONS-USD | −0.325% | +0.0570% | 1h | $79K | $1.8M | 3x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget PONSUSDT | −0.312% | +0.0600% | 4h | $5.0M | $10.6M | 20x | as long as short |
| Extended PONS-USD | −0.299% | +0.0648% | 1h | $162K | $471K | 5x | as long as short |
| KuCoin PONSUSDTM | −0.292% | +0.0568% | 4h | $1.9M | $2.8M | 20x | as long as short |
| Popdex PONSUSDT | −0.273% | +0.0096% | 1h | $20K | $471K | 20x | as long as short |
| Phemex PONSUSDT | −0.273% | +0.0100% | 4h | $1.8M | $3.4M | 20x | as long as short |
| BloFin PONS-USDT | −0.273% | +0.0885% | 4h | $1.9M | $921K | 20x | as long as short |
| Hyperliquid PONS | −0.252% | +0.1043% | 1h | $64.9M | $26.0M | 3x | as long as short |
| SoDEX PONS-USD | −0.250% | +0.0100% | 1h | $29K | $479K | 3x | as long as short |
| Nado PONS-PERP | −0.212% | +0.0541% | 1h | $117K | $71K | 5x | as long as short |
| Pacifica PONS | −0.211% | +0.0858% | 1h | $49K | $166K | 3x | as long as short |
| Aevo PONS-PERP | −0.211% | +0.0240% | 1h | $397 | — | 3x | as long as short |
| Lighter RH PONS | −0.174% | +0.0416% | 1h | $440K | $2.2M | 3x | as long as short |
| SunX PONS-USDT | −0.160% | +0.0100% | 4h | — | $1.3M | 10x | as long as short |
| Gate PONS_USDT | −0.148% | +0.0412% | 4h | $5.7M | $7.4M | 20x | as long as short |
| Variational Omni PONSshort | −0.132% | +0.0574% | 4h | $1.9M | $3.3M | — | |
| Lighter PONS | −0.112% | +0.0904% | 1h | $1.8M | $736K | 3x | as long as short |
| edgeX PONSUSDClong | 0.000% | +0.0658% | 4h | $22K | $289K | 10x | |
| ApeX Omni PONSUSDT | +0.054% | +0.0100% | 1h | $40K | $316K | 5x | as long as short |
| Phoenix PONS | +0.082% | +0.1767% | 1h | $26K | $45K | 3x | as long as short |
| HTX PONS-USDT | +0.222% | +0.0100% | 4h | $67K | $493K | 20x | as long as short |