Spread before costs (cost unknown: a leg has no order-book sample)−1.184%
7d average—if it closes, per $10,000$118funding while held, a day−$7.16
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended PONS-USD | 0.5807 | 0.0272 | pay 0.0034% / 1h | 41m 22s | $87K | $542K | 5x |
| Short | Injective PONS/USDC PERP | 0.5738 | 0.0033 | get 0.0004% / 1h | 41m 22s | $590 | $3K | 5.5x |
Extended PONS-USD
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
- −$118.4
- Funding while held
- −$7.16
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$130.58
- Spread needed to break even
- 0.050%
Slippage unknown: Extended: live order book, 58 min ago; Injective: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0239%
- Per $10,000 a day
- −$7.16
- 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 Extended live order book, 58 min ago | 11.09 bp | 25.1 bp −$25 | 229.1 bp −$2,291 | 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
KuCoin0.5804+1.152%gTrade (Gains Network)0.5805+1.168%Nado0.5806+1.189%
KuCoin
gTrade (Gains Network)
NadoExtended0.5807+1.198%
Popdex0.5807+1.203%MEXC0.5807+1.203%Bybit0.5808+1.220%OKX0.5808+1.220%BingX0.5808+1.220%Polymarket Perps0.5809+1.239%Bitget0.5809+1.244%Pacifica0.5811+1.270%Binance0.5811+1.272%Hyperliquid0.5811+1.276%Lighter RH0.5812+1.290%Lighter0.5814+1.318%Gate0.5817+1.377%Orderly0.5818+1.391%Aster0.5827+1.547%Phemex0.5827+1.551%SoDEX0.5830+1.603%BloFin0.5831+1.621%SunX0.5831+1.626%Aevo0.5831+1.629%edgeX0.5835+1.683%ApeX Omni0.5839+1.757%Phoenix0.5839+1.758%Variational Omni0.5846+1.876%HTX0.5851+1.966%
Popdex
MEXC
Bybit
OKX
BingX
Polymarket Perps
Bitget
Pacifica
Binance
Hyperliquid
Lighter RH
Lighter
Gate
Orderly
Aster
Phemex
SoDEX
BloFin
SunX
Aevo
ApeX Omni
Phoenix
Variational Omni
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 | −1.184% | +0.0033% | 1h | $590 | $3K | 5.5x | |
| KuCoin PONSUSDTM | −0.046% | +0.0100% | 4h | $1.7M | $3.5M | 20x | as long as short |
| gTrade (Gains Network) PONS/USD | −0.030% | L +0.0032% / S −0.0032% | 1h | $210K | — | 150x | as long as short |
| Nado PONS-PERP | −0.009% | +0.0100% | 1h | $72K | $94K | 5x | as long as short |
| Extended PONS-USDlong | 0.000% | +0.0272% | 1h | $87K | $542K | 5x | |
| Popdex PONSUSDT | +0.004% | +0.0096% | 1h | $20K | $512K | 20x | as long as short |
| MEXC PONS_USDT | +0.004% | +0.0274% | 4h | $7.0M | $5.3M | 20x | as long as short |
| Bybit PONSUSDT | +0.022% | +0.0100% | 4h | $16.9M | $31.2M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.022% | +0.0155% | 4h | $12.9M | $55.6M | 20x | as long as short |
| BingX PONS-USDT | +0.022% | +0.0292% | 4h | — | $3.3M | — | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Polymarket Perps PONS-USD | +0.040% | +0.0418% | 1h | $72K | $1.8M | 3x | as long as short |
| Bitget PONSUSDT | +0.046% | +0.0130% | 4h | $4.5M | $11.6M | 20x | as long as short |
| Pacifica PONS | +0.071% | +0.0157% | 1h | $46K | $119K | 3x | as long as short |
| Binance PONSUSDT | +0.073% | +0.0275% | 4h | $37.5M | $99.6M | 20x | as long as short |
| Hyperliquid PONS | +0.077% | +0.0100% | 1h | $57.8M | $29.9M | 3x | as long as short |
| Lighter RH PONS | +0.090% | +0.0456% | 1h | $415K | $2.4M | 3x | as long as short |
| Lighter PONS | +0.118% | +0.1008% | 1h | $1.7M | $867K | 3x | as long as short |
| Gate PONS_USDT | +0.177% | −0.0040% | 4h | $5.2M | $7.2M | 20x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.190% | +0.0100% | 4h | $2K | $3K | 10x | as long as short |
| Aster PONSUSDT | +0.345% | +0.0100% | 4h | $1.1M | $2.1M | 20x | as long as short |
| Phemex PONSUSDT | +0.349% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
| SoDEX PONS-USD | +0.400% | +0.0100% | 1h | $26K | $533K | 3x | as long as short |
| BloFin PONS-USDT | +0.418% | +0.0522% | 4h | $1.7M | $978K | 20x | as long as short |
| SunX PONS-USDT | +0.423% | +0.0100% | 4h | — | $1.3M | 10x | as long as short |
| Aevo PONS-PERP | +0.426% | +0.0152% | 1h | $363 | — | 3x | as long as short |
| edgeX PONSUSDC | +0.479% | +0.0288% | 4h | $20K | $291K | 10x | as long as short |
| ApeX Omni PONSUSDT | +0.552% | +0.0100% | 1h | $34K | $318K | 5x | as long as short |
| Phoenix PONS | +0.554% | +0.1299% | 1h | $24K | $70K | 3x | as long as short |
| Variational Omni PONS | +0.670% | +0.0100% | 4h | $1.3M | $4.1M | — | as long as short |
| HTX PONS-USDT | +0.759% | +0.0100% | 4h | $62K | $499K | 20x | as long as short |