Spread before costs (cost unknown: a leg has no order-book sample)−7.902%
7d average—if it closes, per $10,000$790funding while held, a day+$0.05
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) PONS/USD | 0.6230 | L +0.0032% / S −0.0031% | pay 0.0004% / 1h | 58m 00s | $225K | — | 150x |
| Short | Injective PONS/USDC PERP | 0.5738 | 0.0033 | get 0.0004% / 1h | 58m 00s | $590 | $11K | 5.5x |
gTrade (Gains Network) 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
- −$790.17
- Funding while held
- $0.05
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$802.14
- Spread needed to break even
- 0.120%
Slippage unknown: gTrade (Gains Network): virtual book (oracle venue), 53 min ago; Injective: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0002%
- Per $10,000 a day
- +$0.05
- 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 gTrade (Gains Network) virtual book (oracle venue), 53 min ago | 130.01 bp | 2119.9 bp −$2,120 | 16868.8 bp −$168.7K | 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
Variational Omni0.6226+8.497%edgeX0.6230+8.576%
Variational OmnigTrade (Gains Network)0.6230+8.580%
OKX0.6231+8.592%Pacifica0.6231+8.601%ApeX Omni0.6232+8.606%BingX0.6232+8.609%Aster0.6232+8.613%BloFin0.6235+8.662%Nado0.6236+8.679%Bybit0.6236+8.679%Phoenix0.6237+8.688%Phemex0.6237+8.696%Binance0.6238+8.714%SoDEX0.6238+8.719%Aevo0.6239+8.738%SunX0.6240+8.754%Polymarket Perps0.6241+8.771%Popdex0.6242+8.784%Gate0.6242+8.784%Hyperliquid0.6243+8.801%Bitget0.6243+8.803%KuCoin0.6243+8.804%Lighter RH0.6243+8.808%MEXC0.6244+8.818%Extended0.6246+8.851%Orderly0.6247+8.865%HTX0.6247+8.869%Lighter0.6248+8.881%
OKX
Pacifica
ApeX Omni
BingX
Aster
BloFin
Nado
Bybit
Phoenix
Phemex
Binance
SoDEX
Aevo
SunX
Polymarket Perps
Popdex
Gate
Hyperliquid
Bitget
KuCoin
Lighter RH
MEXC
Extended
Orderly
HTX
LighterPONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERPshort | −7.902% | +0.0033% | 1h | $590 | $11K | 5.5x | |
| Variational Omni PONS | −0.077% | +0.0511% | 4h | $1.7M | $3.4M | — | as long as short |
| edgeX PONSUSDC | −0.003% | +0.0546% | 4h | $21K | $292K | 10x | as long as short |
| gTrade (Gains Network) PONS/USDlong | 0.000% | L +0.0032% / S −0.0031% | 1h | $225K | — | 150x | |
| OKX PONS-USDT-SWAP | +0.011% | +0.0137% | 4h | $14.4M | $54.9M | 20x | as long as short |
| Pacifica PONS | +0.019% | +0.0616% | 1h | $50K | $126K | 3x | as long as short |
| ApeX Omni PONSUSDT | +0.024% | +0.0100% | 1h | $39K | $314K | 5x | as long as short |
| BingX PONS-USDT | +0.027% | +0.0586% | 4h | — | $3.0M | — | as long as short |
| Aster PONSUSDT | +0.031% | +0.0178% | 4h | $1.1M | $2.1M | 20x | as long as short |
| BloFin PONS-USDT | +0.075% | +0.0769% | 4h | $1.9M | $922K | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Nado PONS-PERP | +0.091% | +0.0335% | 1h | $113K | $68K | 5x | as long as short |
| Bybit PONSUSDT | +0.091% | +0.0259% | 4h | $20.0M | $27.2M | 20x | as long as short |
| Phoenix PONS | +0.100% | +0.1489% | 1h | $25K | $51K | 3x | as long as short |
| Phemex PONSUSDT | +0.108% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
| Binance PONSUSDT | +0.124% | +0.0525% | 4h | $41.5M | $92.7M | 20x | as long as short |
| SoDEX PONS-USD | +0.128% | +0.0100% | 1h | $28K | $463K | 3x | as long as short |
| Aevo PONS-PERP | +0.146% | +0.0216% | 1h | $389 | — | 3x | as long as short |
| SunX PONS-USDT | +0.161% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| Polymarket Perps PONS-USD | +0.177% | +0.0611% | 1h | $64K | $1.8M | 3x | as long as short |
| Popdex PONSUSDT | +0.188% | +0.0096% | 1h | $19K | $453K | 20x | as long as short |
| Gate PONS_USDT | +0.188% | −0.2412% | 4h | $5.6M | $7.2M | 20x | as long as short |
| Hyperliquid PONS | +0.204% | +0.0735% | 1h | $63.4M | $26.7M | 3x | as long as short |
| Bitget PONSUSDT | +0.205% | +0.0342% | 4h | $4.8M | $10.7M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.207% | +0.0286% | 4h | $1.8M | $3.1M | 20x | as long as short |
| Lighter RH PONS | +0.210% | +0.0864% | 1h | $433K | $2.2M | 3x | as long as short |
| MEXC PONS_USDT | +0.220% | +0.0528% | 4h | $7.8M | $4.9M | 20x | as long as short |
| Extended PONS-USD | +0.250% | +0.0528% | 1h | $93K | $533K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.263% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| HTX PONS-USDT | +0.266% | +0.0100% | 4h | $66K | $490K | 20x | as long as short |
| Lighter PONS | +0.278% | +0.1648% | 1h | $1.8M | $763K | 3x | as long as short |