Spread before costs (cost unknown: a leg has no order-book sample)+0.302%
7d average—if it closes, per $10,000$30funding while held, a day+$2.04
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) PONS/USD | 0.6400 | L +0.0032% / S −0.0032% | pay 0.0004% / 1h | 35m 13s | $229K | — | 150x |
| Short | Orderly PERP_PONS_USDC_mythos | 0.6419 | 0.0100 | get 0.0050% / 4h | 1h 35m | $2K | $2K | 10x |
gTrade (Gains Network) PONS/USD
Orderly PERP_PONS_USDC_mythosPrice 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
- $30.23
- Funding while held
- $2.04
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 6 bp × 2 orders
- −$12
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $14.27
- Spread needed to break even
- 0.180%
Slippage unknown: gTrade (Gains Network): virtual book (oracle venue), 20 min ago; Orderly: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0068%
- Per $10,000 a day
- +$2.04
- 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), 20 min ago | 130.01 bp | 2119.7 bp −$2,120 | 16868.2 bp −$168.7K | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 Omni0.6353+10.715%edgeX0.6388+11.328%Variational Omni0.6397+11.484%Phoenix0.6400+11.528%
Injective
ApeX Omni
Variational Omni
PhoenixgTrade (Gains Network)0.6400+11.536%
Gate0.6401+11.555%BingX0.6402+11.572%OKX0.6404+11.607%Bitget0.6408+11.678%Phemex0.6409+11.694%Popdex0.6410+11.711%Hyperliquid0.6411+11.729%Bybit0.6411+11.729%SoDEX0.6411+11.738%KuCoin0.6412+11.745%Polymarket Perps0.6412+11.746%Lighter RH0.6412+11.751%MEXC0.6413+11.764%BloFin0.6413+11.764%SunX0.6413+11.765%Extended0.6414+11.777%Nado0.6414+11.781%Aevo0.6414+11.781%Binance0.6415+11.799%Pacifica0.6416+11.816%Lighter0.6417+11.832%Aster0.6417+11.833%
Gate
BingX
OKX
Bitget
Phemex
Popdex
Hyperliquid
Bybit
SoDEX
KuCoin
Polymarket Perps
Lighter RH
MEXC
BloFin
SunX
Extended
Nado
Aevo
Binance
Pacifica
Lighter
AsterOrderly0.6419+11.873%
HTX0.6429+12.039%
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 | −10.343% | +0.0033% | 1h | $590 | $15K | 5.5x | as long as short |
| ApeX Omni PONSUSDT | −0.737% | +0.0100% | 1h | $40K | $316K | 5x | as long as short |
| edgeX PONSUSDC | −0.186% | +0.0697% | 4h | $22K | $288K | 10x | as long as short |
| Variational Omni PONS | −0.047% | +0.0500% | 4h | $1.8M | $3.3M | — | as long as short |
| Phoenix PONS | −0.007% | +0.1767% | 1h | $26K | $45K | 3x | as long as short |
| gTrade (Gains Network) PONS/USDlong | 0.000% | L +0.0032% / S −0.0032% | 1h | $229K | — | 150x | |
| Gate PONS_USDT | +0.016% | +0.0986% | 4h | $5.7M | $7.1M | 20x | as long as short |
| BingX PONS-USDT | +0.032% | +0.0678% | 4h | — | $2.9M | — | as long as short |
| OKX PONS-USDT-SWAP | +0.063% | +0.0203% | 4h | $15.3M | $56.9M | 20x | as long as short |
| Bitget PONSUSDT | +0.127% | +0.0702% | 4h | $5.1M | $10.4M | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phemex PONSUSDT | +0.141% | +0.0100% | 4h | $1.8M | $3.4M | 20x | as long as short |
| Popdex PONSUSDT | +0.157% | +0.0096% | 1h | $20K | $470K | 20x | as long as short |
| Hyperliquid PONS | +0.173% | +0.0989% | 1h | $65.0M | $25.3M | 3x | as long as short |
| Bybit PONSUSDT | +0.173% | +0.0626% | 4h | $20.5M | $26.1M | 20x | as long as short |
| SoDEX PONS-USD | +0.180% | +0.0100% | 1h | $29K | $462K | 3x | as long as short |
| KuCoin PONSUSDTM | +0.187% | +0.0572% | 4h | $2.3M | $2.1M | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.188% | +0.0511% | 1h | $65K | $1.7M | 3x | as long as short |
| Lighter RH PONS | +0.193% | +0.0432% | 1h | $452K | $2.2M | 3x | as long as short |
| MEXC PONS_USDT | +0.204% | +0.0686% | 4h | $8.2M | $4.9M | 20x | as long as short |
| BloFin PONS-USDT | +0.204% | +0.0926% | 4h | $1.9M | $915K | 20x | as long as short |
| SunX PONS-USDT | +0.205% | +0.0100% | 4h | — | $1.2M | 10x | as long as short |
| Extended PONS-USD | +0.216% | +0.0688% | 1h | $162K | $463K | 5x | as long as short |
| Nado PONS-PERP | +0.220% | +0.0456% | 1h | $118K | $67K | 5x | as long as short |
| Aevo PONS-PERP | +0.220% | +0.0240% | 1h | $400 | — | 3x | as long as short |
| Binance PONSUSDT | +0.235% | +0.0686% | 4h | $43.2M | $92.5M | 20x | as long as short |
| Pacifica PONS | +0.251% | +0.0858% | 1h | $49K | $166K | 3x | as long as short |
| Lighter PONS | +0.265% | +0.0912% | 1h | $1.8M | $729K | 3x | as long as short |
| Aster PONSUSDT | +0.266% | +0.0425% | 4h | $1.1M | $2.2M | 20x | as long as short |
| Orderly PERP_PONS_USDC_mythosshort | +0.302% | +0.0100% | 4h | $2K | $2K | 10x | |
| HTX PONS-USDT | +0.451% | +0.0100% | 4h | $67K | $490K | 20x | as long as short |