Spread before costs (cost unknown: a leg has no order-book sample)+0.394%
7d average−0.002%if it closes, per $10,000$39funding while held, a day+$1.30
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate PONS_USDT | 0.5913 | 0.0100 | pay 0.0050% / 4h | 2h 39m | $5.3M | $7.7M | 20x |
| Short | Variational Omni PONS | 0.5936 | 0.0143 | get 0.0072% / 4h | 2h 39m | $1.2M | $3.9M | — |
Gate PONS_USDT
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
- $39.45
- Funding while held
- $1.3
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $25.75
- Spread needed to break even
- 0.150%
Slippage unknown: Gate: live order book, 1 min ago; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0043%
- Per $10,000 a day
- +$1.30
- 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 Gate live order book, 1 min ago | 2.53 bp | 20.5 bp −$21 | 189.6 bp −$1,896 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 1 min ago | 4.22 bp | doesn't fit | 31.2 bp −$312 | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapestOKX0.5911+3.015%KuCoin0.5912+3.039%SoDEX0.5913+3.041%gTrade (Gains Network)0.5913+3.045%Bybit0.5913+3.050%
Injective
OKX
KuCoin
SoDEX
gTrade (Gains Network)
BybitGate0.5913+3.050%
BingX0.5913+3.050%Aevo0.5913+3.051%Binance0.5914+3.067%Extended0.5916+3.100%Orderly0.5916+3.102%Phemex0.5916+3.102%Bitget0.5916+3.109%MEXC0.5917+3.120%Aster0.5917+3.127%Nado0.5918+3.132%Popdex0.5918+3.137%SunX0.5918+3.139%Polymarket Perps0.5918+3.140%Hyperliquid0.5919+3.154%Pacifica0.5919+3.158%Lighter RH0.5920+3.168%Lighter0.5924+3.247%ApeX Omni0.5926+3.273%HTX0.5931+3.372%BloFin0.5932+3.381%edgeX0.5936+3.447%
BingX
Aevo
Binance
Extended
Orderly
Phemex
Bitget
MEXC
Aster
Nado
Popdex
SunX
Polymarket Perps
Hyperliquid
Pacifica
Lighter RH
Lighter
ApeX Omni
HTX
BloFinVariational Omni0.5936+3.456%
Phoenix0.5948+3.660%
PhoenixPONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −2.960% | +0.0033% | 1h | $590 | $7K | 5.5x | as long as short |
| OKX PONS-USDT-SWAP | −0.034% | +0.0142% | 4h | $13.2M | $55.6M | 20x | as long as short |
| KuCoin PONSUSDTM | −0.010% | +0.0108% | 4h | $1.7M | $3.3M | 20x | as long as short |
| SoDEX PONS-USD | −0.008% | +0.0100% | 1h | $26K | $507K | 3x | as long as short |
| gTrade (Gains Network) PONS/USD | −0.005% | L +0.0032% / S −0.0032% | 1h | $214K | — | 150x | as long as short |
| Bybit PONSUSDT | 0.000% | +0.0100% | 4h | $17.7M | $30.0M | 20x | as long as short |
| Gate PONS_USDTlong | 0.000% | +0.0100% | 4h | $5.3M | $7.7M | 20x | |
| BingX PONS-USDT | 0.000% | +0.0374% | 4h | — | $3.2M | — | as long as short |
| Aevo PONS-PERP | +0.001% | +0.0168% | 1h | $368 | — | 3x | as long as short |
| Binance PONSUSDT | +0.017% | +0.0356% | 4h | $38.5M | $97.8M | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended PONS-USD | +0.048% | +0.0360% | 1h | $88K | $543K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.051% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| Phemex PONSUSDT | +0.051% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
| Bitget PONSUSDT | +0.058% | +0.0176% | 4h | $4.6M | $11.3M | 20x | as long as short |
| MEXC PONS_USDT | +0.068% | +0.0356% | 4h | $7.3M | $5.2M | 20x | as long as short |
| Aster PONSUSDT | +0.075% | +0.0100% | 4h | $1.1M | $2.1M | 20x | as long as short |
| Nado PONS-PERP | +0.079% | +0.0222% | 1h | $112K | $72K | 5x | as long as short |
| Popdex PONSUSDT | +0.085% | +0.0096% | 1h | $18K | $493K | 20x | as long as short |
| SunX PONS-USDT | +0.086% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| Polymarket Perps PONS-USD | +0.088% | +0.0331% | 1h | $48K | $1.8M | 3x | as long as short |
| Hyperliquid PONS | +0.101% | +0.0256% | 1h | $59.1M | $28.9M | 3x | as long as short |
| Pacifica PONS | +0.105% | +0.0285% | 1h | $49K | $119K | 3x | as long as short |
| Lighter RH PONS | +0.115% | +0.0200% | 1h | $410K | $2.3M | 3x | as long as short |
| Lighter PONS | +0.191% | +0.0632% | 1h | $1.7M | $853K | 3x | as long as short |
| ApeX Omni PONSUSDT | +0.216% | +0.0100% | 1h | $30K | $321K | 5x | as long as short |
| HTX PONS-USDT | +0.313% | +0.0100% | 4h | $63K | $496K | 20x | as long as short |
| BloFin PONS-USDT | +0.321% | +0.0602% | 4h | $1.7M | $975K | 20x | as long as short |
| edgeX PONSUSDC | +0.386% | +0.0395% | 4h | $21K | $291K | 10x | as long as short |
| Variational Omni PONSshort | +0.394% | +0.0143% | 4h | $1.2M | $3.9M | — | |
| Phoenix PONS | +0.592% | +0.1523% | 1h | $24K | $61K | 3x | as long as short |