After costs, if the gap returns to its 7d average, $10k−$51
spread now−0.010%7d average−0.036%fees + slippage, in and out−$54spread needed0.537%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid PONS | 0.5790 | 0.0116 | pay 0.0015% / 1h | 0m 07s | $57.6M | $29.7M | 3x |
| Short | Bybit PONSUSDT | 0.5789 | 0.0100 | get 0.0050% / 4h | 2h 00m | $17.0M | $31.0M | 20x |
Hyperliquid PONS
Bybit PONSUSDTPrice 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
- −$1.04
- Funding while held
- −$0.49
- Slippage, 4 orders
- −$33.68
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$55.2
- Spread needed to break even
- 0.537%
Slippage from Hyperliquid: live order book, 5 min ago; Bybit: live order book, 5 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0016%
- Per $10,000 a day
- −$0.49
- 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 Hyperliquid live order book, 5 min ago | 2.06 bp | 7.9 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 0.86 bp | 17.4 bp −$17 | 38.6 bp −$386 | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapestAster0.5784+0.809%gTrade (Gains Network)0.5785+0.820%BingX0.5787+0.854%SunX0.5788+0.870%Binance0.5788+0.877%SoDEX0.5788+0.880%KuCoin0.5789+0.885%
Injective
Aster
gTrade (Gains Network)
BingX
SunX
Binance
SoDEX
KuCoinBybit0.5789+0.889%
MEXC0.5789+0.889%Extended0.5789+0.889%Aevo0.5789+0.890%Nado0.5789+0.892%Polymarket Perps0.5789+0.892%
MEXC
Extended
Aevo
Nado
Polymarket PerpsHyperliquid0.5790+0.899%
OKX0.5790+0.906%BloFin0.5790+0.906%Phemex0.5791+0.924%Lighter RH0.5792+0.934%Bitget0.5793+0.957%Popdex0.5793+0.959%Gate0.5795+0.993%Lighter0.5797+1.021%Orderly0.5797+1.025%Variational Omni0.5798+1.047%Pacifica0.5801+1.101%edgeX0.5807+1.210%ApeX Omni0.5813+1.312%HTX0.5814+1.330%Phoenix0.5822+1.459%
OKX
BloFin
Phemex
Lighter RH
Bitget
Popdex
Gate
Lighter
Orderly
Variational Omni
Pacifica
ApeX Omni
HTX
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 | −0.891% | +0.0033% | 1h | $590 | $7K | 5.5x | as long as short |
| Aster PONSUSDT | −0.090% | +0.0100% | 4h | $1.0M | $2.1M | 20x | as long as short |
| gTrade (Gains Network) PONS/USD | −0.079% | L +0.0032% / S −0.0032% | 1h | $209K | — | 150x | as long as short |
| BingX PONS-USDT | −0.045% | +0.0302% | 4h | — | $3.3M | — | as long as short |
| SunX PONS-USDT | −0.029% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| Binance PONSUSDT | −0.022% | +0.0275% | 4h | $37.3M | $99.5M | 20x | as long as short |
| SoDEX PONS-USD | −0.019% | +0.0100% | 1h | $26K | $528K | 3x | as long as short |
| KuCoin PONSUSDTM | −0.014% | +0.0100% | 4h | $1.7M | $3.5M | 20x | as long as short |
| Bybit PONSUSDTshort | −0.010% | +0.0100% | 4h | $17.0M | $31.0M | 20x | |
| MEXC PONS_USDT | −0.010% | +0.0278% | 4h | $6.9M | $5.4M | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended PONS-USD | −0.010% | +0.0272% | 1h | $86K | $545K | 5x | as long as short |
| Aevo PONS-PERP | −0.010% | +0.0152% | 1h | $361 | — | 3x | as long as short |
| Nado PONS-PERP | −0.008% | +0.0100% | 1h | $71K | $95K | 5x | as long as short |
| Polymarket Perps PONS-USD | −0.007% | +0.0343% | 1h | $74K | $1.8M | 3x | as long as short |
| Hyperliquid PONSlong | 0.000% | +0.0116% | 1h | $57.6M | $29.7M | 3x | |
| OKX PONS-USDT-SWAP | +0.007% | +0.0150% | 4h | $12.9M | $55.4M | 20x | as long as short |
| BloFin PONS-USDT | +0.007% | +0.0520% | 4h | $1.7M | $961K | 20x | as long as short |
| Phemex PONSUSDT | +0.024% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
| Lighter RH PONS | +0.035% | +0.0104% | 1h | $402K | $2.4M | 3x | as long as short |
| Bitget PONSUSDT | +0.057% | +0.0128% | 4h | $4.5M | $11.5M | 20x | as long as short |
| Popdex PONSUSDT | +0.059% | +0.0096% | 1h | $18K | $510K | 20x | as long as short |
| Gate PONS_USDT | +0.093% | +0.0100% | 4h | $5.2M | $7.8M | 20x | as long as short |
| Lighter PONS | +0.121% | +0.0600% | 1h | $1.7M | $874K | 3x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.124% | +0.0100% | 4h | $2K | $3K | 10x | as long as short |
| Variational Omni PONS | +0.146% | +0.0100% | 4h | $1.3M | $4.1M | — | as long as short |
| Pacifica PONS | +0.200% | +0.0285% | 1h | $46K | $119K | 3x | as long as short |
| edgeX PONSUSDC | +0.308% | +0.0305% | 4h | $20K | $293K | 10x | as long as short |
| ApeX Omni PONSUSDT | +0.409% | +0.0100% | 1h | $28K | $319K | 5x | as long as short |
| HTX PONS-USDT | +0.427% | +0.0100% | 4h | $61K | $498K | 20x | as long as short |
| Phoenix PONS | +0.554% | +0.1523% | 1h | $23K | $61K | 3x | as long as short |