Spread before costs (cost unknown: a leg has no order-book sample)−0.017%
7d average+0.007%if it closes, per $10,000$2funding while held, a day−$8.15
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid PONS | 0.6387 | 0.1168 | pay 0.0146% / 1h | 57m 59s | $64.7M | $25.1M | 3x |
| Short | Lighter PONS | 0.6386 | 0.0896 | get 0.0112% / 1h | 57m 59s | $1.8M | $726K | 3x |
Hyperliquid PONS
Lighter 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
- −$1.72
- Funding while held
- −$8.15
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$18.87
- Spread needed to break even
- 0.090%
Slippage unknown: Hyperliquid: live order book, 7 min ago; Lighter: live order book, 5 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0272%
- Per $10,000 a day
- −$8.15
- 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, 7 min ago | 1.18 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 5 min ago | 3.98 bp | 11.6 bp −$12 | 28.0 bp −$280 | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapest
gTrade (Gains Network)0.6372+11.054%Nado0.6373+11.067%Popdex0.6374+11.084%Pacifica0.6374+11.092%Polymarket Perps0.6376+11.114%BingX0.6377+11.136%Phemex0.6378+11.154%Aster0.6379+11.164%Gate0.6379+11.171%OKX0.6380+11.189%Extended0.6381+11.197%KuCoin0.6381+11.199%Lighter RH0.6383+11.236%Bybit0.6383+11.241%SoDEX0.6383+11.241%MEXC0.6385+11.276%Bitget0.6385+11.276%SunX0.6385+11.276%
Injective
gTrade (Gains Network)
Nado
Popdex
Pacifica
Polymarket Perps
BingX
Phemex
Aster
Gate
OKX
Extended
KuCoin
Lighter RH
Bybit
SoDEX
MEXC
Bitget
SunXLighter0.6386+11.293%
Binance0.6387+11.305%Orderly0.6387+11.307%
Binance
OrderlyHyperliquid0.6387+11.312%
Variational Omni0.6390+11.358%BloFin0.6390+11.363%edgeX0.6391+11.376%ApeX Omni0.6392+11.398%Phoenix0.6393+11.419%HTX0.6397+11.488%Aevo0.6408+11.670%
Variational Omni
BloFin
ApeX Omni
Phoenix
HTX
AevoPONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −10.163% | +0.0033% | 1h | $590 | $15K | 5.5x | as long as short |
| gTrade (Gains Network) PONS/USD | −0.232% | L +0.0032% / S −0.0030% | 1h | $234K | — | 150x | as long as short |
| Nado PONS-PERP | −0.221% | +0.0851% | 1h | $117K | $64K | 5x | as long as short |
| Popdex PONSUSDT | −0.205% | +0.0096% | 1h | $20K | $475K | 20x | as long as short |
| Pacifica PONS | −0.198% | +0.0858% | 1h | $49K | $165K | 3x | as long as short |
| Polymarket Perps PONS-USD | −0.178% | +0.0591% | 1h | $65K | $1.7M | 3x | as long as short |
| BingX PONS-USDT | −0.158% | +0.0752% | 4h | — | $2.9M | — | as long as short |
| Phemex PONSUSDT | −0.142% | +0.0100% | 4h | $1.8M | $3.4M | 20x | as long as short |
| Aster PONSUSDT | −0.133% | +0.0465% | 4h | $1.1M | $2.2M | 20x | as long as short |
| Gate PONS_USDT | −0.127% | +0.1488% | 4h | $5.7M | $7.0M | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| OKX PONS-USDT-SWAP | −0.111% | +0.0238% | 4h | $15.3M | $57.7M | 20x | as long as short |
| Extended PONS-USD | −0.103% | +0.0712% | 1h | $227K | $407K | 5x | as long as short |
| KuCoin PONSUSDTM | −0.102% | +0.0578% | 4h | $2.2M | $2.1M | 20x | as long as short |
| Lighter RH PONS | −0.069% | +0.0856% | 1h | $459K | $2.1M | 3x | as long as short |
| Bybit PONSUSDT | −0.064% | +0.0716% | 4h | $20.4M | $26.0M | 20x | as long as short |
| SoDEX PONS-USD | −0.064% | +0.0100% | 1h | $29K | $458K | 3x | as long as short |
| MEXC PONS_USDT | −0.033% | +0.0718% | 4h | $8.2M | $4.8M | 20x | as long as short |
| Bitget PONSUSDT | −0.033% | +0.0778% | 4h | $5.1M | $10.2M | 20x | as long as short |
| SunX PONS-USDT | −0.033% | +0.0100% | 4h | — | $1.2M | 10x | as long as short |
| Lighter PONSshort | −0.017% | +0.0896% | 1h | $1.8M | $726K | 3x | |
| Binance PONSUSDT | −0.007% | +0.0710% | 4h | $43.0M | $92.4M | 20x | as long as short |
| Orderly PERP_PONS_USDC_mythos | −0.005% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| Hyperliquid PONSlong | 0.000% | +0.1168% | 1h | $64.7M | $25.1M | 3x | |
| Variational Omni PONS | +0.041% | +0.0546% | 4h | $1.8M | $3.3M | — | as long as short |
| BloFin PONS-USDT | +0.045% | +0.0960% | 4h | $1.9M | $904K | 20x | as long as short |
| edgeX PONSUSDC | +0.057% | +0.0733% | 4h | $22K | $291K | 10x | as long as short |
| ApeX Omni PONSUSDT | +0.077% | +0.0100% | 1h | $40K | $320K | 5x | as long as short |
| Phoenix PONS | +0.096% | +0.1558% | 1h | $26K | $45K | 3x | as long as short |
| HTX PONS-USDT | +0.158% | +0.0100% | 4h | $67K | $491K | 20x | as long as short |
| Aevo PONS-PERP | +0.322% | +0.0264% | 1h | $399 | — | 3x | as long as short |