Spread before costs (cost unknown: a leg has no order-book sample)−0.143%
7d average−0.015%if it closes, per $10,000$14funding while held, a day−$20.21
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid PONS | 0.6229 | 0.1058 | pay 0.0132% / 1h | 11m 18s | $63.3M | $26.7M | 3x |
| Short | Lighter RH PONS | 0.6220 | 0.0384 | get 0.0048% / 1h | 11m 18s | $434K | $2.2M | 3x |
Hyperliquid PONS
Lighter RH 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
- −$14.29
- Funding while held
- −$20.21
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$43.5
- Spread needed to break even
- 0.090%
Slippage unknown: Hyperliquid: live order book, 4 min ago; Lighter RH: live order book, 3 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0674%
- Per $10,000 a day
- −$20.21
- 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, 4 min ago | 2.41 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 3 min ago | 6.04 bp | 7.0 bp −$7 | 40.5 bp −$405 | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapest
Variational Omni0.6203+8.103%BingX0.6209+8.208%BloFin0.6210+8.226%Aster0.6211+8.236%Nado0.6211+8.250%edgeX0.6212+8.268%ApeX Omni0.6213+8.283%gTrade (Gains Network)0.6215+8.307%Phemex0.6217+8.348%Phoenix0.6218+8.362%SoDEX0.6218+8.365%Pacifica0.6219+8.380%Aevo0.6220+8.391%
Injective
Variational Omni
BingX
BloFin
Aster
Nado
ApeX Omni
gTrade (Gains Network)
Phemex
Phoenix
SoDEX
Pacifica
AevoLighter RH0.6220+8.398%
Bybit0.6222+8.435%Extended0.6223+8.444%Binance0.6223+8.452%OKX0.6223+8.452%Popdex0.6223+8.452%KuCoin0.6223+8.459%MEXC0.6224+8.470%Bitget0.6224+8.470%Lighter0.6224+8.473%SunX0.6224+8.479%HTX0.6225+8.482%Gate0.6226+8.505%Orderly0.6226+8.510%Polymarket Perps0.6228+8.547%
Bybit
Extended
Binance
OKX
Popdex
KuCoin
MEXC
Bitget
Lighter
SunX
HTX
Gate
Orderly
Polymarket PerpsHyperliquid0.6229+8.554%
PONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −7.880% | +0.0033% | 1h | $590 | $15K | 5.5x | as long as short |
| Variational Omni PONS | −0.415% | +0.0540% | 4h | $1.7M | $3.5M | — | as long as short |
| BingX PONS-USDT | −0.318% | +0.0626% | 4h | — | $3.1M | — | as long as short |
| BloFin PONS-USDT | −0.302% | +0.0782% | 4h | $1.9M | $912K | 20x | as long as short |
| Aster PONSUSDT | −0.292% | +0.0218% | 4h | $1.1M | $2.2M | 20x | as long as short |
| Nado PONS-PERP | −0.280% | +0.0623% | 1h | $113K | $67K | 5x | as long as short |
| edgeX PONSUSDC | −0.263% | +0.0545% | 4h | $21K | $288K | 10x | as long as short |
| ApeX Omni PONSUSDT | −0.249% | +0.0100% | 1h | $39K | $318K | 5x | as long as short |
| gTrade (Gains Network) PONS/USD | −0.227% | L +0.0032% / S −0.0031% | 1h | $224K | — | 150x | as long as short |
| Phemex PONSUSDT | −0.189% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix PONS | −0.177% | +0.1489% | 1h | $25K | $51K | 3x | as long as short |
| SoDEX PONS-USD | −0.173% | +0.0100% | 1h | $28K | $467K | 3x | as long as short |
| Pacifica PONS | −0.160% | +0.0472% | 1h | $50K | $166K | 3x | as long as short |
| Aevo PONS-PERP | −0.149% | +0.0216% | 1h | $387 | — | 3x | as long as short |
| Lighter RH PONSshort | −0.143% | +0.0384% | 1h | $434K | $2.2M | 3x | |
| Bybit PONSUSDT | −0.109% | +0.0643% | 4h | $19.9M | $27.2M | 20x | as long as short |
| Extended PONS-USD | −0.101% | +0.0544% | 1h | $93K | $533K | 5x | as long as short |
| Binance PONSUSDT | −0.093% | +0.0543% | 4h | $41.4M | $92.4M | 20x | as long as short |
| OKX PONS-USDT-SWAP | −0.093% | +0.0144% | 4h | $14.4M | $54.8M | 20x | as long as short |
| Popdex PONSUSDT | −0.093% | +0.0096% | 1h | $19K | $456K | 20x | as long as short |
| KuCoin PONSUSDTM | −0.087% | +0.0322% | 4h | $1.8M | $3.1M | 20x | as long as short |
| MEXC PONS_USDT | −0.077% | +0.0542% | 4h | $7.9M | $5.1M | 20x | as long as short |
| Bitget PONSUSDT | −0.077% | +0.0396% | 4h | $4.8M | $10.7M | 20x | as long as short |
| Lighter PONS | −0.074% | +0.1064% | 1h | $1.8M | $772K | 3x | as long as short |
| SunX PONS-USDT | −0.069% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| HTX PONS-USDT | −0.066% | +0.0100% | 4h | $66K | $496K | 20x | as long as short |
| Gate PONS_USDT | −0.045% | −0.0104% | 4h | $5.5M | $7.3M | 20x | as long as short |
| Orderly PERP_PONS_USDC_mythos | −0.040% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| Polymarket Perps PONS-USD | −0.006% | +0.0556% | 1h | $67K | $1.8M | 3x | as long as short |
| Hyperliquid PONSlong | 0.000% | +0.1058% | 1h | $63.3M | $26.7M | 3x |