Spread before costs (cost unknown: a leg has no order-book sample)+0.139%
7d average−0.059%if it closes, per $10,000$14funding while held, a day−$16.93
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid PONS | 0.5790 | 0.0664 | pay 0.0083% / 1h | 59m 42s | $57.6M | $29.8M | 3x |
| Short | Variational Omni PONS | 0.5798 | 0.0100 | get 0.0050% / 4h | 1h 59m | $1.3M | $4.1M | — |
Hyperliquid PONS
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
- $13.9
- Funding while held
- −$16.93
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$12.02
- Spread needed to break even
- 0.090%
Slippage unknown: Hyperliquid: live order book, 5 min ago; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0564%
- Per $10,000 a day
- −$16.93
- 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 Variational Omni RFQ quote, 1 min ago | 5.17 bp | doesn't fit | 46.5 bp −$465 | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapestgTrade (Gains Network)0.5785+0.820%SunX0.5788+0.870%SoDEX0.5788+0.880%Aevo0.5789+0.890%Nado0.5789+0.892%Polymarket Perps0.5789+0.892%
Injective
gTrade (Gains Network)
SunX
SoDEX
Aevo
Nado
Polymarket PerpsHyperliquid0.5790+0.906%
BloFin0.5790+0.906%Phemex0.5791+0.924%Aster0.5793+0.950%Popdex0.5793+0.959%KuCoin0.5793+0.964%Lighter RH0.5794+0.967%Binance0.5794+0.980%Extended0.5794+0.981%Pacifica0.5795+0.985%Gate0.5795+0.993%BingX0.5795+0.993%Lighter0.5796+1.002%Orderly0.5797+1.025%Bybit0.5798+1.046%MEXC0.5798+1.046%
BloFin
Phemex
Aster
Popdex
KuCoin
Lighter RH
Binance
Extended
Pacifica
Gate
BingX
Lighter
Orderly
Bybit
MEXCVariational Omni0.5798+1.047%
Bitget0.5799+1.065%OKX0.5803+1.133%edgeX0.5807+1.210%ApeX Omni0.5813+1.312%HTX0.5814+1.330%Phoenix0.5822+1.459%
Bitget
OKX
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 | −0.898% | +0.0033% | 1h | $590 | $7K | 5.5x | as long as short |
| gTrade (Gains Network) PONS/USD | −0.085% | L +0.0032% / S −0.0032% | 1h | $209K | — | 150x | as long as short |
| SunX PONS-USDT | −0.036% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| SoDEX PONS-USD | −0.026% | +0.0100% | 1h | $26K | $528K | 3x | as long as short |
| Aevo PONS-PERP | −0.017% | +0.0152% | 1h | $361 | — | 3x | as long as short |
| Nado PONS-PERP | −0.015% | +0.0100% | 1h | $71K | $95K | 5x | as long as short |
| Polymarket Perps PONS-USD | −0.014% | +0.0343% | 1h | $74K | $1.8M | 3x | as long as short |
| Hyperliquid PONSlong | 0.000% | +0.0664% | 1h | $57.6M | $29.8M | 3x | |
| BloFin PONS-USDT | 0.000% | +0.0520% | 4h | $1.7M | $961K | 20x | as long as short |
| Phemex PONSUSDT | +0.017% | +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 | |
|---|---|---|---|---|---|---|---|
| Aster PONSUSDT | +0.043% | +0.0100% | 4h | $1.0M | $2.1M | 20x | as long as short |
| Popdex PONSUSDT | +0.052% | +0.0096% | 1h | $18K | $510K | 20x | as long as short |
| KuCoin PONSUSDTM | +0.057% | +0.0100% | 4h | $1.7M | $3.5M | 20x | as long as short |
| Lighter RH PONS | +0.060% | +0.0104% | 1h | $402K | $2.3M | 3x | as long as short |
| Binance PONSUSDT | +0.073% | +0.0273% | 4h | $37.3M | $99.7M | 20x | as long as short |
| Extended PONS-USD | +0.074% | +0.0272% | 1h | $86K | $545K | 5x | as long as short |
| Pacifica PONS | +0.078% | +0.0285% | 1h | $46K | $119K | 3x | as long as short |
| Gate PONS_USDT | +0.086% | +0.0078% | 4h | $5.2M | $7.2M | 20x | as long as short |
| BingX PONS-USDT | +0.086% | +0.0296% | 4h | — | $3.3M | — | as long as short |
| Lighter PONS | +0.095% | +0.0584% | 1h | $1.7M | $867K | 3x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.117% | +0.0100% | 4h | $2K | $3K | 10x | as long as short |
| Bybit PONSUSDT | +0.138% | +0.0100% | 4h | $17.0M | $31.1M | 20x | as long as short |
| MEXC PONS_USDT | +0.138% | +0.0274% | 4h | $6.9M | $5.3M | 20x | as long as short |
| Variational Omni PONSshort | +0.139% | +0.0100% | 4h | $1.3M | $4.1M | — | |
| Bitget PONSUSDT | +0.157% | +0.0124% | 4h | $4.5M | $11.5M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.225% | +0.0150% | 4h | $13.0M | $55.5M | 20x | as long as short |
| edgeX PONSUSDC | +0.301% | +0.0305% | 4h | $20K | $293K | 10x | as long as short |
| ApeX Omni PONSUSDT | +0.402% | +0.0100% | 1h | $28K | $319K | 5x | as long as short |
| HTX PONS-USDT | +0.420% | +0.0100% | 4h | $61K | $498K | 20x | as long as short |
| Phoenix PONS | +0.547% | +0.1523% | 1h | $23K | $61K | 3x | as long as short |