Spread before costs (cost unknown: a leg has no order-book sample)+4.148%
7d average—if it closes, per $10,000$415funding while held, a day+$14.14
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective PONS/USDC PERP | 0.5738 | 0.0033 | pay 0.0004% / 1h | 17m 01s | $590 | $11K | 5.5x |
| Short | Phemex PONSUSDT | 0.5976 | 0.0505 | get 0.0252% / 4h | 3h 17m | $1.7M | $3.3M | 20x |
Injective PONS/USDC PERP
Phemex 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
- $414.78
- Funding while held
- $14.14
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- $416.9
- Spread needed to break even
- 0.120%
Slippage unknown: Injective: no order-book sample; Phemex: live order book, 3 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0471%
- Per $10,000 a day
- +$14.14
- 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 Injective no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 3 min ago | 0.83 bp | 82.7 bp −$83 | doesn't fit | doesn't fit | doesn't fit |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapest
KuCoin0.5942+3.557%OKX0.5944+3.590%Gate0.5944+3.590%Bybit0.5945+3.608%Bitget0.5945+3.614%Binance0.5946+3.619%Extended0.5948+3.659%MEXC0.5949+3.677%BingX0.5950+3.695%Aster0.5956+3.805%ApeX Omni0.5959+3.850%SunX0.5960+3.862%Nado0.5966+3.965%Pacifica0.5967+3.990%Polymarket Perps0.5969+4.022%Popdex0.5970+4.043%edgeX0.5971+4.068%gTrade (Gains Network)0.5972+4.075%Aevo0.5972+4.078%Orderly0.5974+4.106%HTX0.5975+4.125%
KuCoin
OKX
Gate
Bybit
Bitget
Binance
Extended
MEXC
BingX
Aster
ApeX Omni
SunX
Nado
Pacifica
Polymarket Perps
Popdex
gTrade (Gains Network)
Aevo
Orderly
HTXPhemex0.5976+4.148%
BloFin0.5976+4.148%SoDEX0.5978+4.191%Lighter RH0.5979+4.198%Hyperliquid0.5979+4.200%Lighter0.5982+4.251%Phoenix0.5990+4.387%
BloFin
SoDEX
Lighter RH
Hyperliquid
Lighter
PhoenixVariational Omni0.6090+6.130%
Variational OmniPONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERPlong | 0.000% | +0.0033% | 1h | $590 | $11K | 5.5x | |
| KuCoin PONSUSDTM | +3.557% | +0.0206% | 4h | $1.7M | $3.2M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +3.590% | +0.0138% | 4h | $13.4M | $54.0M | 20x | as long as short |
| Gate PONS_USDT | +3.590% | −0.0614% | 4h | $5.4M | $7.6M | 20x | as long as short |
| Bybit PONSUSDT | +3.608% | +0.0214% | 4h | $18.2M | $29.0M | 20x | as long as short |
| Bitget PONSUSDT | +3.614% | +0.0228% | 4h | $4.6M | $11.1M | 20x | as long as short |
| Binance PONSUSDT | +3.619% | +0.0388% | 4h | $39.1M | $96.3M | 20x | as long as short |
| Extended PONS-USD | +3.659% | +0.0392% | 1h | $89K | $546K | 5x | as long as short |
| MEXC PONS_USDT | +3.677% | +0.0392% | 4h | $7.2M | $5.2M | 20x | as long as short |
| BingX PONS-USDT | +3.695% | +0.0434% | 4h | — | $3.2M | — | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aster PONSUSDT | +3.805% | +0.0100% | 4h | $1.1M | $2.1M | 20x | as long as short |
| ApeX Omni PONSUSDT | +3.850% | +0.0100% | 1h | $29K | $321K | 5x | as long as short |
| SunX PONS-USDT | +3.862% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| Nado PONS-PERP | +3.965% | +0.0296% | 1h | $108K | $68K | 5x | as long as short |
| Pacifica PONS | +3.990% | +0.0616% | 1h | $49K | $123K | 3x | as long as short |
| Polymarket Perps PONS-USD | +4.022% | +0.0510% | 1h | $50K | $1.8M | 3x | as long as short |
| Popdex PONSUSDT | +4.043% | +0.0096% | 1h | $19K | $493K | 20x | as long as short |
| edgeX PONSUSDC | +4.068% | +0.0434% | 4h | $21K | $293K | 10x | as long as short |
| gTrade (Gains Network) PONS/USD | +4.075% | L +0.0032% / S −0.0031% | 1h | $215K | — | 150x | as long as short |
| Aevo PONS-PERP | +4.078% | +0.0192% | 1h | $372 | — | 3x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +4.106% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| HTX PONS-USDT | +4.125% | +0.0100% | 4h | $63K | $495K | 20x | as long as short |
| Phemex PONSUSDTshort | +4.148% | +0.0505% | 4h | $1.7M | $3.3M | 20x | |
| BloFin PONS-USDT | +4.148% | +0.0628% | 4h | $1.8M | $958K | 20x | as long as short |
| SoDEX PONS-USD | +4.191% | +0.0100% | 1h | $26K | $501K | 3x | as long as short |
| Lighter RH PONS | +4.198% | +0.0728% | 1h | $419K | $2.3M | 3x | as long as short |
| Hyperliquid PONS | +4.200% | +0.0436% | 1h | $59.9M | $28.1M | 3x | as long as short |
| Lighter PONS | +4.251% | +0.1248% | 1h | $1.7M | $793K | 3x | as long as short |
| Phoenix PONS | +4.387% | +0.1528% | 1h | $24K | $61K | 3x | as long as short |
| Variational Omni PONS | +6.130% | +0.0403% | 4h | $1.3M | $3.7M | — | as long as short |