Spread before costs (cost unknown: a leg has no order-book sample)−0.590%
7d average—if it closes, per $10,000$59funding while held, a day+$37.57
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective PONS/USDC PERP | 0.5863 | −0.0008 | get 0.0001% / 1h | 54m 58s | $603 | $6K | 5.5x |
| Short | Phoenix PONS | 0.5828 | 0.1244 | get 0.0155% / 1h | 54m 58s | $27K | $80K | 3x |
Injective PONS/USDC PERP
Phoenix 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
- −$59.02
- Funding while held
- $37.57
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$28.47
- Spread needed to break even
- 0.070%
Slippage unknown: Injective: no order-book sample; Phoenix: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.1252%
- Per $10,000 a day
- +$37.57
- 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 Phoenix no order-book sample | — | — | — | — | — |
Injective and Phoenix: 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.Pacifica0.5825cheapestSunX0.5827+0.039%Nado0.5827+0.046%Aster0.5828+0.057%
Pacifica
SunX
Nado
AsterPhoenix0.5828+0.061%
Polymarket Perps0.5829+0.068%Popdex0.5829+0.073%Phemex0.5829+0.073%Variational Omni0.5830+0.083%Lighter RH0.5831+0.106%Aevo0.5833+0.135%Gate0.5834+0.159%KuCoin0.5835+0.168%Bitget0.5835+0.171%gTrade (Gains Network)0.5835+0.175%Bybit0.5835+0.176%Orderly0.5837+0.202%BloFin0.5837+0.211%OKX0.5838+0.228%MEXC0.5838+0.228%Binance0.5839+0.242%BingX0.5839+0.245%Lighter0.5839+0.248%Extended0.5840+0.255%Hyperliquid0.5840+0.257%SoDEX0.5840+0.264%ApeX Omni0.5840+0.269%HTX0.5854+0.499%edgeX0.5854+0.502%
Polymarket Perps
Popdex
Phemex
Variational Omni
Lighter RH
Aevo
Gate
KuCoin
Bitget
gTrade (Gains Network)
Bybit
Orderly
BloFin
OKX
MEXC
Binance
BingX
Lighter
Extended
Hyperliquid
SoDEX
ApeX Omni
HTXInjective0.5863+0.655%
PONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Pacifica PONS | −0.651% | +0.0150% | 1h | $46K | $115K | 3x | as long as short |
| SunX PONS-USDT | −0.612% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| Nado PONS-PERP | −0.606% | +0.0100% | 1h | $72K | $95K | 5x | as long as short |
| Aster PONSUSDT | −0.595% | +0.0111% | 4h | $1.1M | $2.1M | 20x | as long as short |
| Phoenix PONSshort | −0.590% | +0.1244% | 1h | $27K | $80K | 3x | |
| Polymarket Perps PONS-USD | −0.583% | +0.0459% | 1h | $51K | $1.8M | 3x | as long as short |
| Popdex PONSUSDT | −0.578% | +0.0096% | 1h | $20K | $497K | 20x | as long as short |
| Phemex PONSUSDT | −0.578% | +0.0100% | 4h | $1.6M | $3.3M | 20x | as long as short |
| Variational Omni PONS | −0.568% | +0.0100% | 4h | $1.2M | $4.1M | — | as long as short |
| Lighter RH PONS | −0.546% | +0.0096% | 1h | $407K | $2.3M | 3x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aevo PONS-PERP | −0.517% | +0.0144% | 1h | $363 | — | 3x | as long as short |
| Gate PONS_USDT | −0.493% | −0.0062% | 4h | $5.2M | $7.1M | 20x | as long as short |
| KuCoin PONSUSDTM | −0.484% | +0.0100% | 4h | $1.7M | $3.5M | 20x | as long as short |
| Bitget PONSUSDT | −0.481% | +0.0138% | 4h | $4.6M | $11.5M | 20x | as long as short |
| gTrade (Gains Network) PONS/USD | −0.477% | L +0.0032% / S −0.0032% | 1h | $211K | — | 150x | as long as short |
| Bybit PONSUSDT | −0.476% | +0.0100% | 4h | $17.2M | $31.2M | 20x | as long as short |
| Orderly PERP_PONS_USDC_mythos | −0.450% | +0.0100% | 4h | $2K | $3K | 10x | as long as short |
| BloFin PONS-USDT | −0.442% | +0.0472% | 4h | $1.7M | $967K | 20x | as long as short |
| OKX PONS-USDT-SWAP | −0.425% | +0.0165% | 4h | $13.0M | $55.4M | 20x | as long as short |
| MEXC PONS_USDT | −0.425% | +0.0236% | 4h | $7.1M | $5.2M | 20x | as long as short |
| Binance PONSUSDT | −0.411% | +0.0232% | 4h | $37.8M | $99.1M | 20x | as long as short |
| BingX PONS-USDT | −0.408% | +0.0250% | 4h | — | $3.2M | — | as long as short |
| Lighter PONS | −0.404% | +0.0656% | 1h | $1.7M | $867K | 3x | as long as short |
| Extended PONS-USD | −0.397% | +0.0232% | 1h | $87K | $535K | 5x | as long as short |
| Hyperliquid PONS | −0.396% | +0.0100% | 1h | $58.1M | $29.9M | 3x | as long as short |
| SoDEX PONS-USD | −0.389% | +0.0100% | 1h | $27K | $532K | 3x | as long as short |
| ApeX Omni PONSUSDT | −0.384% | +0.0100% | 1h | $34K | $316K | 5x | as long as short |
| HTX PONS-USDT | −0.155% | +0.0100% | 4h | $63K | $504K | 20x | as long as short |
| edgeX PONSUSDC | −0.152% | +0.0251% | 4h | $20K | $291K | 10x | as long as short |
| Injective PONS/USDC PERPlong | 0.000% | −0.0008% | 1h | $603 | $6K | 5.5x |