Spread before costs (cost unknown: a leg has no order-book sample)+0.115%
7d average—if it closes, per $10,000$12funding while held, a day+$3.25
| 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 | 57m 08s | $603 | $6K | 5.5x |
| Short | Variational Omni PONS | 0.5870 | 0.0100 | get 0.0050% / 4h | 57m 08s | $1.2M | $4.1M | — |
Injective PONS/USDC PERP
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
- $11.51
- Funding while held
- $3.25
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $14.74
- Spread needed to break even
- 0.000%
Slippage unknown: Injective: no order-book sample; Variational Omni: RFQ quote, 3 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0108%
- Per $10,000 a day
- +$3.25
- 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 Variational Omni RFQ quote, 3 min ago | 4.28 bp | doesn't fit | 33.3 bp −$333 | 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.OKX0.5831cheapestgTrade (Gains Network)0.5832+0.016%Bybit0.5832+0.017%BingX0.5833+0.034%Phemex0.5833+0.034%Binance0.5834+0.051%KuCoin0.5835+0.063%Hyperliquid0.5835+0.064%Nado0.5835+0.066%Polymarket Perps0.5835+0.067%Aster0.5835+0.070%Lighter RH0.5835+0.072%Bitget0.5835+0.072%SoDEX0.5836+0.077%Popdex0.5836+0.086%MEXC0.5836+0.086%SunX0.5837+0.105%Extended0.5837+0.111%Aevo0.5838+0.116%Gate0.5838+0.120%Lighter0.5840+0.159%Pacifica0.5842+0.193%Orderly0.5843+0.211%BloFin0.5846+0.257%Phoenix0.5849+0.307%HTX0.5850+0.321%ApeX Omni0.5851+0.348%edgeX0.5854+0.394%
OKX
gTrade (Gains Network)
Bybit
BingX
Phemex
Binance
KuCoin
Hyperliquid
Nado
Polymarket Perps
Aster
Lighter RH
Bitget
SoDEX
Popdex
MEXC
SunX
Extended
Aevo
Gate
Lighter
Pacifica
Orderly
BloFin
Phoenix
HTX
ApeX OmniInjective0.5863+0.547%
Variational Omni0.5870+0.663%
PONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| OKX PONS-USDT-SWAP | −0.544% | +0.0168% | 4h | $13.0M | $55.4M | 20x | as long as short |
| gTrade (Gains Network) PONS/USD | −0.528% | L +0.0032% / S −0.0032% | 1h | $211K | — | 150x | as long as short |
| Bybit PONSUSDT | −0.527% | +0.0100% | 4h | $17.2M | $31.2M | 20x | as long as short |
| BingX PONS-USDT | −0.510% | +0.0252% | 4h | — | $3.2M | — | as long as short |
| Phemex PONSUSDT | −0.510% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
| Binance PONSUSDT | −0.493% | +0.0237% | 4h | $37.8M | $99.2M | 20x | as long as short |
| KuCoin PONSUSDTM | −0.481% | +0.0100% | 4h | $1.7M | $3.5M | 20x | as long as short |
| Hyperliquid PONS | −0.480% | +0.0100% | 1h | $58.1M | $29.9M | 3x | as long as short |
| Nado PONS-PERP | −0.478% | +0.0100% | 1h | $72K | $95K | 5x | as long as short |
| Polymarket Perps PONS-USD | −0.478% | +0.0491% | 1h | $52K | $1.8M | 3x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aster PONSUSDT | −0.474% | +0.0113% | 4h | $1.1M | $2.1M | 20x | as long as short |
| Lighter RH PONS | −0.472% | +0.0096% | 1h | $416K | $2.3M | 3x | as long as short |
| Bitget PONSUSDT | −0.472% | +0.0140% | 4h | $4.6M | $11.5M | 20x | as long as short |
| SoDEX PONS-USD | −0.467% | +0.0100% | 1h | $27K | $532K | 3x | as long as short |
| Popdex PONSUSDT | −0.459% | +0.0096% | 1h | $20K | $497K | 20x | as long as short |
| MEXC PONS_USDT | −0.459% | +0.0240% | 4h | $7.1M | $5.2M | 20x | as long as short |
| SunX PONS-USDT | −0.440% | +0.0100% | 4h | — | $1.3M | 10x | as long as short |
| Extended PONS-USD | −0.434% | +0.0240% | 1h | $87K | $535K | 5x | as long as short |
| Aevo PONS-PERP | −0.428% | +0.0144% | 1h | $364 | — | 3x | as long as short |
| Gate PONS_USDT | −0.425% | −0.0028% | 4h | $5.2M | $7.1M | 20x | as long as short |
| Lighter PONS | −0.385% | +0.0360% | 1h | $1.7M | $867K | 3x | as long as short |
| Pacifica PONS | −0.352% | +0.0150% | 1h | $46K | $115K | 3x | as long as short |
| Orderly PERP_PONS_USDC_mythos | −0.334% | +0.0100% | 4h | $2K | $3K | 10x | as long as short |
| BloFin PONS-USDT | −0.288% | +0.0477% | 4h | $1.7M | $965K | 20x | as long as short |
| Phoenix PONS | −0.239% | +0.1244% | 1h | $27K | $70K | 3x | as long as short |
| HTX PONS-USDT | −0.225% | +0.0100% | 4h | $63K | $503K | 20x | as long as short |
| ApeX Omni PONSUSDT | −0.198% | +0.0100% | 1h | $34K | $315K | 5x | 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 | |
| Variational Omni PONSshort | +0.115% | +0.0100% | 4h | $1.2M | $4.1M | — |