Spread before costs (cost unknown: a leg has no order-book sample)−0.083%
7d average—if it closes, per $10,000$8funding while held, a day−$14.28
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin PONSUSDTM | 0.6388 | 0.0576 | pay 0.0288% / 4h | 1h 33m | $2.3M | $2.1M | 20x |
| Short | Orderly PERP_PONS_USDC_mythos | 0.6382 | 0.0100 | get 0.0050% / 4h | 1h 33m | $2K | $2K | 10x |
KuCoin PONSUSDTM
Orderly PERP_PONS_USDC_mythosPrice 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
- −$8.3
- Funding while held
- −$14.28
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$40.58
- Spread needed to break even
- 0.180%
Slippage unknown: KuCoin: live order book, 10 min ago; Orderly: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0476%
- Per $10,000 a day
- −$14.28
- 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 KuCoin live order book, 10 min ago | 3.06 bp | 29.1 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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
BingX0.6369+10.997%gTrade (Gains Network)0.6372+11.045%Phemex0.6374+11.084%Bybit0.6376+11.119%SoDEX0.6376+11.126%Aevo0.6378+11.145%Bitget0.6378+11.147%Binance0.6378+11.148%Lighter RH0.6378+11.154%MEXC0.6378+11.154%OKX0.6379+11.171%Extended0.6381+11.202%Gate0.6381+11.206%SunX0.6381+11.206%
Injective
BingX
gTrade (Gains Network)
Phemex
Bybit
SoDEX
Aevo
Bitget
Binance
Lighter RH
MEXC
OKX
Extended
Gate
SunXOrderly0.6382+11.227%
Aster0.6383+11.237%Polymarket Perps0.6384+11.257%Popdex0.6384+11.258%Lighter0.6384+11.267%Hyperliquid0.6386+11.286%BloFin0.6387+11.311%
Aster
Polymarket Perps
Popdex
Lighter
Hyperliquid
BloFinKuCoin0.6388+11.319%
Pacifica0.6389+11.346%Nado0.6390+11.364%Variational Omni0.6397+11.484%Phoenix0.6400+11.528%ApeX Omni0.6404+11.607%HTX0.6404+11.610%edgeX0.6408+11.684%
Pacifica
Nado
Variational Omni
Phoenix
ApeX Omni
HTXPONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −10.168% | +0.0033% | 1h | $590 | $15K | 5.5x | as long as short |
| BingX PONS-USDT | −0.290% | +0.0678% | 4h | — | $2.9M | — | as long as short |
| gTrade (Gains Network) PONS/USD | −0.246% | L +0.0032% / S −0.0032% | 1h | $228K | — | 150x | as long as short |
| Phemex PONSUSDT | −0.211% | +0.0100% | 4h | $1.8M | $3.4M | 20x | as long as short |
| Bybit PONSUSDT | −0.180% | +0.0638% | 4h | $20.4M | $26.1M | 20x | as long as short |
| SoDEX PONS-USD | −0.174% | +0.0100% | 1h | $29K | $462K | 3x | as long as short |
| Aevo PONS-PERP | −0.157% | +0.0256% | 1h | $397 | — | 3x | as long as short |
| Bitget PONSUSDT | −0.155% | +0.0692% | 4h | $5.1M | $10.4M | 20x | as long as short |
| Binance PONSUSDT | −0.154% | +0.0687% | 4h | $42.9M | $92.6M | 20x | as long as short |
| Lighter RH PONS | −0.149% | +0.0368% | 1h | $447K | $2.2M | 3x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| MEXC PONS_USDT | −0.149% | +0.0698% | 4h | $8.1M | $4.9M | 20x | as long as short |
| OKX PONS-USDT-SWAP | −0.133% | +0.0192% | 4h | $15.2M | $56.7M | 20x | as long as short |
| Extended PONS-USD | −0.106% | +0.0688% | 1h | $162K | $463K | 5x | as long as short |
| Gate PONS_USDT | −0.102% | +0.0980% | 4h | $5.7M | $7.1M | 20x | as long as short |
| SunX PONS-USDT | −0.102% | +0.0100% | 4h | — | $1.2M | 10x | as long as short |
| Orderly PERP_PONS_USDC_mythosshort | −0.083% | +0.0100% | 4h | $2K | $2K | 10x | |
| Aster PONSUSDT | −0.073% | +0.0435% | 4h | $1.1M | $2.2M | 20x | as long as short |
| Polymarket Perps PONS-USD | −0.056% | +0.0496% | 1h | $64K | $1.7M | 3x | as long as short |
| Popdex PONSUSDT | −0.055% | +0.0096% | 1h | $20K | $470K | 20x | as long as short |
| Lighter PONS | −0.047% | +0.0824% | 1h | $1.8M | $729K | 3x | as long as short |
| Hyperliquid PONS | −0.030% | +0.0979% | 1h | $64.8M | $25.3M | 3x | as long as short |
| BloFin PONS-USDT | −0.008% | +0.0927% | 4h | $1.9M | $912K | 20x | as long as short |
| KuCoin PONSUSDTMlong | 0.000% | +0.0576% | 4h | $2.3M | $2.1M | 20x | |
| Pacifica PONS | +0.024% | +0.0858% | 1h | $49K | $166K | 3x | as long as short |
| Nado PONS-PERP | +0.040% | +0.0442% | 1h | $117K | $67K | 5x | as long as short |
| Variational Omni PONS | +0.148% | +0.0500% | 4h | $1.8M | $3.3M | — | as long as short |
| Phoenix PONS | +0.188% | +0.1767% | 1h | $26K | $45K | 3x | as long as short |
| ApeX Omni PONSUSDT | +0.258% | +0.0100% | 1h | $40K | $317K | 5x | as long as short |
| HTX PONS-USDT | +0.261% | +0.0100% | 4h | $67K | $491K | 20x | as long as short |
| edgeX PONSUSDC | +0.327% | +0.0701% | 4h | $22K | $288K | 10x | as long as short |