Spread before costs (cost unknown: a leg has no order-book sample)+0.111%
7d average—if it closes, per $10,000$11funding while held, a day−$16.92
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter PONS | 0.5877 | 0.0664 | pay 0.0083% / 1h | 20m 37s | $1.7M | $855K | 3x |
| Short | Orderly PERP_PONS_USDC_mythos | 0.5884 | 0.0100 | get 0.0050% / 4h | 2h 20m | $2K | $2K | 10x |
Lighter PONS
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
- $11.06
- Funding while held
- −$16.92
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$11.86
- Spread needed to break even
- 0.060%
Slippage unknown: Lighter: live order book, 2 min ago; Orderly: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0564%
- Per $10,000 a day
- −$16.92
- 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 Lighter live order book, 2 min ago | 5.33 bp | 15.4 bp −$15 | 18.3 bp −$183 | 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.Injective0.5738cheapestBybit0.5866+2.231%Aster0.5869+2.280%OKX0.5869+2.283%Popdex0.5869+2.283%BingX0.5870+2.300%Polymarket Perps0.5870+2.300%KuCoin0.5870+2.302%Bitget0.5871+2.321%Pacifica0.5871+2.326%Binance0.5871+2.326%Hyperliquid0.5872+2.335%Extended0.5873+2.352%MEXC0.5873+2.353%Lighter RH0.5873+2.354%Gate0.5876+2.405%SoDEX0.5877+2.422%
Injective
Bybit
Aster
OKX
Popdex
BingX
Polymarket Perps
KuCoin
Bitget
Pacifica
Binance
Hyperliquid
Extended
MEXC
Lighter RH
Gate
SoDEXLighter0.5877+2.424%
Phemex0.5879+2.457%Aevo0.5883+2.525%gTrade (Gains Network)0.5883+2.529%
Phemex
Aevo
gTrade (Gains Network)Orderly0.5884+2.537%
Phoenix0.5885+2.553%Variational Omni0.5890+2.649%ApeX Omni0.5890+2.658%HTX0.5890+2.658%SunX0.5891+2.672%edgeX0.5892+2.687%Nado0.5892+2.690%BloFin0.5901+2.841%
Phoenix
Variational Omni
ApeX Omni
HTX
SunX
Nado
BloFinPONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −2.367% | +0.0033% | 1h | $590 | $7K | 5.5x | as long as short |
| Bybit PONSUSDT | −0.189% | +0.0172% | 4h | $17.6M | $30.2M | 20x | as long as short |
| Aster PONSUSDT | −0.141% | +0.0100% | 4h | $1.1M | $2.1M | 20x | as long as short |
| OKX PONS-USDT-SWAP | −0.138% | +0.0148% | 4h | $13.2M | $55.5M | 20x | as long as short |
| Popdex PONSUSDT | −0.138% | +0.0096% | 1h | $18K | $493K | 20x | as long as short |
| BingX PONS-USDT | −0.121% | +0.0336% | 4h | — | $3.2M | — | as long as short |
| Polymarket Perps PONS-USD | −0.121% | +0.0361% | 1h | $47K | $1.8M | 3x | as long as short |
| KuCoin PONSUSDTM | −0.119% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
| Bitget PONSUSDT | −0.100% | +0.0162% | 4h | $4.5M | $11.4M | 20x | as long as short |
| Pacifica PONS | −0.096% | +0.0285% | 1h | $46K | $122K | 3x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance PONSUSDT | −0.096% | +0.0333% | 4h | $38.2M | $98.0M | 20x | as long as short |
| Hyperliquid PONS | −0.087% | +0.0174% | 1h | $58.8M | $29.1M | 3x | as long as short |
| Extended PONS-USD | −0.070% | +0.0328% | 1h | $88K | $539K | 5x | as long as short |
| MEXC PONS_USDT | −0.070% | +0.0330% | 4h | $7.4M | $5.3M | 20x | as long as short |
| Lighter RH PONS | −0.068% | +0.0096% | 1h | $408K | $2.4M | 3x | as long as short |
| Gate PONS_USDT | −0.019% | +0.0100% | 4h | $5.2M | $7.7M | 20x | as long as short |
| SoDEX PONS-USD | −0.002% | +0.0100% | 1h | $26K | $507K | 3x | as long as short |
| Lighter PONSlong | 0.000% | +0.0664% | 1h | $1.7M | $855K | 3x | |
| Phemex PONSUSDT | +0.032% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
| Aevo PONS-PERP | +0.099% | +0.0160% | 1h | $367 | — | 3x | as long as short |
| gTrade (Gains Network) PONS/USD | +0.102% | L +0.0032% / S −0.0032% | 1h | $214K | — | 150x | as long as short |
| Orderly PERP_PONS_USDC_mythosshort | +0.111% | +0.0100% | 4h | $2K | $2K | 10x | |
| Phoenix PONS | +0.126% | +0.1523% | 1h | $23K | $61K | 3x | as long as short |
| Variational Omni PONS | +0.220% | +0.0124% | 4h | $1.2M | $3.9M | — | as long as short |
| ApeX Omni PONSUSDT | +0.228% | +0.0100% | 1h | $30K | $320K | 5x | as long as short |
| HTX PONS-USDT | +0.228% | +0.0100% | 4h | $62K | $496K | 20x | as long as short |
| SunX PONS-USDT | +0.242% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| edgeX PONSUSDC | +0.257% | +0.0355% | 4h | $21K | $292K | 10x | as long as short |
| Nado PONS-PERP | +0.259% | +0.0100% | 1h | $73K | $94K | 5x | as long as short |
| BloFin PONS-USDT | +0.407% | +0.0570% | 4h | $1.7M | $964K | 20x | as long as short |