Spread before costs (cost unknown: a leg has no order-book sample)−7.868%
7d average—if it closes, per $10,000$787funding while held, a day−$17.96
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH PONS | 0.6228 | 0.0632 | pay 0.0079% / 1h | 56m 44s | $432K | $2.2M | 3x |
| Short | Injective PONS/USDC PERP | 0.5738 | 0.0033 | get 0.0004% / 1h | 56m 44s | $590 | $11K | 5.5x |
Lighter RH PONS
Injective PONS/USDC PERPPrice 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
- −$786.77
- Funding while held
- −$17.96
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$804.75
- Spread needed to break even
- 0.000%
Slippage unknown: Lighter RH: live order book, 3 min ago; Injective: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0599%
- Per $10,000 a day
- −$17.96
- 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 RH live order book, 3 min ago | 6.01 bp | 11.0 bp −$11 | 39.4 bp −$394 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
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
Variational Omni0.6226+8.497%gTrade (Gains Network)0.6226+8.501%SoDEX0.6227+8.526%
Variational Omni
gTrade (Gains Network)
SoDEXLighter RH0.6228+8.540%
BloFin0.6228+8.540%Polymarket Perps0.6229+8.557%Phemex0.6229+8.557%Nado0.6230+8.574%Popdex0.6230+8.574%edgeX0.6230+8.576%KuCoin0.6230+8.581%Aevo0.6231+8.592%SunX0.6231+8.594%BingX0.6232+8.609%Lighter0.6235+8.662%Aster0.6235+8.663%MEXC0.6236+8.679%Phoenix0.6237+8.688%Extended0.6237+8.697%Orderly0.6237+8.700%Binance0.6238+8.713%Pacifica0.6238+8.720%Bybit0.6240+8.749%Bitget0.6241+8.771%OKX0.6242+8.784%Gate0.6242+8.784%Hyperliquid0.6243+8.803%ApeX Omni0.6244+8.824%HTX0.6246+8.850%
BloFin
Polymarket Perps
Phemex
Nado
Popdex
KuCoin
Aevo
SunX
BingX
Lighter
Aster
MEXC
Phoenix
Extended
Orderly
Binance
Pacifica
Bybit
Bitget
OKX
Gate
Hyperliquid
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 PERPshort | −7.868% | +0.0033% | 1h | $590 | $11K | 5.5x | |
| Variational Omni PONS | −0.040% | +0.0511% | 4h | $1.7M | $3.4M | — | as long as short |
| gTrade (Gains Network) PONS/USD | −0.035% | L +0.0032% / S −0.0031% | 1h | $224K | — | 150x | as long as short |
| SoDEX PONS-USD | −0.013% | +0.0100% | 1h | $28K | $463K | 3x | as long as short |
| Lighter RH PONSlong | 0.000% | +0.0632% | 1h | $432K | $2.2M | 3x | |
| BloFin PONS-USDT | 0.000% | +0.0765% | 4h | $1.8M | $922K | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.016% | +0.0610% | 1h | $63K | $1.8M | 3x | as long as short |
| Phemex PONSUSDT | +0.016% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
| Nado PONS-PERP | +0.032% | +0.0350% | 1h | $113K | $68K | 5x | as long as short |
| Popdex PONSUSDT | +0.032% | +0.0096% | 1h | $19K | $453K | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| edgeX PONSUSDC | +0.034% | +0.0546% | 4h | $21K | $292K | 10x | as long as short |
| KuCoin PONSUSDTM | +0.039% | +0.0284% | 4h | $1.8M | $3.2M | 20x | as long as short |
| Aevo PONS-PERP | +0.048% | +0.0216% | 1h | $388 | — | 3x | as long as short |
| SunX PONS-USDT | +0.050% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| BingX PONS-USDT | +0.064% | +0.0525% | 4h | — | $3.0M | — | as long as short |
| Lighter PONS | +0.112% | +0.1648% | 1h | $1.8M | $763K | 3x | as long as short |
| Aster PONSUSDT | +0.114% | +0.0178% | 4h | $1.1M | $2.1M | 20x | as long as short |
| MEXC PONS_USDT | +0.128% | +0.0524% | 4h | $7.8M | $5.0M | 20x | as long as short |
| Phoenix PONS | +0.136% | +0.1528% | 1h | $25K | $51K | 3x | as long as short |
| Extended PONS-USD | +0.145% | +0.0528% | 1h | $93K | $533K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.148% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| Binance PONSUSDT | +0.160% | +0.0525% | 4h | $41.5M | $92.7M | 20x | as long as short |
| Pacifica PONS | +0.167% | +0.0616% | 1h | $50K | $126K | 3x | as long as short |
| Bybit PONSUSDT | +0.193% | +0.0214% | 4h | $20.0M | $27.1M | 20x | as long as short |
| Bitget PONSUSDT | +0.214% | +0.0340% | 4h | $4.8M | $10.7M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.225% | +0.0138% | 4h | $14.4M | $54.9M | 20x | as long as short |
| Gate PONS_USDT | +0.225% | −0.2308% | 4h | $5.6M | $7.2M | 20x | as long as short |
| Hyperliquid PONS | +0.242% | +0.0767% | 1h | $63.4M | $26.7M | 3x | as long as short |
| ApeX Omni PONSUSDT | +0.262% | +0.0100% | 1h | $39K | $313K | 5x | as long as short |
| HTX PONS-USDT | +0.286% | +0.0100% | 4h | $67K | $490K | 20x | as long as short |