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−$5.88
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC PONS_USDT | 0.5964 | 0.0388 | pay 0.0194% / 4h | 3h 15m | $7.3M | $5.2M | 20x |
| Short | Aevo PONS-PERP | 0.5957 | 0.0192 | get 0.0024% / 1h | 15m 02s | $371 | — | 3x |
MEXC PONS_USDT
Aevo PONS-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
- −$11.07
- Funding while held
- −$5.88
- Slippage, 4 orders
- no order book: not counted
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$32.95
- Spread needed to break even
- 0.160%
Slippage unknown: MEXC: live order book, 4 min ago; Aevo: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0196%
- Per $10,000 a day
- −$5.88
- 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 MEXC live order book, 4 min ago | 1.67 bp | 4.3 bp −$4 | 11.6 bp −$116 | 326.4 bp −$32.6K | doesn't fit |
| Sell Aevo no order-book sample | — | — | — | — | — |
Aevo: 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.Injective0.5738cheapestAster0.5950+3.691%Variational Omni0.5952+3.727%Pacifica0.5954+3.765%Gate0.5956+3.799%
Injective
Aster
Variational Omni
Pacifica
GateAevo0.5957+3.824%
OKX0.5959+3.852%Phemex0.5959+3.852%BingX0.5960+3.869%Bybit0.5962+3.904%Lighter RH0.5963+3.919%Bitget0.5963+3.921%Binance0.5964+3.939%
OKX
Phemex
BingX
Bybit
Lighter RH
Bitget
BinanceMEXC0.5964+3.939%
Hyperliquid0.5964+3.946%SunX0.5965+3.961%Nado0.5966+3.974%SoDEX0.5966+3.974%BloFin0.5966+3.974%gTrade (Gains Network)0.5968+4.008%Lighter0.5969+4.024%HTX0.5970+4.045%Polymarket Perps0.5971+4.054%Popdex0.5971+4.061%edgeX0.5971+4.068%KuCoin0.5972+4.080%Orderly0.5972+4.085%Extended0.5973+4.094%ApeX Omni0.5976+4.144%Phoenix0.5990+4.387%
Hyperliquid
SunX
Nado
SoDEX
BloFin
gTrade (Gains Network)
Lighter
HTX
Polymarket Perps
Popdex
KuCoin
Orderly
Extended
ApeX Omni
PhoenixPONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −3.789% | +0.0033% | 1h | $590 | $11K | 5.5x | as long as short |
| Aster PONSUSDT | −0.238% | +0.0100% | 4h | $1.1M | $2.1M | 20x | as long as short |
| Variational Omni PONS | −0.204% | +0.0368% | 4h | $1.2M | $3.9M | — | as long as short |
| Pacifica PONS | −0.167% | +0.0616% | 1h | $49K | $123K | 3x | as long as short |
| Gate PONS_USDT | −0.134% | −0.0518% | 4h | $5.4M | $7.7M | 20x | as long as short |
| Aevo PONS-PERPshort | −0.111% | +0.0192% | 1h | $371 | — | 3x | |
| OKX PONS-USDT-SWAP | −0.084% | +0.0153% | 4h | $13.3M | $54.4M | 20x | as long as short |
| Phemex PONSUSDT | −0.084% | +0.0597% | 4h | $1.7M | $3.3M | 20x | as long as short |
| BingX PONS-USDT | −0.067% | +0.0424% | 4h | — | $3.2M | — | as long as short |
| Bybit PONSUSDT | −0.034% | +0.0235% | 4h | $18.2M | $29.1M | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Lighter RH PONS | −0.018% | +0.0696% | 1h | $418K | $2.3M | 3x | as long as short |
| Bitget PONSUSDT | −0.017% | +0.0232% | 4h | $4.6M | $11.1M | 20x | as long as short |
| Binance PONSUSDT | 0.000% | +0.0381% | 4h | $38.9M | $96.5M | 20x | as long as short |
| MEXC PONS_USDTlong | 0.000% | +0.0388% | 4h | $7.3M | $5.2M | 20x | |
| Hyperliquid PONS | +0.007% | +0.0431% | 1h | $59.7M | $28.2M | 3x | as long as short |
| SunX PONS-USDT | +0.022% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| Nado PONS-PERP | +0.034% | +0.0321% | 1h | $114K | $71K | 5x | as long as short |
| SoDEX PONS-USD | +0.034% | +0.0100% | 1h | $26K | $504K | 3x | as long as short |
| BloFin PONS-USDT | +0.034% | +0.0621% | 4h | $1.8M | $956K | 20x | as long as short |
| gTrade (Gains Network) PONS/USD | +0.067% | L +0.0032% / S −0.0031% | 1h | $215K | — | 150x | as long as short |
| Lighter PONS | +0.082% | +0.1232% | 1h | $1.7M | $825K | 3x | as long as short |
| HTX PONS-USDT | +0.102% | +0.0100% | 4h | $63K | $497K | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.111% | +0.0514% | 1h | $55K | $1.8M | 3x | as long as short |
| Popdex PONSUSDT | +0.117% | +0.0096% | 1h | $19K | $493K | 20x | as long as short |
| edgeX PONSUSDC | +0.125% | +0.0434% | 4h | $21K | $293K | 10x | as long as short |
| KuCoin PONSUSDTM | +0.136% | +0.0210% | 4h | $1.7M | $3.2M | 20x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.141% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| Extended PONS-USD | +0.149% | +0.0384% | 1h | $89K | $545K | 5x | as long as short |
| ApeX Omni PONSUSDT | +0.198% | +0.0100% | 1h | $29K | $321K | 5x | as long as short |
| Phoenix PONS | +0.431% | +0.1528% | 1h | $24K | $61K | 3x | as long as short |