Spread before costs (cost unknown: a leg has no order-book sample)+0.030%
7d average−0.143%if it closes, per $10,000$3funding while held, a day−$2.05
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado PONS-PERP | 0.5846 | 0.0100 | pay 0.0012% / 1h | 12m 16s | $72K | $95K | 5x |
| Short | gTrade (Gains Network) PONS/USD | 0.5848 | L +0.0032% / S −0.0032% | get 0.0004% / 1h | 12m 16s | $211K | — | 150x |
Nado PONS-PERP
gTrade (Gains Network) PONS/USDPrice 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
- $2.99
- Funding while held
- −$2.05
- Slippage, 4 orders
- no order book: not counted
- Fee Nado: 0 bp × 2 orders
- $0
- Fee gTrade (Gains Network): 6 bp × 2 orders
- −$12
- Net
- −$11.05
- Spread needed to break even
- 0.120%
Slippage unknown: Nado: no order-book sample; gTrade (Gains Network): virtual book (oracle venue), 23 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0068%
- Per $10,000 a day
- −$2.05
- 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 Nado no order-book sample | — | — | — | — | — |
| Sell gTrade (Gains Network) virtual book (oracle venue), 23 min ago | 130.01 bp | 2471.2 bp −$2,471 | doesn't fit | doesn't fit | doesn't fit |
Nado: 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.Injective0.5738cheapestVariational Omni0.5835+1.694%Phoenix0.5840+1.778%ApeX Omni0.5843+1.832%Pacifica0.5845+1.861%
Injective
Variational Omni
Phoenix
ApeX Omni
PacificaNado0.5846+1.882%
KuCoin0.5847+1.903%
KuCoingTrade (Gains Network)0.5848+1.913%
MEXC0.5848+1.917%Gate0.5849+1.934%Polymarket Perps0.5851+1.966%Lighter RH0.5851+1.968%Popdex0.5851+1.969%Hyperliquid0.5851+1.970%Phemex0.5852+1.987%edgeX0.5853+2.000%Extended0.5854+2.018%SoDEX0.5854+2.027%Aster0.5855+2.031%Bitget0.5855+2.039%Aevo0.5856+2.054%HTX0.5856+2.055%Lighter0.5857+2.072%OKX0.5857+2.074%BingX0.5857+2.074%Binance0.5857+2.076%SunX0.5858+2.088%Bybit0.5858+2.091%Orderly0.5859+2.107%BloFin0.5859+2.109%
MEXC
Gate
Polymarket Perps
Lighter RH
Popdex
Hyperliquid
Phemex
Extended
SoDEX
Aster
Bitget
Aevo
HTX
Lighter
OKX
BingX
Binance
SunX
Bybit
Orderly
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 | −1.847% | +0.0033% | 1h | $590 | $3K | 5.5x | as long as short |
| Variational Omni PONS | −0.185% | +0.0100% | 4h | $1.2M | $4.2M | — | as long as short |
| Phoenix PONS | −0.103% | +0.1299% | 1h | $27K | $70K | 3x | as long as short |
| ApeX Omni PONSUSDT | −0.050% | +0.0100% | 1h | $34K | $316K | 5x | as long as short |
| Pacifica PONS | −0.021% | +0.0157% | 1h | $46K | $116K | 3x | as long as short |
| Nado PONS-PERPlong | 0.000% | +0.0100% | 1h | $72K | $95K | 5x | |
| KuCoin PONSUSDTM | +0.021% | +0.0100% | 4h | $1.7M | $3.5M | 20x | as long as short |
| gTrade (Gains Network) PONS/USDshort | +0.030% | L +0.0032% / S −0.0032% | 1h | $211K | — | 150x | |
| MEXC PONS_USDT | +0.034% | +0.0242% | 4h | $7.1M | $5.4M | 20x | as long as short |
| Gate PONS_USDT | +0.051% | −0.0090% | 4h | $5.2M | $7.3M | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Polymarket Perps PONS-USD | +0.082% | +0.0437% | 1h | $65K | $1.8M | 3x | as long as short |
| Lighter RH PONS | +0.084% | +0.0112% | 1h | $419K | $2.4M | 3x | as long as short |
| Popdex PONSUSDT | +0.086% | +0.0096% | 1h | $20K | $513K | 20x | as long as short |
| Hyperliquid PONS | +0.086% | +0.0100% | 1h | $58.2M | $29.9M | 3x | as long as short |
| Phemex PONSUSDT | +0.103% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
| edgeX PONSUSDC | +0.116% | +0.0261% | 4h | $20K | $293K | 10x | as long as short |
| Extended PONS-USD | +0.134% | +0.0248% | 1h | $87K | $540K | 5x | as long as short |
| SoDEX PONS-USD | +0.142% | +0.0100% | 1h | $27K | $534K | 3x | as long as short |
| Aster PONSUSDT | +0.146% | +0.0100% | 4h | $1.1M | $2.1M | 20x | as long as short |
| Bitget PONSUSDT | +0.154% | +0.0150% | 4h | $4.6M | $11.6M | 20x | as long as short |
| Aevo PONS-PERP | +0.168% | +0.0144% | 1h | $365 | — | 3x | as long as short |
| HTX PONS-USDT | +0.169% | +0.0100% | 4h | $62K | $500K | 20x | as long as short |
| Lighter PONS | +0.186% | +0.0928% | 1h | $1.7M | $871K | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.188% | +0.0189% | 4h | $13.0M | $55.6M | 20x | as long as short |
| BingX PONS-USDT | +0.188% | +0.0258% | 4h | — | $3.2M | — | as long as short |
| Binance PONSUSDT | +0.191% | +0.0252% | 4h | $37.8M | $99.3M | 20x | as long as short |
| SunX PONS-USDT | +0.202% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| Bybit PONSUSDT | +0.205% | +0.0100% | 4h | $17.3M | $31.4M | 20x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.221% | +0.0100% | 4h | $2K | $3K | 10x | as long as short |
| BloFin PONS-USDT | +0.222% | +0.0483% | 4h | $1.7M | $968K | 20x | as long as short |