Spread before costs (cost unknown: a leg has no order-book sample)+0.169%
7d average−0.016%if it closes, per $10,000$17funding while held, a day−$0.35
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX PONS-USDT-SWAP | 0.5881 | 0.0137 | pay 0.0069% / 4h | 2h 31m | $13.2M | $55.4M | 20x |
| Short | Variational Omni PONS | 0.5891 | 0.0126 | get 0.0063% / 4h | 2h 31m | $1.2M | $3.9M | — |
OKX PONS-USDT-SWAP
Variational Omni PONSPrice 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
- $16.9
- Funding while held
- −$0.35
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $6.56
- Spread needed to break even
- 0.100%
Slippage unknown: OKX: live order book, 4 min ago; Variational Omni: RFQ quote, 4 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0012%
- Per $10,000 a day
- −$0.35
- 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 OKX live order book, 4 min ago | 0.85 bp | 12.7 bp −$13 | 30.0 bp −$300 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 4 min ago | 4.22 bp | doesn't fit | 39.7 bp −$397 | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapestgTrade (Gains Network)0.5876+2.407%Aster0.5879+2.450%KuCoin0.5879+2.450%Nado0.5879+2.457%Polymarket Perps0.5879+2.459%Binance0.5880+2.466%Bitget0.5880+2.468%SoDEX0.5880+2.468%Popdex0.5880+2.475%Aevo0.5880+2.475%Pacifica0.5880+2.483%
Injective
gTrade (Gains Network)
Aster
KuCoin
Nado
Polymarket Perps
Binance
Bitget
SoDEX
Popdex
Aevo
PacificaOKX0.5881+2.492%
BingX0.5881+2.492%Extended0.5882+2.503%Lighter RH0.5882+2.508%Gate0.5882+2.510%MEXC0.5882+2.510%Hyperliquid0.5883+2.518%Bybit0.5884+2.544%Orderly0.5886+2.571%Lighter0.5886+2.579%SunX0.5888+2.623%Phemex0.5889+2.632%
BingX
Extended
Lighter RH
Gate
MEXC
Hyperliquid
Bybit
Orderly
Lighter
SunX
PhemexVariational Omni0.5891+2.665%
HTX0.5895+2.734%edgeX0.5900+2.815%BloFin0.5902+2.858%ApeX Omni0.5917+3.128%Phoenix0.5924+3.233%
HTX
BloFin
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 | −2.432% | +0.0033% | 1h | $590 | $7K | 5.5x | as long as short |
| gTrade (Gains Network) PONS/USD | −0.083% | L +0.0032% / S −0.0032% | 1h | $213K | — | 150x | as long as short |
| Aster PONSUSDT | −0.041% | +0.0100% | 4h | $1.1M | $2.1M | 20x | as long as short |
| KuCoin PONSUSDTM | −0.041% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
| Nado PONS-PERP | −0.034% | +0.0142% | 1h | $73K | $94K | 5x | as long as short |
| Polymarket Perps PONS-USD | −0.032% | +0.0332% | 1h | $47K | $1.8M | 3x | as long as short |
| Binance PONSUSDT | −0.025% | +0.0325% | 4h | $38.3M | $97.8M | 20x | as long as short |
| Bitget PONSUSDT | −0.024% | +0.0166% | 4h | $4.5M | $11.3M | 20x | as long as short |
| SoDEX PONS-USD | −0.024% | +0.0100% | 1h | $26K | $509K | 3x | as long as short |
| Popdex PONSUSDT | −0.017% | +0.0096% | 1h | $18K | $493K | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aevo PONS-PERP | −0.017% | +0.0160% | 1h | $366 | — | 3x | as long as short |
| Pacifica PONS | −0.009% | +0.0285% | 1h | $49K | $119K | 3x | as long as short |
| OKX PONS-USDT-SWAPlong | 0.000% | +0.0137% | 4h | $13.2M | $55.4M | 20x | |
| BingX PONS-USDT | 0.000% | +0.0356% | 4h | — | $3.2M | — | as long as short |
| Extended PONS-USD | +0.011% | +0.0328% | 1h | $88K | $539K | 5x | as long as short |
| Lighter RH PONS | +0.015% | +0.0096% | 1h | $407K | $2.3M | 3x | as long as short |
| Gate PONS_USDT | +0.017% | +0.0100% | 4h | $5.2M | $7.7M | 20x | as long as short |
| MEXC PONS_USDT | +0.017% | +0.0326% | 4h | $7.3M | $5.2M | 20x | as long as short |
| Hyperliquid PONS | +0.026% | +0.0193% | 1h | $58.8M | $29.1M | 3x | as long as short |
| Bybit PONSUSDT | +0.051% | +0.0100% | 4h | $17.7M | $30.2M | 20x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.077% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| Lighter PONS | +0.085% | +0.0536% | 1h | $1.7M | $855K | 3x | as long as short |
| SunX PONS-USDT | +0.128% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| Phemex PONSUSDT | +0.136% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
| Variational Omni PONSshort | +0.169% | +0.0126% | 4h | $1.2M | $3.9M | — | |
| HTX PONS-USDT | +0.236% | +0.0100% | 4h | $62K | $496K | 20x | as long as short |
| edgeX PONSUSDC | +0.315% | +0.0350% | 4h | $21K | $292K | 10x | as long as short |
| BloFin PONS-USDT | +0.357% | +0.0566% | 4h | $1.7M | $968K | 20x | as long as short |
| ApeX Omni PONSUSDT | +0.621% | +0.0100% | 1h | $30K | $321K | 5x | as long as short |
| Phoenix PONS | +0.723% | +0.1523% | 1h | $24K | $61K | 3x | as long as short |