Spread before costs (cost unknown: a leg has no order-book sample)−0.134%
7d average—if it closes, per $10,000$13funding while held, a day+$10.71
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_PONS_USDC_mythos | 0.6098 | 0.0100 | pay 0.0050% / 4h | 3h 23m | $2K | $2K | 10x |
| Short | Binance PONSUSDT | 0.6090 | 0.0457 | get 0.0228% / 4h | 3h 23m | $40.3M | $94.1M | 20x |
Orderly PERP_PONS_USDC_mythos
Binance PONSUSDTPrice 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
- −$13.45
- Funding while held
- $10.71
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$18.74
- Spread needed to break even
- 0.160%
Slippage unknown: Orderly: no order-book sample; Binance: live order book, 6 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0357%
- Per $10,000 a day
- +$10.71
- 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 6 min ago | 0.81 bp | 12.5 bp −$13 | 41.1 bp −$411 | 160.7 bp −$16.1K | doesn't fit |
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.Injective0.5738cheapest
OKX0.6083+6.013%BingX0.6083+6.013%gTrade (Gains Network)0.6086+6.069%Bybit0.6087+6.082%SoDEX0.6087+6.084%Hyperliquid0.6088+6.091%Popdex0.6088+6.100%Polymarket Perps0.6089+6.122%Pacifica0.6089+6.126%
Injective
OKX
BingX
gTrade (Gains Network)
Bybit
SoDEX
Hyperliquid
Popdex
Polymarket Perps
PacificaBinance0.6090+6.135%
Aevo0.6090+6.142%Aster0.6091+6.150%KuCoin0.6093+6.190%Bitget0.6093+6.190%Nado0.6093+6.192%Extended0.6093+6.192%Lighter RH0.6093+6.194%MEXC0.6094+6.204%Phemex0.6096+6.239%Gate0.6098+6.274%
Aevo
Aster
KuCoin
Bitget
Nado
Extended
Lighter RH
MEXC
Phemex
GateOrderly0.6098+6.277%
SunX0.6098+6.281%Lighter0.6101+6.321%edgeX0.6107+6.431%HTX0.6111+6.497%BloFin0.6115+6.570%ApeX Omni0.6116+6.595%Variational Omni0.6121+6.668%Phoenix0.6165+7.445%
SunX
Lighter
HTX
BloFin
ApeX Omni
Variational 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 | −5.907% | +0.0033% | 1h | $590 | $11K | 5.5x | as long as short |
| OKX PONS-USDT-SWAP | −0.249% | +0.0138% | 4h | $13.9M | $54.2M | 20x | as long as short |
| BingX PONS-USDT | −0.249% | +0.0592% | 4h | — | $3.1M | — | as long as short |
| gTrade (Gains Network) PONS/USD | −0.196% | L +0.0032% / S −0.0031% | 1h | $220K | — | 150x | as long as short |
| Bybit PONSUSDT | −0.184% | +0.0369% | 4h | $18.7M | $28.1M | 20x | as long as short |
| SoDEX PONS-USD | −0.182% | +0.0100% | 1h | $27K | $467K | 3x | as long as short |
| Hyperliquid PONS | −0.175% | +0.0498% | 1h | $61.2M | $27.2M | 3x | as long as short |
| Popdex PONSUSDT | −0.167% | +0.0096% | 1h | $19K | $473K | 20x | as long as short |
| Polymarket Perps PONS-USD | −0.146% | +0.0576% | 1h | $59K | $1.8M | 3x | as long as short |
| Pacifica PONS | −0.143% | +0.0616% | 1h | $50K | $123K | 3x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance PONSUSDTshort | −0.134% | +0.0457% | 4h | $40.3M | $94.1M | 20x | |
| Aevo PONS-PERP | −0.127% | +0.0200% | 1h | $379 | — | 3x | as long as short |
| Aster PONSUSDT | −0.120% | +0.0100% | 4h | $1.1M | $2.1M | 20x | as long as short |
| KuCoin PONSUSDTM | −0.082% | +0.0238% | 4h | $1.8M | $3.1M | 20x | as long as short |
| Bitget PONSUSDT | −0.082% | +0.0244% | 4h | $4.7M | $10.9M | 20x | as long as short |
| Nado PONS-PERP | −0.081% | +0.0312% | 1h | $110K | $68K | 5x | as long as short |
| Extended PONS-USD | −0.080% | +0.0456% | 1h | $91K | $543K | 5x | as long as short |
| Lighter RH PONS | −0.079% | +0.0776% | 1h | $424K | $2.3M | 3x | as long as short |
| MEXC PONS_USDT | −0.069% | +0.0456% | 4h | $7.5M | $5.1M | 20x | as long as short |
| Phemex PONSUSDT | −0.036% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
| Gate PONS_USDT | −0.003% | −0.0602% | 4h | $5.5M | $7.4M | 20x | as long as short |
| Orderly PERP_PONS_USDC_mythoslong | 0.000% | +0.0100% | 4h | $2K | $2K | 10x | |
| SunX PONS-USDT | +0.003% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| Lighter PONS | +0.041% | +0.1416% | 1h | $1.8M | $784K | 3x | as long as short |
| edgeX PONSUSDC | +0.144% | +0.0494% | 4h | $21K | $291K | 10x | as long as short |
| HTX PONS-USDT | +0.207% | +0.0100% | 4h | $64K | $494K | 20x | as long as short |
| BloFin PONS-USDT | +0.275% | +0.0710% | 4h | $1.8M | $941K | 20x | as long as short |
| ApeX Omni PONSUSDT | +0.298% | +0.0100% | 1h | $38K | $317K | 5x | as long as short |
| Variational Omni PONS | +0.367% | +0.0418% | 4h | $1.3M | $3.8M | — | as long as short |
| Phoenix PONS | +1.099% | +0.1528% | 1h | $25K | $61K | 3x | as long as short |