Spread before costs (cost unknown: a leg has no order-book sample)−0.068%
7d average—if it closes, per $10,000$7funding while held, a day+$4.74
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_PONS_USDC_mythos | 0.6166 | 0.0100 | pay 0.0050% / 4h | 3h 28m | $2K | $2K | 10x |
| Short | Bitget PONSUSDT | 0.6162 | 0.0258 | get 0.0129% / 4h | 3h 28m | $4.7M | $10.8M | 20x |
Orderly PERP_PONS_USDC_mythos
Bitget 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
- −$6.81
- Funding while held
- $4.74
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$20.07
- Spread needed to break even
- 0.180%
Slippage unknown: Orderly: no order-book sample; Bitget: live order book, 2 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0158%
- Per $10,000 a day
- +$4.74
- 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 Bitget live order book, 2 min ago | 2.03 bp | 16.5 bp −$16 | doesn't fit | doesn't fit | 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
Aevo0.6138+6.977%Aster0.6146+7.118%SoDEX0.6151+7.199%Pacifica0.6155+7.261%BloFin0.6155+7.267%Bybit0.6156+7.285%gTrade (Gains Network)0.6157+7.295%OKX0.6157+7.302%BingX0.6157+7.302%Phemex0.6157+7.302%KuCoin0.6159+7.334%Nado0.6159+7.341%SunX0.6161+7.367%Popdex0.6161+7.372%Lighter RH0.6161+7.379%
Injective
Aevo
Aster
SoDEX
Pacifica
BloFin
Bybit
gTrade (Gains Network)
OKX
BingX
Phemex
KuCoin
Nado
SunX
Popdex
Lighter RHBitget0.6162+7.388%
Polymarket Perps0.6162+7.396%Binance0.6163+7.407%Gate0.6163+7.407%MEXC0.6163+7.407%Extended0.6163+7.409%Hyperliquid0.6164+7.417%Lighter0.6164+7.429%
Polymarket Perps
Binance
Gate
MEXC
Extended
Hyperliquid
LighterOrderly0.6166+7.461%
HTX0.6179+7.694%Phoenix0.6182+7.741%Variational Omni0.6182+7.744%edgeX0.6185+7.793%ApeX Omni0.6190+7.877%
HTX
Phoenix
Variational Omni
ApeX OmniPONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −6.943% | +0.0033% | 1h | $590 | $11K | 5.5x | as long as short |
| Aevo PONS-PERP | −0.450% | +0.0200% | 1h | $382 | — | 3x | as long as short |
| Aster PONSUSDT | −0.319% | +0.0100% | 4h | $1.1M | $2.1M | 20x | as long as short |
| SoDEX PONS-USD | −0.243% | +0.0100% | 1h | $27K | $459K | 3x | as long as short |
| Pacifica PONS | −0.186% | +0.0616% | 1h | $51K | $123K | 3x | as long as short |
| BloFin PONS-USDT | −0.180% | +0.0728% | 4h | $1.8M | $945K | 20x | as long as short |
| Bybit PONSUSDT | −0.164% | +0.0646% | 4h | $19.0M | $27.9M | 20x | as long as short |
| gTrade (Gains Network) PONS/USD | −0.154% | L +0.0032% / S −0.0031% | 1h | $222K | — | 150x | as long as short |
| OKX PONS-USDT-SWAP | −0.148% | +0.0146% | 4h | $14.2M | $54.3M | 20x | as long as short |
| BingX PONS-USDT | −0.148% | +0.0476% | 4h | — | $3.1M | — | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phemex PONSUSDT | −0.148% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
| KuCoin PONSUSDTM | −0.118% | +0.0250% | 4h | $1.8M | $3.1M | 20x | as long as short |
| Nado PONS-PERP | −0.111% | +0.0332% | 1h | $111K | $68K | 5x | as long as short |
| SunX PONS-USDT | −0.088% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| Popdex PONSUSDT | −0.083% | +0.0096% | 1h | $19K | $473K | 20x | as long as short |
| Lighter RH PONS | −0.076% | +0.0912% | 1h | $427K | $2.3M | 3x | as long as short |
| Bitget PONSUSDTshort | −0.068% | +0.0258% | 4h | $4.7M | $10.8M | 20x | |
| Polymarket Perps PONS-USD | −0.060% | +0.0628% | 1h | $60K | $1.8M | 3x | as long as short |
| Binance PONSUSDT | −0.050% | +0.0478% | 4h | $40.9M | $93.4M | 20x | as long as short |
| Gate PONS_USDT | −0.050% | −0.0186% | 4h | $5.5M | $7.4M | 20x | as long as short |
| MEXC PONS_USDT | −0.050% | +0.0488% | 4h | $7.6M | $5.1M | 20x | as long as short |
| Extended PONS-USD | −0.048% | +0.0480% | 1h | $92K | $539K | 5x | as long as short |
| Hyperliquid PONS | −0.041% | +0.0559% | 1h | $62.0M | $27.2M | 3x | as long as short |
| Lighter PONS | −0.029% | +0.1440% | 1h | $1.8M | $781K | 3x | as long as short |
| Orderly PERP_PONS_USDC_mythoslong | 0.000% | +0.0100% | 4h | $2K | $2K | 10x | |
| HTX PONS-USDT | +0.217% | +0.0100% | 4h | $66K | $491K | 20x | as long as short |
| Phoenix PONS | +0.261% | +0.1528% | 1h | $25K | $61K | 3x | as long as short |
| Variational Omni PONS | +0.263% | +0.0439% | 4h | $1.5M | $3.6M | — | as long as short |
| edgeX PONSUSDC | +0.309% | +0.0515% | 4h | $22K | $293K | 10x | as long as short |
| ApeX Omni PONSUSDT | +0.388% | +0.0100% | 1h | $39K | $318K | 5x | as long as short |