Spread before costs (cost unknown: a leg has no order-book sample)+0.323%
7d average—if it closes, per $10,000$32funding while held, a day+$11.22
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_PONS_USDC_mythos | 0.6307 | 0.0100 | pay 0.0050% / 4h | 40m 33s | $2K | $2K | 10x |
| Short | KuCoin PONSUSDTM | 0.6327 | 0.0474 | get 0.0237% / 4h | 40m 33s | $1.8M | $3.1M | 20x |
Orderly PERP_PONS_USDC_mythos
KuCoin PONSUSDTMPrice 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
- $32.35
- Funding while held
- $11.22
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $25.57
- Spread needed to break even
- 0.180%
Slippage unknown: Orderly: no order-book sample; KuCoin: live order book, 3 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0374%
- Per $10,000 a day
- +$11.22
- 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 KuCoin live order book, 3 min ago | 2.30 bp | 22.7 bp −$23 | 74.4 bp −$744 | 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
Variational Omni0.6298+9.766%edgeX0.6302+9.835%Aevo0.6306+9.900%
Injective
Variational Omni
AevoOrderly0.6307+9.916%
Aster0.6307+9.916%ApeX Omni0.6307+9.922%SoDEX0.6313+10.021%Phemex0.6316+10.073%Lighter RH0.6317+10.091%BloFin0.6317+10.091%SunX0.6318+10.103%BingX0.6320+10.143%HTX0.6323+10.204%Lighter0.6324+10.213%gTrade (Gains Network)0.6327+10.262%Gate0.6327+10.265%
Aster
ApeX Omni
SoDEX
Phemex
Lighter RH
BloFin
SunX
BingX
HTX
Lighter
gTrade (Gains Network)
GateKuCoin0.6327+10.272%
Bybit0.6329+10.300%Extended0.6329+10.308%Popdex0.6330+10.317%MEXC0.6330+10.317%Binance0.6331+10.335%Pacifica0.6332+10.349%Nado0.6332+10.352%OKX0.6333+10.369%Bitget0.6334+10.385%Polymarket Perps0.6334+10.394%Hyperliquid0.6339+10.479%Phoenix0.6343+10.544%
Bybit
Extended
Popdex
MEXC
Binance
Pacifica
Nado
OKX
Bitget
Polymarket Perps
Hyperliquid
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 | −9.022% | +0.0033% | 1h | $590 | $15K | 5.5x | as long as short |
| Variational Omni PONS | −0.136% | +0.0609% | 4h | $1.8M | $3.4M | — | as long as short |
| edgeX PONSUSDC | −0.074% | +0.0644% | 4h | $21K | $288K | 10x | as long as short |
| Aevo PONS-PERP | −0.015% | +0.0232% | 1h | $393 | — | 3x | as long as short |
| Orderly PERP_PONS_USDC_mythoslong | 0.000% | +0.0100% | 4h | $2K | $2K | 10x | |
| Aster PONSUSDT | 0.000% | +0.0404% | 4h | $1.1M | $2.2M | 20x | as long as short |
| ApeX Omni PONSUSDT | +0.005% | +0.0100% | 1h | $40K | $317K | 5x | as long as short |
| SoDEX PONS-USD | +0.095% | +0.0100% | 1h | $28K | $483K | 3x | as long as short |
| Phemex PONSUSDT | +0.143% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
| Lighter RH PONS | +0.159% | +0.0184% | 1h | $429K | $2.2M | 3x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin PONS-USDT | +0.159% | +0.0844% | 4h | $1.9M | $923K | 20x | as long as short |
| SunX PONS-USDT | +0.170% | +0.0100% | 4h | — | $1.3M | 10x | as long as short |
| BingX PONS-USDT | +0.206% | +0.0730% | 4h | — | $2.9M | — | as long as short |
| HTX PONS-USDT | +0.262% | +0.0100% | 4h | $67K | $497K | 20x | as long as short |
| Lighter PONS | +0.270% | +0.1160% | 1h | $1.8M | $715K | 3x | as long as short |
| gTrade (Gains Network) PONS/USD | +0.315% | L +0.0032% / S −0.0031% | 1h | $228K | — | 150x | as long as short |
| Gate PONS_USDT | +0.317% | +0.0100% | 4h | $5.7M | $6.9M | 20x | as long as short |
| KuCoin PONSUSDTMshort | +0.323% | +0.0474% | 4h | $1.8M | $3.1M | 20x | |
| Bybit PONSUSDT | +0.349% | +0.0781% | 4h | $20.5M | $26.9M | 20x | as long as short |
| Extended PONS-USD | +0.357% | +0.0600% | 1h | $95K | $536K | 5x | as long as short |
| Popdex PONSUSDT | +0.365% | +0.0096% | 1h | $20K | $470K | 20x | as long as short |
| MEXC PONS_USDT | +0.365% | +0.0602% | 4h | $8.3M | $4.9M | 20x | as long as short |
| Binance PONSUSDT | +0.381% | +0.0601% | 4h | $42.6M | $93.5M | 20x | as long as short |
| Pacifica PONS | +0.393% | +0.0472% | 1h | $48K | $166K | 3x | as long as short |
| Nado PONS-PERP | +0.396% | +0.0665% | 1h | $115K | $67K | 5x | as long as short |
| OKX PONS-USDT-SWAP | +0.412% | +0.0171% | 4h | $15.0M | $55.9M | 20x | as long as short |
| Bitget PONSUSDT | +0.427% | +0.0520% | 4h | $5.0M | $10.8M | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.434% | +0.0574% | 1h | $76K | $1.8M | 3x | as long as short |
| Hyperliquid PONS | +0.512% | +0.1138% | 1h | $64.7M | $26.2M | 3x | as long as short |
| Phoenix PONS | +0.571% | +0.1489% | 1h | $26K | $51K | 3x | as long as short |