Spread before costs (cost unknown: a leg has no order-book sample)+1.849%
7d average—if it closes, per $10,000$185funding while held, a day+$42.84
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_PONS_USDC_mythos | 0.6003 | 0.0100 | pay 0.0050% / 4h | 3h 20m | $2K | $2K | 10x |
| Short | Phoenix PONS | 0.6114 | 0.1528 | get 0.0191% / 1h | 20m 19s | $24K | $61K | 3x |
Orderly PERP_PONS_USDC_mythos
Phoenix 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
- $184.9
- Funding while held
- $42.84
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $214.74
- Spread needed to break even
- 0.130%
Slippage unknown: Orderly: no order-book sample; Phoenix: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.1428%
- Per $10,000 a day
- +$42.84
- 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 Phoenix no order-book sample | — | — | — | — | — |
Orderly and Phoenix: 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.Injective0.5738cheapestPolymarket Perps0.5983+4.265%Hyperliquid0.5984+4.289%Nado0.5986+4.322%Pacifica0.5987+4.337%Popdex0.5987+4.339%gTrade (Gains Network)0.5987+4.344%Bybit0.5989+4.374%OKX0.5989+4.374%Gate0.5989+4.374%Binance0.5990+4.392%BingX0.5990+4.392%Bitget0.5991+4.406%KuCoin0.5991+4.413%SoDEX0.5992+4.427%Extended0.5993+4.442%MEXC0.5994+4.461%Aster0.5996+4.500%Aevo0.6001+4.575%
Injective
Polymarket Perps
Hyperliquid
Nado
Pacifica
Popdex
gTrade (Gains Network)
Bybit
OKX
Gate
Binance
BingX
Bitget
KuCoin
SoDEX
Extended
MEXC
Aster
AevoOrderly0.6003+4.624%
SunX0.6013+4.798%Lighter0.6016+4.845%Lighter RH0.6017+4.862%BloFin0.6066+5.716%Phemex0.6070+5.786%edgeX0.6089+6.109%Variational Omni0.6090+6.130%HTX0.6091+6.159%
SunX
Lighter
Lighter RH
BloFin
Phemex
Variational Omni
HTXPhoenix0.6114+6.558%
ApeX Omni0.6116+6.595%
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 | −4.419% | +0.0033% | 1h | $590 | $11K | 5.5x | as long as short |
| Polymarket Perps PONS-USD | −0.343% | +0.0535% | 1h | $61K | $1.8M | 3x | as long as short |
| Hyperliquid PONS | −0.320% | +0.0466% | 1h | $60.0M | $27.8M | 3x | as long as short |
| Nado PONS-PERP | −0.288% | +0.0315% | 1h | $108K | $68K | 5x | as long as short |
| Pacifica PONS | −0.274% | +0.0616% | 1h | $49K | $123K | 3x | as long as short |
| Popdex PONSUSDT | −0.272% | +0.0096% | 1h | $11K | $472K | 20x | as long as short |
| gTrade (Gains Network) PONS/USD | −0.268% | L +0.0032% / S −0.0031% | 1h | $218K | — | 150x | as long as short |
| Bybit PONSUSDT | −0.238% | +0.0214% | 4h | $18.5M | $28.8M | 20x | as long as short |
| OKX PONS-USDT-SWAP | −0.238% | +0.0137% | 4h | $13.5M | $54.1M | 20x | as long as short |
| Gate PONS_USDT | −0.238% | −0.0714% | 4h | $5.4M | $7.5M | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance PONSUSDT | −0.222% | +0.0429% | 4h | $39.4M | $95.6M | 20x | as long as short |
| BingX PONS-USDT | −0.222% | +0.0452% | 4h | — | $3.2M | — | as long as short |
| Bitget PONSUSDT | −0.208% | +0.0240% | 4h | $4.6M | $11.0M | 20x | as long as short |
| KuCoin PONSUSDTM | −0.202% | +0.0202% | 4h | $1.7M | $3.1M | 20x | as long as short |
| SoDEX PONS-USD | −0.188% | +0.0100% | 1h | $27K | $494K | 3x | as long as short |
| Extended PONS-USD | −0.173% | +0.0432% | 1h | $89K | $546K | 5x | as long as short |
| MEXC PONS_USDT | −0.155% | +0.0440% | 4h | $7.2M | $5.1M | 20x | as long as short |
| Aster PONSUSDT | −0.118% | +0.0100% | 4h | $1.1M | $2.1M | 20x | as long as short |
| Aevo PONS-PERP | −0.046% | +0.0192% | 1h | $374 | — | 3x | as long as short |
| Orderly PERP_PONS_USDC_mythoslong | 0.000% | +0.0100% | 4h | $2K | $2K | 10x | |
| SunX PONS-USDT | +0.167% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| Lighter PONS | +0.212% | +0.1384% | 1h | $1.8M | $787K | 3x | as long as short |
| Lighter RH PONS | +0.228% | +0.0744% | 1h | $418K | $2.3M | 3x | as long as short |
| BloFin PONS-USDT | +1.044% | +0.0681% | 4h | $1.8M | $954K | 20x | as long as short |
| Phemex PONSUSDT | +1.111% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
| edgeX PONSUSDC | +1.420% | +0.0465% | 4h | $21K | $292K | 10x | as long as short |
| Variational Omni PONS | +1.439% | +0.0403% | 4h | $1.3M | $3.7M | — | as long as short |
| HTX PONS-USDT | +1.468% | +0.0100% | 4h | $64K | $494K | 20x | as long as short |
| Phoenix PONSshort | +1.849% | +0.1528% | 1h | $24K | $61K | 3x | |
| ApeX Omni PONSUSDT | +1.884% | +0.0100% | 1h | $38K | $317K | 5x | as long as short |