Spread before costs (cost unknown: a leg has no order-book sample)+0.384%
7d average—if it closes, per $10,000$38funding while held, a day+$13.59
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_PONS_USDC_mythos | 0.6388 | 0.0100 | pay 0.0050% / 4h | 1h 03m | $2K | $2K | 10x |
| Short | Variational Omni PONS | 0.6413 | 0.0553 | get 0.0277% / 4h | 1h 03m | $1.9M | $3.4M | — |
Orderly PERP_PONS_USDC_mythos
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
- $38.37
- Funding while held
- $13.59
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $45.97
- Spread needed to break even
- 0.060%
Slippage unknown: Orderly: no order-book sample; Variational Omni: RFQ quote, 2 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0453%
- Per $10,000 a day
- +$13.59
- 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 Variational Omni RFQ quote, 2 min ago | 6.26 bp | doesn't fit | 31.3 bp −$313 | 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
gTrade (Gains Network)0.6369+11.002%BingX0.6372+11.049%OKX0.6378+11.154%Extended0.6381+11.198%Bybit0.6381+11.206%Popdex0.6381+11.206%Gate0.6381+11.206%KuCoin0.6382+11.220%Polymarket Perps0.6382+11.222%Nado0.6382+11.228%MEXC0.6383+11.241%Bitget0.6383+11.244%SoDEX0.6383+11.248%Binance0.6384+11.253%Lighter RH0.6385+11.274%Pacifica0.6385+11.281%Aevo0.6386+11.293%Lighter0.6387+11.307%Hyperliquid0.6387+11.311%Phemex0.6387+11.311%
Injective
gTrade (Gains Network)
BingX
OKX
Extended
Bybit
Popdex
Gate
KuCoin
Polymarket Perps
Nado
MEXC
Bitget
SoDEX
Binance
Lighter RH
Pacifica
Aevo
Lighter
Hyperliquid
PhemexOrderly0.6388+11.333%
Phoenix0.6389+11.340%Aster0.6394+11.440%edgeX0.6395+11.449%SunX0.6395+11.452%BloFin0.6396+11.467%ApeX Omni0.6401+11.553%HTX0.6408+11.684%
Phoenix
Aster
SunX
BloFin
ApeX Omni
HTXVariational Omni0.6413+11.760%
PONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −10.180% | +0.0033% | 1h | $590 | $15K | 5.5x | as long as short |
| gTrade (Gains Network) PONS/USD | −0.298% | L +0.0032% / S −0.0032% | 1h | $228K | — | 150x | as long as short |
| BingX PONS-USDT | −0.255% | +0.0652% | 4h | — | $2.9M | — | as long as short |
| OKX PONS-USDT-SWAP | −0.161% | +0.0188% | 4h | $15.1M | $57.3M | 20x | as long as short |
| Extended PONS-USD | −0.121% | +0.0656% | 1h | $162K | $473K | 5x | as long as short |
| Bybit PONSUSDT | −0.114% | +0.0712% | 4h | $20.8M | $26.8M | 20x | as long as short |
| Popdex PONSUSDT | −0.114% | +0.0096% | 1h | $20K | $471K | 20x | as long as short |
| Gate PONS_USDT | −0.114% | +0.0464% | 4h | $5.7M | $7.4M | 20x | as long as short |
| KuCoin PONSUSDTM | −0.102% | +0.0570% | 4h | $1.9M | $2.8M | 20x | as long as short |
| Polymarket Perps PONS-USD | −0.100% | +0.0567% | 1h | $79K | $1.8M | 3x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Nado PONS-PERP | −0.095% | +0.0526% | 1h | $117K | $71K | 5x | as long as short |
| MEXC PONS_USDT | −0.083% | +0.0654% | 4h | $8.2M | $5.0M | 20x | as long as short |
| Bitget PONSUSDT | −0.080% | +0.0610% | 4h | $5.0M | $10.6M | 20x | as long as short |
| SoDEX PONS-USD | −0.077% | +0.0100% | 1h | $29K | $479K | 3x | as long as short |
| Binance PONSUSDT | −0.072% | +0.0652% | 4h | $43.0M | $93.4M | 20x | as long as short |
| Lighter RH PONS | −0.053% | +0.0440% | 1h | $441K | $2.2M | 3x | as long as short |
| Pacifica PONS | −0.047% | +0.0858% | 1h | $49K | $166K | 3x | as long as short |
| Aevo PONS-PERP | −0.036% | +0.0240% | 1h | $398 | — | 3x | as long as short |
| Lighter PONS | −0.023% | +0.0904% | 1h | $1.8M | $736K | 3x | as long as short |
| Hyperliquid PONS | −0.020% | +0.1032% | 1h | $65.0M | $26.0M | 3x | as long as short |
| Phemex PONSUSDT | −0.020% | +0.0100% | 4h | $1.8M | $3.4M | 20x | as long as short |
| Orderly PERP_PONS_USDC_mythoslong | 0.000% | +0.0100% | 4h | $2K | $2K | 10x | |
| Phoenix PONS | +0.006% | +0.1767% | 1h | $26K | $45K | 3x | as long as short |
| Aster PONSUSDT | +0.096% | +0.0459% | 4h | $1.1M | $2.2M | 20x | as long as short |
| edgeX PONSUSDC | +0.104% | +0.0664% | 4h | $22K | $289K | 10x | as long as short |
| SunX PONS-USDT | +0.106% | +0.0100% | 4h | — | $1.3M | 10x | as long as short |
| BloFin PONS-USDT | +0.121% | +0.0902% | 4h | $1.9M | $925K | 20x | as long as short |
| ApeX Omni PONSUSDT | +0.197% | +0.0100% | 1h | $40K | $315K | 5x | as long as short |
| HTX PONS-USDT | +0.315% | +0.0100% | 4h | $67K | $493K | 20x | as long as short |
| Variational Omni PONSshort | +0.384% | +0.0553% | 4h | $1.9M | $3.4M | — |