Spread before costs (cost unknown: a leg has no order-book sample)+0.459%
7d average—if it closes, per $10,000$46funding while held, a day+$41.01
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica PONS | 0.5795 | 0.0157 | pay 0.0020% / 1h | 58m 43s | $46K | $119K | 3x |
| Short | Phoenix PONS | 0.5822 | 0.1523 | get 0.0190% / 1h | 58m 43s | $23K | $61K | 3x |
Pacifica PONS
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
- $45.9
- Funding while held
- $41.01
- Slippage, 4 orders
- no order book: not counted
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $71.91
- Spread needed to break even
- 0.150%
Slippage unknown: Pacifica: live order book, 40 min ago; Phoenix: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.1367%
- Per $10,000 a day
- +$41.01
- 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 Pacifica live order book, 40 min ago | 9.12 bp | 20.4 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
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.Injective0.5738cheapestAster0.5788+0.874%BingX0.5790+0.906%Gate0.5791+0.924%Aevo0.5793+0.952%Bybit0.5794+0.976%Nado0.5794+0.978%gTrade (Gains Network)0.5794+0.978%KuCoin0.5795+0.992%Extended0.5795+0.993%Binance0.5795+0.993%OKX0.5795+0.993%
Injective
Aster
BingX
Gate
Aevo
Bybit
Nado
gTrade (Gains Network)
KuCoin
Extended
Binance
OKXPacifica0.5795+0.995%
Bitget0.5795+0.999%MEXC0.5796+1.011%Lighter RH0.5797+1.026%SunX0.5797+1.035%Hyperliquid0.5797+1.037%Variational Omni0.5798+1.047%Polymarket Perps0.5799+1.060%Popdex0.5799+1.063%Orderly0.5800+1.074%Phemex0.5800+1.081%Lighter0.5801+1.098%BloFin0.5802+1.115%SoDEX0.5802+1.121%ApeX Omni0.5805+1.168%edgeX0.5807+1.210%HTX0.5810+1.264%
Bitget
MEXC
Lighter RH
SunX
Hyperliquid
Variational Omni
Polymarket Perps
Popdex
Orderly
Phemex
Lighter
BloFin
SoDEX
ApeX Omni
HTXPhoenix0.5822+1.459%
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 | −0.985% | +0.0033% | 1h | $590 | $3K | 5.5x | as long as short |
| Aster PONSUSDT | −0.120% | +0.0100% | 4h | $1.0M | $2.1M | 20x | as long as short |
| BingX PONS-USDT | −0.088% | +0.0296% | 4h | — | $3.3M | — | as long as short |
| Gate PONS_USDT | −0.071% | +0.0036% | 4h | $5.2M | $7.2M | 20x | as long as short |
| Aevo PONS-PERP | −0.043% | +0.0152% | 1h | $361 | — | 3x | as long as short |
| Bybit PONSUSDT | −0.019% | +0.0100% | 4h | $17.0M | $31.1M | 20x | as long as short |
| Nado PONS-PERP | −0.017% | +0.0100% | 1h | $71K | $95K | 5x | as long as short |
| gTrade (Gains Network) PONS/USD | −0.017% | L +0.0032% / S −0.0032% | 1h | $209K | — | 150x | as long as short |
| KuCoin PONSUSDTM | −0.003% | +0.0100% | 4h | $1.7M | $3.5M | 20x | as long as short |
| Extended PONS-USD | −0.002% | +0.0272% | 1h | $86K | $545K | 5x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance PONSUSDT | −0.002% | +0.0273% | 4h | $37.3M | $99.7M | 20x | as long as short |
| OKX PONS-USDT-SWAP | −0.002% | +0.0152% | 4h | $12.9M | $55.5M | 20x | as long as short |
| Pacifica PONSlong | 0.000% | +0.0157% | 1h | $46K | $119K | 3x | |
| Bitget PONSUSDT | +0.003% | +0.0130% | 4h | $4.5M | $11.6M | 20x | as long as short |
| MEXC PONS_USDT | +0.016% | +0.0272% | 4h | $7.0M | $5.3M | 20x | as long as short |
| Lighter RH PONS | +0.031% | +0.0752% | 1h | $402K | $2.3M | 3x | as long as short |
| SunX PONS-USDT | +0.040% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| Hyperliquid PONS | +0.041% | +0.0100% | 1h | $57.6M | $29.8M | 3x | as long as short |
| Variational Omni PONS | +0.051% | +0.0100% | 4h | $1.3M | $4.1M | — | as long as short |
| Polymarket Perps PONS-USD | +0.064% | +0.0456% | 1h | $74K | $1.8M | 3x | as long as short |
| Popdex PONSUSDT | +0.067% | +0.0096% | 1h | $18K | $510K | 20x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.078% | +0.0100% | 4h | $2K | $3K | 10x | as long as short |
| Phemex PONSUSDT | +0.085% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
| Lighter PONS | +0.102% | +0.0672% | 1h | $1.7M | $867K | 3x | as long as short |
| BloFin PONS-USDT | +0.119% | +0.0513% | 4h | $1.7M | $963K | 20x | as long as short |
| SoDEX PONS-USD | +0.124% | +0.0100% | 1h | $26K | $534K | 3x | as long as short |
| ApeX Omni PONSUSDT | +0.171% | +0.0100% | 1h | $28K | $318K | 5x | as long as short |
| edgeX PONSUSDC | +0.212% | +0.0305% | 4h | $20K | $293K | 10x | as long as short |
| HTX PONS-USDT | +0.266% | +0.0100% | 4h | $61K | $498K | 20x | as long as short |
| Phoenix PONSshort | +0.459% | +0.1523% | 1h | $23K | $61K | 3x |