Spread before costs (cost unknown: a leg has no order-book sample)−0.332%
7d average+0.012%if it closes, per $10,000$33funding while held, a day+$55.74
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex PONSUSDT | 0.6458 | 0.0100 | pay 0.0050% / 4h | 2h 39m | $1.8M | $3.4M | 20x |
| Short | Hyperliquid PONS | 0.6437 | 0.1958 | get 0.0245% / 1h | 39m 25s | $64.7M | $24.1M | 3x |
Phemex PONSUSDT
Hyperliquid 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
- −$33.23
- Funding while held
- $55.74
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $1.51
- Spread needed to break even
- 0.210%
Slippage unknown: Phemex: live order book, 6 min ago; Hyperliquid: live order book, 6 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.1858%
- Per $10,000 a day
- +$55.74
- 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 Phemex live order book, 6 min ago | 2.30 bp | 36.9 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 6 min ago | 1.39 bp | 8.2 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapest
OKX0.6417+11.833%Aevo0.6426+11.987%Bybit0.6426+11.990%Gate0.6426+11.990%BingX0.6426+11.990%Popdex0.6428+12.025%Binance0.6429+12.044%Extended0.6431+12.079%Aster0.6431+12.083%Bitget0.6432+12.091%KuCoin0.6432+12.104%Polymarket Perps0.6433+12.105%Orderly0.6433+12.112%Nado0.6434+12.130%MEXC0.6435+12.147%
Injective
OKX
Aevo
Bybit
Gate
BingX
Popdex
Binance
Extended
Aster
Bitget
KuCoin
Polymarket Perps
Orderly
Nado
MEXCHyperliquid0.6437+12.174%
Pacifica0.6441+12.246%Lighter RH0.6443+12.285%ApeX Omni0.6445+12.320%Lighter0.6446+12.332%gTrade (Gains Network)0.6447+12.360%SoDEX0.6452+12.443%Phoenix0.6456+12.522%
Pacifica
Lighter RH
ApeX Omni
Lighter
gTrade (Gains Network)
SoDEX
PhoenixPhemex0.6458+12.548%
BloFin0.6458+12.548%Variational Omni0.6462+12.612%HTX0.6473+12.804%SunX0.6473+12.816%edgeX0.6502+13.319%
BloFin
Variational Omni
HTX
SunXPONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −11.149% | +0.0033% | 1h | $590 | $18K | 5.5x | as long as short |
| OKX PONS-USDT-SWAP | −0.635% | +0.0294% | 4h | $15.7M | $58.1M | 20x | as long as short |
| Aevo PONS-PERP | −0.498% | +0.0264% | 1h | $400 | — | 3x | as long as short |
| Bybit PONSUSDT | −0.496% | +0.0815% | 4h | $20.9M | $26.0M | 20x | as long as short |
| Gate PONS_USDT | −0.496% | +0.3456% | 4h | $5.7M | $7.0M | 20x | as long as short |
| BingX PONS-USDT | −0.496% | +0.0858% | 4h | — | $2.9M | — | as long as short |
| Popdex PONSUSDT | −0.465% | +0.0096% | 1h | $20K | $457K | 20x | as long as short |
| Binance PONSUSDT | −0.448% | +0.0727% | 4h | $43.4M | $91.4M | 20x | as long as short |
| Extended PONS-USD | −0.417% | +0.0728% | 1h | $179K | $359K | 5x | as long as short |
| Aster PONSUSDT | −0.413% | +0.0534% | 4h | $1.2M | $2.1M | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget PONSUSDT | −0.406% | +0.0804% | 4h | $5.1M | $9.6M | 20x | as long as short |
| KuCoin PONSUSDTM | −0.395% | +0.0538% | 4h | $2.0M | $1.8M | 20x | as long as short |
| Polymarket Perps PONS-USD | −0.393% | +0.0967% | 1h | $65K | $1.8M | 3x | as long as short |
| Orderly PERP_PONS_USDC_mythos | −0.387% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| Nado PONS-PERP | −0.372% | +0.0921% | 1h | $109K | $66K | 5x | as long as short |
| MEXC PONS_USDT | −0.356% | +0.0726% | 4h | $8.9M | $4.8M | 20x | as long as short |
| Hyperliquid PONSshort | −0.332% | +0.1958% | 1h | $64.7M | $24.1M | 3x | |
| Pacifica PONS | −0.269% | +0.0815% | 1h | $49K | $143K | 3x | as long as short |
| Lighter RH PONS | −0.234% | +0.1112% | 1h | $449K | $2.1M | 3x | as long as short |
| ApeX Omni PONSUSDT | −0.203% | +0.0100% | 1h | $41K | $322K | 5x | as long as short |
| Lighter PONS | −0.192% | +0.1072% | 1h | $1.8M | $738K | 3x | as long as short |
| gTrade (Gains Network) PONS/USD | −0.167% | L +0.0032% / S −0.0030% | 1h | $237K | — | 150x | as long as short |
| SoDEX PONS-USD | −0.093% | +0.0100% | 1h | $29K | $465K | 3x | as long as short |
| Phoenix PONS | −0.023% | +0.1558% | 1h | $26K | $51K | 3x | as long as short |
| Phemex PONSUSDTlong | 0.000% | +0.0100% | 4h | $1.8M | $3.4M | 20x | |
| BloFin PONS-USDT | 0.000% | +0.0976% | 4h | $2.0M | $887K | 20x | as long as short |
| Variational Omni PONS | +0.057% | +0.0599% | 4h | $1.9M | $3.5M | — | as long as short |
| HTX PONS-USDT | +0.228% | +0.0100% | 4h | $71K | $483K | 20x | as long as short |
| SunX PONS-USDT | +0.238% | +0.0100% | 4h | — | $1.1M | 10x | as long as short |
| edgeX PONSUSDC | +0.685% | +0.0768% | 4h | $22K | $289K | 10x | as long as short |