Spread before costs (cost unknown: a leg has no order-book sample)−0.533%
7d average—if it closes, per $10,000$53funding while held, a day−$20.95
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix PONS | 0.6264 | 0.1489 | pay 0.0186% / 1h | 4m 18s | $25K | $51K | 3x |
| Short | BloFin PONS-USDT | 0.6231 | 0.0790 | get 0.0395% / 4h | 4m 18s | $1.9M | $922K | 20x |
Phoenix PONS
BloFin PONS-USDTPrice 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
- −$53.32
- Funding while held
- −$20.95
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$93.26
- Spread needed to break even
- 0.190%
Slippage unknown: Phoenix: no order-book sample; BloFin: live order book, 5 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0698%
- Per $10,000 a day
- −$20.95
- 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell BloFin live order book, 5 min ago | 2.40 bp | 10.7 bp −$11 | 34.6 bp −$346 | doesn't fit | doesn't fit |
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.Injective0.5738cheapest
BingX0.6205+8.139%Bybit0.6213+8.278%gTrade (Gains Network)0.6214+8.292%OKX0.6214+8.296%SoDEX0.6214+8.301%Binance0.6215+8.305%Extended0.6215+8.308%Bitget0.6216+8.327%Phemex0.6216+8.330%Aevo0.6217+8.352%MEXC0.6218+8.365%SunX0.6218+8.369%Lighter RH0.6220+8.398%Polymarket Perps0.6221+8.421%Orderly0.6222+8.438%Gate0.6223+8.452%Popdex0.6224+8.470%Hyperliquid0.6224+8.475%Lighter0.6225+8.484%KuCoin0.6226+8.505%Pacifica0.6229+8.558%
Injective
BingX
Bybit
gTrade (Gains Network)
OKX
SoDEX
Binance
Extended
Bitget
Phemex
Aevo
MEXC
SunX
Lighter RH
Polymarket Perps
Orderly
Gate
Popdex
Hyperliquid
Lighter
KuCoin
PacificaBloFin0.6231+8.592%
Aster0.6234+8.640%HTX0.6239+8.724%Nado0.6244+8.824%Variational Omni0.6251+8.944%ApeX Omni0.6253+8.982%
Aster
HTX
Nado
Variational Omni
ApeX OmniPhoenix0.6264+9.174%
edgeX0.6267+9.227%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 | −8.403% | +0.0033% | 1h | $590 | $15K | 5.5x | as long as short |
| BingX PONS-USDT | −0.948% | +0.0606% | 4h | — | $3.1M | — | as long as short |
| Bybit PONSUSDT | −0.821% | +0.0617% | 4h | $19.9M | $27.2M | 20x | as long as short |
| gTrade (Gains Network) PONS/USD | −0.808% | L +0.0032% / S −0.0031% | 1h | $224K | — | 150x | as long as short |
| OKX PONS-USDT-SWAP | −0.805% | +0.0137% | 4h | $14.4M | $54.8M | 20x | as long as short |
| SoDEX PONS-USD | −0.800% | +0.0100% | 1h | $28K | $464K | 3x | as long as short |
| Binance PONSUSDT | −0.796% | +0.0550% | 4h | $41.3M | $92.7M | 20x | as long as short |
| Extended PONS-USD | −0.793% | +0.0552% | 1h | $93K | $533K | 5x | as long as short |
| Bitget PONSUSDT | −0.776% | +0.0364% | 4h | $4.8M | $10.7M | 20x | as long as short |
| Phemex PONSUSDT | −0.773% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aevo PONS-PERP | −0.753% | +0.0216% | 1h | $387 | — | 3x | as long as short |
| MEXC PONS_USDT | −0.741% | +0.0550% | 4h | $7.8M | $5.1M | 20x | as long as short |
| SunX PONS-USDT | −0.738% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| Lighter RH PONS | −0.710% | +0.0456% | 1h | $427K | $2.3M | 3x | as long as short |
| Polymarket Perps PONS-USD | −0.690% | +0.0546% | 1h | $67K | $1.8M | 3x | as long as short |
| Orderly PERP_PONS_USDC_mythos | −0.674% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| Gate PONS_USDT | −0.661% | −0.0280% | 4h | $5.6M | $7.3M | 20x | as long as short |
| Popdex PONSUSDT | −0.645% | +0.0096% | 1h | $19K | $455K | 20x | as long as short |
| Hyperliquid PONS | −0.640% | +0.1018% | 1h | $63.2M | $26.6M | 3x | as long as short |
| Lighter PONS | −0.632% | +0.1160% | 1h | $1.8M | $776K | 3x | as long as short |
| KuCoin PONSUSDTM | −0.613% | +0.0290% | 4h | $1.8M | $3.2M | 20x | as long as short |
| Pacifica PONS | −0.564% | +0.0472% | 1h | $50K | $126K | 3x | as long as short |
| BloFin PONS-USDTshort | −0.533% | +0.0790% | 4h | $1.9M | $922K | 20x | |
| Aster PONSUSDT | −0.489% | +0.0203% | 4h | $1.1M | $2.1M | 20x | as long as short |
| HTX PONS-USDT | −0.412% | +0.0100% | 4h | $66K | $491K | 20x | as long as short |
| Nado PONS-PERP | −0.320% | +0.0599% | 1h | $113K | $67K | 5x | as long as short |
| Variational Omni PONS | −0.210% | +0.0519% | 4h | $1.7M | $3.4M | — | as long as short |
| ApeX Omni PONSUSDT | −0.176% | +0.0100% | 1h | $39K | $314K | 5x | as long as short |
| Phoenix PONSlong | 0.000% | +0.1489% | 1h | $25K | $51K | 3x | |
| edgeX PONSUSDC | +0.048% | +0.0560% | 4h | $21K | $290K | 10x | as long as short |