Spread before costs (cost unknown: a leg has no order-book sample)−8.825%
7d average—if it closes, per $10,000$883funding while held, a day−$2.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX PONS-USD | 0.6293 | 0.0100 | pay 0.0013% / 1h | 42m 17s | $28K | $484K | 3x |
| Short | Injective PONS/USDC PERP | 0.5738 | 0.0033 | get 0.0004% / 1h | 42m 17s | $590 | $15K | 5.5x |
SoDEX PONS-USD
Injective PONS/USDC PERPPrice 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
- −$882.51
- Funding while held
- −$2
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$892.53
- Spread needed to break even
- 0.080%
Slippage unknown: SoDEX: live order book, 8 min ago; Injective: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0067%
- Per $10,000 a day
- −$2.00
- 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 SoDEX live order book, 8 min ago | 1.58 bp | 62.0 bp −$62 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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
BingX0.6283+9.498%Pacifica0.6286+9.543%KuCoin0.6287+9.566%OKX0.6287+9.568%Extended0.6288+9.585%Bybit0.6289+9.603%gTrade (Gains Network)0.6289+9.607%Binance0.6289+9.610%Bitget0.6290+9.618%MEXC0.6291+9.638%Phemex0.6291+9.638%Aevo0.6291+9.646%Polymarket Perps0.6292+9.664%Lighter0.6293+9.667%Orderly0.6293+9.674%
BingX
Pacifica
KuCoin
OKX
Extended
Bybit
gTrade (Gains Network)
Binance
Bitget
MEXC
Phemex
Aevo
Polymarket Perps
Lighter
OrderlySoDEX0.6293+9.679%
Lighter RH0.6294+9.695%Nado0.6295+9.707%SunX0.6296+9.723%Popdex0.6296+9.725%Gate0.6298+9.759%Hyperliquid0.6298+9.765%BloFin0.6300+9.794%Aster0.6302+9.821%HTX0.6306+9.897%edgeX0.6339+10.471%ApeX Omni0.6342+10.519%Phoenix0.6343+10.544%Variational Omni0.6353+10.723%
Lighter RH
Nado
SunX
Popdex
Gate
Hyperliquid
BloFin
Aster
HTX
ApeX Omni
Phoenix
Variational OmniPONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERPshort | −8.825% | +0.0033% | 1h | $590 | $15K | 5.5x | |
| BingX PONS-USDT | −0.165% | +0.0716% | 4h | — | $2.9M | — | as long as short |
| Pacifica PONS | −0.124% | +0.0472% | 1h | $48K | $166K | 3x | as long as short |
| KuCoin PONSUSDTM | −0.103% | +0.0480% | 4h | $1.8M | $3.1M | 20x | as long as short |
| OKX PONS-USDT-SWAP | −0.102% | +0.0166% | 4h | $14.9M | $55.5M | 20x | as long as short |
| Extended PONS-USD | −0.086% | +0.0600% | 1h | $94K | $536K | 5x | as long as short |
| Bybit PONSUSDT | −0.070% | +0.0762% | 4h | $20.4M | $26.9M | 20x | as long as short |
| gTrade (Gains Network) PONS/USD | −0.066% | L +0.0032% / S −0.0031% | 1h | $227K | — | 150x | as long as short |
| Binance PONSUSDT | −0.063% | +0.0604% | 4h | $42.3M | $93.5M | 20x | as long as short |
| Bitget PONSUSDT | −0.056% | +0.0528% | 4h | $4.9M | $10.8M | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| MEXC PONS_USDT | −0.038% | +0.0618% | 4h | $8.2M | $4.9M | 20x | as long as short |
| Phemex PONSUSDT | −0.038% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
| Aevo PONS-PERP | −0.030% | +0.0232% | 1h | $392 | — | 3x | as long as short |
| Polymarket Perps PONS-USD | −0.014% | +0.0542% | 1h | $76K | $1.8M | 3x | as long as short |
| Lighter PONS | −0.011% | +0.0928% | 1h | $1.8M | $714K | 3x | as long as short |
| Orderly PERP_PONS_USDC_mythos | −0.005% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| SoDEX PONS-USDlong | 0.000% | +0.0100% | 1h | $28K | $484K | 3x | |
| Lighter RH PONS | +0.014% | +0.0224% | 1h | $435K | $2.2M | 3x | as long as short |
| Nado PONS-PERP | +0.025% | +0.0676% | 1h | $114K | $67K | 5x | as long as short |
| SunX PONS-USDT | +0.040% | +0.0100% | 4h | — | $1.3M | 10x | as long as short |
| Popdex PONSUSDT | +0.041% | +0.0096% | 1h | $20K | $470K | 20x | as long as short |
| Gate PONS_USDT | +0.073% | +0.0100% | 4h | $5.7M | $6.9M | 20x | as long as short |
| Hyperliquid PONS | +0.078% | +0.1101% | 1h | $64.3M | $26.2M | 3x | as long as short |
| BloFin PONS-USDT | +0.105% | +0.0859% | 4h | $1.9M | $920K | 20x | as long as short |
| Aster PONSUSDT | +0.129% | +0.0420% | 4h | $1.1M | $2.2M | 20x | as long as short |
| HTX PONS-USDT | +0.199% | +0.0100% | 4h | $67K | $497K | 20x | as long as short |
| edgeX PONSUSDC | +0.721% | +0.0604% | 4h | $22K | $290K | 10x | as long as short |
| ApeX Omni PONSUSDT | +0.766% | +0.0100% | 1h | $40K | $318K | 5x | as long as short |
| Phoenix PONS | +0.788% | +0.1489% | 1h | $26K | $51K | 3x | as long as short |
| Variational Omni PONS | +0.951% | +0.0612% | 4h | $1.8M | $3.4M | — | as long as short |