Spread before costs (cost unknown: a leg has no order-book sample)−0.159%
7d average+0.048%if it closes, per $10,000$16funding while held, a day+$12.44
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni PONS | 0.5813 | 0.0100 | pay 0.0050% / 4h | 1h 40m | $1.3M | $4.1M | — |
| Short | BloFin PONS-USDT | 0.5804 | 0.0515 | get 0.0257% / 4h | 1h 40m | $1.7M | $979K | 20x |
Variational Omni 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
- −$15.93
- Funding while held
- $12.44
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$15.49
- Spread needed to break even
- 0.120%
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; BloFin: live order book, 4 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0415%
- Per $10,000 a day
- +$12.44
- 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 Variational Omni RFQ quote, 5 min ago | 6.84 bp | doesn't fit | 30.8 bp −$308 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 4 min ago | 6.00 bp | 15.2 bp −$15 | 28.4 bp −$284 | 106.9 bp −$10.7K | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapest
InjectiveBloFin0.5804+1.150%
gTrade (Gains Network)0.5805+1.168%Aster0.5807+1.203%Phemex0.5809+1.237%SunX0.5809+1.244%SoDEX0.5809+1.246%Bybit0.5810+1.255%Extended0.5811+1.272%Nado0.5811+1.272%KuCoin0.5811+1.272%Aevo0.5812+1.281%Pacifica0.5812+1.286%OKX0.5812+1.290%Popdex0.5812+1.290%BingX0.5812+1.290%Binance0.5813+1.304%Polymarket Perps0.5813+1.307%
gTrade (Gains Network)
Aster
Phemex
SunX
SoDEX
Bybit
Extended
Nado
KuCoin
Aevo
Pacifica
OKX
Popdex
BingX
Binance
Polymarket PerpsVariational Omni0.5813+1.312%
Lighter RH0.5814+1.325%MEXC0.5814+1.325%Hyperliquid0.5816+1.363%Orderly0.5818+1.391%Gate0.5819+1.412%Bitget0.5819+1.415%Lighter0.5819+1.419%HTX0.5819+1.419%edgeX0.5835+1.683%ApeX Omni0.5839+1.757%Phoenix0.5839+1.758%
Lighter RH
MEXC
Hyperliquid
Orderly
Gate
Bitget
Lighter
HTX
ApeX Omni
PhoenixPONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −1.295% | +0.0033% | 1h | $590 | $3K | 5.5x | as long as short |
| BloFin PONS-USDTshort | −0.159% | +0.0515% | 4h | $1.7M | $979K | 20x | |
| gTrade (Gains Network) PONS/USD | −0.142% | L +0.0032% / S −0.0032% | 1h | $210K | — | 150x | as long as short |
| Aster PONSUSDT | −0.107% | +0.0100% | 4h | $1.1M | $2.1M | 20x | as long as short |
| Phemex PONSUSDT | −0.073% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
| SunX PONS-USDT | −0.066% | +0.0100% | 4h | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USD | −0.065% | +0.0100% | 1h | $26K | $533K | 3x | as long as short |
| Bybit PONSUSDT | −0.056% | +0.0100% | 4h | $16.9M | $31.2M | 20x | as long as short |
| Extended PONS-USD | −0.039% | +0.0272% | 1h | $87K | $542K | 5x | as long as short |
| Nado PONS-PERP | −0.039% | +0.0100% | 1h | $72K | $94K | 5x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin PONSUSDTM | −0.039% | +0.0100% | 4h | $1.7M | $3.5M | 20x | as long as short |
| Aevo PONS-PERP | −0.030% | +0.0152% | 1h | $362 | — | 3x | as long as short |
| Pacifica PONS | −0.025% | +0.0157% | 1h | $46K | $119K | 3x | as long as short |
| OKX PONS-USDT-SWAP | −0.022% | +0.0157% | 4h | $12.9M | $55.7M | 20x | as long as short |
| Popdex PONSUSDT | −0.022% | +0.0096% | 1h | $20K | $512K | 20x | as long as short |
| BingX PONS-USDT | −0.022% | +0.0292% | 4h | — | $3.3M | — | as long as short |
| Binance PONSUSDT | −0.008% | +0.0266% | 4h | $37.5M | $99.6M | 20x | as long as short |
| Polymarket Perps PONS-USD | −0.005% | +0.0426% | 1h | $72K | $1.8M | 3x | as long as short |
| Variational Omni PONSlong | 0.000% | +0.0100% | 4h | $1.3M | $4.1M | — | |
| Lighter RH PONS | +0.013% | +0.0400% | 1h | $414K | $2.4M | 3x | as long as short |
| MEXC PONS_USDT | +0.013% | +0.0274% | 4h | $7.0M | $5.3M | 20x | as long as short |
| Hyperliquid PONS | +0.051% | +0.0100% | 1h | $57.9M | $29.9M | 3x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.078% | +0.0100% | 4h | $2K | $3K | 10x | as long as short |
| Gate PONS_USDT | +0.099% | −0.0068% | 4h | $5.2M | $7.2M | 20x | as long as short |
| Bitget PONSUSDT | +0.102% | +0.0130% | 4h | $4.5M | $11.6M | 20x | as long as short |
| Lighter PONS | +0.106% | +0.0944% | 1h | $1.7M | $867K | 3x | as long as short |
| HTX PONS-USDT | +0.106% | +0.0100% | 4h | $61K | $499K | 20x | as long as short |
| edgeX PONSUSDC | +0.367% | +0.0288% | 4h | $20K | $291K | 10x | as long as short |
| ApeX Omni PONSUSDT | +0.439% | +0.0100% | 1h | $34K | $318K | 5x | as long as short |
| Phoenix PONS | +0.441% | +0.1299% | 1h | $24K | $70K | 3x | as long as short |