Spread before costs (cost unknown: a leg has no order-book sample)−7.496%
7d average—if it closes, per $10,000$750funding while held, a day−$15.19
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni PONS | 0.6203 | 0.0540 | pay 0.0270% / 4h | 14m 08s | $1.7M | $3.5M | — |
| Short | Injective PONS/USDC PERP | 0.5738 | 0.0033 | get 0.0004% / 1h | 14m 08s | $590 | $15K | 5.5x |
Variational Omni PONS
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
- −$749.6
- Funding while held
- −$15.19
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$764.8
- Spread needed to break even
- 0.000%
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Injective: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0506%
- Per $10,000 a day
- −$15.19
- 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, 1 min ago | 5.64 bp | doesn't fit | 45.9 bp −$459 | 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
BingX0.6197+7.999%gTrade (Gains Network)0.6202+8.082%KuCoin0.6202+8.092%Aster0.6203+8.103%
BingX
gTrade (Gains Network)
KuCoin
AsterVariational Omni0.6203+8.103%
BloFin0.6205+8.139%Extended0.6207+8.168%MEXC0.6207+8.174%Aevo0.6207+8.179%SoDEX0.6208+8.182%Pacifica0.6208+8.186%Phemex0.6208+8.191%Lighter RH0.6209+8.208%Gate0.6209+8.208%Bitget0.6210+8.219%edgeX0.6210+8.231%Hyperliquid0.6211+8.239%Phoenix0.6211+8.240%Orderly0.6212+8.257%Nado0.6212+8.261%Lighter0.6213+8.275%Binance0.6213+8.276%Popdex0.6213+8.278%SunX0.6213+8.285%Polymarket Perps0.6215+8.306%OKX0.6217+8.348%Bybit0.6219+8.383%HTX0.6220+8.405%ApeX Omni0.6236+8.681%
BloFin
Extended
MEXC
Aevo
SoDEX
Pacifica
Phemex
Lighter RH
Gate
Bitget
Hyperliquid
Phoenix
Orderly
Nado
Lighter
Binance
Popdex
SunX
Polymarket Perps
OKX
Bybit
HTX
ApeX 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 | −7.496% | +0.0033% | 1h | $590 | $15K | 5.5x | |
| BingX PONS-USDT | −0.096% | +0.0628% | 4h | — | $3.1M | — | as long as short |
| gTrade (Gains Network) PONS/USD | −0.020% | L +0.0032% / S −0.0031% | 1h | $224K | — | 150x | as long as short |
| KuCoin PONSUSDTM | −0.011% | +0.0342% | 4h | $1.8M | $3.1M | 20x | as long as short |
| Aster PONSUSDT | 0.000% | +0.0212% | 4h | $1.1M | $2.2M | 20x | as long as short |
| Variational Omni PONSlong | 0.000% | +0.0540% | 4h | $1.7M | $3.5M | — | |
| BloFin PONS-USDT | +0.033% | +0.0781% | 4h | $1.9M | $910K | 20x | as long as short |
| Extended PONS-USD | +0.059% | +0.0544% | 1h | $93K | $533K | 5x | as long as short |
| MEXC PONS_USDT | +0.065% | +0.0540% | 4h | $7.9M | $5.1M | 20x | as long as short |
| Aevo PONS-PERP | +0.070% | +0.0216% | 1h | $387 | — | 3x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SoDEX PONS-USD | +0.073% | +0.0100% | 1h | $28K | $470K | 3x | as long as short |
| Pacifica PONS | +0.077% | +0.0472% | 1h | $50K | $166K | 3x | as long as short |
| Phemex PONSUSDT | +0.081% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
| Lighter RH PONS | +0.097% | +0.0376% | 1h | $433K | $2.2M | 3x | as long as short |
| Gate PONS_USDT | +0.097% | −0.0020% | 4h | $5.5M | $7.3M | 20x | as long as short |
| Bitget PONSUSDT | +0.107% | +0.0406% | 4h | $4.8M | $10.8M | 20x | as long as short |
| edgeX PONSUSDC | +0.118% | +0.0577% | 4h | $21K | $290K | 10x | as long as short |
| Hyperliquid PONS | +0.125% | +0.1059% | 1h | $63.1M | $26.7M | 3x | as long as short |
| Phoenix PONS | +0.126% | +0.1489% | 1h | $25K | $51K | 3x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.142% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| Nado PONS-PERP | +0.146% | +0.0624% | 1h | $113K | $67K | 5x | as long as short |
| Lighter PONS | +0.158% | +0.0992% | 1h | $1.8M | $772K | 3x | as long as short |
| Binance PONSUSDT | +0.160% | +0.0541% | 4h | $41.4M | $93.1M | 20x | as long as short |
| Popdex PONSUSDT | +0.162% | +0.0096% | 1h | $19K | $462K | 20x | as long as short |
| SunX PONS-USDT | +0.168% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| Polymarket Perps PONS-USD | +0.187% | +0.0549% | 1h | $67K | $1.8M | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.226% | +0.0143% | 4h | $14.4M | $54.8M | 20x | as long as short |
| Bybit PONSUSDT | +0.258% | +0.0659% | 4h | $19.9M | $27.2M | 20x | as long as short |
| HTX PONS-USDT | +0.279% | +0.0100% | 4h | $66K | $497K | 20x | as long as short |
| ApeX Omni PONSUSDT | +0.534% | +0.0100% | 1h | $39K | $318K | 5x | as long as short |