Spread before costs (cost unknown: a leg has no order-book sample)−0.067%
7d average+0.074%if it closes, per $10,000$7funding while held, a day+$7.25
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni PONS | 0.6352 | 0.0542 | pay 0.0271% / 4h | 1h 50m | $1.8M | $3.3M | — |
| Short | Lighter PONS | 0.6348 | 0.0784 | get 0.0098% / 1h | 50m 52s | $1.8M | $728K | 3x |
Variational Omni PONS
Lighter 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
- −$6.74
- Funding while held
- $7.25
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $0.51
- Spread needed to break even
- 0.000%
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Lighter: live order book, 7 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0242%
- Per $10,000 a day
- +$7.25
- 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 | 3.93 bp | doesn't fit | 40.0 bp −$400 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 7 min ago | 5.78 bp | 11.1 bp −$11 | 25.0 bp −$250 | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapest
ApeX Omni0.6311+9.986%edgeX0.6322+10.173%BingX0.6325+10.230%Phoenix0.6328+10.289%Aevo0.6329+10.304%gTrade (Gains Network)0.6332+10.347%OKX0.6334+10.387%Gate0.6334+10.387%MEXC0.6334+10.387%KuCoin0.6334+10.392%Extended0.6335+10.398%Aster0.6335+10.412%Bitget0.6337+10.436%Bybit0.6338+10.457%Phemex0.6338+10.457%Hyperliquid0.6338+10.460%BloFin0.6340+10.491%Binance0.6341+10.509%Orderly0.6341+10.512%SoDEX0.6342+10.526%Lighter RH0.6344+10.559%
Injective
ApeX Omni
BingX
Phoenix
Aevo
gTrade (Gains Network)
OKX
Gate
MEXC
KuCoin
Extended
Aster
Bitget
Bybit
Phemex
Hyperliquid
BloFin
Binance
Orderly
SoDEX
Lighter RHLighter0.6348+10.633%
SunX0.6350+10.657%
SunXVariational Omni0.6352+10.707%
Pacifica0.6359+10.816%HTX0.6359+10.819%Polymarket Perps0.6360+10.833%Nado0.6362+10.875%Popdex0.6363+10.892%
Pacifica
HTX
Polymarket Perps
Nado
PopdexPONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −9.672% | +0.0033% | 1h | $590 | $15K | 5.5x | as long as short |
| ApeX Omni PONSUSDT | −0.651% | −0.0276% | 1h | $40K | $319K | 5x | as long as short |
| edgeX PONSUSDC | −0.482% | +0.0696% | 4h | $22K | $287K | 10x | as long as short |
| BingX PONS-USDT | −0.431% | +0.0730% | 4h | — | $2.9M | — | as long as short |
| Phoenix PONS | −0.377% | +0.1767% | 1h | $26K | $45K | 3x | as long as short |
| Aevo PONS-PERP | −0.364% | +0.0256% | 1h | $394 | — | 3x | as long as short |
| gTrade (Gains Network) PONS/USD | −0.325% | L +0.0032% / S −0.0032% | 1h | $226K | — | 150x | as long as short |
| OKX PONS-USDT-SWAP | −0.289% | +0.0235% | 4h | $15.2M | $56.6M | 20x | as long as short |
| Gate PONS_USDT | −0.289% | +0.1250% | 4h | $5.7M | $7.0M | 20x | as long as short |
| MEXC PONS_USDT | −0.289% | +0.0692% | 4h | $8.0M | $4.8M | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin PONSUSDTM | −0.285% | +0.0580% | 4h | $2.3M | $2.1M | 20x | as long as short |
| Extended PONS-USD | −0.279% | +0.0680% | 1h | $227K | $399K | 5x | as long as short |
| Aster PONSUSDT | −0.266% | +0.0410% | 4h | $1.1M | $2.2M | 20x | as long as short |
| Bitget PONSUSDT | −0.245% | +0.0760% | 4h | $5.0M | $10.3M | 20x | as long as short |
| Bybit PONSUSDT | −0.226% | +0.0684% | 4h | $20.2M | $26.1M | 20x | as long as short |
| Phemex PONSUSDT | −0.226% | +0.0100% | 4h | $1.8M | $3.4M | 20x | as long as short |
| Hyperliquid PONS | −0.223% | +0.1014% | 1h | $64.3M | $25.3M | 3x | as long as short |
| BloFin PONS-USDT | −0.195% | +0.0919% | 4h | $2.0M | $905K | 20x | as long as short |
| Binance PONSUSDT | −0.179% | +0.0679% | 4h | $42.7M | $92.4M | 20x | as long as short |
| Orderly PERP_PONS_USDC_mythos | −0.176% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| SoDEX PONS-USD | −0.163% | +0.0100% | 1h | $29K | $462K | 3x | as long as short |
| Lighter RH PONS | −0.133% | +0.0512% | 1h | $455K | $2.2M | 3x | as long as short |
| Lighter PONSshort | −0.067% | +0.0784% | 1h | $1.8M | $728K | 3x | |
| SunX PONS-USDT | −0.045% | +0.0100% | 4h | — | $1.2M | 10x | as long as short |
| Variational Omni PONSlong | 0.000% | +0.0542% | 4h | $1.8M | $3.3M | — | |
| Pacifica PONS | +0.098% | +0.0858% | 1h | $49K | $165K | 3x | as long as short |
| HTX PONS-USDT | +0.101% | +0.0100% | 4h | $67K | $491K | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.114% | +0.0414% | 1h | $65K | $1.7M | 3x | as long as short |
| Nado PONS-PERP | +0.151% | +0.0538% | 1h | $117K | $67K | 5x | as long as short |
| Popdex PONSUSDT | +0.167% | +0.0096% | 1h | $20K | $470K | 20x | as long as short |