Spread before costs (cost unknown: a leg has no order-book sample)−0.501%
7d average+0.047%if it closes, per $10,000$50funding while held, a day−$1.89
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni PONS | 0.6251 | 0.0519 | pay 0.0259% / 4h | 4m 04s | $1.7M | $3.4M | — |
| Short | Lighter RH PONS | 0.6220 | 0.0456 | get 0.0057% / 1h | 4m 04s | $427K | $2.3M | 3x |
Variational Omni PONS
Lighter RH 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
- −$50.1
- Funding while held
- −$1.89
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$51.99
- Spread needed to break even
- 0.000%
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Lighter RH: live order book, 5 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0063%
- Per $10,000 a day
- −$1.89
- 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, 2 min ago | 5.60 bp | doesn't fit | 37.6 bp −$376 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 5 min ago | 5.60 bp | 8.5 bp −$9 | 37.9 bp −$379 | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapest
BingX0.6206+8.156%gTrade (Gains Network)0.6214+8.292%SoDEX0.6214+8.301%Extended0.6215+8.308%Bitget0.6215+8.318%KuCoin0.6216+8.323%OKX0.6216+8.330%Phemex0.6216+8.330%Gate0.6217+8.348%MEXC0.6217+8.348%Binance0.6217+8.349%Aevo0.6217+8.352%Bybit0.6218+8.365%SunX0.6218+8.369%Hyperliquid0.6220+8.395%
Injective
BingX
gTrade (Gains Network)
SoDEX
Extended
Bitget
KuCoin
OKX
Phemex
Gate
MEXC
Binance
Aevo
Bybit
SunX
HyperliquidLighter RH0.6220+8.398%
Polymarket Perps0.6221+8.421%Orderly0.6222+8.438%Popdex0.6224+8.470%Lighter0.6225+8.484%Pacifica0.6229+8.558%BloFin0.6231+8.592%Aster0.6231+8.596%HTX0.6239+8.724%Nado0.6244+8.824%
Polymarket Perps
Orderly
Popdex
Lighter
Pacifica
BloFin
Aster
HTX
NadoVariational Omni0.6251+8.944%
ApeX Omni0.6253+8.982%Phoenix0.6264+9.174%edgeX0.6267+9.227%
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 | −8.210% | +0.0033% | 1h | $590 | $15K | 5.5x | as long as short |
| BingX PONS-USDT | −0.723% | +0.0606% | 4h | — | $3.1M | — | as long as short |
| gTrade (Gains Network) PONS/USD | −0.598% | L +0.0032% / S −0.0031% | 1h | $224K | — | 150x | as long as short |
| SoDEX PONS-USD | −0.591% | +0.0100% | 1h | $28K | $464K | 3x | as long as short |
| Extended PONS-USD | −0.584% | +0.0552% | 1h | $93K | $533K | 5x | as long as short |
| Bitget PONSUSDT | −0.575% | +0.0364% | 4h | $4.8M | $10.7M | 20x | as long as short |
| KuCoin PONSUSDTM | −0.570% | +0.0290% | 4h | $1.8M | $3.2M | 20x | as long as short |
| OKX PONS-USDT-SWAP | −0.563% | +0.0137% | 4h | $14.4M | $54.8M | 20x | as long as short |
| Phemex PONSUSDT | −0.563% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
| Gate PONS_USDT | −0.547% | −0.0280% | 4h | $5.6M | $7.4M | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| MEXC PONS_USDT | −0.547% | +0.0550% | 4h | $7.8M | $5.1M | 20x | as long as short |
| Binance PONSUSDT | −0.546% | +0.0550% | 4h | $41.3M | $92.7M | 20x | as long as short |
| Aevo PONS-PERP | −0.543% | +0.0216% | 1h | $387 | — | 3x | as long as short |
| Bybit PONSUSDT | −0.531% | +0.0617% | 4h | $19.9M | $27.2M | 20x | as long as short |
| SunX PONS-USDT | −0.528% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| Hyperliquid PONS | −0.504% | +0.1015% | 1h | $63.2M | $26.6M | 3x | as long as short |
| Lighter RH PONSshort | −0.501% | +0.0456% | 1h | $427K | $2.3M | 3x | |
| Polymarket Perps PONS-USD | −0.480% | +0.0546% | 1h | $67K | $1.8M | 3x | as long as short |
| Orderly PERP_PONS_USDC_mythos | −0.464% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| Popdex PONSUSDT | −0.435% | +0.0096% | 1h | $19K | $455K | 20x | as long as short |
| Lighter PONS | −0.423% | +0.1160% | 1h | $1.8M | $776K | 3x | as long as short |
| Pacifica PONS | −0.355% | +0.0472% | 1h | $50K | $126K | 3x | as long as short |
| BloFin PONS-USDT | −0.323% | +0.0790% | 4h | $1.9M | $922K | 20x | as long as short |
| Aster PONSUSDT | −0.319% | +0.0203% | 4h | $1.1M | $2.1M | 20x | as long as short |
| HTX PONS-USDT | −0.202% | +0.0100% | 4h | $66K | $491K | 20x | as long as short |
| Nado PONS-PERP | −0.110% | +0.0599% | 1h | $113K | $67K | 5x | as long as short |
| Variational Omni PONSlong | 0.000% | +0.0519% | 4h | $1.7M | $3.4M | — | |
| ApeX Omni PONSUSDT | +0.035% | +0.0100% | 1h | $39K | $314K | 5x | as long as short |
| Phoenix PONS | +0.211% | +0.1489% | 1h | $25K | $51K | 3x | as long as short |
| edgeX PONSUSDC | +0.259% | +0.0560% | 4h | $21K | $290K | 10x | as long as short |