Spread before costs (cost unknown: a leg has no order-book sample)+0.103%
7d average−0.008%if it closes, per $10,000$10funding while held, a day+$0.83
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni PONS | 0.5891 | 0.0126 | pay 0.0063% / 4h | 2h 32m | $1.2M | $3.9M | — |
| Short | Nado PONS-PERP | 0.5897 | 0.0153 | get 0.0019% / 1h | 32m 46s | $73K | $94K | 5x |
Variational Omni PONS
Nado PONS-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
- $10.28
- Funding while held
- $0.83
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Nado: 0 bp × 2 orders
- $0
- Net
- $11.11
- Spread needed to break even
- 0.000%
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Nado: live order book, 67 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0028%
- Per $10,000 a day
- +$0.83
- 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, 3 min ago | 4.22 bp | doesn't fit | 38.0 bp −$380 | doesn't fit | doesn't fit |
| Sell Nado live order book, 67 min ago | 16.40 bp | 49.2 bp −$49 | doesn't fit | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapestOKX0.5873+2.353%Bybit0.5874+2.370%Pacifica0.5880+2.476%Binance0.5880+2.483%Aster0.5883+2.535%Hyperliquid0.5885+2.564%Lighter RH0.5886+2.578%BingX0.5886+2.579%Bitget0.5887+2.600%Lighter0.5888+2.612%gTrade (Gains Network)0.5888+2.614%Gate0.5889+2.632%
Injective
OKX
Bybit
Pacifica
Binance
Aster
Hyperliquid
Lighter RH
BingX
Bitget
Lighter
gTrade (Gains Network)
GateVariational Omni0.5891+2.665%
KuCoin0.5892+2.679%MEXC0.5894+2.719%Aevo0.5894+2.720%Extended0.5894+2.723%HTX0.5897+2.766%
KuCoin
MEXC
Aevo
Extended
HTXNado0.5897+2.771%
SunX0.5898+2.781%Orderly0.5898+2.787%SoDEX0.5898+2.787%Popdex0.5898+2.788%Polymarket Perps0.5898+2.788%edgeX0.5900+2.815%Phemex0.5901+2.841%BloFin0.5902+2.858%ApeX Omni0.5917+3.128%Phoenix0.5924+3.233%
SunX
Orderly
SoDEX
Popdex
Polymarket Perps
Phemex
BloFin
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 | −2.596% | +0.0033% | 1h | $590 | $7K | 5.5x | as long as short |
| OKX PONS-USDT-SWAP | −0.305% | +0.0136% | 4h | $13.2M | $55.3M | 20x | as long as short |
| Bybit PONSUSDT | −0.288% | +0.0100% | 4h | $17.6M | $30.1M | 20x | as long as short |
| Pacifica PONS | −0.185% | +0.0285% | 1h | $49K | $119K | 3x | as long as short |
| Binance PONSUSDT | −0.178% | +0.0326% | 4h | $38.3M | $97.9M | 20x | as long as short |
| Aster PONSUSDT | −0.127% | +0.0100% | 4h | $1.1M | $2.1M | 20x | as long as short |
| Hyperliquid PONS | −0.099% | +0.0202% | 1h | $58.8M | $29.1M | 3x | as long as short |
| Lighter RH PONS | −0.086% | +0.0096% | 1h | $408K | $2.3M | 3x | as long as short |
| BingX PONS-USDT | −0.084% | +0.0356% | 4h | — | $3.2M | — | as long as short |
| Bitget PONSUSDT | −0.064% | +0.0166% | 4h | $4.5M | $11.3M | 20x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Lighter PONS | −0.052% | +0.0528% | 1h | $1.7M | $855K | 3x | as long as short |
| gTrade (Gains Network) PONS/USD | −0.050% | L +0.0032% / S −0.0032% | 1h | $214K | — | 150x | as long as short |
| Gate PONS_USDT | −0.033% | +0.0100% | 4h | $5.3M | $7.7M | 20x | as long as short |
| Variational Omni PONSlong | 0.000% | +0.0126% | 4h | $1.2M | $3.9M | — | |
| KuCoin PONSUSDTM | +0.013% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
| MEXC PONS_USDT | +0.052% | +0.0332% | 4h | $7.3M | $5.2M | 20x | as long as short |
| Aevo PONS-PERP | +0.053% | +0.0160% | 1h | $367 | — | 3x | as long as short |
| Extended PONS-USD | +0.056% | +0.0328% | 1h | $88K | $539K | 5x | as long as short |
| HTX PONS-USDT | +0.098% | +0.0100% | 4h | $62K | $496K | 20x | as long as short |
| Nado PONS-PERPshort | +0.103% | +0.0153% | 1h | $73K | $94K | 5x | |
| SunX PONS-USDT | +0.113% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.118% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| SoDEX PONS-USD | +0.118% | +0.0100% | 1h | $26K | $509K | 3x | as long as short |
| Popdex PONSUSDT | +0.120% | +0.0096% | 1h | $18K | $493K | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.120% | +0.0331% | 1h | $47K | $1.8M | 3x | as long as short |
| edgeX PONSUSDC | +0.146% | +0.0350% | 4h | $21K | $292K | 10x | as long as short |
| Phemex PONSUSDT | +0.171% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
| BloFin PONS-USDT | +0.188% | +0.0566% | 4h | $1.7M | $968K | 20x | as long as short |
| ApeX Omni PONSUSDT | +0.451% | +0.0100% | 1h | $30K | $321K | 5x | as long as short |
| Phoenix PONS | +0.553% | +0.1523% | 1h | $24K | $61K | 3x | as long as short |