Spread before costs (cost unknown: a leg has no order-book sample)−0.353%
7d average—if it closes, per $10,000$35funding while held, a day+$35.97
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni PONS | 0.5870 | 0.0100 | pay 0.0050% / 4h | 59m 13s | $1.2M | $4.1M | — |
| Short | Phoenix PONS | 0.5849 | 0.1299 | get 0.0162% / 1h | 59m 13s | $27K | $70K | 3x |
Variational Omni PONS
Phoenix 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
- −$35.35
- Funding while held
- $35.97
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$6.38
- Spread needed to break even
- 0.070%
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Phoenix: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.1199%
- Per $10,000 a day
- +$35.97
- 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 | 4.28 bp | doesn't fit | 38.5 bp −$385 | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Phoenix: 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.gTrade (Gains Network)0.5846cheapestAster0.5847+0.011%OKX0.5847+0.017%SoDEX0.5848+0.033%Pacifica0.5848+0.035%Bybit0.5848+0.035%Phemex0.5848+0.035%
gTrade (Gains Network)
Aster
OKX
SoDEX
Pacifica
Bybit
PhemexPhoenix0.5849+0.050%
SunX0.5849+0.053%Hyperliquid0.5849+0.060%KuCoin0.5849+0.060%Polymarket Perps0.5849+0.060%Nado0.5850+0.075%Bitget0.5851+0.079%Extended0.5851+0.084%Popdex0.5851+0.086%MEXC0.5851+0.086%Aevo0.5852+0.096%BingX0.5852+0.103%BloFin0.5852+0.103%Lighter RH0.5853+0.118%Binance0.5854+0.135%Gate0.5854+0.137%Orderly0.5857+0.180%edgeX0.5859+0.221%Lighter0.5859+0.226%Injective0.5863+0.289%HTX0.5865+0.319%
SunX
Hyperliquid
KuCoin
Polymarket Perps
Nado
Bitget
Extended
Popdex
MEXC
Aevo
BingX
BloFin
Lighter RH
Binance
Gate
Orderly
Lighter
Injective
HTXVariational Omni0.5870+0.405%
ApeX Omni0.5881+0.599%
ApeX OmniPONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) PONS/USD | −0.403% | L +0.0032% / S −0.0032% | 1h | $211K | — | 150x | as long as short |
| Aster PONSUSDT | −0.393% | +0.0117% | 4h | $1.1M | $2.1M | 20x | as long as short |
| OKX PONS-USDT-SWAP | −0.386% | +0.0174% | 4h | $13.0M | $55.5M | 20x | as long as short |
| SoDEX PONS-USD | −0.370% | +0.0100% | 1h | $27K | $536K | 3x | as long as short |
| Pacifica PONS | −0.369% | +0.0157% | 1h | $46K | $115K | 3x | as long as short |
| Bybit PONSUSDT | −0.369% | +0.0100% | 4h | $17.3M | $31.2M | 20x | as long as short |
| Phemex PONSUSDT | −0.369% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
| Phoenix PONSshort | −0.353% | +0.1299% | 1h | $27K | $70K | 3x | |
| SunX PONS-USDT | −0.350% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| Hyperliquid PONS | −0.343% | +0.0100% | 1h | $58.2M | $29.9M | 3x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin PONSUSDTM | −0.343% | +0.0100% | 4h | $1.7M | $3.5M | 20x | as long as short |
| Polymarket Perps PONS-USD | −0.343% | +0.0886% | 1h | $53K | $1.8M | 3x | as long as short |
| Nado PONS-PERP | −0.328% | +0.0100% | 1h | $72K | $95K | 5x | as long as short |
| Bitget PONSUSDT | −0.324% | +0.0146% | 4h | $4.6M | $11.5M | 20x | as long as short |
| Extended PONS-USD | −0.320% | +0.0248% | 1h | $87K | $535K | 5x | as long as short |
| Popdex PONSUSDT | −0.318% | +0.0096% | 1h | $20K | $498K | 20x | as long as short |
| MEXC PONS_USDT | −0.318% | +0.0246% | 4h | $7.1M | $5.2M | 20x | as long as short |
| Aevo PONS-PERP | −0.308% | +0.0144% | 1h | $365 | — | 3x | as long as short |
| BingX PONS-USDT | −0.301% | +0.0252% | 4h | — | $3.2M | — | as long as short |
| BloFin PONS-USDT | −0.301% | +0.0487% | 4h | $1.7M | $965K | 20x | as long as short |
| Lighter RH PONS | −0.285% | +0.0096% | 1h | $417K | $2.3M | 3x | as long as short |
| Binance PONSUSDT | −0.269% | +0.0247% | 4h | $37.8M | $99.1M | 20x | as long as short |
| Gate PONS_USDT | −0.267% | −0.0016% | 4h | $5.2M | $7.1M | 20x | as long as short |
| Orderly PERP_PONS_USDC_mythos | −0.224% | +0.0100% | 4h | $2K | $3K | 10x | as long as short |
| edgeX PONSUSDC | −0.183% | +0.0268% | 4h | $20K | $294K | 10x | as long as short |
| Lighter PONS | −0.178% | +0.0880% | 1h | $1.7M | $867K | 3x | as long as short |
| Injective PONS/USDC PERP | −0.115% | −0.0008% | 1h | $603 | $6K | 5.5x | as long as short |
| HTX PONS-USDT | −0.086% | +0.0100% | 4h | $63K | $503K | 20x | as long as short |
| Variational Omni PONSlong | 0.000% | +0.0100% | 4h | $1.2M | $4.1M | — | |
| ApeX Omni PONSUSDT | +0.193% | +0.0100% | 1h | $34K | $315K | 5x | as long as short |