Spread before costs (cost unknown: a leg has no order-book sample)+0.118%
7d average−0.012%if it closes, per $10,000$12funding while held, a day+$0.22
| 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 | 12m 44s | $1.7M | $3.5M | — |
| Short | Polymarket Perps PONS-USD | 0.6210 | 0.0547 | get 0.0068% / 1h | 12m 44s | $67K | $1.8M | 3x |
Variational Omni PONS
Polymarket Perps PONS-USDPrice 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
- $11.81
- Funding while held
- $0.22
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- $4.03
- Spread needed to break even
- 0.080%
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Polymarket Perps: live order book, 2 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0007%
- Per $10,000 a day
- +$0.22
- 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 | 5.64 bp | doesn't fit | 45.9 bp −$459 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 2 min ago | 2.42 bp | 6.8 bp −$7 | 8.3 bp −$83 | doesn't fit | doesn't fit |
PONS price on every exchange
against the cheapest. Click to use as the short leg.Injective0.5738cheapest
BingX0.6196+7.982%
Injective
BingXVariational Omni0.6203+8.103%
Aster0.6204+8.119%edgeX0.6204+8.125%Bybit0.6205+8.139%OKX0.6206+8.156%Pacifica0.6206+8.161%Hyperliquid0.6207+8.165%gTrade (Gains Network)0.6207+8.167%Bitget0.6207+8.172%MEXC0.6207+8.174%KuCoin0.6207+8.175%Orderly0.6208+8.184%Extended0.6208+8.187%Gate0.6208+8.191%Lighter RH0.6208+8.196%Binance0.6209+8.201%Popdex0.6210+8.226%BloFin0.6210+8.226%
Aster
Bybit
OKX
Pacifica
Hyperliquid
gTrade (Gains Network)
Bitget
MEXC
KuCoin
Orderly
Extended
Gate
Lighter RH
Binance
Popdex
BloFinPolymarket Perps0.6210+8.231%
Phoenix0.6211+8.240%SoDEX0.6211+8.252%Phemex0.6212+8.261%SunX0.6212+8.268%Lighter0.6213+8.276%ApeX Omni0.6213+8.283%Nado0.6215+8.313%Aevo0.6216+8.322%HTX0.6225+8.494%
Phoenix
SoDEX
Phemex
SunX
Lighter
ApeX Omni
Nado
Aevo
HTXPONS on 30 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −7.496% | +0.0033% | 1h | $590 | $15K | 5.5x | as long as short |
| BingX PONS-USDT | −0.112% | +0.0626% | 4h | — | $3.1M | — | as long as short |
| Variational Omni PONSlong | 0.000% | +0.0540% | 4h | $1.7M | $3.5M | — | |
| Aster PONSUSDT | +0.014% | +0.0218% | 4h | $1.1M | $2.2M | 20x | as long as short |
| edgeX PONSUSDC | +0.020% | +0.0568% | 4h | $21K | $290K | 10x | as long as short |
| Bybit PONSUSDT | +0.033% | +0.0650% | 4h | $19.9M | $27.2M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.049% | +0.0143% | 4h | $14.4M | $54.6M | 20x | as long as short |
| Pacifica PONS | +0.054% | +0.0472% | 1h | $50K | $166K | 3x | as long as short |
| Hyperliquid PONS | +0.057% | +0.1057% | 1h | $63.1M | $26.7M | 3x | as long as short |
| gTrade (Gains Network) PONS/USD | +0.059% | L +0.0032% / S −0.0031% | 1h | $224K | — | 150x | as long as short |
Show all 30 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget PONSUSDT | +0.063% | +0.0396% | 4h | $4.8M | $10.7M | 20x | as long as short |
| MEXC PONS_USDT | +0.065% | +0.0540% | 4h | $7.8M | $5.1M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.067% | +0.0330% | 4h | $1.8M | $3.1M | 20x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.075% | +0.0100% | 4h | $2K | $2K | 10x | as long as short |
| Extended PONS-USD | +0.077% | +0.0544% | 1h | $93K | $533K | 5x | as long as short |
| Gate PONS_USDT | +0.081% | −0.0080% | 4h | $5.5M | $7.3M | 20x | as long as short |
| Lighter RH PONS | +0.086% | +0.0360% | 1h | $433K | $2.2M | 3x | as long as short |
| Binance PONSUSDT | +0.090% | +0.0543% | 4h | $41.4M | $92.9M | 20x | as long as short |
| Popdex PONSUSDT | +0.113% | +0.0096% | 1h | $19K | $461K | 20x | as long as short |
| BloFin PONS-USDT | +0.113% | +0.0782% | 4h | $1.9M | $912K | 20x | as long as short |
| Polymarket Perps PONS-USDshort | +0.118% | +0.0547% | 1h | $67K | $1.8M | 3x | |
| Phoenix PONS | +0.126% | +0.1489% | 1h | $25K | $51K | 3x | as long as short |
| SoDEX PONS-USD | +0.137% | +0.0100% | 1h | $28K | $469K | 3x | as long as short |
| Phemex PONSUSDT | +0.146% | +0.0100% | 4h | $1.7M | $3.3M | 20x | as long as short |
| SunX PONS-USDT | +0.152% | +0.0100% | 4h | — | $1.4M | 10x | as long as short |
| Lighter PONS | +0.160% | +0.1040% | 1h | $1.8M | $772K | 3x | as long as short |
| ApeX Omni PONSUSDT | +0.166% | +0.0100% | 1h | $39K | $318K | 5x | as long as short |
| Nado PONS-PERP | +0.194% | +0.0625% | 1h | $113K | $67K | 5x | as long as short |
| Aevo PONS-PERP | +0.202% | +0.0216% | 1h | $387 | — | 3x | as long as short |
| HTX PONS-USDT | +0.362% | +0.0100% | 4h | $66K | $496K | 20x | as long as short |