Funding you earn now, next payment 09:00 UTC−0.0132%/8h= −14.5% APRnext payment −$0.17 per $10,000 · paid last 24h −0.027%
Price spread now: SoDEX against Aevo−0.159%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and SoDEX is 0.159% cheaper against Aevo than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo PONS-PERP | 0.6172 | 0.0232 | pay 0.0029% / 1h | 58m 32s | $385 | — | 3x |
| Short | SoDEX PONS-USD | 0.6162 | 0.0100 | get 0.0013% / 1h | 58m 32s | $26K | $634K | 3x |
Aevo PONS-PERP
SoDEX PONS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX against Aevo. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$27.72
- Price spread: −0.159% → 0.000%
- −$15.93
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$67.65
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: Aevo: no order-book sample; SoDEX: live order book, 40 min ago. Net counts fees only.
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 Aevo no order-book sample | — | — | — | — | — |
| Sell SoDEX live order book, 40 min ago | 1.60 bp | 61.4 bp −$61 | doesn't fit | doesn't fit | doesn't fit |
Aevo: 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 on 30 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) PONS/USD | L +0.0032% / S −0.0030% | 1h | 0.6153 | −0.312% | $241K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5938 | −3.782% | $610 | $10K | 5.5x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6278 | +1.719% | $23K | $456K | 20x | as long as short |
| Nado PONS-PERP | +0.0100% | 1h | 0.6263 | +1.476% | $73K | $130K | 5x | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6164 | −0.127% | $30K | $299K | 5x | as long as short |
| Polymarket Perps PONS-USD | +0.0100% | 1h | 0.6149 | −0.372% | $72K | $2.3M | 3x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6170 | −0.033% | $2K | $4K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.6157 | −0.239% | — | $1.2M | 10x | as long as short |
| SoDEX PONS-USDshort | +0.0100% | 1h | 0.6162 | −0.159% | $26K | $634K | 3x | |
| HTX PONS-USDT | +0.0100% | 4h | 0.6178 | +0.103% | $67K | $536K | 20x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
Nado PONS-PERP
ApeX Omni PONSUSDT
Polymarket Perps PONS-USD
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDT
HTX PONS-USDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex PONSUSDT | +0.0100% | 4h | 0.6163 | −0.145% | $1.7M | $3.2M | 20x | as long as short |
| Aevo PONS-PERPlong | +0.0232% | 1h | 0.6172 | long leg | $385 | — | 3x | |
| OKX PONS-USDT-SWAP | +0.0396% | 4h | 0.6265 | +1.508% | $14.2M | $61.8M | 20x | as long as short |
| Aster PONSUSDT | +0.0430% | 4h | 0.6251 | +1.275% | $1.1M | $2.3M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0486% | 4h | 0.6276 | +1.693% | $1.7M | $4.1M | 20x | as long as short |
| Variational Omni PONS | +0.0494% | 4h | 0.6148 | −0.393% | $1.6M | $4.3M | — | as long as short |
| Lighter PONS | +0.0528% | 1h | 0.6262 | +1.458% | $1.7M | $841K | 3x | as long as short |
| MEXC PONS_USDT | +0.0588% | 4h | 0.6281 | +1.767% | $8.0M | $4.6M | 20x | as long as short |
| Extended PONS-USD | +0.0592% | 1h | 0.6278 | +1.711% | $105K | $832K | 5x | as long as short |
| Binance PONSUSDT | +0.0603% | 4h | 0.6270 | +1.589% | $40.8M | $105.8M | 20x | as long as short |
| edgeX PONSUSDC | +0.0603% | 4h | 0.6164 | −0.134% | $20K | $292K | 10x | as long as short |
| Hyperliquid PONS | +0.0616% | 1h | 0.6255 | +1.346% | $64.0M | $30.8M | 3x | as long as short |
| BingX PONS-USDT | +0.0654% | 4h | 0.6284 | +1.816% | — | $3.2M | — | as long as short |
| Bitget PONSUSDT | +0.0680% | 4h | 0.6282 | +1.788% | $5.1M | $13.1M | 20x | as long as short |
| Lighter RH PONS | +0.0800% | 1h | 0.6262 | +1.458% | $434K | $2.6M | 3x | as long as short |
| BloFin PONS-USDT | +0.0829% | 4h | 0.6169 | −0.047% | $1.8M | $1.1M | 20x | as long as short |
| Pacifica PONS | +0.0853% | 1h | 0.6273 | +1.639% | $47K | $77K | 3x | as long as short |
| Phoenix PONS | +0.1405% | 1h | 0.6162 | −0.161% | $47K | $122K | 3x | as long as short |
| Bybit PONSUSDT | +0.2126% | 4h | 0.6269 | +1.573% | $18.9M | $33.3M | 20x | as long as short |
| Gate PONS_USDT | +0.4846% | 4h | 0.6252 | +1.297% | $5.4M | $6.3M | 20x | as long as short |
Phemex PONSUSDT
OKX PONS-USDT-SWAP
Aster PONSUSDT
KuCoin PONSUSDTM
Variational Omni PONS
Lighter PONS
MEXC PONS_USDT
Extended PONS-USD
Binance PONSUSDT
edgeX PONSUSDC
Hyperliquid PONS
BingX PONS-USDT
Bitget PONSUSDT
Lighter RH PONS
BloFin PONS-USDT
Pacifica PONS
Phoenix PONS
Bybit PONSUSDT
Gate PONS_USDT