PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.1298%/8h= +142.1% APRnext payment +$1.62 per $10,000 · paid last 24h +0.399%

Price spread now: Phoenix against ApeX Omni−0.041%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on ApeX Omni Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+2.032%+$203 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Phoenix is 0.041% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.041% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 3 hours of funding at the current rate (+$39 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni PONSUSDT	0.6095	0.0100	pay 0.0013% / 1h	56m 54s	$33K	$359K	5x
Short	Phoenix PONS	0.6092	0.1398	get 0.0175% / 1h	56m 54s	$31K	$102K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against ApeX Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ApeX OmnibpFee PhoenixbpOrdersPrice spread, now −0.041%Rate

Funding earned: $272.61
Price spread: −0.041% → 0.000%: −$4.1
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $251.51
Costs to cover: 0.170%
Break-even: 0.5 days

Slippage unknown: ApeX Omni: live order book, 21 min ago; Phoenix: no order-book sample. 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 ApeX Omni live order book, 21 min ago	28.62 bp	36.3 bp −$36	127.6 bp −$1,276	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 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
Injective PONS/USDC PERP	−0.0047%	1h	0.5969	−2.053%	$614	$10K	5.5x	as long as short
gTrade (Gains Network) PONS/USD	L +0.0033% / S −0.0036%	1h	0.6086	−0.146%	$229K	—	150x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6092	−0.043%	$21K	$450K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6093	−0.034%	$86K	$107K	5x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.6082	−0.207%	$18.3M	$31.7M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.6084	−0.174%	$13.8M	$57.8M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.6085	−0.159%	$1.8M	$3.7M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6093	−0.023%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDTlong	+0.0100%	1h	0.6095	long leg	$33K	$359K	5x
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6101	+0.102%	$3K	$3K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX PONS-USDT	+0.0100%	4h	0.6094	−0.013%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6095	−0.002%	$28K	$548K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6100	+0.097%	$65K	$509K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6085	−0.158%	$1.7M	$3.3M	20x	as long as short
Bitget PONSUSDT	+0.0102%	4h	0.6087	−0.126%	$4.8M	$11.7M	20x	as long as short
Aevo PONS-PERP	+0.0144%	1h	0.6098	+0.049%	$380	—	3x	as long as short
Lighter RH PONS	+0.0160%	1h	0.6096	+0.023%	$430K	$2.6M	3x	as long as short
Aster PONSUSDT	+0.0181%	4h	0.6086	−0.134%	$1.1M	$2.2M	20x	as long as short
Lighter PONS	+0.0240%	1h	0.6096	+0.030%	$1.7M	$921K	3x	as long as short
Extended PONS-USD	+0.0248%	1h	0.6087	−0.128%	$251K	$680K	5x	as long as short
Binance PONSUSDT	+0.0249%	4h	0.6087	−0.118%	$39.6M	$98.7M	20x	as long as short
MEXC PONS_USDT	+0.0250%	4h	0.6087	−0.125%	$8.1M	$4.8M	20x	as long as short
BingX PONS-USDT	+0.0252%	4h	0.6081	−0.223%	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0258%	4h	0.6096	+0.022%	$21K	$292K	10x	as long as short
BloFin PONS-USDT	+0.0489%	4h	0.6098	+0.056%	$1.7M	$1.0M	20x	as long as short
Polymarket Perps PONS-USD	+0.0636%	1h	0.6093	−0.023%	$40K	$1.7M	3x	as long as short
Hyperliquid PONS	+0.0849%	1h	0.6097	+0.034%	$61.9M	$30.6M	3x	as long as short
Pacifica PONS	+0.0899%	1h	0.6091	−0.061%	$48K	$96K	3x	as long as short
Phoenix PONSshort	+0.1398%	1h	0.6092	−0.041%	$31K	$102K	3x
Gate PONS_USDT	+0.1772%	4h	0.6083	−0.190%	$5.3M	$6.2M	20x	as long as short