PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0073%/8h= −8.0% APRnext payment −$0.37 per $10,000 · paid last 24h −0.098%

Price spread now: Orderly against Binance+0.032%7-day average — · you sell dearer than you buy

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

Long on Binance Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 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

The price spread pays, funding is against you. Orderly is 0.032% dearer against Binance than usual: you sell high and buy low (spread +0.032% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 35 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PONSUSDT	0.5914	0.0173	pay 0.0087% / 4h	2h 53m	$38.6M	$98.1M	20x
Short	Orderly PERP_PONS_USDC_mythos	0.5916	0.0100	get 0.0050% / 4h	2h 53m	$2K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Binance. 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 BinancebpFee OrderlybpOrdersPrice spread, now +0.032%Rate

Funding earned: −$15.38
Price spread: +0.032% → 0.000%: $3.21
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$28.17
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 5 min ago; Orderly: 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 Binance live order book, 5 min ago	0.84 bp	13.4 bp −$13	60.8 bp −$608	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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 −0.0034%	1h	0.5910	−0.076%	$217K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0066%	1h	0.5920	+0.095%	$609	$6K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5903	−0.186%	$21K	$459K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5910	−0.068%	$17.9M	$31.5M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5912	−0.034%	$13.6M	$56.0M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5915	+0.012%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5915	+0.015%	$4.6M	$11.6M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5929	+0.262%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5922	+0.139%	$34K	$326K	5x	as long as short
Orderly PERP_PONS_USDC_mythosshort	+0.0100%	4h	0.5916	+0.032%	$2K	$3K	10x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX PONS-USDT	+0.0100%	4h	0.5921	+0.123%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5915	+0.017%	$27K	$534K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5936	+0.375%	$64K	$503K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5912	−0.034%	$1.7M	$3.3M	20x	as long as short
Lighter RH PONS	+0.0128%	1h	0.5918	+0.066%	$398K	$2.6M	3x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.5907	−0.117%	$368	—	3x	as long as short
Binance PONSUSDTlong	+0.0173%	4h	0.5914	long leg	$38.6M	$98.1M	20x
MEXC PONS_USDT	+0.0174%	4h	0.5914	0.000%	$7.7M	$5.1M	20x	as long as short
Extended PONS-USD	+0.0176%	1h	0.5910	−0.074%	$105K	$529K	5x	as long as short
BingX PONS-USDT	+0.0190%	4h	0.5916	+0.034%	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0197%	4h	0.5922	+0.143%	$21K	$292K	10x	as long as short
Aster PONSUSDT	+0.0239%	4h	0.5904	−0.174%	$1.1M	$2.2M	20x	as long as short
Polymarket Perps PONS-USD	+0.0330%	1h	0.5903	−0.186%	$38K	$1.8M	3x	as long as short
Nado PONS-PERP	+0.0338%	1h	0.5899	−0.249%	$89K	$103K	5x	as long as short
Gate PONS_USDT	+0.0364%	4h	0.5911	−0.051%	$5.2M	$6.7M	20x	as long as short
BloFin PONS-USDT	+0.0413%	4h	0.5919	+0.085%	$1.7M	$984K	20x	as long as short
Pacifica PONS	+0.0474%	1h	0.5898	−0.277%	$47K	$102K	3x	as long as short
Hyperliquid PONS	+0.0733%	1h	0.5918	+0.068%	$59.3M	$29.5M	3x	as long as short
Lighter PONS	+0.1040%	1h	0.5920	+0.095%	$1.7M	$879K	3x	as long as short
Phoenix PONS	+0.1275%	1h	0.5921	+0.115%	$27K	$86K	3x	as long as short