PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0088%/8h= −9.6% APRnext payment −$0.44 per $10,000 · paid last 24h −0.159%

Price spread now: Orderly against BingX+0.093%7-day average — · you sell dearer than you buy

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

Long on BingX 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 0.093% dearer against BingX than usual: you sell high and buy low (spread +0.093% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX PONS-USDT	0.5928	0.0188	pay 0.0094% / 4h	2h 57m	—	$3.1M	—
Short	Orderly PERP_PONS_USDC_mythos	0.5934	0.0100	get 0.0050% / 4h	2h 57m	$2K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against BingX. 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 BingXbpFee OrderlybpOrdersPrice spread, now +0.093%Rate

Funding earned: −$18.48
Price spread: +0.093% → 0.000%: $9.28
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$25.2
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 8 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 BingX live order book, 8 min ago	0.84 bp	8.9 bp −$9	29.9 bp −$299	416.4 bp −$41.6K	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	0.5923	−0.087%	$217K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0066%	1h	0.5920	−0.142%	$609	$6K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5931	+0.051%	$21K	$459K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5925	−0.051%	$18.0M	$31.4M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5924	−0.067%	$13.6M	$56.2M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5928	−0.003%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5929	+0.017%	$4.6M	$11.6M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5963	+0.583%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5963	+0.597%	$34K	$326K	5x	as long as short
Orderly PERP_PONS_USDC_mythosshort	+0.0100%	4h	0.5934	+0.093%	$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	0.5934	+0.106%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5926	−0.039%	$27K	$535K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5934	+0.108%	$64K	$504K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5925	−0.051%	$1.7M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.5930	+0.034%	$369	—	3x	as long as short
Lighter RH PONS	+0.0184%	1h	0.5932	+0.067%	$400K	$2.5M	3x	as long as short
BingX PONS-USDTlong	+0.0188%	4h	0.5928	long leg	—	$3.1M	—
MEXC PONS_USDT	+0.0190%	4h	0.5926	−0.034%	$7.8M	$5.1M	20x	as long as short
Binance PONSUSDT	+0.0191%	4h	0.5925	−0.046%	$38.6M	$98.4M	20x	as long as short
Extended PONS-USD	+0.0192%	1h	0.5926	−0.026%	$106K	$531K	5x	as long as short
Nado PONS-PERP	+0.0205%	1h	0.5934	+0.103%	$84K	$100K	5x	as long as short
edgeX PONSUSDC	+0.0206%	4h	0.5961	+0.555%	$21K	$292K	10x	as long as short
Gate PONS_USDT	+0.0258%	4h	0.5930	+0.034%	$5.2M	$6.7M	20x	as long as short
Aster PONSUSDT	+0.0264%	4h	0.5933	+0.091%	$1.1M	$2.2M	20x	as long as short
Polymarket Perps PONS-USD	+0.0327%	1h	0.5930	+0.027%	$38K	$1.8M	3x	as long as short
BloFin PONS-USDT	+0.0431%	4h	0.5934	+0.101%	$1.7M	$988K	20x	as long as short
Pacifica PONS	+0.0474%	1h	0.5934	+0.107%	$47K	$102K	3x	as long as short
Hyperliquid PONS	+0.0707%	1h	0.5931	+0.054%	$59.4M	$29.7M	3x	as long as short
Lighter PONS	+0.1208%	1h	0.5934	+0.093%	$1.7M	$879K	3x	as long as short
Phoenix PONS	+0.1232%	1h	0.5931	+0.057%	$27K	$86K	3x	as long as short