Funding you earn now, next payment 04:00 UTC−0.0398%/8h= −43.6% APRnext payment −$1.99 per $10,000 · paid last 24h −0.108%
Price spread now: Orderly against Bybit+0.146%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 0.146% dearer against Bybit than usual: you sell high and buy low (spread +0.146% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 29 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PONSUSDT | 0.6040 | 0.0498 | pay 0.0249% / 4h | 1h 16m | $18.1M | $30.6M | 20x |
| Short | Orderly PERP_PONS_USDC_mythos | 0.6049 | 0.0100 | get 0.0050% / 4h | 1h 16m | $2K | $3K | 10x |
Bybit PONSUSDT
Orderly PERP_PONS_USDC_mythosFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Bybit. 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
- −$83.57
- Price spread: +0.146% → 0.000%
- $14.57
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$86
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 3 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 Bybit live order book, 3 min ago | 1.67 bp | 16.5 bp −$16 | 47.0 bp −$470 | 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 +0.0033% / S −0.0033% | 1h | 0.6031 | −0.142% | $239K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | −1.167% | $614 | $10K | 5.5x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6027 | −0.215% | $21K | $434K | 20x | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.5984 | −0.934% | $33K | $351K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythosshort | +0.0100% | 4h | 0.6049 | +0.146% | $2K | $3K | 10x | |
| SunX PONS-USDT | +0.0100% | 4h | 0.6030 | −0.167% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.6046 | +0.091% | $26K | $528K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6049 | +0.146% | $64K | $509K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.6035 | −0.083% | $1.7M | $3.2M | 20x | as long as short |
| Gate PONS_USDT | +0.0118% | 4h | 0.6037 | −0.050% | $5.3M | $6.3M | 20x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
ApeX Omni PONSUSDT
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDT
Gate PONS_USDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni PONS | +0.0178% | 4h | 0.6039 | −0.019% | $1.4M | $3.9M | — | as long as short |
| Nado PONS-PERP | +0.0204% | 1h | 0.6035 | −0.080% | $71K | $129K | 5x | as long as short |
| Aevo PONS-PERP | +0.0208% | 1h | 0.6046 | +0.101% | $377 | — | 3x | as long as short |
| Lighter RH PONS | +0.0264% | 1h | 0.6045 | +0.084% | $416K | $2.5M | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.0301% | 4h | 0.6046 | +0.099% | $13.7M | $55.3M | 20x | as long as short |
| Lighter PONS | +0.0312% | 1h | 0.6046 | +0.096% | $1.7M | $876K | 3x | as long as short |
| Bitget PONSUSDT | +0.0408% | 4h | 0.6046 | +0.091% | $4.7M | $11.4M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0436% | 4h | 0.6044 | +0.058% | $1.7M | $3.7M | 20x | as long as short |
| Aster PONSUSDT | +0.0436% | 4h | 0.6041 | +0.020% | $1.1M | $2.1M | 20x | as long as short |
| BingX PONS-USDT | +0.0488% | 4h | 0.6040 | 0.000% | — | $3.0M | — | as long as short |
| Bybit PONSUSDTlong | +0.0498% | 4h | 0.6040 | long leg | $18.1M | $30.6M | 20x | |
| Extended PONS-USD | +0.0504% | 1h | 0.6045 | +0.089% | $249K | $673K | 5x | as long as short |
| MEXC PONS_USDT | +0.0506% | 4h | 0.6046 | +0.099% | $7.7M | $4.7M | 20x | as long as short |
| Binance PONSUSDT | +0.0508% | 4h | 0.6040 | −0.001% | $39.6M | $94.6M | 20x | as long as short |
| edgeX PONSUSDC | +0.0511% | 4h | 0.6000 | −0.657% | $18K | $293K | 10x | as long as short |
| Hyperliquid PONS | +0.0728% | 1h | 0.6038 | −0.041% | $61.5M | $27.8M | 3x | as long as short |
| BloFin PONS-USDT | +0.0748% | 4h | 0.6026 | −0.232% | $1.7M | $967K | 20x | as long as short |
| Pacifica PONS | +0.0755% | 1h | 0.6029 | −0.189% | $47K | $70K | 3x | as long as short |
| Polymarket Perps PONS-USD | +0.0832% | 1h | 0.6024 | −0.265% | $69K | $1.6M | 3x | as long as short |
| Phoenix PONS | +0.1639% | 1h | 0.5961 | −1.303% | $31K | $98K | 3x | as long as short |
Variational Omni PONS
Nado PONS-PERP
Aevo PONS-PERP
Lighter RH PONS
OKX PONS-USDT-SWAP
Lighter PONS
Bitget PONSUSDT
KuCoin PONSUSDTM
Aster PONSUSDT
BingX PONS-USDT
Extended PONS-USD
MEXC PONS_USDT
Binance PONSUSDT
edgeX PONSUSDC
Hyperliquid PONS
BloFin PONS-USDT
Pacifica PONS
Polymarket Perps PONS-USD
Phoenix PONS