Funding you earn now, next payment 07:00 UTC−0.0661%/8h= −72.3% APRpaid last 24h −0.114%
Price spread now: SoDEX against Bybit+0.025%7-day average +0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$158as in the Price arb table
costs, in and out, $10k−$1581.580% of the position
Funding, last 3 days (all we have)−0.276%−$28 on $10k
+Price spread, last 4 days (all we have)+0.099%+$10 · spread now +0.025%, 7d avg +0.024%
=The price spread sits at its 7-day average of +0.024%, so right now this pair is about funding alone: −$20 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PONSUSDT | 0.5924 | 0.0761 | pay 0.0380% / 4h | 1h 35m | $17.6M | $31.4M | 20x |
| Short | SoDEX PONS-USD | 0.5926 | 0.0100 | get 0.0013% / 1h | 35m 13s | $26K | $586K | 3x |
Bybit PONSUSDT
SoDEX PONS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- −$138.73
- Price spread: +0.025% → +0.024%
- $0.14
- Slippage, 4 orders
- −$138.95
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$296.55
- Costs to cover
- 1.580%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; SoDEX: live order book, 8 min ago.
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, 4 min ago | 1.69 bp | 13.0 bp −$13 | 42.3 bp −$423 | doesn't fit | doesn't fit |
| Sell SoDEX live order book, 8 min ago | 1.69 bp | 63.7 bp −$64 | doesn't fit | doesn't fit | doesn't fit |
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 −0.0032% | 1h | 0.5907 | −0.290% | $235K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | +0.768% | $614 | $10K | 5.5x | as long as short |
| Lighter RH PONS | +0.0096% | 1h | 0.5925 | +0.017% | $417K | $2.6M | 3x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.5923 | −0.017% | $22K | $421K | 20x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.5930 | +0.098% | $2K | $3K | 10x | as long as short |
| Nado PONS-PERP | +0.0100% | 1h | 0.5927 | +0.050% | $69K | $131K | 5x | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.5903 | −0.361% | $29K | $316K | 5x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.5922 | −0.035% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USDshort | +0.0100% | 1h | 0.5926 | +0.025% | $26K | $586K | 3x | |
| HTX PONS-USDT | +0.0100% | 4h | 0.5935 | +0.179% | $65K | $524K | 20x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Lighter RH PONS
Popdex PONSUSDT
Orderly PERP_PONS_USDC_mythos
Nado PONS-PERP
ApeX Omni PONSUSDT
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 | 0.5923 | −0.017% | $1.6M | $3.2M | 20x | as long as short |
| Aevo PONS-PERP | +0.0208% | 1h | 0.5926 | +0.034% | $369 | — | 3x | as long as short |
| Hyperliquid PONS | +0.0226% | 1h | 0.5924 | −0.005% | $60.1M | $29.5M | 3x | as long as short |
| Gate PONS_USDT | +0.0390% | 4h | 0.5919 | −0.084% | $5.3M | $6.3M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.0405% | 4h | 0.5923 | −0.017% | $13.4M | $55.9M | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.0442% | 1h | 0.5923 | −0.017% | $94K | $1.9M | 3x | as long as short |
| Aster PONSUSDT | +0.0460% | 4h | 0.5924 | +0.004% | $1.1M | $2.2M | 20x | as long as short |
| Extended PONS-USD | +0.0520% | 1h | 0.5925 | +0.010% | $101K | $811K | 5x | as long as short |
| Binance PONSUSDT | +0.0521% | 4h | 0.5926 | +0.034% | $37.3M | $98.5M | 20x | as long as short |
| MEXC PONS_USDT | +0.0522% | 4h | 0.5926 | +0.034% | $7.5M | $4.7M | 20x | as long as short |
| edgeX PONSUSDC | +0.0536% | 4h | 0.5909 | −0.252% | $20K | $292K | 10x | as long as short |
| Pacifica PONS | +0.0556% | 1h | 0.5926 | +0.030% | $45K | $68K | 3x | as long as short |
| Variational Omni PONS | +0.0595% | 4h | 0.5908 | −0.262% | $1.4M | $4.1M | — | as long as short |
| KuCoin PONSUSDTM | +0.0640% | 4h | 0.5927 | +0.057% | $1.6M | $3.8M | 20x | as long as short |
| Bitget PONSUSDT | +0.0676% | 4h | 0.5928 | +0.073% | $4.7M | $12.2M | 20x | as long as short |
| BingX PONS-USDT | +0.0724% | 4h | 0.5924 | 0.000% | — | $3.0M | — | as long as short |
| Lighter PONS | +0.0736% | 1h | 0.5927 | +0.057% | $1.6M | $830K | 3x | as long as short |
| Bybit PONSUSDTlong | +0.0761% | 4h | 0.5924 | long leg | $17.6M | $31.4M | 20x | |
| BloFin PONS-USDT | +0.0761% | 4h | 0.5931 | +0.118% | $1.7M | $955K | 20x | as long as short |
| Phoenix PONS | +0.1472% | 1h | 0.5909 | −0.257% | $45K | $127K | 3x | as long as short |
Phemex PONSUSDT
Aevo PONS-PERP
Hyperliquid PONS
Gate PONS_USDT
OKX PONS-USDT-SWAP
Polymarket Perps PONS-USD
Aster PONSUSDT
Extended PONS-USD
Binance PONSUSDT
MEXC PONS_USDT
edgeX PONSUSDC
Pacifica PONS
Variational Omni PONS
KuCoin PONSUSDTM
Bitget PONSUSDT
BingX PONS-USDT
Lighter PONS
BloFin PONS-USDT
Phoenix PONS