PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0092%/8h= −10.1% APRnext payment −$0.12 per $10,000 · paid last 24h −0.096%

Price spread now: ApeX Omni against Extended−0.026%72s7-day average +0.137% · you buy dearer than you sell

Net, funding: paid 7d − costs−$189as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1311.305% of the position

Long on Extended Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.581%−$58 on $10k

Price spread, last 3 days (all we have)+0.136%+$14 · spread now −0.026%, 7d avg +0.137%

Together, before fees−0.445%+ Points / potential airdropExtended: Active · farm board−$45 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and ApeX Omni is 0.163% cheaper against Extended than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.137%). Swap the legs. The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended PONS-USD	0.5996	0.0192	pay 0.0024% / 1h	22m 04s	$248K	$667K	5x
Short	ApeX Omni PONSUSDT	0.5994	0.0100	get 0.0013% / 1h	22m 04s	$35K	$350K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Extended. 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 ExtendedbpFee ApeX OmnibpOrdersPrice spread, now −0.026%Rate

Funding earned: −$19.32
Price spread: −0.026% → +0.137%: −$16.28
Slippage, 4 orders: −$115.5
Fee Extended: 2.5 bp × 2 orders: −$5
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$166.1
Costs to cover: 1.305%
Break-even: never at this rate

Slippage from Extended: live order book, 61 min ago; ApeX Omni: live order book, 60 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 Extended live order book, 61 min ago	9.50 bp	24.7 bp −$25	163.3 bp −$1,633	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 60 min ago	32.60 bp	40.6 bp −$41	125.6 bp −$1,256	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 −0.0034%	1h	0.5988	−0.136%	$220K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.439%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5995	−0.014%	$19K	$438K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5995	−0.014%	$17.9M	$31.6M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5996	+0.003%	$13.6M	$56.4M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5995	−0.021%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5996	+0.001%	$4.7M	$11.6M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5961	−0.577%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDTshort	+0.0100%	1h	0.5994	−0.026%	$35K	$350K	5x
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6002	+0.103%	$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	0.5998	+0.030%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5994	−0.027%	$27K	$548K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6006	+0.173%	$64K	$506K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5993	−0.047%	$1.7M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.5995	−0.014%	$373	—	3x	as long as short
Aster PONSUSDT	+0.0145%	4h	0.5992	−0.057%	$1.1M	$2.2M	20x	as long as short
edgeX PONSUSDC	+0.0174%	4h	0.5991	−0.078%	$21K	$292K	10x	as long as short
BingX PONS-USDT	+0.0182%	4h	0.5992	−0.064%	—	$3.1M	—	as long as short
Extended PONS-USDlong	+0.0192%	1h	0.5996	long leg	$248K	$667K	5x
MEXC PONS_USDT	+0.0192%	4h	0.5994	−0.031%	$7.7M	$4.9M	20x	as long as short
Binance PONSUSDT	+0.0192%	4h	0.5994	−0.031%	$39.0M	$97.8M	20x	as long as short
Nado PONS-PERP	+0.0234%	1h	0.5991	−0.081%	$91K	$103K	5x	as long as short
Lighter RH PONS	+0.0400%	1h	0.5995	−0.019%	$423K	$2.7M	3x	as long as short
BloFin PONS-USDT	+0.0432%	4h	0.5985	−0.181%	$1.7M	$981K	20x	as long as short
Pacifica PONS	+0.0451%	1h	0.5998	+0.034%	$47K	$96K	3x	as long as short
Polymarket Perps PONS-USD	+0.0502%	1h	0.5994	−0.024%	$37K	$1.7M	3x	as long as short
Hyperliquid PONS	+0.0680%	1h	0.5995	−0.016%	$60.6M	$30.1M	3x	as long as short
Lighter PONS	+0.0752%	1h	0.5995	−0.014%	$1.7M	$998K	3x	as long as short
Gate PONS_USDT	+0.1318%	4h	0.5991	−0.081%	$5.2M	$6.5M	20x	as long as short
Phoenix PONS	+0.1398%	1h	0.5990	−0.102%	$30K	$96K	3x	as long as short