Funding you earn now, next payment 22:00 UTC−0.0052%/8h= −5.7% APRpaid last 24h −0.100%
Price spread now: Orderly against Extended+0.105%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
=The price spread pays, funding is against you. Orderly is 0.105% dearer against Extended than usual: you sell high and buy low (spread +0.105% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended PONS-USD | 0.5882 | 0.0152 | pay 0.0019% / 1h | 48m 22s | $105K | $529K | 5x |
| Short | Orderly PERP_PONS_USDC_mythos | 0.5888 | 0.0100 | get 0.0050% / 4h | 2h 48m | $2K | $3K | 10x |
Extended PONS-USD
Orderly PERP_PONS_USDC_mythosFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Extended. 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
- −$10.92
- Price spread: +0.105% → 0.000%
- $10.49
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$11.43
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Extended: live order book, 39 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 Extended live order book, 39 min ago | 11.93 bp | 27.3 bp −$27 | 140.2 bp −$1,402 | 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 | 0.5878 | −0.064% | $216K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0066% | 1h | 0.5920 | +0.647% | $609 | $6K | 5.5x | as long as short |
| Lighter RH PONS | +0.0096% | 1h | 0.5887 | +0.102% | $396K | $2.6M | 3x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.5882 | +0.008% | $21K | $456K | 20x | as long as short |
| Bybit PONSUSDT | +0.0100% | 4h | 0.5878 | −0.060% | $17.8M | $31.6M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.0100% | 4h | 0.5879 | −0.043% | $13.5M | $55.6M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0100% | 4h | 0.5877 | −0.077% | $1.7M | $3.7M | 20x | as long as short |
| Bitget PONSUSDT | +0.0100% | 4h | 0.5883 | +0.028% | $4.6M | $11.6M | 20x | as long as short |
| Variational Omni PONS | +0.0100% | 4h | 0.5902 | +0.340% | $1.4M | $4.3M | — | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.5913 | +0.538% | $34K | $327K | 5x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Lighter RH PONS
Popdex PONSUSDT
Bybit PONSUSDT
OKX PONS-USDT-SWAP
KuCoin PONSUSDTM
Bitget PONSUSDT
Variational Omni PONS
ApeX Omni PONSUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_PONS_USDC_mythosshort | +0.0100% | 4h | 0.5888 | +0.105% | $2K | $3K | 10x | |
| SunX PONS-USDT | +0.0100% | 4h | 0.5896 | +0.239% | — | $1.4M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.5881 | −0.007% | $27K | $534K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.5893 | +0.200% | $64K | $504K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.5883 | +0.025% | $1.6M | $3.3M | 20x | as long as short |
| Aevo PONS-PERP | +0.0120% | 1h | 0.5881 | −0.002% | $366 | — | 3x | as long as short |
| Extended PONS-USDlong | +0.0152% | 1h | 0.5882 | long leg | $105K | $529K | 5x | |
| Binance PONSUSDT | +0.0156% | 4h | 0.5882 | +0.008% | $38.3M | $98.1M | 20x | as long as short |
| MEXC PONS_USDT | +0.0164% | 4h | 0.5882 | +0.008% | $7.6M | $5.1M | 20x | as long as short |
| BingX PONS-USDT | +0.0176% | 4h | 0.5882 | +0.008% | — | $3.1M | — | as long as short |
| edgeX PONSUSDC | +0.0189% | 4h | 0.5914 | +0.544% | $21K | $293K | 10x | as long as short |
| Aster PONSUSDT | +0.0210% | 4h | 0.5881 | −0.012% | $1.1M | $2.2M | 20x | as long as short |
| Nado PONS-PERP | +0.0237% | 1h | 0.5883 | +0.027% | $89K | $103K | 5x | as long as short |
| Polymarket Perps PONS-USD | +0.0340% | 1h | 0.5881 | −0.012% | $38K | $1.8M | 3x | as long as short |
| Gate PONS_USDT | +0.0402% | 4h | 0.5880 | −0.026% | $5.1M | $6.7M | 20x | as long as short |
| BloFin PONS-USDT | +0.0404% | 4h | 0.5886 | +0.076% | $1.7M | $964K | 20x | as long as short |
| Pacifica PONS | +0.0474% | 1h | 0.5884 | +0.050% | $47K | $102K | 3x | as long as short |
| Hyperliquid PONS | +0.0656% | 1h | 0.5881 | −0.012% | $58.8M | $29.8M | 3x | as long as short |
| Lighter PONS | +0.0760% | 1h | 0.5891 | +0.158% | $1.7M | $879K | 3x | as long as short |
| Phoenix PONS | +0.1275% | 1h | 0.5909 | +0.476% | $27K | $86K | 3x | as long as short |
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDT
Aevo PONS-PERP
Binance PONSUSDT
MEXC PONS_USDT
BingX PONS-USDT
edgeX PONSUSDC
Aster PONSUSDT
Nado PONS-PERP
Polymarket Perps PONS-USD
Gate PONS_USDT
BloFin PONS-USDT
Pacifica PONS
Hyperliquid PONS
Lighter PONS
Phoenix PONS