PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0504%/8h= −55.2% APRnext payment −$0.63 per $10,000 · paid last 24h −0.089%

Price spread now: Popdex against Extended+0.078%7-day average +0.034% · 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−$250as in the Price arb table

costs, in and out, $10k−$2552.548% of the position

Long on Extended Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.332%−$33 on $10k

Price spread, last 4 days (all we have)−0.047%−$5 · spread now +0.078%, 7d avg +0.034%

Together, before fees−0.379%+ Points / potential airdropExtended: Active · farm board−$38 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Popdex is 0.044% dearer against Extended than usual: you sell high and buy low (spread +0.078% now, against its 7-day average of +0.034%): +$4 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 7 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended PONS-USD	0.6002	0.0600	pay 0.0075% / 1h	1m 46s	$108K	$813K	5x
Short	Popdex PONSUSDT	0.6007	0.0096	get 0.0012% / 1h	1m 46s	$21K	$435K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now +0.078%Rate

Funding earned: −$105.84
Price spread: +0.078% → +0.034%: $4.45
Slippage, 4 orders: −$243.44
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$356.23
Costs to cover: 2.548%
Break-even: never at this rate

Slippage from Extended: live order book, 56 min ago; Popdex: live order book, 57 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, 56 min ago	13.20 bp	27.2 bp −$27	224.6 bp −$2,246	doesn't fit	doesn't fit
Sell Popdex live order book, 57 min ago	8.41 bp	90.1 bp −$90	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	0.5998	−0.075%	$238K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.547%	$614	$10K	5.5x	as long as short
Popdex PONSUSDTshort	+0.0096%	1h	0.6007	+0.078%	$21K	$435K	20x
ApeX Omni PONSUSDT	+0.0100%	1h	0.6016	+0.230%	$35K	$345K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6010	+0.126%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6003	+0.011%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6006	+0.058%	$26K	$538K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6014	+0.186%	$65K	$513K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6015	+0.211%	$1.7M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0232%	1h	0.6008	+0.095%	$374	—	3x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni PONS	+0.0283%	4h	0.6009	+0.119%	$1.4M	$3.9M	—	as long as short
Nado PONS-PERP	+0.0303%	1h	0.6005	+0.045%	$70K	$129K	5x	as long as short
OKX PONS-USDT-SWAP	+0.0319%	4h	0.6002	−0.005%	$13.6M	$55.3M	20x	as long as short
Lighter PONS	+0.0368%	1h	0.6005	+0.043%	$1.6M	$897K	3x	as long as short
Lighter RH PONS	+0.0440%	1h	0.6005	+0.045%	$411K	$2.6M	3x	as long as short
Aster PONSUSDT	+0.0452%	4h	0.6006	+0.056%	$1.1M	$2.1M	20x	as long as short
Gate PONS_USDT	+0.0492%	4h	0.5994	−0.139%	$5.2M	$6.4M	20x	as long as short
Bitget PONSUSDT	+0.0492%	4h	0.6007	+0.081%	$4.6M	$11.5M	20x	as long as short
Bybit PONSUSDT	+0.0499%	4h	0.6004	+0.028%	$17.9M	$30.9M	20x	as long as short
BingX PONS-USDT	+0.0572%	4h	0.6006	+0.061%	—	$3.0M	—	as long as short
Extended PONS-USDlong	+0.0600%	1h	0.6002	long leg	$108K	$813K	5x
edgeX PONSUSDC	+0.0602%	4h	0.6004	+0.027%	$18K	$293K	10x	as long as short
MEXC PONS_USDT	+0.0602%	4h	0.6003	+0.011%	$7.5M	$4.8M	20x	as long as short
Binance PONSUSDT	+0.0603%	4h	0.6006	+0.061%	$39.3M	$95.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0692%	4h	0.6001	−0.022%	$1.6M	$3.8M	20x	as long as short
Hyperliquid PONS	+0.0819%	1h	0.6007	+0.076%	$61.4M	$28.4M	3x	as long as short
BloFin PONS-USDT	+0.0843%	4h	0.6010	+0.128%	$1.8M	$958K	20x	as long as short
Pacifica PONS	+0.0859%	1h	0.6004	+0.032%	$47K	$67K	3x	as long as short
Polymarket Perps PONS-USD	+0.0861%	1h	0.6008	+0.098%	$71K	$1.6M	3x	as long as short
Phoenix PONS	+0.1736%	1h	0.6012	+0.163%	$34K	$104K	3x	as long as short