PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0420%/8h= −46.0% APRnext payment −$0.52 per $10,000 · paid last 24h −0.086%

Price spread now: SoDEX against Extended+0.263%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−$156as in the Price arb table

costs, in and out, $10k−$1801.796% of the position

Long on Extended Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.306%−$31 on $10k

Price spread, last 4 days (all we have)+0.382%+$38 · spread now +0.263%, 7d avg +0.024%

Together, before fees+0.076%+ Points / potential airdropExtended: Active · farm board+$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SoDEX is 0.238% dearer against Extended than usual: you sell high and buy low (spread +0.263% now, against its 7-day average of +0.024%): +$24 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 45 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended PONS-USD	0.6022	0.0520	pay 0.0065% / 1h	13m 33s	$249K	$671K	5x
Short	SoDEX PONS-USD	0.6038	0.0100	get 0.0013% / 1h	13m 33s	$26K	$521K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.263%Rate

Funding earned: −$88.2
Price spread: +0.263% → +0.024%: $23.82
Slippage, 4 orders: −$166.55
Fee Extended: 2.5 bp × 2 orders: −$5
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$243.93
Costs to cover: 1.796%
Break-even: never at this rate

Slippage from Extended: live order book, 49 min ago; SoDEX: live order book, 50 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, 49 min ago	10.07 bp	24.0 bp −$24	190.3 bp −$1,903	doesn't fit	doesn't fit
Sell SoDEX live order book, 50 min ago	2.14 bp	65.6 bp −$66	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 −0.0033%	1h	0.6021	−0.010%	$238K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.872%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6033	+0.183%	$21K	$435K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6020	−0.033%	$33K	$351K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6046	+0.399%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6056	+0.571%	—	$1.3M	10x	as long as short
SoDEX PONS-USDshort	+0.0100%	1h	0.6038	+0.263%	$26K	$521K	3x
HTX PONS-USDT	+0.0100%	4h	0.6053	+0.512%	$64K	$509K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6026	+0.067%	$1.7M	$3.2M	20x	as long as short
Variational Omni PONS	+0.0178%	4h	0.6039	+0.280%	$1.4M	$3.9M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate PONS_USDT	+0.0196%	4h	0.6028	+0.100%	$5.3M	$6.3M	20x	as long as short
Aevo PONS-PERP	+0.0208%	1h	0.6041	+0.324%	$376	—	3x	as long as short
Nado PONS-PERP	+0.0208%	1h	0.6030	+0.133%	$71K	$129K	5x	as long as short
Lighter RH PONS	+0.0280%	1h	0.6028	+0.100%	$418K	$2.5M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0308%	4h	0.6027	+0.083%	$13.7M	$55.1M	20x	as long as short
Lighter PONS	+0.0328%	1h	0.6027	+0.083%	$1.7M	$876K	3x	as long as short
Bitget PONSUSDT	+0.0408%	4h	0.6030	+0.128%	$4.7M	$11.4M	20x	as long as short
KuCoin PONSUSDTM	+0.0444%	4h	0.6026	+0.063%	$1.7M	$3.7M	20x	as long as short
Aster PONSUSDT	+0.0453%	4h	0.6028	+0.095%	$1.1M	$2.1M	20x	as long as short
Bybit PONSUSDT	+0.0481%	4h	0.6029	+0.116%	$18.0M	$30.6M	20x	as long as short
BingX PONS-USDT	+0.0488%	4h	0.6032	+0.166%	—	$3.0M	—	as long as short
edgeX PONSUSDC	+0.0512%	4h	0.6021	−0.008%	$18K	$294K	10x	as long as short
Extended PONS-USDlong	+0.0520%	1h	0.6022	long leg	$249K	$671K	5x
MEXC PONS_USDT	+0.0520%	4h	0.6026	+0.067%	$7.6M	$4.7M	20x	as long as short
Binance PONSUSDT	+0.0532%	4h	0.6029	+0.118%	$39.7M	$94.6M	20x	as long as short
Hyperliquid PONS	+0.0743%	1h	0.6029	+0.114%	$61.4M	$27.9M	3x	as long as short
Pacifica PONS	+0.0755%	1h	0.6024	+0.030%	$47K	$70K	3x	as long as short
BloFin PONS-USDT	+0.0762%	4h	0.6053	+0.515%	$1.7M	$971K	20x	as long as short
Polymarket Perps PONS-USD	+0.0842%	1h	0.6030	+0.141%	$69K	$1.6M	3x	as long as short
Phoenix PONS	+0.1639%	1h	0.6022	−0.001%	$31K	$98K	3x	as long as short