Funding you earn now, next payment 03:00 UTC−0.0627%/8h= −68.7% APRnext payment −$0.78 per $10,000 · paid last 24h −0.158%
Price spread now: SoDEX against Hyperliquid−0.118%7-day average −0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$165as in the Price arb table
costs, in and out, $10k−$1551.550% of the position
Funding, last 3 days (all we have)−0.351%−$35 on $10k
+Price spread, last 4 days (all we have)+0.693%+$69 · spread now −0.118%, 7d avg −0.014%
=Together, before fees+0.341%+ Points / potential airdropHyperliquid: Season 2 · farm board+$34 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and SoDEX is 0.104% cheaper against Hyperliquid than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.014%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid PONS | 0.6022 | 0.0727 | pay 0.0091% / 1h | 16m 54s | $61.3M | $27.8M | 3x |
| Short | SoDEX PONS-USD | 0.6015 | 0.0100 | get 0.0013% / 1h | 16m 54s | $26K | $527K | 3x |
Hyperliquid PONS
SoDEX PONS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX against Hyperliquid. 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
- −$131.71
- Price spread: −0.118% → −0.014%
- −$10.4
- Slippage, 4 orders
- −$137.99
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$297.09
- Costs to cover
- 1.550%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 7 min ago; SoDEX: live order book, 47 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 Hyperliquid live order book, 7 min ago | 0.08 bp | 15.6 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
| Sell SoDEX live order book, 47 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 | 0.6004 | −0.292% | $238K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | −0.873% | $614 | $10K | 5.5x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6024 | +0.032% | $21K | $434K | 20x | as long as short |
| Gate PONS_USDT | +0.0100% | 4h | 0.6012 | −0.168% | $5.3M | $6.3M | 20x | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.5984 | −0.639% | $33K | $351K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6014 | −0.143% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.6020 | −0.033% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USDshort | +0.0100% | 1h | 0.6015 | −0.118% | $26K | $527K | 3x | |
| HTX PONS-USDT | +0.0100% | 4h | 0.6045 | +0.385% | $64K | $508K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.6014 | −0.135% | $1.7M | $3.2M | 20x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
Gate PONS_USDT
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDT
HTX PONS-USDT
Phemex PONSUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni PONS | +0.0189% | 4h | 0.5977 | −0.751% | $1.4M | $3.9M | — | as long as short |
| Aevo PONS-PERP | +0.0208% | 1h | 0.6007 | −0.246% | $374 | — | 3x | as long as short |
| Nado PONS-PERP | +0.0209% | 1h | 0.6022 | −0.002% | $71K | $129K | 5x | as long as short |
| Lighter RH PONS | +0.0216% | 1h | 0.6018 | −0.068% | $415K | $2.5M | 3x | as long as short |
| Lighter PONS | +0.0296% | 1h | 0.6018 | −0.068% | $1.7M | $875K | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.0298% | 4h | 0.6031 | +0.148% | $13.7M | $55.0M | 20x | as long as short |
| Bitget PONSUSDT | +0.0406% | 4h | 0.6030 | +0.136% | $4.7M | $11.3M | 20x | as long as short |
| Aster PONSUSDT | +0.0421% | 4h | 0.6026 | +0.070% | $1.1M | $2.1M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0430% | 4h | 0.6019 | −0.056% | $1.7M | $3.7M | 20x | as long as short |
| BingX PONS-USDT | +0.0488% | 4h | 0.6030 | +0.131% | — | $3.0M | — | as long as short |
| Bybit PONSUSDT | +0.0498% | 4h | 0.6028 | +0.098% | $18.0M | $30.6M | 20x | as long as short |
| Extended PONS-USD | +0.0504% | 1h | 0.6029 | +0.122% | $249K | $671K | 5x | as long as short |
| MEXC PONS_USDT | +0.0506% | 4h | 0.6030 | +0.131% | $7.6M | $4.7M | 20x | as long as short |
| Binance PONSUSDT | +0.0508% | 4h | 0.6033 | +0.181% | $39.5M | $94.3M | 20x | as long as short |
| edgeX PONSUSDC | +0.0511% | 4h | 0.6000 | −0.362% | $18K | $293K | 10x | as long as short |
| Hyperliquid PONSlong | +0.0727% | 1h | 0.6022 | long leg | $61.3M | $27.8M | 3x | |
| BloFin PONS-USDT | +0.0748% | 4h | 0.6026 | +0.065% | $1.7M | $967K | 20x | as long as short |
| Pacifica PONS | +0.0755% | 1h | 0.6017 | −0.087% | $47K | $70K | 3x | as long as short |
| Polymarket Perps PONS-USD | +0.0833% | 1h | 0.6018 | −0.068% | $68K | $1.6M | 3x | as long as short |
| Phoenix PONS | +0.1639% | 1h | 0.5961 | −1.010% | $31K | $98K | 3x | as long as short |
Variational Omni PONS
Aevo PONS-PERP
Nado PONS-PERP
Lighter RH PONS
Lighter PONS
OKX PONS-USDT-SWAP
Bitget PONSUSDT
Aster PONSUSDT
KuCoin PONSUSDTM
BingX PONS-USDT
Bybit PONSUSDT
Extended PONS-USD
MEXC PONS_USDT
Binance PONSUSDT
edgeX PONSUSDC
BloFin PONS-USDT
Pacifica PONS
Polymarket Perps PONS-USD
Phoenix PONS