Funding you earn now, next payment 01:00 UTC+0.0303%/8h= +33.1% APRnext payment +$0.38 per $10,000 · paid last 24h +0.110%
Price spread now: Extended against Injective+1.830%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Extended is 1.830% dearer against Injective than usual: you sell high and buy low: +$183 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective PONS/USDC PERP | 0.5969 | 0.0033 | pay 0.0004% / 1h | 40m 47s | $614 | $10K | 5.5x |
| Short | Extended PONS-USD | 0.6079 | 0.0336 | get 0.0042% / 1h | 40m 47s | $252K | $683K | 5x |
Injective PONS/USDC PERP
Extended PONS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Injective. 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
- $63.56
- Price spread: +1.830% → 0.000%
- $182.97
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- $241.51
- Costs to cover
- 0.050%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Extended: live order book, 32 min ago. 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 Injective no order-book sample | — | — | — | — | — |
| Sell Extended live order book, 32 min ago | 10.10 bp | 23.7 bp −$24 | 216.2 bp −$2,162 | doesn't fit | doesn't fit |
Injective: 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 +0.0033% / S −0.0033% | 1h | 0.6078 | +1.816% | $241K | — | 150x | as long as short |
| Injective PONS/USDC PERPlong | +0.0033% | 1h | 0.5969 | long leg | $614 | $10K | 5.5x | |
| Lighter RH PONS | +0.0096% | 1h | 0.6081 | +1.866% | $431K | $2.6M | 3x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6085 | +1.935% | $20K | $415K | 20x | as long as short |
| Variational Omni PONS | +0.0100% | 4h | 0.6080 | +1.844% | $1.4M | $4.2M | — | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6068 | +1.655% | $33K | $357K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6096 | +2.117% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.6089 | +1.998% | — | $1.4M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.6084 | +1.918% | $28K | $553K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6100 | +2.194% | $65K | $510K | 20x | as long as short |
gTrade (Gains Network) PONS/USD
Lighter RH PONS
Popdex PONSUSDT
Variational Omni PONS
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex PONSUSDT | +0.0100% | 4h | 0.6084 | +1.918% | $1.7M | $3.3M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.0110% | 4h | 0.6084 | +1.918% | $13.8M | $57.3M | 20x | as long as short |
| Gate PONS_USDT | +0.0132% | 4h | 0.6072 | +1.717% | $5.3M | $6.2M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0160% | 4h | 0.6076 | +1.787% | $1.8M | $3.8M | 20x | as long as short |
| Aevo PONS-PERP | +0.0160% | 1h | 0.6085 | +1.926% | $379 | — | 3x | as long as short |
| Bitget PONSUSDT | +0.0206% | 4h | 0.6079 | +1.839% | $4.7M | $11.6M | 20x | as long as short |
| Aster PONSUSDT | +0.0218% | 4h | 0.6076 | +1.787% | $1.1M | $2.2M | 20x | as long as short |
| MEXC PONS_USDT | +0.0332% | 4h | 0.6081 | +1.868% | $7.9M | $4.8M | 20x | as long as short |
| Binance PONSUSDT | +0.0333% | 4h | 0.6084 | +1.923% | $39.8M | $97.6M | 20x | as long as short |
| edgeX PONSUSDC | +0.0333% | 4h | 0.6078 | +1.809% | $21K | $292K | 10x | as long as short |
| Extended PONS-USDshort | +0.0336% | 1h | 0.6079 | +1.830% | $252K | $683K | 5x | |
| Lighter PONS | +0.0464% | 1h | 0.6082 | +1.890% | $1.7M | $896K | 3x | as long as short |
| BloFin PONS-USDT | +0.0573% | 4h | 0.6088 | +1.985% | $1.7M | $1.0M | 20x | as long as short |
| Nado PONS-PERP | +0.0582% | 1h | 0.6085 | +1.942% | $105K | $116K | 5x | as long as short |
| Bybit PONSUSDT | +0.0660% | 4h | 0.6082 | +1.885% | $18.2M | $31.1M | 20x | as long as short |
| Pacifica PONS | +0.0665% | 1h | 0.6083 | +1.908% | $48K | $87K | 3x | as long as short |
| BingX PONS-USDT | +0.0740% | 4h | 0.6092 | +2.052% | — | $3.1M | — | as long as short |
| Polymarket Perps PONS-USD | +0.0787% | 1h | 0.6088 | +1.988% | $42K | $1.6M | 3x | as long as short |
| Hyperliquid PONS | +0.0933% | 1h | 0.6085 | +1.931% | $61.9M | $29.8M | 3x | as long as short |
| Phoenix PONS | +0.1608% | 1h | 0.6085 | +1.926% | $31K | $113K | 3x | as long as short |
Phemex PONSUSDT
OKX PONS-USDT-SWAP
Gate PONS_USDT
KuCoin PONSUSDTM
Aevo PONS-PERP
Bitget PONSUSDT
Aster PONSUSDT
MEXC PONS_USDT
Binance PONSUSDT
edgeX PONSUSDC
Lighter PONS
BloFin PONS-USDT
Nado PONS-PERP
Bybit PONSUSDT
Pacifica PONS
BingX PONS-USDT
Polymarket Perps PONS-USD
Hyperliquid PONS
Phoenix PONS