PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0143%/8h= +15.7% APRnext payment +$0.18 per $10,000 · paid last 24h +0.019%

Price spread now: Popdex against Injective+2.052%46s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Popdex is 2.052% dearer against Injective than usual: you sell high and buy low: +$205 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective PONS/USDC PERP	0.5969	−0.0047	get 0.0006% / 1h	4m 02s	$614	$10K	5.5x
Short	Popdex PONSUSDT	0.6092	0.0096	get 0.0012% / 1h	4m 02s	$20K	$421K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex against Injective. 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 InjectivebpFee PopdexbpOrdersPrice spread, now +2.052%Rate

Funding earned: $30.06
Price spread: +2.052% → 0.000%: $205.21
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: $228.85
Costs to cover: 0.064%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Popdex: live order book, 10 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 Popdex live order book, 10 min ago	3.69 bp	70.4 bp −$70	doesn't fit	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
Injective PONS/USDC PERPlong	−0.0047%	1h	0.5969	long leg	$614	$10K	5.5x
gTrade (Gains Network) PONS/USD	L +0.0033% / S −0.0033%	1h	0.6084	+1.916%	$241K	—	150x	as long as short
Lighter RH PONS	+0.0096%	1h	0.6089	+2.009%	$426K	$2.6M	3x	as long as short
Popdex PONSUSDTshort	+0.0096%	1h	0.6092	+2.052%	$20K	$421K	20x
Bybit PONSUSDT	+0.0100%	4h	0.6089	+2.002%	$18.3M	$31.3M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.6087	+1.968%	$13.9M	$57.7M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6076	+1.779%	$1.4M	$4.2M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6096	+2.116%	$32K	$357K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6095	+2.097%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6093	+2.062%	—	$1.4M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX PONS-USD	+0.0100%	1h	0.6091	+2.034%	$28K	$547K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6103	+2.235%	$65K	$510K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6093	+2.069%	$1.7M	$3.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0126%	4h	0.6088	+1.980%	$1.7M	$3.8M	20x	as long as short
Aster PONSUSDT	+0.0151%	4h	0.6089	+2.010%	$1.1M	$2.2M	20x	as long as short
Aevo PONS-PERP	+0.0152%	1h	0.6093	+2.061%	$380	—	3x	as long as short
Bitget PONSUSDT	+0.0166%	4h	0.6091	+2.042%	$4.7M	$11.7M	20x	as long as short
Nado PONS-PERP	+0.0207%	1h	0.6094	+2.089%	$105K	$116K	5x	as long as short
MEXC PONS_USDT	+0.0292%	4h	0.6091	+2.035%	$8.0M	$4.9M	20x	as long as short
Extended PONS-USD	+0.0296%	1h	0.6091	+2.041%	$252K	$682K	5x	as long as short
Binance PONSUSDT	+0.0297%	4h	0.6092	+2.060%	$39.9M	$98.2M	20x	as long as short
BingX PONS-USDT	+0.0304%	4h	0.6091	+2.035%	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0316%	4h	0.6086	+1.953%	$21K	$293K	10x	as long as short
Lighter PONS	+0.0336%	1h	0.6091	+2.035%	$1.7M	$935K	3x	as long as short
BloFin PONS-USDT	+0.0532%	4h	0.6091	+2.035%	$1.8M	$1.0M	20x	as long as short
Polymarket Perps PONS-USD	+0.0650%	1h	0.6091	+2.040%	$42K	$1.7M	3x	as long as short
Hyperliquid PONS	+0.0836%	1h	0.6091	+2.040%	$62.0M	$29.9M	3x	as long as short
Pacifica PONS	+0.0899%	1h	0.6090	+2.017%	$48K	$96K	3x	as long as short
Phoenix PONS	+0.1307%	1h	0.6085	+1.935%	$31K	$102K	3x	as long as short
Gate PONS_USDT	+0.2192%	4h	0.6088	+1.985%	$5.3M	$6.3M	20x	as long as short