Funding you earn now, next payment 22:00 UTC+0.1298%/8h= +142.1% APRpaid last 24h +0.343%
Price spread now: Phoenix against OKX+0.183%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+1.759%+$176 on $10k
+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 +$39 a day on $10k at the current rate, and Phoenix is 0.183% dearer against OKX than usual: you sell high and buy low: +$18 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 | OKX PONS-USDT-SWAP | 0.6081 | 0.0100 | pay 0.0050% / 4h | 57m 06s | $13.8M | $57.8M | 20x |
| Short | Phoenix PONS | 0.6092 | 0.1398 | get 0.0175% / 1h | 57m 06s | $31K | $102K | 3x |
OKX PONS-USDT-SWAP
Phoenix PONSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against OKX. 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
- $272.61
- Price spread: +0.183% → 0.000%
- $18.25
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $273.87
- Costs to cover
- 0.170%
- Break-even
- from the start
Slippage unknown: OKX: live order book, 2 min ago; Phoenix: no order-book sample. 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 OKX live order book, 2 min ago | 0.82 bp | 11.5 bp −$12 | 30.4 bp −$304 | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Phoenix: 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 PERP | −0.0047% | 1h | 0.5969 | −1.834% | $614 | $10K | 5.5x | as long as short |
| gTrade (Gains Network) PONS/USD | L +0.0033% / S −0.0036% | 1h | 0.6086 | +0.077% | $229K | — | 150x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6092 | +0.181% | $21K | $450K | 20x | as long as short |
| Nado PONS-PERP | +0.0100% | 1h | 0.6093 | +0.189% | $86K | $107K | 5x | as long as short |
| Bybit PONSUSDT | +0.0100% | 4h | 0.6080 | −0.016% | $18.3M | $31.7M | 20x | as long as short |
| OKX PONS-USDT-SWAPlong | +0.0100% | 4h | 0.6081 | long leg | $13.8M | $57.8M | 20x | |
| KuCoin PONSUSDTM | +0.0100% | 4h | 0.6093 | +0.194% | $1.8M | $3.7M | 20x | as long as short |
| Variational Omni PONS | +0.0100% | 4h | 0.6093 | +0.200% | $1.4M | $4.3M | — | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6095 | +0.224% | $33K | $359K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6101 | +0.326% | $3K | $3K | 10x | as long as short |
Injective PONS/USDC PERP
gTrade (Gains Network) PONS/USD
Popdex PONSUSDT
Nado PONS-PERP
Bybit PONSUSDT
KuCoin PONSUSDTM
Variational Omni PONS
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythosShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX PONS-USDT | +0.0100% | 4h | 0.6094 | +0.210% | — | $1.4M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.6095 | +0.222% | $28K | $548K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6100 | +0.321% | $65K | $509K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.6085 | +0.066% | $1.7M | $3.3M | 20x | as long as short |
| Bitget PONSUSDT | +0.0102% | 4h | 0.6096 | +0.247% | $4.8M | $11.7M | 20x | as long as short |
| Aevo PONS-PERP | +0.0144% | 1h | 0.6098 | +0.273% | $380 | — | 3x | as long as short |
| Lighter RH PONS | +0.0160% | 1h | 0.6096 | +0.247% | $430K | $2.6M | 3x | as long as short |
| Aster PONSUSDT | +0.0181% | 4h | 0.6091 | +0.158% | $1.1M | $2.2M | 20x | as long as short |
| Lighter PONS | +0.0240% | 1h | 0.6096 | +0.253% | $1.7M | $921K | 3x | as long as short |
| Extended PONS-USD | +0.0248% | 1h | 0.6096 | +0.254% | $253K | $680K | 5x | as long as short |
| Binance PONSUSDT | +0.0249% | 4h | 0.6086 | +0.082% | $39.6M | $98.7M | 20x | as long as short |
| MEXC PONS_USDT | +0.0250% | 4h | 0.6095 | +0.230% | $8.1M | $4.8M | 20x | as long as short |
| BingX PONS-USDT | +0.0252% | 4h | 0.6092 | +0.181% | — | $3.1M | — | as long as short |
| edgeX PONSUSDC | +0.0258% | 4h | 0.6096 | +0.246% | $21K | $292K | 10x | as long as short |
| BloFin PONS-USDT | +0.0489% | 4h | 0.6098 | +0.280% | $1.7M | $1.0M | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.0636% | 1h | 0.6093 | +0.201% | $40K | $1.7M | 3x | as long as short |
| Hyperliquid PONS | +0.0849% | 1h | 0.6097 | +0.258% | $61.9M | $30.6M | 3x | as long as short |
| Pacifica PONS | +0.0899% | 1h | 0.6091 | +0.163% | $48K | $96K | 3x | as long as short |
| Phoenix PONSshort | +0.1398% | 1h | 0.6092 | +0.183% | $31K | $102K | 3x | |
| Gate PONS_USDT | +0.1772% | 4h | 0.6091 | +0.164% | $5.3M | $6.2M | 20x | as long as short |
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDT
Bitget PONSUSDT
Aevo PONS-PERP
Lighter RH PONS
Aster PONSUSDT
Lighter PONS
Extended PONS-USD
Binance PONSUSDT
MEXC PONS_USDT
BingX PONS-USDT
edgeX PONSUSDC
BloFin PONS-USDT
Polymarket Perps PONS-USD
Hyperliquid PONS
Pacifica PONS
Gate PONS_USDT