PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0393%/8h= +43.1% APRnext payment +$1.97 per $10,000 · paid last 24h +0.053%

Price spread now: Aster against Orderly−0.109%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Aster is 0.109% cheaper against Orderly than usual: you would sell low and buy high (spread −0.109% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 22 hours of funding at the current rate (+$12 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_PONS_USDC_mythos	0.5940	0.0100	pay 0.0050% / 4h	2h 43m	$2K	$3K	10x
Short	Aster PONSUSDT	0.5934	0.0493	get 0.0247% / 4h	2h 43m	$1.1M	$2.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Orderly. 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 OrderlybpFee AsterbpOrdersPrice spread, now −0.109%Rate

Funding earned: $82.6
Price spread: −0.109% → 0.000%: −$10.89
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Aster: 4 bp × 2 orders: −$8
Net: $57.71
Costs to cover: 0.140%
Break-even: 2.1 days

Slippage unknown: Orderly: no order-book sample; Aster: live order book, 4 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 Orderly no order-book sample	—	—	—	—	—
Sell Aster live order book, 4 min ago	3.28 bp	10.3 bp −$10	45.2 bp −$452	doesn't fit	doesn't fit

Orderly: 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 −0.0032%	1h	0.5925	−0.263%	$235K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+0.490%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5929	−0.195%	$418K	$2.5M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5935	−0.091%	$21K	$417K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5935	−0.086%	$69K	$130K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5929	−0.192%	$34K	$335K	5x	as long as short
Orderly PERP_PONS_USDC_mythoslong	+0.0100%	4h	0.5940	long leg	$2K	$3K	10x
SunX PONS-USDT	+0.0100%	4h	0.5931	−0.158%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5933	−0.133%	$26K	$546K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5937	−0.052%	$64K	$513K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex PONSUSDT	+0.0100%	4h	0.5936	−0.074%	$1.6M	$3.2M	20x	as long as short
Gate PONS_USDT	+0.0154%	4h	0.5933	−0.125%	$5.2M	$6.2M	20x	as long as short
Aevo PONS-PERP	+0.0240%	1h	0.5936	−0.082%	$370	—	3x	as long as short
Hyperliquid PONS	+0.0272%	1h	0.5927	−0.226%	$60.1M	$29.0M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0372%	4h	0.5926	−0.242%	$13.5M	$54.7M	20x	as long as short
Aster PONSUSDTshort	+0.0493%	4h	0.5934	−0.109%	$1.1M	$2.2M	20x
Variational Omni PONS	+0.0538%	4h	0.5931	−0.150%	$1.4M	$4.1M	—	as long as short
Bitget PONSUSDT	+0.0556%	4h	0.5931	−0.158%	$4.7M	$11.8M	20x	as long as short
Extended PONS-USD	+0.0616%	1h	0.5935	−0.084%	$106K	$807K	5x	as long as short
MEXC PONS_USDT	+0.0618%	4h	0.5936	−0.074%	$7.6M	$4.7M	20x	as long as short
Binance PONSUSDT	+0.0618%	4h	0.5930	−0.175%	$38.8M	$94.7M	20x	as long as short
edgeX PONSUSDC	+0.0627%	4h	0.5939	−0.030%	$20K	$296K	10x	as long as short
Pacifica PONS	+0.0715%	1h	0.5936	−0.080%	$46K	$68K	3x	as long as short
KuCoin PONSUSDTM	+0.0736%	4h	0.5937	−0.054%	$1.6M	$3.8M	20x	as long as short
BingX PONS-USDT	+0.0796%	4h	0.5935	−0.091%	—	$3.0M	—	as long as short
Lighter PONS	+0.0800%	1h	0.5931	−0.160%	$1.6M	$886K	3x	as long as short
Polymarket Perps PONS-USD	+0.0807%	1h	0.5933	−0.126%	$88K	$1.7M	3x	as long as short
Bybit PONSUSDT	+0.0851%	4h	0.5926	−0.242%	$17.7M	$31.0M	20x	as long as short
BloFin PONS-USDT	+0.0858%	4h	0.5938	−0.040%	$1.7M	$946K	20x	as long as short
Phoenix PONS	+0.1719%	1h	0.5937	−0.052%	$45K	$121K	3x	as long as short