PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0472%/8h= +51.6% APRnext payment +$2.36 per $10,000 · paid last 24h +0.084%

Price spread now: Binance against Orderly−0.050%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 Binance

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—needs both histories

Funding pays, the price is against you. Binance is 0.050% cheaper against Orderly than usual: you would sell low and buy high (spread −0.050% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 9 hours of funding at the current rate (+$14 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_PONS_USDC_mythos	0.5974	0.0100	pay 0.0050% / 4h	30m 15s	$2K	$3K	10x
Short	Binance PONSUSDT	0.5971	0.0572	get 0.0286% / 4h	30m 15s	$39.2M	$94.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.050%Rate

Funding earned: $99.02
Price spread: −0.050% → 0.000%: −$5.02
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: $78
Costs to cover: 0.160%
Break-even: 1.5 days

Slippage unknown: Orderly: no order-book sample; Binance: live order book, 13 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 Binance live order book, 13 min ago	1.68 bp	15.1 bp −$15	41.7 bp −$417	214.2 bp −$21.4K	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	0.5959	−0.244%	$237K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.075%	$614	$10K	5.5x	as long as short
Lighter PONS	+0.0096%	1h	0.5968	−0.095%	$1.6M	$884K	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5976	+0.033%	$20K	$435K	20x	as long as short
Gate PONS_USDT	+0.0100%	4h	0.5972	−0.033%	$5.3M	$6.3M	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6004	+0.501%	$34K	$349K	5x	as long as short
Orderly PERP_PONS_USDC_mythoslong	+0.0100%	4h	0.5974	long leg	$2K	$3K	10x
SunX PONS-USDT	+0.0100%	4h	0.5966	−0.132%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5968	−0.100%	$26K	$531K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5980	+0.094%	$65K	$512K	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	0.5967	−0.117%	$1.6M	$3.2M	20x	as long as short
Variational Omni PONS	+0.0215%	4h	0.5965	−0.143%	$1.4M	$3.9M	—	as long as short
Aevo PONS-PERP	+0.0224%	1h	0.5970	−0.072%	$372	—	3x	as long as short
Nado PONS-PERP	+0.0230%	1h	0.5977	+0.050%	$70K	$129K	5x	as long as short
Lighter RH PONS	+0.0296%	1h	0.5970	−0.072%	$401K	$2.5M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0300%	4h	0.5980	+0.100%	$13.6M	$54.7M	20x	as long as short
Aster PONSUSDT	+0.0430%	4h	0.5975	+0.021%	$1.1M	$2.1M	20x	as long as short
Bybit PONSUSDT	+0.0458%	4h	0.5969	−0.084%	$17.8M	$30.8M	20x	as long as short
Bitget PONSUSDT	+0.0458%	4h	0.5980	+0.105%	$4.6M	$11.5M	20x	as long as short
BingX PONS-USDT	+0.0528%	4h	0.5982	+0.134%	—	$3.0M	—	as long as short
edgeX PONSUSDC	+0.0559%	4h	0.5950	−0.410%	$18K	$293K	10x	as long as short
Extended PONS-USD	+0.0568%	1h	0.5968	−0.093%	$107K	$809K	5x	as long as short
MEXC PONS_USDT	+0.0570%	4h	0.5973	−0.017%	$7.6M	$4.7M	20x	as long as short
Binance PONSUSDTshort	+0.0572%	4h	0.5971	−0.050%	$39.2M	$94.8M	20x
KuCoin PONSUSDTM	+0.0634%	4h	0.5966	−0.132%	$1.6M	$3.7M	20x	as long as short
Hyperliquid PONS	+0.0711%	1h	0.5983	+0.156%	$60.9M	$27.9M	3x	as long as short
BloFin PONS-USDT	+0.0812%	4h	0.5970	−0.067%	$1.7M	$953K	20x	as long as short
Pacifica PONS	+0.0859%	1h	0.5984	+0.169%	$47K	$67K	3x	as long as short
Polymarket Perps PONS-USD	+0.0909%	1h	0.5977	+0.044%	$66K	$1.6M	3x	as long as short
Phoenix PONS	+0.1736%	1h	0.5990	+0.266%	$31K	$104K	3x	as long as short