Funding you earn now, next payment 04:00 UTC+0.0314%/8h= +34.4% APRnext payment +$1.57 per $10,000 · paid last 24h +0.129%
Price spread now: BingX against Orderly+0.402%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and BingX is 0.402% dearer against Orderly than usual: you sell high and buy low: +$40 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 | Orderly PERP_PONS_USDC_mythos | 0.6051 | 0.0100 | pay 0.0050% / 4h | 2h 07m | $2K | $3K | 10x |
| Short | BingX PONS-USDT | 0.6075 | 0.0414 | get 0.0207% / 4h | 2h 07m | — | $3.0M | — |
Orderly PERP_PONS_USDC_mythos
BingX PONS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Orderly. 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
- $65.94
- Price spread: +0.402% → 0.000%
- $40.16
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $90.1
- Costs to cover
- 0.160%
- Break-even
- from the start
Slippage unknown: Orderly: no order-book sample; BingX: live order book, 12 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 BingX live order book, 12 min ago | 1.65 bp | 12.4 bp −$12 | 34.9 bp −$349 | 143.7 bp −$14.4K | 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 29 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 | 0.6043 | −0.135% | $239K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | −1.342% | $614 | $10K | 5.5x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6048 | −0.045% | $20K | $423K | 20x | as long as short |
| Variational Omni PONS | +0.0100% | 4h | 0.6037 | −0.219% | $1.4M | $4.0M | — | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6047 | −0.056% | $33K | $352K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythoslong | +0.0100% | 4h | 0.6051 | long leg | $2K | $3K | 10x | |
| SunX PONS-USDT | +0.0100% | 4h | 0.6056 | +0.093% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.6056 | +0.094% | $26K | $521K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6069 | +0.296% | $65K | $509K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.6058 | +0.121% | $1.7M | $3.2M | 20x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
Variational Omni PONS
ApeX Omni PONSUSDT
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH PONS | +0.0168% | 1h | 0.6055 | +0.071% | $425K | $2.5M | 3x | as long as short |
| Aevo PONS-PERP | +0.0192% | 1h | 0.6045 | −0.086% | $377 | — | 3x | as long as short |
| Lighter PONS | +0.0216% | 1h | 0.6055 | +0.071% | $1.7M | $886K | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.0261% | 4h | 0.6070 | +0.319% | $13.9M | $55.2M | 20x | as long as short |
| Nado PONS-PERP | +0.0261% | 1h | 0.6040 | −0.177% | $71K | $131K | 5x | as long as short |
| KuCoin PONSUSDTM | +0.0264% | 4h | 0.6070 | +0.317% | $1.7M | $3.6M | 20x | as long as short |
| Bitget PONSUSDT | +0.0350% | 4h | 0.6077 | +0.428% | $4.7M | $11.3M | 20x | as long as short |
| Bybit PONSUSDT | +0.0409% | 4h | 0.6074 | +0.385% | $18.2M | $30.5M | 20x | as long as short |
| Aster PONSUSDT | +0.0413% | 4h | 0.6058 | +0.126% | $1.1M | $2.0M | 20x | as long as short |
| BingX PONS-USDTshort | +0.0414% | 4h | 0.6075 | +0.402% | — | $3.0M | — | |
| MEXC PONS_USDT | +0.0430% | 4h | 0.6073 | +0.369% | $7.8M | $4.8M | 20x | as long as short |
| Binance PONSUSDT | +0.0431% | 4h | 0.6076 | +0.418% | $39.8M | $94.6M | 20x | as long as short |
| Extended PONS-USD | +0.0432% | 1h | 0.6076 | +0.411% | $250K | $670K | 5x | as long as short |
| edgeX PONSUSDC | +0.0453% | 4h | 0.6051 | +0.011% | $21K | $292K | 10x | as long as short |
| Hyperliquid PONS | +0.0709% | 1h | 0.6077 | +0.438% | $61.9M | $27.7M | 3x | as long as short |
| Gate PONS_USDT | +0.0710% | 4h | 0.6059 | +0.137% | $5.3M | $6.2M | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.0768% | 1h | 0.6045 | −0.091% | $47K | $1.5M | 3x | as long as short |
| Pacifica PONS | +0.0869% | 1h | 0.6028 | −0.373% | $48K | $75K | 3x | as long as short |
| Phoenix PONS | +0.1695% | 1h | 0.6057 | +0.102% | $31K | $107K | 3x | as long as short |
Lighter RH PONS
Aevo PONS-PERP
Lighter PONS
OKX PONS-USDT-SWAP
Nado PONS-PERP
KuCoin PONSUSDTM
Bitget PONSUSDT
Bybit PONSUSDT
Aster PONSUSDT
MEXC PONS_USDT
Binance PONSUSDT
Extended PONS-USD
edgeX PONSUSDC
Hyperliquid PONS
Gate PONS_USDT
Polymarket Perps PONS-USD
Pacifica PONS
Phoenix PONS