PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0038%/8h= +4.2% APRnext payment +$0.19 per $10,000 · paid last 24h +0.119%

Price spread now: Bitget against Orderly+0.098%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Bitget

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

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bitget is 0.098% dearer against Orderly than usual: you sell high and buy low: +$10 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	0.6139	0.0100	pay 0.0050% / 4h	34m 47s	$2K	$3K	10x
Short	Bitget PONSUSDT	0.6145	0.0138	get 0.0069% / 4h	34m 47s	$4.8M	$11.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.098%Rate

Funding earned: $7.98
Price spread: +0.098% → 0.000%: $9.77
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$0.25
Costs to cover: 0.180%
Break-even: 7.2 days

Slippage unknown: Orderly: no order-book sample; Bitget: 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 Bitget live order book, 4 min ago	3.91 bp	16.1 bp −$16	doesn't fit	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
Injective PONS/USDC PERP	−0.0047%	1h	0.5969	−2.761%	$614	$10K	5.5x	as long as short
gTrade (Gains Network) PONS/USD	L +0.0033% / S −0.0034%	1h	0.6130	−0.145%	$237K	—	150x	as long as short
Lighter RH PONS	+0.0096%	1h	0.6139	−0.005%	$428K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6139	0.000%	$20K	$438K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6139	0.000%	$88K	$107K	5x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.6136	−0.049%	$18.5M	$31.5M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.6140	+0.016%	$14.0M	$58.3M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6125	−0.231%	$1.4M	$4.2M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6139	+0.007%	$33K	$359K	5x	as long as short
Orderly PERP_PONS_USDC_mythoslong	+0.0100%	4h	0.6139	long leg	$2K	$3K	10x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX PONS-USDT	+0.0100%	4h	0.6141	+0.033%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6132	−0.114%	$28K	$547K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6154	+0.248%	$65K	$508K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6133	−0.098%	$1.7M	$3.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0122%	4h	0.6137	−0.029%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDTshort	+0.0138%	4h	0.6145	+0.098%	$4.8M	$11.7M	20x
Aevo PONS-PERP	+0.0160%	1h	0.6133	−0.098%	$382	—	3x	as long as short
Aster PONSUSDT	+0.0179%	4h	0.6134	−0.075%	$1.1M	$2.2M	20x	as long as short
Lighter PONS	+0.0232%	1h	0.6139	−0.002%	$1.7M	$922K	3x	as long as short
BingX PONS-USDT	+0.0300%	4h	0.6132	−0.114%	—	$3.1M	—	as long as short
MEXC PONS_USDT	+0.0308%	4h	0.6138	−0.016%	$8.1M	$4.9M	20x	as long as short
edgeX PONSUSDC	+0.0309%	4h	0.6134	−0.087%	$21K	$293K	10x	as long as short
Binance PONSUSDT	+0.0309%	4h	0.6139	+0.007%	$40.2M	$98.9M	20x	as long as short
Extended PONS-USD	+0.0312%	1h	0.6132	−0.113%	$253K	$682K	5x	as long as short
BloFin PONS-USDT	+0.0549%	4h	0.6132	−0.114%	$1.8M	$1.0M	20x	as long as short
Polymarket Perps PONS-USD	+0.0682%	1h	0.6138	−0.015%	$42K	$1.7M	3x	as long as short
Pacifica PONS	+0.0899%	1h	0.6139	−0.001%	$48K	$96K	3x	as long as short
Hyperliquid PONS	+0.0938%	1h	0.6142	+0.046%	$62.4M	$30.3M	3x	as long as short
Phoenix PONS	+0.1307%	1h	0.6134	−0.085%	$31K	$102K	3x	as long as short
Gate PONS_USDT	+0.2206%	4h	0.6128	−0.179%	$5.4M	$6.3M	20x	as long as short