Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.150%
Price spread now: Bybit against Orderly−0.257%7-day average — · you buy dearer than you sell
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
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.257% cheaper against Orderly than usual: you would sell low and buy high, −$26 on $10k if it 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 | 0.5948 | 0.0100 | pay 0.0050% / 4h | 2h 58m | $2K | $3K | 10x |
| Short | Bybit PONSUSDT | 0.5933 | 0.0100 | get 0.0050% / 4h | 2h 58m | $18.1M | $31.4M | 20x |
Orderly PERP_PONS_USDC_mythos
Bybit PONSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $0
- Price spread: −0.257% → 0.000%
- −$25.72
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$42.72
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Bybit: live order book, 1 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 Bybit live order book, 1 min ago | 1.68 bp | 16.1 bp −$16 | 39.6 bp −$396 | 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 +0.0032% / S −0.0032% | 1h | 0.5941 | −0.114% | $213K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0066% | 1h | 0.5920 | −0.482% | $609 | $6K | 5.5x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.5944 | −0.072% | $21K | $461K | 20x | as long as short |
| Bybit PONSUSDTshort | +0.0100% | 4h | 0.5933 | −0.257% | $18.1M | $31.4M | 20x | |
| OKX PONS-USDT-SWAP | +0.0100% | 4h | 0.5932 | −0.274% | $13.6M | $56.3M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0100% | 4h | 0.5943 | −0.082% | $1.8M | $3.7M | 20x | as long as short |
| Bitget PONSUSDT | +0.0100% | 4h | 0.5937 | −0.193% | $4.6M | $11.6M | 20x | as long as short |
| Variational Omni PONS | +0.0100% | 4h | 0.5963 | +0.240% | $1.4M | $4.3M | — | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.5949 | +0.008% | $34K | $325K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythoslong | +0.0100% | 4h | 0.5948 | long leg | $2K | $3K | 10x |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
OKX PONS-USDT-SWAP
KuCoin PONSUSDTM
Bitget PONSUSDT
Variational Omni PONS
ApeX Omni PONSUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX PONS-USDT | +0.0100% | 4h | 0.5951 | +0.049% | — | $1.4M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.5938 | −0.173% | $27K | $539K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.5948 | +0.002% | $64K | $504K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.5934 | −0.240% | $1.7M | $3.3M | 20x | as long as short |
| Aevo PONS-PERP | +0.0128% | 1h | 0.5946 | −0.033% | $370 | — | 3x | as long as short |
| Gate PONS_USDT | +0.0174% | 4h | 0.5935 | −0.224% | $5.2M | $6.7M | 20x | as long as short |
| BingX PONS-USDT | +0.0187% | 4h | 0.5937 | −0.190% | — | $3.1M | — | as long as short |
| MEXC PONS_USDT | +0.0188% | 4h | 0.5936 | −0.207% | $7.8M | $5.1M | 20x | as long as short |
| Binance PONSUSDT | +0.0191% | 4h | 0.5938 | −0.173% | $38.7M | $98.4M | 20x | as long as short |
| Extended PONS-USD | +0.0192% | 1h | 0.5945 | −0.060% | $107K | $535K | 5x | as long as short |
| edgeX PONSUSDC | +0.0197% | 4h | 0.5945 | −0.050% | $21K | $294K | 10x | as long as short |
| Lighter RH PONS | +0.0224% | 1h | 0.5941 | −0.124% | $401K | $2.5M | 3x | as long as short |
| Nado PONS-PERP | +0.0251% | 1h | 0.5949 | +0.016% | $84K | $100K | 5x | as long as short |
| Aster PONSUSDT | +0.0267% | 4h | 0.5942 | −0.113% | $1.1M | $2.2M | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.0395% | 1h | 0.5946 | −0.047% | $39K | $1.8M | 3x | as long as short |
| BloFin PONS-USDT | +0.0428% | 4h | 0.5967 | +0.314% | $1.7M | $996K | 20x | as long as short |
| Pacifica PONS | +0.0474% | 1h | 0.5947 | −0.026% | $47K | $102K | 3x | as long as short |
| Hyperliquid PONS | +0.0671% | 1h | 0.5939 | −0.150% | $59.5M | $29.7M | 3x | as long as short |
| Phoenix PONS | +0.1232% | 1h | 0.5953 | +0.072% | $27K | $80K | 3x | as long as short |
| Lighter PONS | +0.1368% | 1h | 0.5943 | −0.086% | $1.7M | $879K | 3x | as long as short |
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDT
Aevo PONS-PERP
Gate PONS_USDT
BingX PONS-USDT
MEXC PONS_USDT
Binance PONSUSDT
Extended PONS-USD
edgeX PONSUSDC
Lighter RH PONS
Nado PONS-PERP
Aster PONSUSDT
Polymarket Perps PONS-USD
BloFin PONS-USDT
Pacifica PONS
Hyperliquid PONS
Phoenix PONS
Lighter PONS