PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0314%/8h= +34.3% APRnext payment +$1.57 per $10,000 · paid last 24h +0.089%

Price spread now: edgeX against Orderly+0.190%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 edgeX

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 airdropedgeX: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and edgeX is 0.190% dearer against Orderly than usual: you sell high and buy low: +$19 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	0.6027	0.0100	pay 0.0050% / 4h	2h 29m	$2K	$3K	10x
Short	edgeX PONSUSDC	0.6038	0.0414	get 0.0207% / 4h	2h 29m	$21K	$294K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.190%Rate

Funding earned: $65.87
Price spread: +0.190% → 0.000%: $18.98
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $69.84
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; edgeX: live order book, 39 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 edgeX live order book, 39 min ago	13.02 bp	21.3 bp −$21	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 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	0.6010	−0.271%	$238K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.951%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6026	−0.013%	$20K	$423K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6043	+0.262%	$1.4M	$4.0M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6038	+0.187%	$33K	$354K	5x	as long as short
Orderly PERP_PONS_USDC_mythoslong	+0.0100%	4h	0.6027	long leg	$2K	$3K	10x
SunX PONS-USDT	+0.0100%	4h	0.6028	+0.025%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6013	−0.231%	$26K	$518K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6034	+0.116%	$64K	$509K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6015	−0.196%	$1.7M	$3.2M	20x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH PONS	+0.0144%	1h	0.6022	−0.081%	$424K	$2.5M	3x	as long as short
Aevo PONS-PERP	+0.0184%	1h	0.6025	−0.037%	$375	—	3x	as long as short
KuCoin PONSUSDTM	+0.0210%	4h	0.6026	−0.017%	$1.7M	$3.7M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0220%	4h	0.6015	−0.196%	$13.8M	$54.9M	20x	as long as short
Bybit PONSUSDT	+0.0238%	4h	0.6010	−0.279%	$18.0M	$30.5M	20x	as long as short
Nado PONS-PERP	+0.0246%	1h	0.6031	+0.070%	$71K	$131K	5x	as long as short
Lighter PONS	+0.0272%	1h	0.6015	−0.196%	$1.7M	$884K	3x	as long as short
Bitget PONSUSDT	+0.0302%	4h	0.6020	−0.111%	$4.7M	$11.3M	20x	as long as short
Aster PONSUSDT	+0.0369%	4h	0.6036	+0.150%	$1.1M	$2.0M	20x	as long as short
BingX PONS-USDT	+0.0390%	4h	0.6017	−0.163%	—	$3.0M	—	as long as short
Extended PONS-USD	+0.0408%	1h	0.6023	−0.059%	$249K	$674K	5x	as long as short
MEXC PONS_USDT	+0.0408%	4h	0.6024	−0.046%	$7.7M	$4.7M	20x	as long as short
Binance PONSUSDT	+0.0409%	4h	0.6015	−0.196%	$39.4M	$95.1M	20x	as long as short
edgeX PONSUSDCshort	+0.0414%	4h	0.6038	+0.190%	$21K	$294K	10x
Gate PONS_USDT	+0.0530%	4h	0.6027	+0.003%	$5.3M	$6.1M	20x	as long as short
Hyperliquid PONS	+0.0683%	1h	0.6028	+0.020%	$61.3M	$28.2M	3x	as long as short
Polymarket Perps PONS-USD	+0.0738%	1h	0.6027	+0.007%	$45K	$1.5M	3x	as long as short
Pacifica PONS	+0.0869%	1h	0.6032	+0.080%	$48K	$75K	3x	as long as short
Phoenix PONS	+0.1695%	1h	0.6041	+0.231%	$31K	$107K	3x	as long as short