Funding you earn now, next payment 03:00 UTC+0.0614%/8h= +67.3% APRpaid last 24h +0.159%
Price spread now: Hyperliquid against Orderly+0.015%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—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$18 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_PONS_USDC_mythos | 0.5991 | 0.0100 | pay 0.0050% / 4h | 1h 21m | $2K | $3K | 10x |
| Short | Hyperliquid PONS | 0.5992 | 0.0714 | get 0.0089% / 1h | 21m 07s | $61.1M | $27.6M | 3x |
Orderly PERP_PONS_USDC_mythos
Hyperliquid PONSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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
- $129.04
- Price spread: +0.015% → 0.000%
- $1.5
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $115.54
- Costs to cover
- 0.150%
- Break-even
- 0.7 days
Slippage unknown: Orderly: no order-book sample; Hyperliquid: 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 Hyperliquid live order book, 12 min ago | 2.94 bp | 12.4 bp −$12 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) PONS/USD | L +0.0033% / S −0.0033% | 1h | 0.5971 | −0.334% | $236K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | −0.367% | $614 | $10K | 5.5x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.5988 | −0.058% | $21K | $433K | 20x | as long as short |
| Gate PONS_USDT | +0.0100% | 4h | 0.5973 | −0.309% | $5.2M | $6.3M | 20x | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.5952 | −0.659% | $33K | $352K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythoslong | +0.0100% | 4h | 0.5991 | long leg | $2K | $3K | 10x | |
| SunX PONS-USDT | +0.0100% | 4h | 0.5974 | −0.299% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.5987 | −0.083% | $26K | $521K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.5992 | +0.013% | $64K | $508K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.5981 | −0.175% | $1.6M | $3.2M | 20x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
Gate PONS_USDT
ApeX Omni PONSUSDT
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni PONS | +0.0169% | 4h | 0.5906 | −1.422% | $1.4M | $3.9M | — | as long as short |
| Lighter RH PONS | +0.0192% | 1h | 0.5985 | −0.108% | $409K | $2.5M | 3x | as long as short |
| Aevo PONS-PERP | +0.0200% | 1h | 0.5984 | −0.128% | $373 | — | 3x | as long as short |
| Nado PONS-PERP | +0.0220% | 1h | 0.5986 | −0.092% | $70K | $129K | 5x | as long as short |
| Lighter PONS | +0.0240% | 1h | 0.5985 | −0.108% | $1.7M | $875K | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.0297% | 4h | 0.5993 | +0.025% | $13.6M | $54.4M | 20x | as long as short |
| Aster PONSUSDT | +0.0396% | 4h | 0.5986 | −0.092% | $1.1M | $2.1M | 20x | as long as short |
| Bitget PONSUSDT | +0.0406% | 4h | 0.5990 | −0.028% | $4.6M | $11.3M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0426% | 4h | 0.5985 | −0.110% | $1.7M | $3.7M | 20x | as long as short |
| edgeX PONSUSDC | +0.0465% | 4h | 0.5921 | −1.174% | $18K | $292K | 10x | as long as short |
| MEXC PONS_USDT | +0.0484% | 4h | 0.5993 | +0.025% | $7.6M | $4.7M | 20x | as long as short |
| Binance PONSUSDT | +0.0484% | 4h | 0.5991 | −0.006% | $39.2M | $94.0M | 20x | as long as short |
| Extended PONS-USD | +0.0488% | 1h | 0.5987 | −0.067% | $247K | $670K | 5x | as long as short |
| BingX PONS-USDT | +0.0502% | 4h | 0.5995 | +0.058% | — | $3.0M | — | as long as short |
| Bybit PONSUSDT | +0.0525% | 4h | 0.5993 | +0.025% | $17.9M | $30.5M | 20x | as long as short |
| Hyperliquid PONSshort | +0.0714% | 1h | 0.5992 | +0.015% | $61.1M | $27.6M | 3x | |
| BloFin PONS-USDT | +0.0724% | 4h | 0.5990 | −0.025% | $1.7M | $959K | 20x | as long as short |
| Pacifica PONS | +0.0755% | 1h | 0.5978 | −0.217% | $47K | $72K | 3x | as long as short |
| Polymarket Perps PONS-USD | +0.0815% | 1h | 0.5988 | −0.067% | $51K | $1.6M | 3x | as long as short |
| Phoenix PONS | +0.1639% | 1h | 0.5961 | −0.504% | $31K | $98K | 3x | as long as short |
Variational Omni PONS
Lighter RH PONS
Aevo PONS-PERP
Nado PONS-PERP
Lighter PONS
OKX PONS-USDT-SWAP
Aster PONSUSDT
Bitget PONSUSDT
KuCoin PONSUSDTM
edgeX PONSUSDC
MEXC PONS_USDT
Binance PONSUSDT
Extended PONS-USD
BingX PONS-USDT
Bybit PONSUSDT
BloFin PONS-USDT
Pacifica PONS
Polymarket Perps PONS-USD
Phoenix PONS