PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0130%/8h= +14.2% APRnext payment +$0.65 per $10,000 · paid last 24h +0.030%

Price spread now: OKX against Orderly−0.104%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on OKX

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

Funding pays, the price is against you. OKX is 0.104% cheaper against Orderly than usual: you would sell low and buy high (spread −0.104% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 2.7 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_PONS_USDC_mythos	0.6031	0.0100	pay 0.0050% / 4h	2h 26m	$2K	$3K	10x
Short	OKX PONS-USDT-SWAP	0.6025	0.0230	get 0.0115% / 4h	2h 26m	$13.8M	$54.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.104%Rate

Funding earned: $27.3
Price spread: −0.104% → 0.000%: −$10.45
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee OKX: 5 bp × 2 orders: −$10
Net: $0.85
Costs to cover: 0.160%
Break-even: 6.8 days

Slippage unknown: Orderly: no order-book sample; OKX: live order book, 2 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 OKX live order book, 2 min ago	0.83 bp	12.9 bp −$13	30.3 bp −$303	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	0.6019	−0.201%	$238K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.025%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6031	−0.005%	$20K	$423K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6043	+0.187%	$1.4M	$4.0M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6017	−0.230%	$33K	$353K	5x	as long as short
Orderly PERP_PONS_USDC_mythoslong	+0.0100%	4h	0.6031	long leg	$2K	$3K	10x
SunX PONS-USDT	+0.0100%	4h	0.6030	−0.013%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6024	−0.126%	$26K	$518K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6035	+0.068%	$64K	$509K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6022	−0.154%	$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	+0.0160%	1h	0.6019	−0.207%	$424K	$2.5M	3x	as long as short
Aevo PONS-PERP	+0.0184%	1h	0.6027	−0.080%	$375	—	3x	as long as short
KuCoin PONSUSDTM	+0.0216%	4h	0.6026	−0.091%	$1.7M	$3.7M	20x	as long as short
OKX PONS-USDT-SWAPshort	+0.0230%	4h	0.6025	−0.104%	$13.8M	$54.9M	20x
Lighter PONS	+0.0240%	1h	0.6023	−0.136%	$1.7M	$884K	3x	as long as short
Nado PONS-PERP	+0.0241%	1h	0.6031	0.000%	$71K	$131K	5x	as long as short
Bybit PONSUSDT	+0.0253%	4h	0.6025	−0.104%	$18.1M	$30.5M	20x	as long as short
Bitget PONSUSDT	+0.0304%	4h	0.6024	−0.116%	$4.7M	$11.3M	20x	as long as short
Aster PONSUSDT	+0.0365%	4h	0.6019	−0.199%	$1.1M	$2.0M	20x	as long as short
BingX PONS-USDT	+0.0388%	4h	0.6016	−0.254%	—	$3.0M	—	as long as short
Binance PONSUSDT	+0.0403%	4h	0.6023	−0.130%	$39.5M	$94.9M	20x	as long as short
MEXC PONS_USDT	+0.0404%	4h	0.6020	−0.187%	$7.7M	$4.7M	20x	as long as short
Extended PONS-USD	+0.0408%	1h	0.6016	−0.247%	$249K	$672K	5x	as long as short
edgeX PONSUSDC	+0.0409%	4h	0.6021	−0.179%	$21K	$291K	10x	as long as short
Gate PONS_USDT	+0.0486%	4h	0.6022	−0.154%	$5.3M	$6.1M	20x	as long as short
Hyperliquid PONS	+0.0679%	1h	0.6020	−0.187%	$61.2M	$28.2M	3x	as long as short
Polymarket Perps PONS-USD	+0.0737%	1h	0.6030	−0.015%	$45K	$1.5M	3x	as long as short
Pacifica PONS	+0.0869%	1h	0.6022	−0.148%	$47K	$75K	3x	as long as short
Phoenix PONS	+0.1695%	1h	0.6041	+0.156%	$31K	$107K	3x	as long as short