Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Popdex against Orderly−0.036%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 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: Popdex is 0.036% cheaper against Orderly than usual: you would sell low and buy high, −$4 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 | 0.6028 | 0.0100 | pay 0.0050% / 4h | 2h 28m | $2K | $3K | 10x |
| Short | Popdex PONSUSDT | 0.6026 | 0.0096 | get 0.0012% / 1h | 28m 02s | $20K | $423K | 20x |
Orderly PERP_PONS_USDC_mythos
Popdex PONSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex 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
- −$0.84
- Price spread: −0.036% → 0.000%
- −$3.65
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$16.89
- Costs to cover
- 0.124%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Popdex: live order book, 41 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 Popdex live order book, 41 min ago | 6.52 bp | 97.1 bp −$97 | 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 | 0.6019 | −0.159% | $238K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | −0.974% | $614 | $10K | 5.5x | as long as short |
| Popdex PONSUSDTshort | +0.0096% | 1h | 0.6026 | −0.036% | $20K | $423K | 20x | |
| Variational Omni PONS | +0.0100% | 4h | 0.6043 | +0.238% | $1.4M | $4.0M | — | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6038 | +0.164% | $33K | $354K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythoslong | +0.0100% | 4h | 0.6028 | long leg | $2K | $3K | 10x | |
| SunX PONS-USDT | +0.0100% | 4h | 0.6026 | −0.043% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.6033 | +0.086% | $26K | $518K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6036 | +0.126% | $64K | $509K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.6036 | +0.129% | $1.7M | $3.2M | 20x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Variational Omni PONS
ApeX Omni PONSUSDT
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH PONS | +0.0176% | 1h | 0.6030 | +0.028% | $425K | $2.5M | 3x | as long as short |
| Aevo PONS-PERP | +0.0184% | 1h | 0.6024 | −0.074% | $375 | — | 3x | as long as short |
| KuCoin PONSUSDTM | +0.0216% | 4h | 0.6023 | −0.080% | $1.7M | $3.7M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.0231% | 4h | 0.6025 | −0.053% | $13.8M | $55.0M | 20x | as long as short |
| Nado PONS-PERP | +0.0244% | 1h | 0.6020 | −0.129% | $71K | $131K | 5x | as long as short |
| Bybit PONSUSDT | +0.0255% | 4h | 0.6026 | −0.036% | $18.1M | $30.5M | 20x | as long as short |
| Lighter PONS | +0.0272% | 1h | 0.6030 | +0.028% | $1.7M | $884K | 3x | as long as short |
| Bitget PONSUSDT | +0.0300% | 4h | 0.6033 | +0.076% | $4.7M | $11.3M | 20x | as long as short |
| Aster PONSUSDT | +0.0358% | 4h | 0.6024 | −0.064% | $1.1M | $2.0M | 20x | as long as short |
| BingX PONS-USDT | +0.0389% | 4h | 0.6031 | +0.046% | — | $3.0M | — | as long as short |
| Extended PONS-USD | +0.0408% | 1h | 0.6026 | −0.029% | $249K | $674K | 5x | as long as short |
| MEXC PONS_USDT | +0.0408% | 4h | 0.6032 | +0.063% | $7.7M | $4.7M | 20x | as long as short |
| Binance PONSUSDT | +0.0409% | 4h | 0.6030 | +0.030% | $39.5M | $94.9M | 20x | as long as short |
| edgeX PONSUSDC | +0.0414% | 4h | 0.6038 | +0.166% | $21K | $294K | 10x | as long as short |
| Gate PONS_USDT | +0.0506% | 4h | 0.6027 | −0.020% | $5.3M | $6.1M | 20x | as long as short |
| Hyperliquid PONS | +0.0686% | 1h | 0.6029 | +0.020% | $61.3M | $28.2M | 3x | as long as short |
| Polymarket Perps PONS-USD | +0.0737% | 1h | 0.6025 | −0.055% | $45K | $1.5M | 3x | as long as short |
| Pacifica PONS | +0.0869% | 1h | 0.6020 | −0.134% | $47K | $75K | 3x | as long as short |
| Phoenix PONS | +0.1695% | 1h | 0.6041 | +0.207% | $31K | $107K | 3x | as long as short |
Lighter RH PONS
Aevo PONS-PERP
KuCoin PONSUSDTM
OKX PONS-USDT-SWAP
Nado PONS-PERP
Bybit PONSUSDT
Lighter PONS
Bitget PONSUSDT
Aster PONSUSDT
BingX PONS-USDT
Extended PONS-USD
MEXC PONS_USDT
Binance PONSUSDT
edgeX PONSUSDC
Gate PONS_USDT
Hyperliquid PONS
Polymarket Perps PONS-USD
Pacifica PONS
Phoenix PONS