Funding you earn now, next payment 00:00 UTC+0.0196%/8h= +21.5% APRpaid last 24h +0.092%
Price spread now: Extended against Phemex−0.031%7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$126as in the Price arb table
costs, in and out, $10k−$1261.257% of the position
Funding, last 7 days+0.562%+$56 on $10k
+Price spread, last 3 days (all we have)−0.199%−$20 · spread now −0.031%, 7d avg −0.025%
=Together, before fees+0.363%+ Points / potential airdropExtended: Active · farm board+$36 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.025%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex PONSUSDT | 0.6086 | 0.0100 | pay 0.0050% / 4h | 6m 00s | $1.7M | $3.3M | 20x |
| Short | Extended PONS-USD | 0.6084 | 0.0296 | get 0.0037% / 1h | 6m 00s | $252K | $682K | 5x |
Phemex PONSUSDT
Extended PONS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Phemex. 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
- $41.16
- Price spread: −0.031% → −0.025%
- −$0.66
- Slippage, 4 orders
- −$108.72
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$85.22
- Costs to cover
- 1.257%
- Break-even
- 21.5 days
Slippage from Phemex: live order book, 3 min ago; Extended: live order book, 7 min ago.
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 Phemex live order book, 3 min ago | 4.10 bp | 36.8 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 7 min ago | 10.10 bp | 23.7 bp −$24 | 216.2 bp −$2,162 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −0.0047% | 1h | 0.5969 | −1.914% | $614 | $10K | 5.5x | as long as short |
| gTrade (Gains Network) PONS/USD | L +0.0033% / S −0.0033% | 1h | 0.6072 | −0.232% | $240K | — | 150x | as long as short |
| Lighter RH PONS | +0.0096% | 1h | 0.6077 | −0.148% | $425K | $2.6M | 3x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6078 | −0.131% | $20K | $422K | 20x | as long as short |
| Bybit PONSUSDT | +0.0100% | 4h | 0.6084 | −0.033% | $18.3M | $31.3M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.0100% | 4h | 0.6082 | −0.066% | $13.9M | $57.7M | 20x | as long as short |
| Variational Omni PONS | +0.0100% | 4h | 0.6076 | −0.170% | $1.4M | $4.2M | — | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6095 | +0.151% | $32K | $357K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6083 | −0.053% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.6079 | −0.122% | — | $1.4M | 10x | as long as short |
Injective PONS/USDC PERP
gTrade (Gains Network) PONS/USD
Lighter RH PONS
Popdex PONSUSDT
Bybit PONSUSDT
OKX PONS-USDT-SWAP
Variational Omni PONS
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX PONS-USD | +0.0100% | 1h | 0.6080 | −0.094% | $28K | $547K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6102 | +0.271% | $65K | $510K | 20x | as long as short |
| Phemex PONSUSDTlong | +0.0100% | 4h | 0.6086 | long leg | $1.7M | $3.3M | 20x | |
| KuCoin PONSUSDTM | +0.0122% | 4h | 0.6077 | −0.153% | $1.7M | $3.8M | 20x | as long as short |
| Aster PONSUSDT | +0.0143% | 4h | 0.6075 | −0.176% | $1.1M | $2.2M | 20x | as long as short |
| Aevo PONS-PERP | +0.0152% | 1h | 0.6080 | −0.100% | $379 | — | 3x | as long as short |
| Bitget PONSUSDT | +0.0160% | 4h | 0.6087 | +0.018% | $4.7M | $11.7M | 20x | as long as short |
| Nado PONS-PERP | +0.0198% | 1h | 0.6081 | −0.082% | $105K | $116K | 5x | as long as short |
| Extended PONS-USDshort | +0.0296% | 1h | 0.6084 | −0.031% | $252K | $682K | 5x | |
| Binance PONSUSDT | +0.0297% | 4h | 0.6085 | −0.012% | $39.9M | $98.3M | 20x | as long as short |
| MEXC PONS_USDT | +0.0298% | 4h | 0.6076 | −0.164% | $8.0M | $4.9M | 20x | as long as short |
| BingX PONS-USDT | +0.0304% | 4h | 0.6086 | 0.000% | — | $3.1M | — | as long as short |
| edgeX PONSUSDC | +0.0308% | 4h | 0.6090 | +0.064% | $21K | $293K | 10x | as long as short |
| Lighter PONS | +0.0328% | 1h | 0.6078 | −0.131% | $1.7M | $935K | 3x | as long as short |
| BloFin PONS-USDT | +0.0538% | 4h | 0.6089 | +0.049% | $1.8M | $1.0M | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.0643% | 1h | 0.6077 | −0.146% | $42K | $1.7M | 3x | as long as short |
| Hyperliquid PONS | +0.0835% | 1h | 0.6085 | −0.014% | $61.9M | $29.9M | 3x | as long as short |
| Pacifica PONS | +0.0899% | 1h | 0.6078 | −0.130% | $48K | $96K | 3x | as long as short |
| Phoenix PONS | +0.1307% | 1h | 0.6092 | +0.095% | $31K | $102K | 3x | as long as short |
| Gate PONS_USDT | +0.2240% | 4h | 0.6078 | −0.131% | $5.3M | $6.3M | 20x | as long as short |
SoDEX PONS-USD
HTX PONS-USDT
KuCoin PONSUSDTM
Aster PONSUSDT
Aevo PONS-PERP
Bitget PONSUSDT
Nado PONS-PERP
Binance PONSUSDT
MEXC PONS_USDT
BingX PONS-USDT
edgeX PONSUSDC
Lighter PONS
BloFin PONS-USDT
Polymarket Perps PONS-USD
Hyperliquid PONS
Pacifica PONS
Phoenix PONS
Gate PONS_USDT