Funding you earn now, next payment 09:00 UTC−0.1696%/8h= −185.7% APRnext payment −$2.12 per $10,000 · paid last 24h −0.418%
Price spread now: ApeX Omni against Phoenix+0.065%7-day average +0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs−$360as in the Funding arb table
Net, price: spread back to 7d avg − costs−$124as in the Price arb table
costs, in and out, $10k−$1221.222% of the position
Funding, last 7 days−2.383%−$238 on $10k
+Price spread, last 5 days (all we have)+0.003%$0 · spread now +0.065%, 7d avg +0.080%
=The price spread sits at its 7-day average of +0.080%, so right now this pair is about funding alone: −$51 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix PONS | 0.6750 | 0.1796 | pay 0.0224% / 1h | 10m 31s | $79K | $174K | 3x |
| Short | ApeX Omni PONSUSDT | 0.6754 | 0.0100 | get 0.0013% / 1h | 10m 31s | $33K | $312K | 5x |
Phoenix PONS
ApeX Omni PONSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Phoenix. 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
- −$356.1
- Price spread: +0.065% → +0.080%
- −$1.46
- Slippage, 4 orders
- −$105.16
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$479.72
- Costs to cover
- 1.222%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 45 min ago; ApeX Omni: live order book, 50 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 Phoenix live order book, 45 min ago | 4.13 bp | 19.6 bp −$20 | 63.1 bp −$631 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 50 min ago | 33.24 bp | 41.7 bp −$42 | 134.4 bp −$1,344 | doesn't fit | doesn't fit |
PONS on 30 exchanges
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 +0.0029% / S −0.0029% | 1h | 0.6742 | −0.113% | $239K | — | 150x | as long as short |
| Lighter RH PONS | +0.0096% | 1h | 0.6764 | +0.216% | $415K | $4.0M | 3x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6779 | +0.437% | $21K | $537K | 20x | as long as short |
| ApeX Omni PONSUSDTshort | +0.0100% | 1h | 0.6754 | +0.065% | $33K | $312K | 5x | |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6755 | +0.083% | $2K | $10K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.6753 | +0.047% | — | $449K | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.6748 | −0.016% | $29K | $774K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6763 | +0.193% | $68K | $714K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.6744 | −0.081% | $1.7M | $3.2M | 20x | as long as short |
| Bitget PONSUSDT | +0.0128% | 4h | 0.6776 | +0.388% | $4.9M | $16.5M | 20x | as long as short |
gTrade (Gains Network) PONS/USD
Lighter RH PONS
Popdex PONSUSDT
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDT
Bitget PONSUSDTShow all 30 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter PONS | +0.0200% | 1h | 0.6766 | +0.249% | $1.8M | $3.4M | 3x | as long as short |
| Aevo PONS-PERP | +0.0200% | 1h | 0.6748 | −0.018% | $1K | $2K | 3x | as long as short |
| KuCoin PONSUSDTM | +0.0216% | 4h | 0.6771 | +0.313% | $1.4M | $5.4M | 20x | as long as short |
| Aster PONSUSDT | +0.0221% | 4h | 0.6761 | +0.167% | $1.1M | $3.4M | 20x | as long as short |
| MEXC PONS_USDT | +0.0478% | 4h | 0.6770 | +0.304% | $9.4M | $6.0M | 20x | as long as short |
| Extended PONS-USD | +0.0480% | 1h | 0.6771 | +0.323% | $81K | $751K | 5x | as long as short |
| Nado PONS-PERP | +0.0482% | 1h | 0.6747 | −0.036% | $134K | $79K | 5x | as long as short |
| Binance PONSUSDT | +0.0485% | 4h | 0.6771 | +0.319% | $41.3M | $122.8M | 20x | as long as short |
| edgeX PONSUSDC | +0.0496% | 4h | 0.6752 | +0.043% | $26K | $413K | 10x | as long as short |
| Variational Omni PONS | +0.0561% | 4h | 0.6744 | −0.076% | $2.4M | $3.9M | — | as long as short |
| Pacifica PONS | +0.0612% | 1h | 0.6769 | +0.288% | $46K | $104K | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.0637% | 4h | 0.6771 | +0.319% | $14.0M | $83.1M | 20x | as long as short |
| BingX PONS-USDT | +0.0650% | 4h | 0.6773 | +0.348% | — | $2.9M | — | as long as short |
| Hyperliquid PONS | +0.0682% | 1h | 0.6769 | +0.284% | $72.5M | $53.2M | 3x | as long as short |
| Bybit PONSUSDT | +0.0710% | 4h | 0.6769 | +0.289% | $19.8M | $46.1M | 20x | as long as short |
| BloFin PONS-USDT | +0.0726% | 4h | 0.6750 | +0.007% | $1.9M | $2.0M | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.0745% | 1h | 0.6753 | +0.058% | $46K | $3.9M | 3x | as long as short |
| Gate PONS_USDT | +0.1112% | 4h | 0.6754 | +0.067% | $5.7M | $8.3M | 20x | as long as short |
| Phoenix PONSlong | +0.1796% | 1h | 0.6750 | long leg | $79K | $174K | 3x | |
| Injective PONS/USDC PERP | +0.2670% | 1h | 0.6681 | −1.012% | $2K | $15K | 5.5x | as long as short |
Lighter PONS
Aevo PONS-PERP
KuCoin PONSUSDTM
Aster PONSUSDT
MEXC PONS_USDT
Extended PONS-USD
Nado PONS-PERP
Binance PONSUSDT
edgeX PONSUSDC
Variational Omni PONS
Pacifica PONS
OKX PONS-USDT-SWAP
BingX PONS-USDT
Hyperliquid PONS
Bybit PONSUSDT
BloFin PONS-USDT
Polymarket Perps PONS-USD
Gate PONS_USDT
Injective PONS/USDC PERP