Funding you earn now, next payment 21:00 UTC−0.1108%/8h= −121.3% APRpaid last 24h −0.301%
Price spread now: edgeX against Phoenix−0.442%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−1.554%−$155 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$33 a day on $10k at the current rate, and edgeX is 0.442% cheaper against Phoenix than usual: you would sell low and buy high (−$44 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix PONS | 0.5909 | 0.1275 | pay 0.0159% / 1h | 45m 42s | $27K | $86K | 3x |
| Short | edgeX PONSUSDC | 0.5883 | 0.0167 | get 0.0084% / 4h | 2h 45m | $21K | $294K | 10x |
Phoenix PONS
edgeX PONSUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- −$232.69
- Price spread: −0.442% → 0.000%
- −$44.17
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$292.85
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; edgeX: live order book, 42 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell edgeX live order book, 42 min ago | 11.84 bp | 20.7 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
Phoenix: 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 +0.0032% / S −0.0034% | 1h | 0.5813 | −1.639% | $213K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0066% | 1h | 0.5920 | +0.171% | $609 | $6K | 5.5x | as long as short |
| Lighter RH PONS | +0.0096% | 1h | 0.5810 | −1.685% | $391K | $2.6M | 3x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.5818 | −1.548% | $20K | $454K | 20x | as long as short |
| Bybit PONSUSDT | +0.0100% | 4h | 0.5798 | −1.887% | $17.5M | $31.8M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.0100% | 4h | 0.5801 | −1.836% | $13.3M | $55.1M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0100% | 4h | 0.5790 | −2.019% | $1.7M | $3.7M | 20x | as long as short |
| Bitget PONSUSDT | +0.0100% | 4h | 0.5806 | −1.750% | $4.5M | $11.6M | 20x | as long as short |
| Variational Omni PONS | +0.0100% | 4h | 0.5902 | −0.135% | $1.4M | $4.3M | — | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.5913 | +0.063% | $34K | $327K | 5x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Lighter RH PONS
Popdex PONSUSDT
Bybit PONSUSDT
OKX PONS-USDT-SWAP
KuCoin PONSUSDTM
Bitget PONSUSDT
Variational Omni PONS
ApeX Omni PONSUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.5829 | −1.357% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.5815 | −1.594% | — | $1.4M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.5813 | −1.626% | $26K | $546K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.5829 | −1.367% | $63K | $504K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.5819 | −1.531% | $1.6M | $3.3M | 20x | as long as short |
| Aevo PONS-PERP | +0.0120% | 1h | 0.5826 | −1.408% | $363 | — | 3x | as long as short |
| Binance PONSUSDT | +0.0135% | 4h | 0.5798 | −1.887% | $37.7M | $98.2M | 20x | as long as short |
| MEXC PONS_USDT | +0.0150% | 4h | 0.5805 | −1.768% | $7.5M | $5.2M | 20x | as long as short |
| Extended PONS-USD | +0.0152% | 1h | 0.5801 | −1.834% | $104K | $532K | 5x | as long as short |
| edgeX PONSUSDCshort | +0.0167% | 4h | 0.5883 | −0.442% | $21K | $294K | 10x | |
| BingX PONS-USDT | +0.0170% | 4h | 0.5804 | −1.785% | — | $3.1M | — | as long as short |
| Aster PONSUSDT | +0.0172% | 4h | 0.5800 | −1.859% | $1.1M | $2.2M | 20x | as long as short |
| Nado PONS-PERP | +0.0200% | 1h | 0.5816 | −1.580% | $88K | $103K | 5x | as long as short |
| Polymarket Perps PONS-USD | +0.0286% | 1h | 0.5814 | −1.625% | $38K | $1.8M | 3x | as long as short |
| Gate PONS_USDT | +0.0318% | 4h | 0.5818 | −1.548% | $5.1M | $6.8M | 20x | as long as short |
| BloFin PONS-USDT | +0.0396% | 4h | 0.5878 | −0.533% | $1.7M | $962K | 20x | as long as short |
| Pacifica PONS | +0.0474% | 1h | 0.5797 | −1.911% | $46K | $102K | 3x | as long as short |
| Hyperliquid PONS | +0.0539% | 1h | 0.5805 | −1.762% | $58.0M | $29.9M | 3x | as long as short |
| Lighter PONS | +0.0672% | 1h | 0.5808 | −1.719% | $1.7M | $880K | 3x | as long as short |
| Phoenix PONSlong | +0.1275% | 1h | 0.5909 | long leg | $27K | $86K | 3x |
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDT
Aevo PONS-PERP
Binance PONSUSDT
MEXC PONS_USDT
Extended PONS-USD
BingX PONS-USDT
Aster PONSUSDT
Nado PONS-PERP
Polymarket Perps PONS-USD
Gate PONS_USDT
BloFin PONS-USDT
Pacifica PONS
Hyperliquid PONS
Lighter PONS