PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.1298%/8h= −142.1% APRnext payment −$1.62 per $10,000 · paid last 24h −0.399%

Price spread now: SoDEX against Phoenix+0.025%70s7-day average — · you sell dearer than you buy

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

Long on Phoenix Short on SoDEX

What this pair did over the last

the charts below follow

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

The price spread pays, funding is against you. SoDEX is 0.025% dearer against Phoenix than usual: you sell high and buy low (spread +0.025% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$39 a day in funding at the current rate, which eats that in about 2 hours. The two prices were read 70 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix PONS	0.5981	0.1398	pay 0.0175% / 1h	9m 43s	$30K	$96K	3x
Short	SoDEX PONS-USD	0.5982	0.0100	get 0.0013% / 1h	9m 43s	$27K	$545K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Phoenix. 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 PhoenixbpFee SoDEXbpOrdersPrice spread, now +0.025%Rate

Funding earned: −$272.61
Price spread: +0.025% → 0.000%: $2.51
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$285.1
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; SoDEX: live order book, 9 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 SoDEX live order book, 9 min ago	1.67 bp	59.1 bp −$59	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 +0.0033% / S −0.0036%	1h	0.5973	−0.128%	$224K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.192%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5988	+0.117%	$21K	$439K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5989	+0.134%	$17.9M	$31.5M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5988	+0.117%	$13.5M	$56.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5986	+0.090%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5993	+0.194%	$4.7M	$11.6M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5976	−0.080%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5991	+0.176%	$35K	$352K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5990	+0.144%	$3K	$3K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX PONS-USDT	+0.0100%	4h	0.5983	+0.027%	—	$1.4M	10x	as long as short
SoDEX PONS-USDshort	+0.0100%	1h	0.5982	+0.025%	$27K	$545K	3x
HTX PONS-USDT	+0.0100%	4h	0.6002	+0.356%	$64K	$506K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5979	−0.033%	$1.7M	$3.3M	20x	as long as short
Aster PONSUSDT	+0.0121%	4h	0.5981	+0.004%	$1.1M	$2.2M	20x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.5983	+0.041%	$373	—	3x	as long as short
Extended PONS-USD	+0.0176%	1h	0.5986	+0.075%	$248K	$667K	5x	as long as short
MEXC PONS_USDT	+0.0176%	4h	0.5991	+0.167%	$7.8M	$4.9M	20x	as long as short
Binance PONSUSDT	+0.0179%	4h	0.5991	+0.172%	$39.0M	$97.8M	20x	as long as short
edgeX PONSUSDC	+0.0180%	4h	0.5985	+0.065%	$21K	$292K	10x	as long as short
BingX PONS-USDT	+0.0182%	4h	0.5985	+0.067%	—	$3.1M	—	as long as short
Nado PONS-PERP	+0.0209%	1h	0.5989	+0.141%	$91K	$103K	5x	as long as short
Lighter RH PONS	+0.0256%	1h	0.5987	+0.100%	$423K	$2.7M	3x	as long as short
BloFin PONS-USDT	+0.0421%	4h	0.5979	−0.033%	$1.7M	$978K	20x	as long as short
Pacifica PONS	+0.0451%	1h	0.5989	+0.138%	$47K	$96K	3x	as long as short
Polymarket Perps PONS-USD	+0.0481%	1h	0.5986	+0.084%	$37K	$1.7M	3x	as long as short
Lighter PONS	+0.0616%	1h	0.5988	+0.115%	$1.7M	$1.0M	3x	as long as short
Hyperliquid PONS	+0.0680%	1h	0.5987	+0.105%	$60.6M	$30.1M	3x	as long as short
Phoenix PONSlong	+0.1398%	1h	0.5981	long leg	$30K	$96K	3x
Gate PONS_USDT	+0.1496%	4h	0.5984	+0.050%	$5.2M	$6.5M	20x	as long as short