PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0504%/8h= +55.2% APRnext payment +$0.63 per $10,000 · paid last 24h +0.102%

Price spread now: Extended against Popdex−0.089%54s7-day average −0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2552.546% of the position

Long on Popdex Short on Extended

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.355%+$36 on $10k

Price spread, last 4 days (all we have)+0.094%+$9 · spread now −0.089%, 7d avg −0.032%

Together, before fees+0.449%+ Points / potential airdropExtended: Active · farm board+$45 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.057% cheaper against Popdex than usual: you would sell low and buy high (spread −0.089% now, against its 7-day average of −0.032%). If the spread goes back, that is −$6 on $10k: about 9 hours of funding at the current rate (+$15 a day). The two prices were read 54 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	Popdex PONSUSDT	0.6158	0.0096	pay 0.0012% / 1h	1m 34s	$23K	$456K	20x
Short	Extended PONS-USD	0.6153	0.0600	get 0.0075% / 1h	1m 34s	$103K	$827K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Popdex. 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 PopdexbpFee ExtendedbpOrdersPrice spread, now −0.089%Rate

Funding earned: $105.84
Price spread: −0.089% → −0.032%: −$5.68
Slippage, 4 orders: −$243.2
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$154.44
Costs to cover: 2.546%
Break-even: 17.2 days

Slippage from Popdex: live order book, 37 min ago; Extended: live order book, 36 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 Popdex live order book, 37 min ago	5.37 bp	93.4 bp −$93	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 36 min ago	10.96 bp	26.3 bp −$26	219.6 bp −$2,196	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
gTrade (Gains Network) PONS/USD	L +0.0032% / S −0.0030%	1h	0.6151	−0.109%	$240K	—	150x	as long as short
Popdex PONSUSDTlong	+0.0096%	1h	0.6158	long leg	$23K	$456K	20x
Nado PONS-PERP	+0.0100%	1h	0.6157	−0.016%	$72K	$130K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6158	0.000%	$30K	$299K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6165	+0.110%	$2K	$4K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6154	−0.070%	—	$1.2M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6158	−0.008%	$26K	$638K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6170	+0.190%	$66K	$535K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6164	+0.097%	$1.7M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0232%	1h	0.6159	+0.024%	$384	—	3x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate PONS_USDT	+0.0354%	4h	0.6150	−0.130%	$5.5M	$6.6M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0396%	4h	0.6152	−0.097%	$13.9M	$60.6M	20x	as long as short
Lighter RH PONS	+0.0432%	1h	0.6159	+0.016%	$427K	$2.7M	3x	as long as short
Aster PONSUSDT	+0.0439%	4h	0.6159	+0.015%	$1.1M	$2.3M	20x	as long as short
Lighter PONS	+0.0480%	1h	0.6159	+0.016%	$1.7M	$859K	3x	as long as short
KuCoin PONSUSDTM	+0.0486%	4h	0.6153	−0.081%	$1.6M	$4.1M	20x	as long as short
Variational Omni PONS	+0.0488%	4h	0.6153	−0.078%	$1.5M	$4.2M	—	as long as short
Hyperliquid PONS	+0.0499%	1h	0.6149	−0.151%	$62.8M	$30.5M	3x	as long as short
Pacifica PONS	+0.0572%	1h	0.6151	−0.115%	$46K	$77K	3x	as long as short
MEXC PONS_USDT	+0.0596%	4h	0.6157	−0.016%	$7.8M	$4.8M	20x	as long as short
Binance PONSUSDT	+0.0596%	4h	0.6154	−0.065%	$40.0M	$105.2M	20x	as long as short
Extended PONS-USDshort	+0.0600%	1h	0.6153	−0.089%	$103K	$827K	5x
edgeX PONSUSDC	+0.0605%	4h	0.6157	−0.013%	$20K	$291K	10x	as long as short
BingX PONS-USDT	+0.0654%	4h	0.6155	−0.049%	—	$3.2M	—	as long as short
Bybit PONSUSDT	+0.0671%	4h	0.6152	−0.097%	$18.4M	$33.1M	20x	as long as short
Bitget PONSUSDT	+0.0682%	4h	0.6156	−0.029%	$4.9M	$13.0M	20x	as long as short
BloFin PONS-USDT	+0.0829%	4h	0.6172	+0.227%	$1.7M	$1.1M	20x	as long as short
Polymarket Perps PONS-USD	+0.0985%	1h	0.6157	−0.011%	$72K	$2.3M	3x	as long as short
Injective PONS/USDC PERP	+0.1069%	1h	0.5938	−3.564%	$610	$10K	5.5x	as long as short
Phoenix PONS	+0.1405%	1h	0.6148	−0.162%	$47K	$127K	3x	as long as short