PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0391%/8h= +42.8% APRnext payment +$0.49 per $10,000 · paid last 24h +0.185%

Price spread now: Hyperliquid against Popdex−0.059%7-day average −0.003% · 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−$234as in the Price arb table

costs, in and out, $10k−$2282.283% of the position

Long on Popdex Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.323%+$32 on $10k

Price spread, last 4 days (all we have)−0.013%−$1 · spread now −0.059%, 7d avg −0.003%

Together, before fees+0.310%+ Points / potential airdropHyperliquid: Season 2 · farm board+$31 on $10k · with fees, hour by hour

Funding pays, the price is against you. Hyperliquid is 0.057% cheaper against Popdex than usual: you would sell low and buy high (spread −0.059% now, against its 7-day average of −0.003%). If the spread goes back, that is −$6 on $10k: about 12 hours of funding at the current rate (+$12 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex PONSUSDT	0.5887	0.0096	pay 0.0012% / 1h	12m 52s	$21K	$443K	20x
Short	Hyperliquid PONS	0.5884	0.0487	get 0.0061% / 1h	12m 52s	$59.0M	$30.1M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now −0.059%Rate

Funding earned: $82.07
Price spread: −0.059% → −0.003%: −$5.67
Slippage, 4 orders: −$212.9
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$151.91
Costs to cover: 2.283%
Break-even: 20.0 days

Slippage from Popdex: live order book, 11 min ago; Hyperliquid: live order book, 11 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, 11 min ago	2.80 bp	97.9 bp −$98	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 11 min ago	0.09 bp	14.0 bp −$14	doesn't fit	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 −0.0034%	1h	0.5879	−0.127%	$216K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0066%	1h	0.5920	+0.554%	$609	$6K	5.5x	as long as short
Popdex PONSUSDTlong	+0.0096%	1h	0.5887	long leg	$21K	$443K	20x
Bybit PONSUSDT	+0.0100%	4h	0.5876	−0.187%	$17.6M	$31.8M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5877	−0.170%	$13.4M	$55.9M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5879	−0.143%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5880	−0.119%	$4.6M	$11.7M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5905	+0.310%	$1.3M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5909	+0.375%	$34K	$336K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5884	−0.051%	$2K	$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	0.5900	+0.226%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5879	−0.141%	$27K	$549K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5899	+0.199%	$63K	$505K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5875	−0.204%	$1.6M	$3.3M	20x	as long as short
Nado PONS-PERP	+0.0103%	1h	0.5892	+0.085%	$89K	$103K	5x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.5883	−0.065%	$367	—	3x	as long as short
BingX PONS-USDT	+0.0178%	4h	0.5875	−0.204%	—	$3.1M	—	as long as short
Aster PONSUSDT	+0.0180%	4h	0.5879	−0.135%	$1.1M	$2.2M	20x	as long as short
MEXC PONS_USDT	+0.0180%	4h	0.5876	−0.187%	$7.5M	$5.2M	20x	as long as short
Binance PONSUSDT	+0.0182%	4h	0.5876	−0.182%	$38.2M	$98.3M	20x	as long as short
Extended PONS-USD	+0.0184%	1h	0.5878	−0.160%	$106K	$533K	5x	as long as short
edgeX PONSUSDC	+0.0194%	4h	0.5909	+0.367%	$21K	$294K	10x	as long as short
Polymarket Perps PONS-USD	+0.0364%	1h	0.5886	−0.012%	$37K	$1.8M	3x	as long as short
BloFin PONS-USDT	+0.0422%	4h	0.5890	+0.051%	$1.7M	$964K	20x	as long as short
Pacifica PONS	+0.0474%	1h	0.5893	+0.106%	$47K	$103K	3x	as long as short
Hyperliquid PONSshort	+0.0487%	1h	0.5884	−0.059%	$59.0M	$30.1M	3x
Lighter RH PONS	+0.0560%	1h	0.5880	−0.117%	$413K	$2.6M	3x	as long as short
Gate PONS_USDT	+0.0784%	4h	0.5877	−0.170%	$5.1M	$6.8M	20x	as long as short
Lighter PONS	+0.1008%	1h	0.5884	−0.058%	$1.7M	$889K	3x	as long as short
Phoenix PONS	+0.1275%	1h	0.5911	+0.401%	$30K	$86K	3x	as long as short