PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0143%/8h= −15.7% APRnext payment −$0.18 per $10,000 · paid last 24h −0.019%

Price spread now: Injective against Popdex−2.075%7-day average — · you buy dearer than you sell

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

Long on Popdex Short on Injective

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

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Injective is 2.075% cheaper against Popdex than usual: you would sell low and buy high (−$208 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	Popdex PONSUSDT	0.6096	0.0096	pay 0.0012% / 1h	2m 45s	$20K	$418K	20x
Short	Injective PONS/USDC PERP	0.5969	−0.0047	pay 0.0006% / 1h	2m 45s	$614	$10K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −2.075%Rate

Funding earned: −$30.06
Price spread: −2.075% → 0.000%: −$207.51
Slippage, 4 orders: no order book: not counted
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$243.99
Costs to cover: 0.064%
Break-even: never at this rate

Slippage unknown: Popdex: live order book, 11 min ago; Injective: no order-book sample. 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 Popdex live order book, 11 min ago	3.69 bp	64.7 bp −$65	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
Injective PONS/USDC PERPshort	−0.0047%	1h	0.5969	−2.075%	$614	$10K	5.5x
gTrade (Gains Network) PONS/USD	L +0.0033% / S −0.0033%	1h	0.6085	−0.181%	$241K	—	150x	as long as short
Lighter RH PONS	+0.0096%	1h	0.6091	−0.084%	$426K	$2.6M	3x	as long as short
Popdex PONSUSDTlong	+0.0096%	1h	0.6096	long leg	$20K	$418K	20x
Bybit PONSUSDT	+0.0100%	4h	0.6088	−0.131%	$18.3M	$31.3M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.6086	−0.164%	$13.9M	$57.6M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6076	−0.333%	$1.4M	$4.2M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6100	+0.062%	$33K	$357K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6098	+0.038%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6087	−0.144%	—	$1.4M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX PONS-USD	+0.0100%	1h	0.6094	−0.036%	$28K	$547K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6105	+0.143%	$65K	$510K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6096	0.000%	$1.7M	$3.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0130%	4h	0.6088	−0.128%	$1.8M	$3.8M	20x	as long as short
Aevo PONS-PERP	+0.0152%	1h	0.6097	+0.016%	$380	—	3x	as long as short
Aster PONSUSDT	+0.0153%	4h	0.6091	−0.075%	$1.1M	$2.2M	20x	as long as short
Bitget PONSUSDT	+0.0168%	4h	0.6091	−0.079%	$4.7M	$11.7M	20x	as long as short
Nado PONS-PERP	+0.0211%	1h	0.6089	−0.119%	$105K	$116K	5x	as long as short
Extended PONS-USD	+0.0296%	1h	0.6092	−0.068%	$252K	$681K	5x	as long as short
MEXC PONS_USDT	+0.0296%	4h	0.6091	−0.082%	$8.0M	$4.9M	20x	as long as short
Binance PONSUSDT	+0.0298%	4h	0.6089	−0.116%	$39.9M	$98.2M	20x	as long as short
BingX PONS-USDT	+0.0304%	4h	0.6090	−0.098%	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0316%	4h	0.6086	−0.163%	$21K	$293K	10x	as long as short
Lighter PONS	+0.0336%	1h	0.6091	−0.084%	$1.7M	$935K	3x	as long as short
BloFin PONS-USDT	+0.0537%	4h	0.6096	0.000%	$1.8M	$1.0M	20x	as long as short
Polymarket Perps PONS-USD	+0.0652%	1h	0.6096	+0.005%	$42K	$1.7M	3x	as long as short
Hyperliquid PONS	+0.0834%	1h	0.6093	−0.048%	$62.0M	$29.9M	3x	as long as short
Pacifica PONS	+0.0899%	1h	0.6090	−0.101%	$48K	$96K	3x	as long as short
Phoenix PONS	+0.1307%	1h	0.6085	−0.180%	$31K	$102K	3x	as long as short
Gate PONS_USDT	+0.2160%	4h	0.6086	−0.164%	$5.3M	$6.4M	20x	as long as short