PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: SoDEX against Popdex+0.067%7-day average −0.011% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$325as in the Price arb table

costs, in and out, $10k−$3333.331% of the position

Long on Popdex Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.183%+$18 · spread now +0.067%, 7d avg −0.011%

Together, before fees+0.187%+$19 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.078% dearer against Popdex than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex PONSUSDT	0.5928	0.0096	pay 0.0012% / 1h	43m 28s	$20K	$434K	20x
Short	SoDEX PONS-USD	0.5932	0.0100	get 0.0013% / 1h	43m 28s	$26K	$524K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.067%Rate

Funding earned: $0.84
Price spread: +0.067% → −0.011%: $7.82
Slippage, 4 orders: −$318.65
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$324.39
Costs to cover: 3.331%
Break-even: 2710.3 days

Slippage from Popdex: live order book, 15 min ago; SoDEX: live order book, 15 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, 15 min ago	8.41 bp	109.9 bp −$110	doesn't fit	doesn't fit	doesn't fit
Sell SoDEX live order book, 15 min ago	1.01 bp	71.7 bp −$72	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 +0.0033% / S −0.0032%	1h	0.5920	−0.133%	$235K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+0.700%	$614	$10K	5.5x	as long as short
Lighter PONS	+0.0096%	1h	0.5931	+0.057%	$1.6M	$883K	3x	as long as short
Popdex PONSUSDTlong	+0.0096%	1h	0.5928	long leg	$20K	$434K	20x
Gate PONS_USDT	+0.0100%	4h	0.5930	+0.034%	$5.2M	$6.2M	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5914	−0.245%	$34K	$351K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5933	+0.078%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5919	−0.147%	—	$1.3M	10x	as long as short
SoDEX PONS-USDshort	+0.0100%	1h	0.5932	+0.067%	$26K	$524K	3x
HTX PONS-USDT	+0.0100%	4h	0.5939	+0.179%	$64K	$512K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex PONSUSDT	+0.0100%	4h	0.5931	+0.051%	$1.6M	$3.2M	20x	as long as short
Lighter RH PONS	+0.0144%	1h	0.5931	+0.052%	$406K	$2.5M	3x	as long as short
Nado PONS-PERP	+0.0188%	1h	0.5934	+0.098%	$69K	$129K	5x	as long as short
Variational Omni PONS	+0.0196%	4h	0.5907	−0.356%	$1.4M	$3.9M	—	as long as short
Aevo PONS-PERP	+0.0208%	1h	0.5929	+0.019%	$369	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0313%	4h	0.5926	−0.034%	$13.5M	$54.1M	20x	as long as short
Aster PONSUSDT	+0.0373%	4h	0.5925	−0.051%	$1.1M	$2.1M	20x	as long as short
Bitget PONSUSDT	+0.0438%	4h	0.5931	+0.051%	$4.6M	$11.5M	20x	as long as short
Bybit PONSUSDT	+0.0451%	4h	0.5926	−0.034%	$17.7M	$30.7M	20x	as long as short
BingX PONS-USDT	+0.0498%	4h	0.5933	+0.084%	—	$3.0M	—	as long as short
Extended PONS-USD	+0.0520%	1h	0.5933	+0.092%	$106K	$808K	5x	as long as short
MEXC PONS_USDT	+0.0522%	4h	0.5932	+0.067%	$7.5M	$4.7M	20x	as long as short
Binance PONSUSDT	+0.0523%	4h	0.5931	+0.051%	$39.0M	$94.8M	20x	as long as short
edgeX PONSUSDC	+0.0527%	4h	0.5904	−0.398%	$18K	$294K	10x	as long as short
KuCoin PONSUSDTM	+0.0572%	4h	0.5930	+0.037%	$1.6M	$3.7M	20x	as long as short
Hyperliquid PONS	+0.0719%	1h	0.5929	+0.011%	$60.3M	$27.8M	3x	as long as short
BloFin PONS-USDT	+0.0763%	4h	0.5917	−0.186%	$1.7M	$948K	20x	as long as short
Pacifica PONS	+0.0859%	1h	0.5933	+0.088%	$47K	$67K	3x	as long as short
Polymarket Perps PONS-USD	+0.0906%	1h	0.5928	−0.003%	$65K	$1.6M	3x	as long as short
Phoenix PONS	+0.1736%	1h	0.5911	−0.290%	$31K	$104K	3x	as long as short