Funding you earn now, next payment 00:00 UTC−0.0147%/8h= −16.1% APRnext payment −$0.18 per $10,000 · paid last 24h −0.020%
Price spread now: Injective against SoDEX−1.774%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 1.774% cheaper against SoDEX than usual: you would sell low and buy high (−$177 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 | SoDEX PONS-USD | 0.6077 | 0.0100 | pay 0.0013% / 1h | 0m 39s | $28K | $550K | 3x |
| Short | Injective PONS/USDC PERP | 0.5969 | −0.0047 | pay 0.0006% / 1h | 0m 39s | $614 | $10K | 5.5x |
SoDEX PONS-USD
Injective PONS/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against SoDEX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$30.9
- Price spread: −1.774% → 0.000%
- −$177.38
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$216.3
- Costs to cover
- 0.080%
- Break-even
- never at this rate
Slippage unknown: SoDEX: live order book, 13 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 SoDEX live order book, 13 min ago | 0.82 bp | 63.9 bp −$64 | 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 | −1.774% | $614 | $10K | 5.5x | |
| gTrade (Gains Network) PONS/USD | L +0.0033% / S −0.0033% | 1h | 0.6069 | −0.137% | $240K | — | 150x | as long as short |
| Lighter RH PONS | +0.0096% | 1h | 0.6075 | −0.038% | $425K | $2.6M | 3x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6071 | −0.104% | $20K | $419K | 20x | as long as short |
| Bybit PONSUSDT | +0.0100% | 4h | 0.6067 | −0.169% | $18.2M | $31.3M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.0100% | 4h | 0.6069 | −0.137% | $13.8M | $57.5M | 20x | as long as short |
| Variational Omni PONS | +0.0100% | 4h | 0.6074 | −0.051% | $1.4M | $4.2M | — | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6100 | +0.377% | $33K | $357K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6084 | +0.117% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.6082 | +0.076% | — | $1.4M | 10x | as long as short |
gTrade (Gains Network) PONS/USD
Lighter RH PONS
Popdex PONSUSDT
Bybit PONSUSDT
OKX PONS-USDT-SWAP
Variational Omni PONS
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX PONS-USDlong | +0.0100% | 1h | 0.6077 | long leg | $28K | $550K | 3x | |
| HTX PONS-USDT | +0.0100% | 4h | 0.6086 | +0.148% | $65K | $510K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.6084 | +0.110% | $1.7M | $3.3M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0134% | 4h | 0.6069 | −0.143% | $1.7M | $3.8M | 20x | as long as short |
| Aevo PONS-PERP | +0.0152% | 1h | 0.6081 | +0.061% | $379 | — | 3x | as long as short |
| Aster PONSUSDT | +0.0158% | 4h | 0.6074 | −0.048% | $1.1M | $2.2M | 20x | as long as short |
| Bitget PONSUSDT | +0.0176% | 4h | 0.6075 | −0.043% | $4.7M | $11.7M | 20x | as long as short |
| Nado PONS-PERP | +0.0221% | 1h | 0.6075 | −0.042% | $105K | $116K | 5x | as long as short |
| BingX PONS-USDT | +0.0297% | 4h | 0.6073 | −0.071% | — | $3.1M | — | as long as short |
| MEXC PONS_USDT | +0.0300% | 4h | 0.6075 | −0.038% | $7.9M | $4.9M | 20x | as long as short |
| Binance PONSUSDT | +0.0302% | 4h | 0.6072 | −0.087% | $39.8M | $98.1M | 20x | as long as short |
| Extended PONS-USD | +0.0304% | 1h | 0.6072 | −0.090% | $252K | $681K | 5x | as long as short |
| edgeX PONSUSDC | +0.0312% | 4h | 0.6092 | +0.243% | $21K | $294K | 10x | as long as short |
| Lighter PONS | +0.0352% | 1h | 0.6076 | −0.021% | $1.7M | $935K | 3x | as long as short |
| BloFin PONS-USDT | +0.0542% | 4h | 0.6077 | −0.005% | $1.8M | $1.0M | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.0656% | 1h | 0.6077 | −0.005% | $41K | $1.7M | 3x | as long as short |
| Hyperliquid PONS | +0.0832% | 1h | 0.6077 | −0.007% | $61.9M | $29.9M | 3x | as long as short |
| Pacifica PONS | +0.0899% | 1h | 0.6074 | −0.055% | $48K | $96K | 3x | as long as short |
| Phoenix PONS | +0.1307% | 1h | 0.6085 | +0.127% | $31K | $102K | 3x | as long as short |
| Gate PONS_USDT | +0.2064% | 4h | 0.6077 | −0.005% | $5.3M | $6.4M | 20x | as long as short |
HTX PONS-USDT
Phemex PONSUSDT
KuCoin PONSUSDTM
Aevo PONS-PERP
Aster PONSUSDT
Bitget PONSUSDT
Nado PONS-PERP
BingX PONS-USDT
MEXC PONS_USDT
Binance PONSUSDT
Extended PONS-USD
edgeX PONSUSDC
Lighter PONS
BloFin PONS-USDT
Polymarket Perps PONS-USD
Hyperliquid PONS
Pacifica PONS
Phoenix PONS
Gate PONS_USDT