Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h −0.001%
Price spread now: Popdex against SoDEX−0.094%7-day average +0.010% · 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−$347as in the Price arb table
costs, in and out, $10k−$3363.363% of the position
Funding, last 3 days (all we have)−0.004%$0 on $10k
+Price spread, last 4 days (all we have)−0.127%−$13 · spread now −0.094%, 7d avg +0.010%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Popdex is 0.105% cheaper against SoDEX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.010%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX PONS-USD | 0.5933 | 0.0100 | pay 0.0013% / 1h | 54m 53s | $26K | $545K | 3x |
| Short | Popdex PONSUSDT | 0.5927 | 0.0096 | get 0.0012% / 1h | 54m 53s | $21K | $417K | 20x |
SoDEX PONS-USD
Popdex PONSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex 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
- −$0.84
- Price spread: −0.094% → +0.010%
- −$10.46
- Slippage, 4 orders
- −$321.9
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$347.6
- Costs to cover
- 3.363%
- Break-even
- never at this rate
Slippage from SoDEX: live order book, 59 min ago; Popdex: live order book, 59 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 SoDEX live order book, 59 min ago | 0.99 bp | 68.2 bp −$68 | doesn't fit | doesn't fit | doesn't fit |
| Sell Popdex live order book, 59 min ago | 6.36 bp | 121.8 bp −$122 | 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 | −0.220% | $235K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | +0.622% | $614 | $10K | 5.5x | as long as short |
| Lighter RH PONS | +0.0096% | 1h | 0.5931 | −0.024% | $418K | $2.5M | 3x | as long as short |
| Popdex PONSUSDTshort | +0.0096% | 1h | 0.5927 | −0.094% | $21K | $417K | 20x | |
| Nado PONS-PERP | +0.0100% | 1h | 0.5929 | −0.061% | $69K | $130K | 5x | as long as short |
| Gate PONS_USDT | +0.0100% | 4h | 0.5924 | −0.145% | $5.2M | $6.2M | 20x | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.5942 | +0.167% | $34K | $335K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.5938 | +0.098% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.5932 | −0.015% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USDlong | +0.0100% | 1h | 0.5933 | long leg | $26K | $545K | 3x |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Lighter RH PONS
Nado PONS-PERP
Gate PONS_USDT
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 | |
|---|---|---|---|---|---|---|---|---|
| HTX PONS-USDT | +0.0100% | 4h | 0.5940 | +0.126% | $64K | $513K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.5932 | −0.010% | $1.6M | $3.2M | 20x | as long as short |
| Aevo PONS-PERP | +0.0240% | 1h | 0.5934 | +0.024% | $370 | — | 3x | as long as short |
| Hyperliquid PONS | +0.0352% | 1h | 0.5932 | −0.017% | $60.1M | $29.0M | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.0390% | 4h | 0.5928 | −0.078% | $13.5M | $54.8M | 20x | as long as short |
| Lighter PONS | +0.0424% | 1h | 0.5933 | +0.010% | $1.6M | $886K | 3x | as long as short |
| Aster PONSUSDT | +0.0515% | 4h | 0.5931 | −0.034% | $1.1M | $2.2M | 20x | as long as short |
| Variational Omni PONS | +0.0518% | 4h | 0.5941 | +0.149% | $1.4M | $4.1M | — | as long as short |
| Bitget PONSUSDT | +0.0550% | 4h | 0.5929 | −0.067% | $4.6M | $11.8M | 20x | as long as short |
| edgeX PONSUSDC | +0.0614% | 4h | 0.5937 | +0.070% | $18K | $292K | 10x | as long as short |
| MEXC PONS_USDT | +0.0620% | 4h | 0.5932 | −0.010% | $7.6M | $4.7M | 20x | as long as short |
| Binance PONSUSDT | +0.0624% | 4h | 0.5930 | −0.044% | $38.8M | $94.8M | 20x | as long as short |
| Extended PONS-USD | +0.0624% | 1h | 0.5930 | −0.044% | $106K | $807K | 5x | as long as short |
| Pacifica PONS | +0.0715% | 1h | 0.5934 | +0.018% | $46K | $68K | 3x | as long as short |
| BingX PONS-USDT | +0.0738% | 4h | 0.5929 | −0.061% | — | $3.0M | — | as long as short |
| KuCoin PONSUSDTM | +0.0746% | 4h | 0.5937 | +0.066% | $1.6M | $3.8M | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.0793% | 1h | 0.5929 | −0.061% | $88K | $1.7M | 3x | as long as short |
| Bybit PONSUSDT | +0.0828% | 4h | 0.5927 | −0.094% | $17.8M | $31.0M | 20x | as long as short |
| BloFin PONS-USDT | +0.0864% | 4h | 0.5937 | +0.074% | $1.7M | $945K | 20x | as long as short |
| Phoenix PONS | +0.1586% | 1h | 0.5915 | −0.295% | $45K | $121K | 3x | as long as short |
HTX PONS-USDT
Phemex PONSUSDT
Aevo PONS-PERP
Hyperliquid PONS
OKX PONS-USDT-SWAP
Lighter PONS
Aster PONSUSDT
Variational Omni PONS
Bitget PONSUSDT
edgeX PONSUSDC
MEXC PONS_USDT
Binance PONSUSDT
Extended PONS-USD
Pacifica PONS
BingX PONS-USDT
KuCoin PONSUSDTM
Polymarket Perps PONS-USD
Bybit PONSUSDT
BloFin PONS-USDT
Phoenix PONS