PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0479%/8h= −52.4% APRnext payment −$2.39 per $10,000 · paid last 24h −0.098%

Price spread now: Orderly against Binance−0.017%7-day average — · you buy dearer than you sell

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

Long on Binance Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$14 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PONSUSDT	0.5904	0.0579	pay 0.0289% / 4h	1h 56m	$37.2M	$98.6M	20x
Short	Orderly PERP_PONS_USDC_mythos	0.5903	0.0100	get 0.0050% / 4h	1h 56m	$2K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Binance. 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 BinancebpFee OrderlybpOrdersPrice spread, now −0.017%Rate

Funding earned: −$100.57
Price spread: −0.017% → 0.000%: −$1.71
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$118.28
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 2 min ago; Orderly: 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 Binance live order book, 2 min ago	1.69 bp	14.1 bp −$14	41.1 bp −$411	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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
gTrade (Gains Network) PONS/USD	L +0.0033% / S −0.0032%	1h	0.5891	−0.217%	$234K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+1.109%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5897	−0.115%	$406K	$2.5M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5898	−0.102%	$21K	$421K	20x	as long as short
Orderly PERP_PONS_USDC_mythosshort	+0.0100%	4h	0.5903	−0.017%	$2K	$3K	10x
Nado PONS-PERP	+0.0100%	1h	0.5895	−0.153%	$69K	$131K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5913	+0.154%	$29K	$329K	5x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5904	+0.002%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5898	−0.105%	$25K	$589K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5913	+0.156%	$64K	$524K	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	0.5900	−0.068%	$1.6M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0224%	1h	0.5897	−0.120%	$367	—	3x	as long as short
Gate PONS_USDT	+0.0260%	4h	0.5906	+0.034%	$5.2M	$6.3M	20x	as long as short
Hyperliquid PONS	+0.0327%	1h	0.5911	+0.115%	$60.0M	$29.6M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0430%	4h	0.5908	+0.068%	$13.4M	$55.7M	20x	as long as short
Polymarket Perps PONS-USD	+0.0449%	1h	0.5898	−0.102%	$91K	$1.9M	3x	as long as short
Aster PONSUSDT	+0.0475%	4h	0.5902	−0.042%	$1.1M	$2.2M	20x	as long as short
Pacifica PONS	+0.0556%	1h	0.5899	−0.077%	$45K	$69K	3x	as long as short
Extended PONS-USD	+0.0576%	1h	0.5905	+0.020%	$101K	$811K	5x	as long as short
Binance PONSUSDTlong	+0.0579%	4h	0.5904	long leg	$37.2M	$98.6M	20x
MEXC PONS_USDT	+0.0580%	4h	0.5908	+0.068%	$7.5M	$4.7M	20x	as long as short
edgeX PONSUSDC	+0.0599%	4h	0.5920	+0.266%	$20K	$293K	10x	as long as short
Variational Omni PONS	+0.0651%	4h	0.5917	+0.227%	$1.4M	$4.1M	—	as long as short
Bitget PONSUSDT	+0.0652%	4h	0.5909	+0.085%	$4.7M	$12.2M	20x	as long as short
KuCoin PONSUSDTM	+0.0684%	4h	0.5908	+0.076%	$1.6M	$3.8M	20x	as long as short
Lighter PONS	+0.0792%	1h	0.5902	−0.031%	$1.6M	$822K	3x	as long as short
BloFin PONS-USDT	+0.0822%	4h	0.5905	+0.017%	$1.7M	$956K	20x	as long as short
BingX PONS-USDT	+0.0882%	4h	0.5908	+0.068%	—	$3.0M	—	as long as short
Bybit PONSUSDT	+0.0920%	4h	0.5907	+0.051%	$17.6M	$31.5M	20x	as long as short
Phoenix PONS	+0.1719%	1h	0.5909	+0.078%	$45K	$120K	3x	as long as short