Funding you earn now, next payment 20:00 UTC−0.0202%/8hpaid last 24h −0.198%
Price spread now: Injective against BingX−0.612%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 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 −$6 a day on $10k at the current rate, and Injective is 0.612% cheaper against BingX than usual: you would sell low and buy high (−$61 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 | BingX PONS-USDT | 0.5899 | 0.0194 | pay 0.0097% / 4h | 7m 01s | — | $3.2M | — |
| Short | Injective PONS/USDC PERP | 0.5863 | −0.0008 | pay 0.0001% / 1h | 7m 01s | $603 | $6K | 5.5x |
BingX PONS-USDT
Injective PONS/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against BingX. 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
- −$42.51
- Price spread: −0.612% → 0.000%
- −$61.2
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$113.73
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: BingX: live order book, 2 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 BingX live order book, 2 min ago | 2.54 bp | 11.0 bp −$11 | 32.8 bp −$328 | 432.5 bp −$43.2K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate PONS_USDT | −0.0168% | 4h | 0.5899 | 0.000% | $5.2M | $7.2M | 20x | as long as short |
| Injective PONS/USDC PERPshort | −0.0008% | 1h | 0.5863 | −0.612% | $603 | $6K | 5.5x | |
| gTrade (Gains Network) PONS/USD | L +0.0032% / S −0.0032% | 1h | 0.5894 | −0.091% | $212K | — | 150x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.5896 | −0.051% | $21K | $494K | 20x | as long as short |
| Nado PONS-PERP | +0.0100% | 1h | 0.5899 | 0.000% | $73K | $95K | 5x | as long as short |
| Hyperliquid PONS | +0.0100% | 1h | 0.5900 | +0.017% | $58.4M | $29.9M | 3x | as long as short |
| Bybit PONSUSDT | +0.0100% | 4h | 0.5897 | −0.034% | $17.6M | $31.5M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.0100% | 4h | 0.5897 | −0.034% | $13.2M | $56.1M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0100% | 4h | 0.5902 | +0.056% | $1.8M | $3.6M | 20x | as long as short |
| Bitget PONSUSDT | +0.0100% | 4h | 0.5901 | +0.031% | $4.6M | $11.5M | 20x | as long as short |
Gate PONS_USDT
gTrade (Gains Network) PONS/USD
Popdex PONSUSDT
Nado PONS-PERP
Hyperliquid PONS
Bybit PONSUSDT
OKX PONS-USDT-SWAP
KuCoin PONSUSDTM
Bitget PONSUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni PONS | +0.0100% | 4h | 0.5879 | −0.331% | $1.2M | $4.2M | — | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.5898 | −0.020% | $34K | $315K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.5906 | +0.110% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.5901 | +0.041% | — | $1.4M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.5898 | −0.017% | $27K | $533K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.5912 | +0.225% | $63K | $504K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.5895 | −0.068% | $1.7M | $3.3M | 20x | as long as short |
| Aevo PONS-PERP | +0.0128% | 1h | 0.5894 | −0.083% | $367 | — | 3x | as long as short |
| Pacifica PONS | +0.0150% | 1h | 0.5897 | −0.029% | $47K | $111K | 3x | as long as short |
| Lighter RH PONS | +0.0192% | 1h | 0.5900 | +0.017% | $397K | $2.5M | 3x | as long as short |
| Extended PONS-USD | +0.0192% | 1h | 0.5897 | −0.031% | $88K | $537K | 5x | as long as short |
| MEXC PONS_USDT | +0.0194% | 4h | 0.5898 | −0.017% | $7.3M | $5.3M | 20x | as long as short |
| BingX PONS-USDTlong | +0.0194% | 4h | 0.5899 | long leg | — | $3.2M | — | |
| Binance PONSUSDT | +0.0195% | 4h | 0.5898 | −0.023% | $38.3M | $99.3M | 20x | as long as short |
| edgeX PONSUSDC | +0.0196% | 4h | 0.5898 | −0.021% | $21K | $292K | 10x | as long as short |
| Aster PONSUSDT | +0.0204% | 4h | 0.5900 | +0.011% | $1.1M | $2.1M | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.0259% | 1h | 0.5898 | −0.015% | $55K | $1.8M | 3x | as long as short |
| BloFin PONS-USDT | +0.0435% | 4h | 0.5904 | +0.085% | $1.7M | $979K | 20x | as long as short |
| Lighter PONS | +0.0904% | 1h | 0.5905 | +0.095% | $1.7M | $875K | 3x | as long as short |
| Phoenix PONS | +0.1244% | 1h | 0.5898 | −0.014% | $27K | $80K | 3x | as long as short |
Variational Omni PONS
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDT
Aevo PONS-PERP
Pacifica PONS
Lighter RH PONS
Extended PONS-USD
MEXC PONS_USDT
Binance PONSUSDT
edgeX PONSUSDC
Aster PONSUSDT
Polymarket Perps PONS-USD
BloFin PONS-USDT
Lighter PONS
Phoenix PONS