PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0459%/8h= −50.2% APRnext payment −$2.29 per $10,000 · paid last 24h −0.171%

Price spread now: Orderly against BloFin+0.149%7-day average — · you sell dearer than you buy

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

Long on BloFin 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 pays, funding is against you. Orderly is 0.149% dearer against BloFin than usual: you sell high and buy low (spread +0.149% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 26 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin PONS-USDT	0.6116	0.0559	pay 0.0279% / 4h	18m 51s	$1.8M	$1.0M	20x
Short	Orderly PERP_PONS_USDC_mythos	0.6125	0.0100	get 0.0050% / 4h	18m 51s	$2K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against BloFin. 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 BloFinbpFee OrderlybpOrdersPrice spread, now +0.149%Rate

Funding earned: −$96.33
Price spread: +0.149% → 0.000%: $14.88
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$99.45
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 4 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 BloFin live order book, 4 min ago	1.63 bp	10.6 bp −$11	23.0 bp −$230	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
Injective PONS/USDC PERP	−0.0047%	1h	0.5969	−2.395%	$614	$10K	5.5x	as long as short
gTrade (Gains Network) PONS/USD	L +0.0033% / S −0.0033%	1h	0.6111	−0.082%	$242K	—	150x	as long as short
Lighter RH PONS	+0.0096%	1h	0.6115	−0.016%	$427K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6120	+0.065%	$20K	$433K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6119	+0.049%	$88K	$107K	5x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.6112	−0.065%	$18.4M	$31.5M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.6111	−0.082%	$14.0M	$58.0M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6129	+0.207%	$1.4M	$4.2M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6131	+0.253%	$34K	$360K	5x	as long as short
Orderly PERP_PONS_USDC_mythosshort	+0.0100%	4h	0.6125	+0.149%	$2K	$3K	10x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX PONS-USDT	+0.0100%	4h	0.6122	+0.096%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6117	+0.016%	$28K	$545K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6130	+0.229%	$65K	$510K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6117	+0.016%	$1.7M	$3.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0128%	4h	0.6116	+0.005%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0158%	4h	0.6115	−0.018%	$4.7M	$11.7M	20x	as long as short
Aevo PONS-PERP	+0.0160%	1h	0.6122	+0.098%	$381	—	3x	as long as short
Aster PONSUSDT	+0.0164%	4h	0.6119	+0.044%	$1.1M	$2.2M	20x	as long as short
BingX PONS-USDT	+0.0306%	4h	0.6115	−0.016%	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0309%	4h	0.6115	−0.018%	$21K	$293K	10x	as long as short
Binance PONSUSDT	+0.0312%	4h	0.6116	−0.002%	$40.1M	$98.3M	20x	as long as short
MEXC PONS_USDT	+0.0318%	4h	0.6117	+0.016%	$8.0M	$4.9M	20x	as long as short
Extended PONS-USD	+0.0320%	1h	0.6116	−0.002%	$253K	$682K	5x	as long as short
Lighter PONS	+0.0344%	1h	0.6114	−0.033%	$1.7M	$923K	3x	as long as short
BloFin PONS-USDTlong	+0.0559%	4h	0.6116	long leg	$1.8M	$1.0M	20x
Polymarket Perps PONS-USD	+0.0646%	1h	0.6120	+0.059%	$42K	$1.7M	3x	as long as short
Hyperliquid PONS	+0.0857%	1h	0.6113	−0.044%	$62.3M	$30.0M	3x	as long as short
Pacifica PONS	+0.0899%	1h	0.6118	+0.037%	$48K	$96K	3x	as long as short
Phoenix PONS	+0.1307%	1h	0.6133	+0.271%	$31K	$102K	3x	as long as short
Gate PONS_USDT	+0.2472%	4h	0.6112	−0.065%	$5.3M	$6.3M	20x	as long as short