PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0878%/8h= −96.2% APRnext payment −$4.39 per $10,000 · paid last 24h −0.109%

Price spread now: Orderly against Bybit+0.191%7-day average — · you sell dearer than you buy

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

Long on Bybit 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 0.191% dearer against Bybit than usual: you sell high and buy low (spread +0.191% now, against zero (this spread has no 7-day history yet)): +$19 on $10k if it goes back. Holding the pair costs −$26 a day in funding at the current rate, which eats that in about 17 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit PONSUSDT	0.6180	0.0978	pay 0.0489% / 4h	3h 33m	$18.7M	$33.1M	20x
Short	Orderly PERP_PONS_USDC_mythos	0.6192	0.0100	get 0.0050% / 4h	3h 33m	$2K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Bybit. 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 BybitbpFee OrderlybpOrdersPrice spread, now +0.191%Rate

Funding earned: −$184.47
Price spread: +0.191% → 0.000%: $19.09
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$182.38
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Bybit: live order book, 5 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 Bybit live order book, 5 min ago	0.80 bp	17.1 bp −$17	42.6 bp −$426	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 +0.0032% / S −0.0030%	1h	0.6201	+0.337%	$243K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5938	−3.908%	$610	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6182	+0.032%	$23K	$437K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6182	+0.033%	$72K	$130K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6239	+0.950%	$31K	$291K	5x	as long as short
Polymarket Perps PONS-USD	+0.0100%	1h	0.6177	−0.057%	$72K	$2.2M	3x	as long as short
Orderly PERP_PONS_USDC_mythosshort	+0.0100%	4h	0.6192	+0.191%	$2K	$4K	10x
SunX PONS-USDT	+0.0100%	4h	0.6184	+0.070%	—	$1.2M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6184	+0.071%	$26K	$622K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6197	+0.280%	$66K	$527K	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	0.6185	+0.081%	$1.7M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0240%	1h	0.6188	+0.121%	$385	—	3x	as long as short
Hyperliquid PONS	+0.0302%	1h	0.6185	+0.073%	$63.3M	$30.7M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0402%	4h	0.6183	+0.049%	$14.2M	$60.7M	20x	as long as short
Lighter RH PONS	+0.0408%	1h	0.6201	+0.338%	$420K	$2.7M	3x	as long as short
Aster PONSUSDT	+0.0434%	4h	0.6191	+0.181%	$1.1M	$2.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0460%	4h	0.6182	+0.034%	$1.6M	$4.1M	20x	as long as short
Variational Omni PONS	+0.0577%	4h	0.6231	+0.833%	$1.6M	$4.4M	—	as long as short
Lighter PONS	+0.0624%	1h	0.6189	+0.141%	$1.7M	$868K	3x	as long as short
MEXC PONS_USDT	+0.0638%	4h	0.6185	+0.081%	$7.9M	$4.7M	20x	as long as short
Binance PONSUSDT	+0.0639%	4h	0.6180	0.000%	$40.5M	$104.2M	20x	as long as short
Extended PONS-USD	+0.0640%	1h	0.6184	+0.071%	$104K	$828K	5x	as long as short
edgeX PONSUSDC	+0.0651%	4h	0.6214	+0.543%	$20K	$292K	10x	as long as short
Bitget PONSUSDT	+0.0716%	4h	0.6186	+0.095%	$5.0M	$13.2M	20x	as long as short
Gate PONS_USDT	+0.0812%	4h	0.6180	0.000%	$5.4M	$6.4M	20x	as long as short
Pacifica PONS	+0.0853%	1h	0.6198	+0.283%	$47K	$77K	3x	as long as short
BloFin PONS-USDT	+0.0879%	4h	0.6191	+0.178%	$1.8M	$1.1M	20x	as long as short
Bybit PONSUSDTlong	+0.0978%	4h	0.6180	long leg	$18.7M	$33.1M	20x
BingX PONS-USDT	+0.1064%	4h	0.6177	−0.049%	—	$3.2M	—	as long as short
Phoenix PONS	+0.1714%	1h	0.6208	+0.460%	$47K	$159K	3x	as long as short