Funding you earn now, next payment 03:00 UTC−0.0267%/8h= −29.3% APRpaid last 24h −0.066%
Price spread now: Aevo against edgeX−0.628%72s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Aevo is 0.628% cheaper against edgeX than usual: you would sell low and buy high (−$63 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX PONSUSDC | 0.6058 | 0.0459 | pay 0.0230% / 4h | 1h 58m | $21K | $293K | 10x |
| Short | Aevo PONS-PERP | 0.6019 | 0.0192 | get 0.0024% / 1h | 58m 13s | $375 | — | 3x |
edgeX PONSUSDC
Aevo PONS-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against edgeX. 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
- −$56.14
- Price spread: −0.628% → 0.000%
- −$62.79
- Slippage, 4 orders
- no order book: not counted
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$143.93
- Costs to cover
- 0.250%
- Break-even
- never at this rate
Slippage unknown: edgeX: live order book, 5 min ago; Aevo: 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 edgeX live order book, 5 min ago | 12.37 bp | 21.2 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aevo no order-book sample | — | — | — | — | — |
Aevo: 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 29 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 −0.0033% | 1h | 0.6015 | −0.709% | $238K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | −1.453% | $614 | $10K | 5.5x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6029 | −0.471% | $20K | $423K | 20x | as long as short |
| Variational Omni PONS | +0.0100% | 4h | 0.6048 | −0.158% | $1.4M | $3.9M | — | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6068 | +0.178% | $33K | $351K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6026 | −0.527% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.6024 | −0.550% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.6019 | −0.636% | $26K | $518K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6039 | −0.309% | $64K | $508K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.6009 | −0.801% | $1.6M | $3.2M | 20x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
Variational Omni PONS
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH PONS | +0.0128% | 1h | 0.6022 | −0.588% | $423K | $2.5M | 3x | as long as short |
| Lighter PONS | +0.0152% | 1h | 0.6024 | −0.554% | $1.7M | $871K | 3x | as long as short |
| Aevo PONS-PERPshort | +0.0192% | 1h | 0.6019 | −0.628% | $375 | — | 3x | |
| OKX PONS-USDT-SWAP | +0.0270% | 4h | 0.6002 | −0.917% | $13.8M | $54.1M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0320% | 4h | 0.6030 | −0.450% | $1.7M | $3.6M | 20x | as long as short |
| Bitget PONSUSDT | +0.0372% | 4h | 0.6022 | −0.592% | $4.7M | $11.2M | 20x | as long as short |
| Aster PONSUSDT | +0.0429% | 4h | 0.6023 | −0.574% | $1.1M | $2.0M | 20x | as long as short |
| BingX PONS-USDT | +0.0438% | 4h | 0.6025 | −0.537% | — | $3.0M | — | as long as short |
| MEXC PONS_USDT | +0.0454% | 4h | 0.6024 | −0.554% | $7.7M | $4.6M | 20x | as long as short |
| Binance PONSUSDT | +0.0455% | 4h | 0.6015 | −0.707% | $39.3M | $93.6M | 20x | as long as short |
| Extended PONS-USD | +0.0456% | 1h | 0.6020 | −0.627% | $249K | $670K | 5x | as long as short |
| edgeX PONSUSDClong | +0.0459% | 4h | 0.6058 | long leg | $21K | $293K | 10x | |
| Bybit PONSUSDT | +0.0533% | 4h | 0.6004 | −0.884% | $17.9M | $30.3M | 20x | as long as short |
| Nado PONS-PERP | +0.0541% | 1h | 0.6029 | −0.471% | $71K | $131K | 5x | as long as short |
| Polymarket Perps PONS-USD | +0.0593% | 1h | 0.6027 | −0.512% | $48K | $1.5M | 3x | as long as short |
| Hyperliquid PONS | +0.0596% | 1h | 0.6023 | −0.565% | $61.4M | $27.8M | 3x | as long as short |
| Pacifica PONS | +0.0755% | 1h | 0.6032 | −0.416% | $48K | $72K | 3x | as long as short |
| Gate PONS_USDT | +0.0856% | 4h | 0.6018 | −0.653% | $5.3M | $6.1M | 20x | as long as short |
| Phoenix PONS | +0.1695% | 1h | 0.6060 | +0.049% | $31K | $98K | 3x | as long as short |
Lighter RH PONS
Lighter PONS
OKX PONS-USDT-SWAP
KuCoin PONSUSDTM
Bitget PONSUSDT
Aster PONSUSDT
BingX PONS-USDT
MEXC PONS_USDT
Binance PONSUSDT
Extended PONS-USD
Bybit PONSUSDT
Nado PONS-PERP
Polymarket Perps PONS-USD
Hyperliquid PONS
Pacifica PONS
Gate PONS_USDT
Phoenix PONS