PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0250%/8h= −27.3% APRnext payment −$1.25 per $10,000 · paid last 24h −0.089%

Price spread now: Orderly against edgeX+0.654%7-day average — · you sell dearer than you buy

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

Long on edgeX 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—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

The price spread pays, funding is against you. Orderly is 0.654% dearer against edgeX than usual: you sell high and buy low (spread +0.654% now, against zero (this spread has no 7-day history yet)): +$65 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 8.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX PONSUSDC	0.6075	0.0350	pay 0.0175% / 4h	3h 31m	$21K	$294K	10x
Short	Orderly PERP_PONS_USDC_mythos	0.6115	0.0100	get 0.0050% / 4h	3h 31m	$2K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against edgeX. 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 edgeXbpFee OrderlybpOrdersPrice spread, now +0.654%Rate

Funding earned: −$52.44
Price spread: +0.654% → 0.000%: $65.37
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$2.06
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: edgeX: live order book, 42 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 edgeX live order book, 42 min ago	11.48 bp	19.8 bp −$20	doesn't fit	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 −0.0033%	1h	0.6099	+0.386%	$242K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.743%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.6106	+0.509%	$432K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6111	+0.586%	$20K	$415K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6105	+0.480%	$1.4M	$4.1M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6102	+0.438%	$33K	$359K	5x	as long as short
Orderly PERP_PONS_USDC_mythosshort	+0.0100%	4h	0.6115	+0.654%	$2K	$3K	10x
SunX PONS-USDT	+0.0100%	4h	0.6108	+0.529%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6108	+0.529%	$28K	$547K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6120	+0.731%	$65K	$511K	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	0.6098	+0.372%	$1.7M	$3.2M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0160%	4h	0.6105	+0.487%	$13.9M	$57.1M	20x	as long as short
Aevo PONS-PERP	+0.0168%	1h	0.6107	+0.520%	$380	—	3x	as long as short
KuCoin PONSUSDTM	+0.0178%	4h	0.6109	+0.548%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0228%	4h	0.6110	+0.570%	$4.8M	$11.4M	20x	as long as short
Aster PONSUSDT	+0.0249%	4h	0.6106	+0.509%	$1.1M	$2.1M	20x	as long as short
MEXC PONS_USDT	+0.0342%	4h	0.6107	+0.520%	$8.0M	$4.8M	20x	as long as short
edgeX PONSUSDClong	+0.0350%	4h	0.6075	long leg	$21K	$294K	10x
Binance PONSUSDT	+0.0350%	4h	0.6104	+0.471%	$40.0M	$96.8M	20x	as long as short
Extended PONS-USD	+0.0352%	1h	0.6108	+0.532%	$252K	$679K	5x	as long as short
Lighter PONS	+0.0456%	1h	0.6108	+0.529%	$1.7M	$909K	3x	as long as short
BloFin PONS-USDT	+0.0590%	4h	0.6105	+0.487%	$1.8M	$1.0M	20x	as long as short
Nado PONS-PERP	+0.0606%	1h	0.6107	+0.528%	$105K	$115K	5x	as long as short
Bybit PONSUSDT	+0.0647%	4h	0.6104	+0.471%	$18.3M	$30.9M	20x	as long as short
Pacifica PONS	+0.0665%	1h	0.6109	+0.547%	$48K	$87K	3x	as long as short
BingX PONS-USDT	+0.0682%	4h	0.6110	+0.570%	—	$3.1M	—	as long as short
Polymarket Perps PONS-USD	+0.0756%	1h	0.6110	+0.563%	$44K	$1.6M	3x	as long as short
Hyperliquid PONS	+0.0903%	1h	0.6111	+0.580%	$62.1M	$29.2M	3x	as long as short
Gate PONS_USDT	+0.0916%	4h	0.6104	+0.471%	$5.3M	$6.2M	20x	as long as short
Phoenix PONS	+0.1608%	1h	0.6077	+0.033%	$31K	$113K	3x	as long as short