PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0727%/8h= −79.6% APRnext payment −$0.91 per $10,000 · paid last 24h −0.112%

Price spread now: Injective against Extended−6.734%7-day average — · you buy dearer than you sell

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

Long on Extended Short on Injective

What this pair did over the last

the charts below follow

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—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and Injective is 6.734% cheaper against Extended than usual: you would sell low and buy high (−$673 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	Extended PONS-USD	0.6367	0.0760	pay 0.0095% / 1h	58m 54s	$107K	$807K	5x
Short	Injective PONS/USDC PERP	0.5938	0.0033	get 0.0004% / 1h	58m 54s	$610	$10K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Extended. 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 ExtendedbpFee InjectivebpOrdersPrice spread, now −6.734%Rate

Funding earned: −$152.6
Price spread: −6.734% → 0.000%: −$673.37
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$830.99
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 34 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 Extended live order book, 34 min ago	10.52 bp	24.8 bp −$25	214.2 bp −$2,142	doesn't fit	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
gTrade (Gains Network) PONS/USD	L +0.0032% / S −0.0030%	1h	0.6394	+0.423%	$251K	—	150x	as long as short
Injective PONS/USDC PERPshort	+0.0033%	1h	0.5938	−6.734%	$610	$10K	5.5x
Popdex PONSUSDT	+0.0096%	1h	0.6379	+0.185%	$23K	$427K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6379	+0.188%	$74K	$130K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6402	+0.552%	$32K	$286K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6376	+0.144%	$2K	$4K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6369	+0.026%	—	$1.1M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6367	−0.004%	$27K	$625K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6387	+0.316%	$67K	$529K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6370	+0.043%	$1.7M	$3.2M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo PONS-PERP	+0.0272%	1h	0.6369	+0.025%	$397	—	3x	as long as short
Lighter RH PONS	+0.0336%	1h	0.6374	+0.104%	$432K	$2.6M	3x	as long as short
Lighter PONS	+0.0400%	1h	0.6370	+0.040%	$1.8M	$835K	3x	as long as short
Hyperliquid PONS	+0.0435%	1h	0.6367	−0.012%	$65.3M	$31.0M	3x	as long as short
Polymarket Perps PONS-USD	+0.0447%	1h	0.6375	+0.122%	$74K	$2.2M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0488%	4h	0.6364	−0.051%	$14.6M	$61.3M	20x	as long as short
Aster PONSUSDT	+0.0516%	4h	0.6369	+0.024%	$1.2M	$2.2M	20x	as long as short
KuCoin PONSUSDTM	+0.0568%	4h	0.6362	−0.082%	$1.8M	$4.2M	20x	as long as short
Variational Omni PONS	+0.0691%	4h	0.6407	+0.621%	$1.6M	$4.5M	—	as long as short
MEXC PONS_USDT	+0.0756%	4h	0.6366	−0.020%	$8.1M	$4.6M	20x	as long as short
Binance PONSUSDT	+0.0757%	4h	0.6370	+0.039%	$42.2M	$103.0M	20x	as long as short
Extended PONS-USDlong	+0.0760%	1h	0.6367	long leg	$107K	$807K	5x
edgeX PONSUSDC	+0.0765%	4h	0.6397	+0.464%	$19K	$295K	10x	as long as short
Bitget PONSUSDT	+0.0786%	4h	0.6366	−0.026%	$5.2M	$13.5M	20x	as long as short
Pacifica PONS	+0.0853%	1h	0.6380	+0.192%	$48K	$78K	3x	as long as short
BloFin PONS-USDT	+0.0997%	4h	0.6371	+0.059%	$1.9M	$1.1M	20x	as long as short
Bybit PONSUSDT	+0.1183%	4h	0.6368	+0.012%	$19.4M	$33.2M	20x	as long as short
BingX PONS-USDT	+0.1200%	4h	0.6363	−0.067%	—	$3.1M	—	as long as short
Phoenix PONS	+0.1714%	1h	0.6405	+0.601%	$49K	$155K	3x	as long as short
Gate PONS_USDT	+0.3162%	4h	0.6366	−0.020%	$5.6M	$6.4M	20x	as long as short