PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.1214%/8h= +132.9% APRnext payment +$1.52 per $10,000 · paid last 24h +0.303%

Price spread now: Phoenix against Extended−0.029%108s7-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 Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+1.451%+$145 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding pays, the price is against you. Phoenix is 0.029% cheaper against Extended than usual: you would sell low and buy high (spread −0.029% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 2 hours of funding at the current rate (+$36 a day). The two prices were read 108 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	Extended PONS-USD	0.5993	0.0184	pay 0.0023% / 1h	17m 37s	$248K	$667K	5x
Short	Phoenix PONS	0.5991	0.1398	get 0.0175% / 1h	17m 37s	$30K	$96K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.029%Rate

Funding earned: $254.97
Price spread: −0.029% → 0.000%: −$2.89
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $240.08
Costs to cover: 0.120%
Break-even: 0.4 days

Slippage unknown: Extended: live order book, 65 min ago; Phoenix: 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, 65 min ago	9.50 bp	24.7 bp −$25	163.3 bp −$1,633	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: 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 −0.0034%	1h	0.5984	−0.149%	$219K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.389%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5989	−0.064%	$20K	$438K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5986	−0.114%	$17.9M	$31.5M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5986	−0.114%	$13.6M	$56.2M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5990	−0.042%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5994	+0.025%	$4.7M	$11.6M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5988	−0.085%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5993	−0.002%	$35K	$351K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6000	+0.116%	$3K	$3K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX PONS-USDT	+0.0100%	4h	0.6000	+0.125%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5993	−0.004%	$27K	$545K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6000	+0.126%	$64K	$506K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5991	−0.031%	$1.7M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.5992	−0.008%	$373	—	3x	as long as short
Aster PONSUSDT	+0.0137%	4h	0.5988	−0.078%	$1.1M	$2.2M	20x	as long as short
Extended PONS-USDlong	+0.0184%	1h	0.5993	long leg	$248K	$667K	5x
MEXC PONS_USDT	+0.0184%	4h	0.5990	−0.047%	$7.8M	$4.9M	20x	as long as short
Binance PONSUSDT	+0.0187%	4h	0.5990	−0.047%	$39.0M	$97.7M	20x	as long as short
BingX PONS-USDT	+0.0192%	4h	0.5988	−0.081%	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0192%	4h	0.5985	−0.134%	$21K	$293K	10x	as long as short
Nado PONS-PERP	+0.0225%	1h	0.5993	+0.001%	$91K	$103K	5x	as long as short
Lighter RH PONS	+0.0336%	1h	0.5991	−0.024%	$423K	$2.7M	3x	as long as short
BloFin PONS-USDT	+0.0426%	4h	0.5986	−0.114%	$1.7M	$981K	20x	as long as short
Pacifica PONS	+0.0451%	1h	0.5991	−0.032%	$47K	$96K	3x	as long as short
Polymarket Perps PONS-USD	+0.0491%	1h	0.5993	+0.003%	$37K	$1.7M	3x	as long as short
Lighter PONS	+0.0688%	1h	0.5992	−0.006%	$1.7M	$999K	3x	as long as short
Hyperliquid PONS	+0.0690%	1h	0.5997	+0.076%	$60.6M	$30.1M	3x	as long as short
Gate PONS_USDT	+0.1394%	4h	0.5986	−0.114%	$5.2M	$6.5M	20x	as long as short
Phoenix PONSshort	+0.1398%	1h	0.5991	−0.029%	$30K	$96K	3x