PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0080%/8h= −8.8% APRnext payment −$0.10 per $10,000 · paid last 24h −0.097%

Price spread now: Popdex against Extended−0.044%7-day average +0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$236as in the Price arb table

costs, in and out, $10k−$2282.283% of the position

Long on Extended Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.314%−$31 on $10k

Price spread, last 4 days (all we have)+0.106%+$11 · spread now −0.044%, 7d avg +0.032%

Together, before fees−0.208%+ Points / potential airdropExtended: Active · farm board−$21 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Popdex is 0.076% cheaper against Extended than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.032%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended PONS-USD	0.5994	0.0176	pay 0.0022% / 1h	7m 52s	$248K	$667K	5x
Short	Popdex PONSUSDT	0.5991	0.0096	get 0.0012% / 1h	7m 52s	$21K	$440K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now −0.044%Rate

Funding earned: −$16.8
Price spread: −0.044% → +0.032%: −$7.58
Slippage, 4 orders: −$216.93
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$252.71
Costs to cover: 2.283%
Break-even: never at this rate

Slippage from Extended: live order book, 10 min ago; Popdex: live order book, 11 min ago.

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, 10 min ago	11.94 bp	28.6 bp −$29	198.0 bp −$1,980	doesn't fit	doesn't fit
Sell Popdex live order book, 11 min ago	10.77 bp	87.6 bp −$88	doesn't fit	doesn't fit	doesn't fit

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 −0.0036%	1h	0.5982	−0.196%	$224K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.403%	$614	$10K	5.5x	as long as short
Popdex PONSUSDTshort	+0.0096%	1h	0.5991	−0.044%	$21K	$440K	20x
Bybit PONSUSDT	+0.0100%	4h	0.5995	+0.023%	$18.0M	$31.5M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5997	+0.056%	$13.5M	$56.5M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5997	+0.048%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5999	+0.096%	$4.7M	$11.6M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5976	−0.291%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5991	−0.036%	$35K	$352K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5996	+0.031%	$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	0.5998	+0.065%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5988	−0.099%	$27K	$545K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5996	+0.043%	$64K	$506K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5987	−0.111%	$1.7M	$3.3M	20x	as long as short
Aster PONSUSDT	+0.0123%	4h	0.5988	−0.091%	$1.1M	$2.2M	20x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.5991	−0.044%	$373	—	3x	as long as short
Extended PONS-USDlong	+0.0176%	1h	0.5994	long leg	$248K	$667K	5x
MEXC PONS_USDT	+0.0178%	4h	0.5995	+0.023%	$7.8M	$4.9M	20x	as long as short
Binance PONSUSDT	+0.0179%	4h	0.5997	+0.059%	$39.0M	$97.8M	20x	as long as short
BingX PONS-USDT	+0.0182%	4h	0.5995	+0.023%	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0202%	4h	0.5981	−0.215%	$21K	$292K	10x	as long as short
Nado PONS-PERP	+0.0207%	1h	0.5991	−0.044%	$91K	$103K	5x	as long as short
Lighter RH PONS	+0.0256%	1h	0.5989	−0.069%	$423K	$2.7M	3x	as long as short
BloFin PONS-USDT	+0.0419%	4h	0.5988	−0.094%	$1.7M	$979K	20x	as long as short
Pacifica PONS	+0.0451%	1h	0.5995	+0.028%	$47K	$96K	3x	as long as short
Polymarket Perps PONS-USD	+0.0483%	1h	0.5989	−0.072%	$37K	$1.7M	3x	as long as short
Lighter PONS	+0.0624%	1h	0.5990	−0.066%	$1.7M	$1.0M	3x	as long as short
Hyperliquid PONS	+0.0680%	1h	0.5997	+0.049%	$60.7M	$30.1M	3x	as long as short
Phoenix PONS	+0.1398%	1h	0.5978	−0.266%	$30K	$96K	3x	as long as short
Gate PONS_USDT	+0.1512%	4h	0.5985	−0.144%	$5.2M	$6.5M	20x	as long as short