Funding you earn now, next payment 01:00 UTC+0.1662%/8h= +182.0% APRnext payment +$2.08 per $10,000 · paid last 24h +0.404%
Price spread now: Phoenix against Injective+1.524%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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—needs both histories
Both sides work for this trade now. Funding pays +$50 a day on $10k at the current rate, and Phoenix is 1.524% dearer against Injective than usual: you sell high and buy low: +$152 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective PONS/USDC PERP | 0.5969 | 0.0033 | pay 0.0004% / 1h | 59m 57s | $614 | $10K | 5.5x |
| Short | Phoenix PONS | 0.6060 | 0.1695 | get 0.0212% / 1h | 59m 57s | $31K | $107K | 3x |
Injective PONS/USDC PERP
Phoenix PONSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Injective. 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
- $349.04
- Price spread: +1.524% → 0.000%
- $152.44
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $494.47
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Phoenix: live order book, 42 min ago. 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 Injective no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 42 min ago | 3.31 bp | 16.6 bp −$17 | 54.4 bp −$544 | doesn't fit | doesn't fit |
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 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 | 0.6024 | +0.905% | $239K | — | 150x | as long as short |
| Injective PONS/USDC PERPlong | +0.0033% | 1h | 0.5969 | long leg | $614 | $10K | 5.5x | |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6063 | +1.566% | $20K | $423K | 20x | as long as short |
| Variational Omni PONS | +0.0100% | 4h | 0.6048 | +1.314% | $1.4M | $3.9M | — | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6070 | +1.687% | $33K | $351K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6044 | +1.246% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.6055 | +1.431% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.6035 | +1.104% | $26K | $520K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6044 | +1.241% | $64K | $508K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.6034 | +1.080% | $1.6M | $3.2M | 20x | as long as short |
gTrade (Gains Network) PONS/USD
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 | +0.0184% | 1h | 0.6037 | +1.131% | $424K | $2.5M | 3x | as long as short |
| Aevo PONS-PERP | +0.0192% | 1h | 0.6037 | +1.127% | $376 | — | 3x | as long as short |
| Lighter PONS | +0.0264% | 1h | 0.6037 | +1.131% | $1.7M | $889K | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.0265% | 4h | 0.6040 | +1.181% | $13.8M | $54.5M | 20x | as long as short |
| Nado PONS-PERP | +0.0284% | 1h | 0.6063 | +1.559% | $71K | $131K | 5x | as long as short |
| KuCoin PONSUSDTM | +0.0306% | 4h | 0.6037 | +1.136% | $1.7M | $3.6M | 20x | as long as short |
| Bitget PONSUSDT | +0.0368% | 4h | 0.6045 | +1.268% | $4.7M | $11.2M | 20x | as long as short |
| BingX PONS-USDT | +0.0438% | 4h | 0.6034 | +1.080% | — | $3.0M | — | as long as short |
| Aster PONSUSDT | +0.0438% | 4h | 0.6039 | +1.169% | $1.1M | $2.0M | 20x | as long as short |
| edgeX PONSUSDC | +0.0448% | 4h | 0.6061 | +1.533% | $21K | $293K | 10x | as long as short |
| Binance PONSUSDT | +0.0453% | 4h | 0.6037 | +1.127% | $39.5M | $93.7M | 20x | as long as short |
| MEXC PONS_USDT | +0.0454% | 4h | 0.6037 | +1.131% | $7.7M | $4.8M | 20x | as long as short |
| Extended PONS-USD | +0.0456% | 1h | 0.6037 | +1.134% | $250K | $670K | 5x | as long as short |
| Bybit PONSUSDT | +0.0515% | 4h | 0.6039 | +1.164% | $18.0M | $30.3M | 20x | as long as short |
| Hyperliquid PONS | +0.0723% | 1h | 0.6036 | +1.114% | $61.5M | $27.8M | 3x | as long as short |
| Polymarket Perps PONS-USD | +0.0785% | 1h | 0.6062 | +1.550% | $48K | $1.5M | 3x | as long as short |
| Gate PONS_USDT | +0.0852% | 4h | 0.6034 | +1.080% | $5.3M | $6.2M | 20x | as long as short |
| Pacifica PONS | +0.0869% | 1h | 0.6061 | +1.534% | $48K | $75K | 3x | as long as short |
| Phoenix PONSshort | +0.1695% | 1h | 0.6060 | +1.524% | $31K | $107K | 3x |
Lighter RH PONS
Aevo PONS-PERP
Lighter PONS
OKX PONS-USDT-SWAP
Nado PONS-PERP
KuCoin PONSUSDTM
Bitget PONSUSDT
BingX PONS-USDT
Aster PONSUSDT
edgeX PONSUSDC
Binance PONSUSDT
MEXC PONS_USDT
Extended PONS-USD
Bybit PONSUSDT
Hyperliquid PONS
Polymarket Perps PONS-USD
Gate PONS_USDT
Pacifica PONS