PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0147%/8h= +16.1% APRnext payment +$0.18 per $10,000 · paid last 24h +0.020%

Price spread now: SoDEX against Injective+2.747%62s7-day average — · you sell dearer than you buy

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

Long on Injective Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 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 +$4 a day on $10k at the current rate, and SoDEX is 2.747% dearer against Injective than usual: you sell high and buy low: +$275 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 62 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	Injective PONS/USDC PERP	0.5969	−0.0047	get 0.0006% / 1h	46m 18s	$614	$10K	5.5x
Short	SoDEX PONS-USD	0.6133	0.0100	get 0.0013% / 1h	46m 18s	$28K	$551K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Injective. 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 InjectivebpFee SoDEXbpOrdersPrice spread, now +2.747%Rate

Funding earned: $30.9
Price spread: +2.747% → 0.000%: $274.73
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $297.61
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; SoDEX: live order book, 32 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 SoDEX live order book, 32 min ago	1.67 bp	59.1 bp −$59	doesn't fit	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 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
Injective PONS/USDC PERPlong	−0.0047%	1h	0.5969	long leg	$614	$10K	5.5x
gTrade (Gains Network) PONS/USD	L +0.0033% / S −0.0036%	1h	0.6128	+2.653%	$230K	—	150x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6142	+2.890%	$21K	$459K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6143	+2.898%	$87K	$107K	5x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.6126	+2.622%	$18.5M	$31.9M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.6127	+2.638%	$14.0M	$58.6M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6139	+2.835%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6159	+3.169%	$33K	$360K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6140	+2.860%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6144	+2.928%	—	$1.4M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX PONS-USDshort	+0.0100%	1h	0.6133	+2.747%	$28K	$551K	3x
HTX PONS-USDT	+0.0100%	4h	0.6153	+3.082%	$65K	$509K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6128	+2.655%	$1.7M	$3.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0114%	4h	0.6133	+2.742%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0118%	4h	0.6133	+2.742%	$4.8M	$11.7M	20x	as long as short
Aevo PONS-PERP	+0.0160%	1h	0.6130	+2.689%	$382	—	3x	as long as short
Aster PONSUSDT	+0.0206%	4h	0.6131	+2.713%	$1.1M	$2.2M	20x	as long as short
Extended PONS-USD	+0.0296%	1h	0.6133	+2.733%	$254K	$682K	5x	as long as short
Binance PONSUSDT	+0.0298%	4h	0.6131	+2.705%	$40.0M	$99.3M	20x	as long as short
MEXC PONS_USDT	+0.0302%	4h	0.6133	+2.739%	$8.1M	$4.8M	20x	as long as short
BingX PONS-USDT	+0.0302%	4h	0.6134	+2.756%	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0305%	4h	0.6150	+3.028%	$21K	$294K	10x	as long as short
Lighter RH PONS	+0.0336%	1h	0.6136	+2.781%	$431K	$2.6M	3x	as long as short
Lighter PONS	+0.0392%	1h	0.6137	+2.806%	$1.7M	$921K	3x	as long as short
BloFin PONS-USDT	+0.0544%	4h	0.6126	+2.622%	$1.7M	$1.0M	20x	as long as short
Polymarket Perps PONS-USD	+0.0699%	1h	0.6139	+2.848%	$42K	$1.7M	3x	as long as short
Pacifica PONS	+0.0899%	1h	0.6135	+2.775%	$48K	$96K	3x	as long as short
Hyperliquid PONS	+0.0981%	1h	0.6140	+2.859%	$62.4M	$30.8M	3x	as long as short
Phoenix PONS	+0.1307%	1h	0.6150	+3.032%	$31K	$102K	3x	as long as short
Gate PONS_USDT	+0.2094%	4h	0.6137	+2.806%	$5.3M	$6.2M	20x	as long as short