Funding you earn now, next payment 05:00 UTC−0.0329%/8h= −36.0% APRpaid last 24h −0.048%
Price spread now: Injective against OKX−0.326%7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$10 a day on $10k at the current rate, and Injective is 0.326% cheaper against OKX than usual: you would sell low and buy high (−$33 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 | OKX PONS-USDT-SWAP | 0.5989 | 0.0362 | pay 0.0181% / 4h | 3h 22m | $13.6M | $54.8M | 20x |
| Short | Injective PONS/USDC PERP | 0.5969 | 0.0033 | get 0.0004% / 1h | 22m 56s | $614 | $10K | 5.5x |
OKX PONS-USDT-SWAP
Injective PONS/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against OKX. 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
- −$69.05
- Price spread: −0.326% → 0.000%
- −$32.56
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$111.63
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: OKX: live order book, 1 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 OKX live order book, 1 min ago | 1.67 bp | 11.4 bp −$11 | 31.9 bp −$319 | 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 +0.0033% / S −0.0032% | 1h | 0.5996 | +0.124% | $238K | — | 150x | as long as short |
| Injective PONS/USDC PERPshort | +0.0033% | 1h | 0.5969 | −0.326% | $614 | $10K | 5.5x | |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6005 | +0.267% | $21K | $417K | 20x | as long as short |
| Nado PONS-PERP | +0.0100% | 1h | 0.6008 | +0.317% | $70K | $130K | 5x | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6027 | +0.629% | $35K | $342K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6010 | +0.359% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.6003 | +0.230% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.6002 | +0.224% | $26K | $534K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6018 | +0.491% | $65K | $512K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.6000 | +0.184% | $1.7M | $3.2M | 20x | as long as short |
gTrade (Gains Network) PONS/USD
Popdex PONSUSDT
Nado PONS-PERP
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH PONS | +0.0168% | 1h | 0.6005 | +0.260% | $410K | $2.6M | 3x | as long as short |
| Aevo PONS-PERP | +0.0240% | 1h | 0.6005 | +0.259% | $374 | — | 3x | as long as short |
| OKX PONS-USDT-SWAPlong | +0.0362% | 4h | 0.5989 | long leg | $13.6M | $54.8M | 20x | |
| Variational Omni PONS | +0.0441% | 4h | 0.6020 | +0.524% | $1.5M | $3.9M | — | as long as short |
| Hyperliquid PONS | +0.0479% | 1h | 0.6001 | +0.199% | $61.4M | $28.0M | 3x | as long as short |
| Aster PONSUSDT | +0.0522% | 4h | 0.5992 | +0.055% | $1.1M | $2.1M | 20x | as long as short |
| Bitget PONSUSDT | +0.0536% | 4h | 0.5997 | +0.137% | $4.6M | $11.5M | 20x | as long as short |
| Lighter PONS | +0.0560% | 1h | 0.6006 | +0.284% | $1.6M | $893K | 3x | as long as short |
| Binance PONSUSDT | +0.0622% | 4h | 0.5992 | +0.050% | $39.2M | $94.1M | 20x | as long as short |
| Extended PONS-USD | +0.0624% | 1h | 0.5996 | +0.123% | $108K | $808K | 5x | as long as short |
| MEXC PONS_USDT | +0.0628% | 4h | 0.5995 | +0.100% | $7.6M | $4.7M | 20x | as long as short |
| edgeX PONSUSDC | +0.0645% | 4h | 0.6036 | +0.788% | $18K | $292K | 10x | as long as short |
| Polymarket Perps PONS-USD | +0.0709% | 1h | 0.6002 | +0.225% | $71K | $1.6M | 3x | as long as short |
| KuCoin PONSUSDTM | +0.0754% | 4h | 0.5995 | +0.100% | $1.6M | $3.8M | 20x | as long as short |
| BloFin PONS-USDT | +0.0862% | 4h | 0.6001 | +0.200% | $1.7M | $956K | 20x | as long as short |
| BingX PONS-USDT | +0.0939% | 4h | 0.5992 | +0.050% | — | $3.0M | — | as long as short |
| Bybit PONSUSDT | +0.0968% | 4h | 0.5989 | 0.000% | $17.9M | $30.5M | 20x | as long as short |
| Pacifica PONS | +0.1081% | 1h | 0.6008 | +0.311% | $47K | $68K | 3x | as long as short |
| Gate PONS_USDT | +0.1302% | 4h | 0.5987 | −0.033% | $5.2M | $6.2M | 20x | as long as short |
| Phoenix PONS | +0.1586% | 1h | 0.6007 | +0.299% | $45K | $109K | 3x | as long as short |
Lighter RH PONS
Aevo PONS-PERP
Variational Omni PONS
Hyperliquid PONS
Aster PONSUSDT
Bitget PONSUSDT
Lighter PONS
Binance PONSUSDT
Extended PONS-USD
MEXC PONS_USDT
edgeX PONSUSDC
Polymarket Perps PONS-USD
KuCoin PONSUSDTM
BloFin PONS-USDT
BingX PONS-USDT
Bybit PONSUSDT
Pacifica PONS
Gate PONS_USDT
Phoenix PONS