PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0284%/8h= +31.1% APRnext payment +$1.42 per $10,000 · paid last 24h +0.129%

Price spread now: BingX against Orderly−0.136%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on BingX

What this pair did over the last

the charts below follow

Funding, last 5 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

Funding pays, the price is against you. BingX is 0.136% cheaper against Orderly than usual: you would sell low and buy high (spread −0.136% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 38 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_PONS_USDC_mythos	0.6037	0.0100	pay 0.0050% / 4h	2h 48m	$2K	$3K	10x
Short	BingX PONS-USDT	0.6029	0.0384	get 0.0192% / 4h	2h 48m	—	$3.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Orderly. 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 OrderlybpFee BingXbpOrdersPrice spread, now −0.136%Rate

Funding earned: $59.64
Price spread: −0.136% → 0.000%: −$13.58
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee BingX: 5 bp × 2 orders: −$10
Net: $30.06
Costs to cover: 0.160%
Break-even: 3.5 days

Slippage unknown: Orderly: no order-book sample; BingX: live order book, 2 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 Orderly no order-book sample	—	—	—	—	—
Sell BingX live order book, 2 min ago	1.65 bp	10.6 bp −$11	38.2 bp −$382	164.7 bp −$16.5K	doesn't fit

Orderly: 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 −0.0033%	1h	0.6020	−0.277%	$238K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.121%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6029	−0.136%	$18K	$422K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6048	+0.172%	$1.4M	$4.1M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6051	+0.234%	$33K	$353K	5x	as long as short
Orderly PERP_PONS_USDC_mythoslong	+0.0100%	4h	0.6037	long leg	$2K	$3K	10x
SunX PONS-USDT	+0.0100%	4h	0.6041	+0.063%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6030	−0.119%	$26K	$530K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6073	+0.586%	$65K	$509K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6063	+0.427%	$1.7M	$3.2M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo PONS-PERP	+0.0184%	1h	0.6036	−0.022%	$376	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0218%	4h	0.6030	−0.119%	$13.8M	$55.6M	20x	as long as short
KuCoin PONSUSDTM	+0.0222%	4h	0.6028	−0.161%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0296%	4h	0.6033	−0.076%	$4.7M	$11.3M	20x	as long as short
Bybit PONSUSDT	+0.0303%	4h	0.6028	−0.152%	$18.1M	$30.8M	20x	as long as short
Aster PONSUSDT	+0.0355%	4h	0.6036	−0.015%	$1.1M	$2.0M	20x	as long as short
edgeX PONSUSDC	+0.0379%	4h	0.6027	−0.176%	$21K	$292K	10x	as long as short
BingX PONS-USDTshort	+0.0384%	4h	0.6029	−0.136%	—	$3.0M	—
Nado PONS-PERP	+0.0392%	1h	0.6031	−0.110%	$71K	$132K	5x	as long as short
MEXC PONS_USDT	+0.0404%	4h	0.6026	−0.186%	$7.8M	$4.7M	20x	as long as short
Extended PONS-USD	+0.0408%	1h	0.6029	−0.128%	$250K	$682K	5x	as long as short
Binance PONSUSDT	+0.0410%	4h	0.6034	−0.056%	$39.6M	$96.0M	20x	as long as short
Lighter RH PONS	+0.0488%	1h	0.6058	+0.349%	$422K	$2.5M	3x	as long as short
Lighter PONS	+0.0528%	1h	0.6058	+0.353%	$1.7M	$882K	3x	as long as short
BloFin PONS-USDT	+0.0646%	4h	0.6065	+0.460%	$1.8M	$984K	20x	as long as short
Hyperliquid PONS	+0.0719%	1h	0.6025	−0.202%	$61.3M	$28.7M	3x	as long as short
Polymarket Perps PONS-USD	+0.0790%	1h	0.6028	−0.154%	$46K	$1.6M	3x	as long as short
Gate PONS_USDT	+0.0804%	4h	0.6027	−0.169%	$5.3M	$6.1M	20x	as long as short
Pacifica PONS	+0.0869%	1h	0.6046	+0.146%	$48K	$75K	3x	as long as short
Phoenix PONS	+0.1695%	1h	0.6064	+0.444%	$31K	$107K	3x	as long as short