Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against Orderly−0.250%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.250% cheaper against Orderly than usual: you would sell low and buy high, −$25 on $10k if it 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 | Orderly PERP_PONS_USDC_mythos | 0.6080 | 0.0100 | pay 0.0050% / 4h | 15m 33s | $2K | $3K | 10x |
| Short | Phemex PONSUSDT | 0.6065 | 0.0100 | get 0.0050% / 4h | 15m 33s | $1.7M | $3.2M | 20x |
Orderly PERP_PONS_USDC_mythos
Phemex PONSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Orderly. 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
- $0
- Price spread: −0.250% → 0.000%
- −$25
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$43
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Phemex: live order book, 3 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 Phemex live order book, 3 min ago | 0.83 bp | 38.4 bp −$38 | doesn't fit | doesn't fit | 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 −0.0032% | 1h | 0.6060 | −0.325% | $241K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | −1.821% | $614 | $10K | 5.5x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6080 | −0.003% | $21K | $435K | 20x | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6079 | −0.026% | $35K | $345K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythoslong | +0.0100% | 4h | 0.6080 | long leg | $2K | $3K | 10x | |
| SunX PONS-USDT | +0.0100% | 4h | 0.6077 | −0.049% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.6075 | −0.086% | $26K | $534K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6094 | +0.227% | $66K | $512K | 20x | as long as short |
| Phemex PONSUSDTshort | +0.0100% | 4h | 0.6065 | −0.250% | $1.7M | $3.2M | 20x | |
| Aevo PONS-PERP | +0.0232% | 1h | 0.6078 | −0.036% | $379 | — | 3x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
ApeX Omni PONSUSDT
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Aevo PONS-PERPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni PONS | +0.0271% | 4h | 0.6073 | −0.111% | $1.4M | $3.9M | — | as long as short |
| Nado PONS-PERP | +0.0313% | 1h | 0.6076 | −0.069% | $71K | $129K | 5x | as long as short |
| OKX PONS-USDT-SWAP | +0.0339% | 4h | 0.6072 | −0.135% | $13.8M | $55.9M | 20x | as long as short |
| Gate PONS_USDT | +0.0430% | 4h | 0.6071 | −0.151% | $5.3M | $6.3M | 20x | as long as short |
| Lighter PONS | +0.0448% | 1h | 0.6075 | −0.086% | $1.7M | $885K | 3x | as long as short |
| Bitget PONSUSDT | +0.0484% | 4h | 0.6080 | +0.005% | $4.7M | $11.5M | 20x | as long as short |
| Bybit PONSUSDT | +0.0488% | 4h | 0.6074 | −0.102% | $18.1M | $30.8M | 20x | as long as short |
| Aster PONSUSDT | +0.0491% | 4h | 0.6075 | −0.085% | $1.1M | $2.1M | 20x | as long as short |
| Lighter RH PONS | +0.0544% | 1h | 0.6073 | −0.115% | $415K | $2.5M | 3x | as long as short |
| BingX PONS-USDT | +0.0578% | 4h | 0.6081 | +0.013% | — | $3.0M | — | as long as short |
| MEXC PONS_USDT | +0.0606% | 4h | 0.6079 | −0.020% | $7.7M | $4.7M | 20x | as long as short |
| Extended PONS-USD | +0.0608% | 1h | 0.6076 | −0.073% | $108K | $813K | 5x | as long as short |
| Binance PONSUSDT | +0.0614% | 4h | 0.6079 | −0.027% | $39.7M | $95.2M | 20x | as long as short |
| edgeX PONSUSDC | +0.0628% | 4h | 0.6077 | −0.052% | $18K | $294K | 10x | as long as short |
| KuCoin PONSUSDTM | +0.0684% | 4h | 0.6077 | −0.048% | $1.7M | $3.8M | 20x | as long as short |
| Hyperliquid PONS | +0.0821% | 1h | 0.6077 | −0.049% | $62.1M | $28.3M | 3x | as long as short |
| BloFin PONS-USDT | +0.0847% | 4h | 0.6080 | −0.003% | $1.7M | $965K | 20x | as long as short |
| Pacifica PONS | +0.0859% | 1h | 0.6075 | −0.078% | $48K | $67K | 3x | as long as short |
| Polymarket Perps PONS-USD | +0.0897% | 1h | 0.6075 | −0.087% | $73K | $1.6M | 3x | as long as short |
| Phoenix PONS | +0.1736% | 1h | 0.6074 | −0.100% | $31K | $104K | 3x | as long as short |
Variational Omni PONS
Nado PONS-PERP
OKX PONS-USDT-SWAP
Gate PONS_USDT
Lighter PONS
Bitget PONSUSDT
Bybit PONSUSDT
Aster PONSUSDT
Lighter RH PONS
BingX PONS-USDT
MEXC PONS_USDT
Extended PONS-USD
Binance PONSUSDT
edgeX PONSUSDC
KuCoin PONSUSDTM
Hyperliquid PONS
BloFin PONS-USDT
Pacifica PONS
Polymarket Perps PONS-USD
Phoenix PONS