Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Popdex against Orderly−0.192%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
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Popdex is 0.192% cheaper against Orderly than usual: you would sell low and buy high, −$19 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 | 0.5980 | 0.0100 | pay 0.0050% / 4h | 3h 22m | $2K | $3K | 10x |
| Short | Popdex PONSUSDT | 0.5969 | 0.0096 | get 0.0012% / 1h | 22m 03s | $21K | $417K | 20x |
Orderly PERP_PONS_USDC_mythos
Popdex PONSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex 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
- −$0.84
- Price spread: −0.192% → 0.000%
- −$19.23
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$32.47
- Costs to cover
- 0.124%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Popdex: 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Popdex live order book, 32 min ago | 6.36 bp | 121.8 bp −$122 | 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 | 0.5965 | −0.252% | $237K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | −0.184% | $614 | $10K | 5.5x | as long as short |
| Popdex PONSUSDTshort | +0.0096% | 1h | 0.5969 | −0.192% | $21K | $417K | 20x | |
| Nado PONS-PERP | +0.0100% | 1h | 0.5975 | −0.086% | $70K | $130K | 5x | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6027 | +0.773% | $35K | $342K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythoslong | +0.0100% | 4h | 0.5980 | long leg | $2K | $3K | 10x | |
| SunX PONS-USDT | +0.0100% | 4h | 0.5978 | −0.048% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.5972 | −0.142% | $26K | $534K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.5986 | +0.087% | $65K | $512K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.5971 | −0.159% | $1.6M | $3.2M | 20x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Nado PONS-PERP
ApeX Omni PONSUSDT
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 | +0.0128% | 1h | 0.5973 | −0.127% | $407K | $2.6M | 3x | as long as short |
| Aevo PONS-PERP | +0.0240% | 1h | 0.5975 | −0.100% | $372 | — | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.0365% | 4h | 0.5968 | −0.209% | $13.6M | $54.6M | 20x | as long as short |
| Variational Omni PONS | +0.0441% | 4h | 0.6020 | +0.667% | $1.5M | $3.9M | — | as long as short |
| Hyperliquid PONS | +0.0473% | 1h | 0.5971 | −0.152% | $61.0M | $28.0M | 3x | as long as short |
| Aster PONSUSDT | +0.0522% | 4h | 0.5971 | −0.154% | $1.1M | $2.1M | 20x | as long as short |
| Bitget PONSUSDT | +0.0536% | 4h | 0.5973 | −0.120% | $4.6M | $11.5M | 20x | as long as short |
| Lighter PONS | +0.0544% | 1h | 0.5976 | −0.075% | $1.6M | $893K | 3x | as long as short |
| MEXC PONS_USDT | +0.0620% | 4h | 0.5973 | −0.125% | $7.5M | $4.7M | 20x | as long as short |
| Binance PONSUSDT | +0.0622% | 4h | 0.5969 | −0.191% | $39.1M | $94.1M | 20x | as long as short |
| Extended PONS-USD | +0.0624% | 1h | 0.5971 | −0.160% | $107K | $809K | 5x | as long as short |
| edgeX PONSUSDC | +0.0645% | 4h | 0.6036 | +0.931% | $18K | $292K | 10x | as long as short |
| Polymarket Perps PONS-USD | +0.0705% | 1h | 0.5971 | −0.156% | $71K | $1.6M | 3x | as long as short |
| KuCoin PONSUSDTM | +0.0758% | 4h | 0.5972 | −0.144% | $1.6M | $3.8M | 20x | as long as short |
| BloFin PONS-USDT | +0.0862% | 4h | 0.6001 | +0.343% | $1.7M | $956K | 20x | as long as short |
| BingX PONS-USDT | +0.0920% | 4h | 0.5977 | −0.059% | — | $3.0M | — | as long as short |
| Bybit PONSUSDT | +0.0926% | 4h | 0.5969 | −0.192% | $17.9M | $30.5M | 20x | as long as short |
| Pacifica PONS | +0.1081% | 1h | 0.5981 | +0.007% | $47K | $68K | 3x | as long as short |
| Gate PONS_USDT | +0.1164% | 4h | 0.5974 | −0.109% | $5.2M | $6.2M | 20x | as long as short |
| Phoenix PONS | +0.1586% | 1h | 0.6007 | +0.441% | $45K | $109K | 3x | as long as short |
Lighter RH PONS
Aevo PONS-PERP
OKX PONS-USDT-SWAP
Variational Omni PONS
Hyperliquid PONS
Aster PONSUSDT
Bitget PONSUSDT
Lighter PONS
MEXC PONS_USDT
Binance PONSUSDT
Extended PONS-USD
edgeX PONSUSDC
Polymarket Perps PONS-USD
KuCoin PONSUSDTM
BloFin PONS-USDT
BingX PONS-USDT
Bybit PONSUSDT
Pacifica PONS
Gate PONS_USDT
Phoenix PONS