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: Orderly against Phemex+0.251%7-day average — · you sell dearer than you buy
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: Orderly is 0.251% dearer against Phemex than usual: you sell high and buy low, +$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 | Phemex PONSUSDT | 0.6065 | 0.0100 | pay 0.0050% / 4h | 15m 50s | $1.7M | $3.2M | 20x |
| Short | Orderly PERP_PONS_USDC_mythos | 0.6080 | 0.0100 | get 0.0050% / 4h | 15m 50s | $2K | $3K | 10x |
Phemex PONSUSDT
Orderly PERP_PONS_USDC_mythosFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Phemex. 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: +0.251% → 0.000%
- $25.06
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $7.06
- Costs to cover
- 0.180%
- Break-even
- from the start
Slippage unknown: Phemex: live order book, 3 min ago; Orderly: 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 Phemex live order book, 3 min ago | 0.83 bp | 42.9 bp −$43 | doesn't fit | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
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 | −0.076% | $241K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | −1.575% | $614 | $10K | 5.5x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6074 | +0.148% | $21K | $435K | 20x | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6054 | −0.186% | $35K | $348K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythosshort | +0.0100% | 4h | 0.6080 | +0.251% | $2K | $3K | 10x | |
| SunX PONS-USDT | +0.0100% | 4h | 0.6077 | +0.201% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.6075 | +0.165% | $26K | $534K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6094 | +0.478% | $66K | $512K | 20x | as long as short |
| Phemex PONSUSDTlong | +0.0100% | 4h | 0.6065 | long leg | $1.7M | $3.2M | 20x | |
| Aevo PONS-PERP | +0.0232% | 1h | 0.6078 | +0.214% | $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 | +0.139% | $1.4M | $3.9M | — | as long as short |
| Nado PONS-PERP | +0.0307% | 1h | 0.6074 | +0.148% | $71K | $129K | 5x | as long as short |
| OKX PONS-USDT-SWAP | +0.0339% | 4h | 0.6076 | +0.181% | $13.8M | $55.9M | 20x | as long as short |
| Gate PONS_USDT | +0.0382% | 4h | 0.6065 | 0.000% | $5.3M | $6.3M | 20x | as long as short |
| Lighter PONS | +0.0448% | 1h | 0.6075 | +0.165% | $1.7M | $885K | 3x | as long as short |
| Bitget PONSUSDT | +0.0482% | 4h | 0.6076 | +0.173% | $4.7M | $11.5M | 20x | as long as short |
| Bybit PONSUSDT | +0.0483% | 4h | 0.6077 | +0.198% | $18.1M | $30.8M | 20x | as long as short |
| Aster PONSUSDT | +0.0491% | 4h | 0.6069 | +0.073% | $1.1M | $2.1M | 20x | as long as short |
| Lighter RH PONS | +0.0544% | 1h | 0.6073 | +0.135% | $415K | $2.5M | 3x | as long as short |
| BingX PONS-USDT | +0.0578% | 4h | 0.6078 | +0.214% | — | $3.0M | — | as long as short |
| MEXC PONS_USDT | +0.0606% | 4h | 0.6070 | +0.082% | $7.7M | $4.7M | 20x | as long as short |
| Extended PONS-USD | +0.0608% | 1h | 0.6068 | +0.047% | $108K | $813K | 5x | as long as short |
| edgeX PONSUSDC | +0.0613% | 4h | 0.6064 | −0.021% | $18K | $293K | 10x | as long as short |
| Binance PONSUSDT | +0.0614% | 4h | 0.6078 | +0.209% | $39.7M | $95.2M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0676% | 4h | 0.6074 | +0.152% | $1.7M | $3.8M | 20x | as long as short |
| Hyperliquid PONS | +0.0821% | 1h | 0.6077 | +0.201% | $62.1M | $28.3M | 3x | as long as short |
| BloFin PONS-USDT | +0.0847% | 4h | 0.6080 | +0.247% | $1.7M | $965K | 20x | as long as short |
| Pacifica PONS | +0.0859% | 1h | 0.6075 | +0.172% | $48K | $67K | 3x | as long as short |
| Polymarket Perps PONS-USD | +0.0897% | 1h | 0.6075 | +0.163% | $73K | $1.6M | 3x | as long as short |
| Phoenix PONS | +0.1736% | 1h | 0.6074 | +0.150% | $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
edgeX PONSUSDC
Binance PONSUSDT
KuCoin PONSUSDTM
Hyperliquid PONS
BloFin PONS-USDT
Pacifica PONS
Polymarket Perps PONS-USD
Phoenix PONS