Funding you earn now, next payment 00:00 UTC−0.1440%/8h= −157.7% APRnext payment −$1.80 per $10,000 · paid last 24h −0.363%
Price spread now: Aevo against Phoenix−0.099%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
Both sides work against this trade now: funding costs −$43 a day on $10k at the current rate, and Aevo is 0.099% cheaper against Phoenix than usual: you would sell low and buy high (−$10 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 | Phoenix PONS | 0.6083 | 0.1608 | pay 0.0201% / 1h | 34m 50s | $31K | $113K | 3x |
| Short | Aevo PONS-PERP | 0.6078 | 0.0168 | get 0.0021% / 1h | 34m 50s | $379 | — | 3x |
Phoenix PONS
Aevo PONS-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against Phoenix. 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
- −$302.39
- Price spread: −0.099% → 0.000%
- −$9.86
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$335.25
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 13 min ago; Aevo: 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 Phoenix live order book, 13 min ago | 3.14 bp | 15.7 bp −$16 | 48.9 bp −$489 | doesn't fit | doesn't fit |
| Sell Aevo no order-book sample | — | — | — | — | — |
Aevo: 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 | 0.6068 | −0.257% | $240K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | −1.874% | $614 | $10K | 5.5x | as long as short |
| Lighter RH PONS | +0.0096% | 1h | 0.6077 | −0.107% | $431K | $2.6M | 3x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6077 | −0.107% | $20K | $416K | 20x | as long as short |
| Variational Omni PONS | +0.0100% | 4h | 0.6077 | −0.106% | $1.4M | $4.2M | — | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6090 | +0.100% | $33K | $359K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6083 | −0.013% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.6079 | −0.074% | — | $1.4M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.6076 | −0.132% | $28K | $552K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6091 | +0.127% | $65K | $510K | 20x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Lighter RH PONS
Popdex PONSUSDT
Variational Omni PONS
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex PONSUSDT | +0.0100% | 4h | 0.6078 | −0.090% | $1.7M | $3.2M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.0135% | 4h | 0.6074 | −0.156% | $13.8M | $57.0M | 20x | as long as short |
| Aevo PONS-PERPshort | +0.0168% | 1h | 0.6078 | −0.099% | $379 | — | 3x | |
| KuCoin PONSUSDTM | +0.0170% | 4h | 0.6072 | −0.182% | $1.8M | $3.7M | 20x | as long as short |
| Bitget PONSUSDT | +0.0218% | 4h | 0.6075 | −0.143% | $4.7M | $11.5M | 20x | as long as short |
| Aster PONSUSDT | +0.0233% | 4h | 0.6075 | −0.143% | $1.1M | $2.2M | 20x | as long as short |
| MEXC PONS_USDT | +0.0336% | 4h | 0.6075 | −0.140% | $7.9M | $4.8M | 20x | as long as short |
| Binance PONSUSDT | +0.0342% | 4h | 0.6074 | −0.153% | $39.8M | $97.0M | 20x | as long as short |
| Extended PONS-USD | +0.0344% | 1h | 0.6072 | −0.193% | $252K | $683K | 5x | as long as short |
| edgeX PONSUSDC | +0.0350% | 4h | 0.6084 | +0.008% | $21K | $293K | 10x | as long as short |
| Lighter PONS | +0.0432% | 1h | 0.6077 | −0.104% | $1.7M | $896K | 3x | as long as short |
| BloFin PONS-USDT | +0.0583% | 4h | 0.6080 | −0.058% | $1.7M | $1.0M | 20x | as long as short |
| Nado PONS-PERP | +0.0594% | 1h | 0.6075 | −0.140% | $105K | $115K | 5x | as long as short |
| BingX PONS-USDT | +0.0628% | 4h | 0.6076 | −0.123% | — | $3.1M | — | as long as short |
| Pacifica PONS | +0.0665% | 1h | 0.6076 | −0.120% | $48K | $87K | 3x | as long as short |
| Bybit PONSUSDT | +0.0674% | 4h | 0.6072 | −0.189% | $18.2M | $31.0M | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.0745% | 1h | 0.6076 | −0.128% | $44K | $1.6M | 3x | as long as short |
| Gate PONS_USDT | +0.0768% | 4h | 0.6070 | −0.222% | $5.3M | $6.2M | 20x | as long as short |
| Hyperliquid PONS | +0.0911% | 1h | 0.6077 | −0.100% | $61.8M | $29.2M | 3x | as long as short |
| Phoenix PONSlong | +0.1608% | 1h | 0.6083 | long leg | $31K | $113K | 3x |
Phemex PONSUSDT
OKX PONS-USDT-SWAP
KuCoin PONSUSDTM
Bitget PONSUSDT
Aster PONSUSDT
MEXC PONS_USDT
Binance PONSUSDT
Extended PONS-USD
edgeX PONSUSDC
Lighter PONS
BloFin PONS-USDT
Nado PONS-PERP
BingX PONS-USDT
Pacifica PONS
Bybit PONSUSDT
Polymarket Perps PONS-USD
Gate PONS_USDT
Hyperliquid PONS