PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0063%/8h= −6.9% APRnext payment −$0.08 per $10,000 · paid last 24h −0.020%

Price spread now: Injective against Popdex−1.036%46s7-day average — · you buy dearer than you sell

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

Long on Popdex Short on Injective

What this pair did over the last

the charts below follow

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

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 1.036% cheaper against Popdex than usual: you would sell low and buy high (−$104 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex PONSUSDT	0.6032	0.0096	pay 0.0012% / 1h	55m 51s	$20K	$423K	20x
Short	Injective PONS/USDC PERP	0.5969	0.0033	get 0.0004% / 1h	55m 51s	$614	$10K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Popdex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 PopdexbpFee InjectivebpOrdersPrice spread, now −1.036%Rate

Funding earned: −$13.16
Price spread: −1.036% → 0.000%: −$103.61
Slippage, 4 orders: no order book: not counted
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$123.19
Costs to cover: 0.064%
Break-even: never at this rate

Slippage unknown: Popdex: live order book, 8 min ago; Injective: 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 Popdex live order book, 8 min ago	5.44 bp	102.3 bp −$102	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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 29 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	−0.204%	$238K	—	150x	as long as short
Injective PONS/USDC PERPshort	+0.0033%	1h	0.5969	−1.036%	$614	$10K	5.5x
Popdex PONSUSDTlong	+0.0096%	1h	0.6032	long leg	$20K	$423K	20x
Variational Omni PONS	+0.0100%	4h	0.6029	−0.058%	$1.4M	$3.9M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6042	+0.167%	$33K	$351K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6027	−0.090%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6032	−0.005%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6029	−0.048%	$26K	$519K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6032	0.000%	$64K	$508K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6023	−0.149%	$1.6M	$3.2M	20x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH PONS	+0.0112%	1h	0.6012	−0.337%	$422K	$2.5M	3x	as long as short
Lighter PONS	+0.0120%	1h	0.6012	−0.333%	$1.7M	$871K	3x	as long as short
Aevo PONS-PERP	+0.0192%	1h	0.6018	−0.224%	$375	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0273%	4h	0.5997	−0.580%	$13.8M	$54.0M	20x	as long as short
KuCoin PONSUSDTM	+0.0332%	4h	0.6022	−0.167%	$1.7M	$3.6M	20x	as long as short
Bitget PONSUSDT	+0.0376%	4h	0.6014	−0.293%	$4.7M	$11.3M	20x	as long as short
Nado PONS-PERP	+0.0400%	1h	0.6028	−0.066%	$71K	$131K	5x	as long as short
Aster PONSUSDT	+0.0423%	4h	0.6011	−0.350%	$1.1M	$2.0M	20x	as long as short
Binance PONSUSDT	+0.0446%	4h	0.6009	−0.389%	$39.3M	$93.5M	20x	as long as short
Extended PONS-USD	+0.0448%	1h	0.6016	−0.273%	$249K	$670K	5x	as long as short
MEXC PONS_USDT	+0.0452%	4h	0.6019	−0.216%	$7.7M	$4.6M	20x	as long as short
edgeX PONSUSDC	+0.0459%	4h	0.6058	+0.423%	$21K	$293K	10x	as long as short
BingX PONS-USDT	+0.0506%	4h	0.6012	−0.332%	—	$3.0M	—	as long as short
Bybit PONSUSDT	+0.0508%	4h	0.5998	−0.564%	$17.9M	$30.3M	20x	as long as short
Hyperliquid PONS	+0.0681%	1h	0.6013	−0.318%	$61.3M	$27.8M	3x	as long as short
Polymarket Perps PONS-USD	+0.0694%	1h	0.6029	−0.043%	$48K	$1.5M	3x	as long as short
Pacifica PONS	+0.0755%	1h	0.6016	−0.265%	$47K	$72K	3x	as long as short
Gate PONS_USDT	+0.0812%	4h	0.6016	−0.265%	$5.3M	$6.1M	20x	as long as short
Phoenix PONS	+0.1695%	1h	0.6002	−0.499%	$31K	$98K	3x	as long as short