Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%
Price spread now: SoDEX against Popdex−0.028%7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$298as in the Price arb table
costs, in and out, $10k−$2972.965% of the position
Funding, last 3 days (all we have)+0.004%$0 on $10k
+Price spread, last 3 days (all we have)+0.198%+$20 · spread now −0.028%, 7d avg −0.012%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Popdex PONSUSDT | 0.6114 | 0.0096 | pay 0.0012% / 1h | 40m 09s | $20K | $444K | 20x |
| Short | SoDEX PONS-USD | 0.6112 | 0.0100 | get 0.0013% / 1h | 40m 09s | $28K | $546K | 3x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX against Popdex. 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: −0.028% → −0.012%
- −$1.6
- Slippage, 4 orders
- −$282.11
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$297.27
- Costs to cover
- 2.965%
- Break-even
- 2484.3 days
Slippage from Popdex: live order book, 39 min ago; SoDEX: live order book, 38 min ago.
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, 39 min ago | 10.77 bp | 85.9 bp −$86 | doesn't fit | doesn't fit | doesn't fit |
| Sell SoDEX live order book, 38 min ago | 1.67 bp | 59.1 bp −$59 | doesn't fit | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −0.0047% | 1h | 0.5969 | −2.363% | $614 | $10K | 5.5x | as long as short |
| gTrade (Gains Network) PONS/USD | L +0.0033% / S −0.0034% | 1h | 0.6103 | −0.181% | $236K | — | 150x | as long as short |
| Popdex PONSUSDTlong | +0.0096% | 1h | 0.6114 | long leg | $20K | $444K | 20x | |
| Nado PONS-PERP | +0.0100% | 1h | 0.6114 | 0.000% | $86K | $107K | 5x | as long as short |
| Bybit PONSUSDT | +0.0100% | 4h | 0.6107 | −0.114% | $18.4M | $31.6M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.0100% | 4h | 0.6108 | −0.098% | $13.9M | $57.9M | 20x | as long as short |
| Variational Omni PONS | +0.0100% | 4h | 0.6121 | +0.110% | $1.4M | $4.2M | — | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6124 | +0.167% | $33K | $360K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6121 | +0.118% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.6117 | +0.047% | — | $1.4M | 10x | as long as short |
Show all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX PONS-USDshort | +0.0100% | 1h | 0.6112 | −0.028% | $28K | $546K | 3x | |
| HTX PONS-USDT | +0.0100% | 4h | 0.6133 | +0.317% | $65K | $508K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.6108 | −0.098% | $1.7M | $3.3M | 20x | as long as short |
| Lighter RH PONS | +0.0104% | 1h | 0.6113 | −0.008% | $429K | $2.6M | 3x | as long as short |
| KuCoin PONSUSDTM | +0.0130% | 4h | 0.6108 | −0.096% | $1.8M | $3.7M | 20x | as long as short |
| Bitget PONSUSDT | +0.0134% | 4h | 0.6112 | −0.034% | $4.8M | $11.7M | 20x | as long as short |
| Aevo PONS-PERP | +0.0152% | 1h | 0.6116 | +0.025% | $381 | — | 3x | as long as short |
| Aster PONSUSDT | +0.0180% | 4h | 0.6113 | −0.014% | $1.1M | $2.2M | 20x | as long as short |
| Lighter PONS | +0.0256% | 1h | 0.6114 | +0.002% | $1.7M | $921K | 3x | as long as short |
| MEXC PONS_USDT | +0.0292% | 4h | 0.6113 | −0.016% | $8.1M | $4.8M | 20x | as long as short |
| BingX PONS-USDT | +0.0296% | 4h | 0.6111 | −0.049% | — | $3.1M | — | as long as short |
| Binance PONSUSDT | +0.0301% | 4h | 0.6111 | −0.049% | $39.9M | $98.8M | 20x | as long as short |
| Extended PONS-USD | +0.0304% | 1h | 0.6112 | −0.026% | $253K | $682K | 5x | as long as short |
| edgeX PONSUSDC | +0.0306% | 4h | 0.6124 | +0.162% | $21K | $294K | 10x | as long as short |
| BloFin PONS-USDT | +0.0534% | 4h | 0.6124 | +0.164% | $1.8M | $1.0M | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.0712% | 1h | 0.6113 | −0.013% | $42K | $1.7M | 3x | as long as short |
| Pacifica PONS | +0.0899% | 1h | 0.6111 | −0.046% | $48K | $96K | 3x | as long as short |
| Hyperliquid PONS | +0.0955% | 1h | 0.6112 | −0.036% | $62.1M | $30.8M | 3x | as long as short |
| Phoenix PONS | +0.1307% | 1h | 0.6125 | +0.177% | $31K | $102K | 3x | as long as short |
| Gate PONS_USDT | +0.2142% | 4h | 0.6110 | −0.065% | $5.4M | $6.3M | 20x | as long as short |
Popdex PONSUSDT
SoDEX PONS-USD
Injective PONS/USDC PERP
gTrade (Gains Network) PONS/USD
Bybit PONSUSDT
OKX PONS-USDT-SWAP
Variational Omni PONS
ApeX Omni PONSUSDT
SunX PONS-USDT
HTX PONS-USDT
Phemex PONSUSDT
Lighter RH PONS
KuCoin PONSUSDTM
Bitget PONSUSDT
Aster PONSUSDT
Lighter PONS
MEXC PONS_USDT
BingX PONS-USDT
Binance PONSUSDT
Extended PONS-USD
edgeX PONSUSDC
BloFin PONS-USDT
Polymarket Perps PONS-USD
Pacifica PONS
Hyperliquid PONS
Phoenix PONS
Gate PONS_USDT