PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.022%

Price spread now: Injective against SoDEX+0.323%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 3 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

The price spread pays, funding is against you. Injective is 0.323% dearer against SoDEX than usual: you sell high and buy low (spread +0.323% now, against zero (this spread has no 7-day history yet)): +$32 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 16 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX PONS-USD	0.5950	0.0100	pay 0.0013% / 1h	30m 48s	$26K	$519K	3x
Short	Injective PONS/USDC PERP	0.5969	0.0033	get 0.0004% / 1h	30m 48s	$614	$10K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 SoDEXbpFee InjectivebpOrdersPrice spread, now +0.323%Rate

Funding earned: −$14
Price spread: +0.323% → 0.000%: $32.27
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $10.25
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SoDEX: live order book, 33 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 SoDEX live order book, 33 min ago	2.14 bp	66.4 bp −$66	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 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	0.5934	−0.269%	$235K	—	150x	as long as short
Injective PONS/USDC PERPshort	+0.0033%	1h	0.5969	+0.323%	$614	$10K	5.5x
Popdex PONSUSDT	+0.0096%	1h	0.5947	−0.055%	$16K	$429K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5958	+0.123%	$33K	$352K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5946	−0.069%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5944	−0.114%	—	$1.3M	10x	as long as short
SoDEX PONS-USDlong	+0.0100%	1h	0.5950	long leg	$26K	$519K	3x
HTX PONS-USDT	+0.0100%	4h	0.5936	−0.245%	$63K	$508K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5942	−0.139%	$1.6M	$3.2M	20x	as long as short
Variational Omni PONS	+0.0142%	4h	0.5942	−0.143%	$1.4M	$3.9M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH PONS	+0.0144%	1h	0.5947	−0.062%	$415K	$2.5M	3x	as long as short
Lighter PONS	+0.0176%	1h	0.5945	−0.086%	$1.6M	$875K	3x	as long as short
Gate PONS_USDT	+0.0182%	4h	0.5945	−0.089%	$5.2M	$6.2M	20x	as long as short
Nado PONS-PERP	+0.0190%	1h	0.5943	−0.125%	$70K	$129K	5x	as long as short
Aevo PONS-PERP	+0.0200%	1h	0.5941	−0.155%	$370	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0289%	4h	0.5942	−0.139%	$13.6M	$53.9M	20x	as long as short
KuCoin PONSUSDTM	+0.0388%	4h	0.5945	−0.084%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0390%	4h	0.5947	−0.059%	$4.6M	$11.3M	20x	as long as short
Aster PONSUSDT	+0.0396%	4h	0.5944	−0.109%	$1.1M	$2.1M	20x	as long as short
Extended PONS-USD	+0.0472%	1h	0.5943	−0.117%	$246K	$670K	5x	as long as short
MEXC PONS_USDT	+0.0472%	4h	0.5944	−0.106%	$7.5M	$4.7M	20x	as long as short
Binance PONSUSDT	+0.0473%	4h	0.5943	−0.123%	$38.9M	$93.9M	20x	as long as short
BingX PONS-USDT	+0.0478%	4h	0.5943	−0.123%	—	$3.0M	—	as long as short
edgeX PONSUSDC	+0.0491%	4h	0.5956	+0.103%	$18K	$293K	10x	as long as short
Bybit PONSUSDT	+0.0501%	4h	0.5941	−0.156%	$17.8M	$30.4M	20x	as long as short
Hyperliquid PONS	+0.0675%	1h	0.5954	+0.069%	$60.7M	$27.8M	3x	as long as short
BloFin PONS-USDT	+0.0713%	4h	0.5948	−0.039%	$1.7M	$947K	20x	as long as short
Pacifica PONS	+0.0755%	1h	0.5936	−0.244%	$47K	$72K	3x	as long as short
Polymarket Perps PONS-USD	+0.0807%	1h	0.5944	−0.099%	$48K	$1.6M	3x	as long as short
Phoenix PONS	+0.1639%	1h	0.5952	+0.029%	$31K	$98K	3x	as long as short