PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: Popdex against SoDEX+0.042%7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$342as in the Price arb table

costs, in and out, $10k−$3453.449% of the position

Long on SoDEX Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.213%−$21 · spread now +0.042%, 7d avg +0.011%

Together, before fees−0.217%−$22 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Popdex is 0.032% dearer against SoDEX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX PONS-USD	0.5890	0.0100	pay 0.0013% / 1h	53m 41s	$25K	$589K	3x
Short	Popdex PONSUSDT	0.5893	0.0096	get 0.0012% / 1h	53m 41s	$21K	$421K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now +0.042%Rate

Funding earned: −$0.84
Price spread: +0.042% → +0.011%: $3.19
Slippage, 4 orders: −$330.53
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$342.59
Costs to cover: 3.449%
Break-even: never at this rate

Slippage from SoDEX: live order book, 55 min ago; Popdex: live order book, 55 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 SoDEX live order book, 55 min ago	2.52 bp	66.0 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell Popdex live order book, 55 min ago	7.57 bp	127.6 bp −$128	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
gTrade (Gains Network) PONS/USD	L +0.0033% / S −0.0032%	1h	0.5886	−0.081%	$234K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+1.341%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5891	+0.007%	$405K	$2.5M	3x	as long as short
Popdex PONSUSDTshort	+0.0096%	1h	0.5893	+0.042%	$21K	$421K	20x
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5898	+0.136%	$2K	$3K	10x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5894	+0.059%	$69K	$131K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5896	+0.088%	$29K	$329K	5x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5894	+0.059%	—	$1.3M	10x	as long as short
SoDEX PONS-USDlong	+0.0100%	1h	0.5890	long leg	$25K	$589K	3x
HTX PONS-USDT	+0.0100%	4h	0.5910	+0.324%	$64K	$525K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex PONSUSDT	+0.0100%	4h	0.5888	−0.042%	$1.6M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0224%	1h	0.5892	+0.025%	$367	—	3x	as long as short
Gate PONS_USDT	+0.0246%	4h	0.5892	+0.025%	$5.2M	$6.3M	20x	as long as short
Hyperliquid PONS	+0.0335%	1h	0.5894	+0.061%	$59.9M	$29.5M	3x	as long as short
Polymarket Perps PONS-USD	+0.0419%	1h	0.5892	+0.020%	$91K	$1.9M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0421%	4h	0.5888	−0.042%	$13.3M	$55.5M	20x	as long as short
Aster PONSUSDT	+0.0465%	4h	0.5891	+0.013%	$1.1M	$2.2M	20x	as long as short
Pacifica PONS	+0.0556%	1h	0.5893	+0.035%	$45K	$69K	3x	as long as short
Extended PONS-USD	+0.0568%	1h	0.5891	+0.013%	$101K	$811K	5x	as long as short
MEXC PONS_USDT	+0.0570%	4h	0.5891	+0.008%	$7.5M	$4.7M	20x	as long as short
Binance PONSUSDT	+0.0571%	4h	0.5892	+0.025%	$37.0M	$98.6M	20x	as long as short
edgeX PONSUSDC	+0.0592%	4h	0.5904	+0.228%	$20K	$294K	10x	as long as short
Bitget PONSUSDT	+0.0652%	4h	0.5896	+0.093%	$4.6M	$12.2M	20x	as long as short
Variational Omni PONS	+0.0661%	4h	0.5894	+0.059%	$1.4M	$4.1M	—	as long as short
KuCoin PONSUSDTM	+0.0678%	4h	0.5893	+0.041%	$1.6M	$3.8M	20x	as long as short
BloFin PONS-USDT	+0.0811%	4h	0.5908	+0.297%	$1.7M	$957K	20x	as long as short
Lighter PONS	+0.0824%	1h	0.5897	+0.117%	$1.6M	$828K	3x	as long as short
BingX PONS-USDT	+0.0882%	4h	0.5891	+0.008%	—	$3.0M	—	as long as short
Bybit PONSUSDT	+0.0893%	4h	0.5890	−0.008%	$17.5M	$31.5M	20x	as long as short
Phoenix PONS	+0.1719%	1h	0.5906	+0.263%	$45K	$127K	3x	as long as short