Funding you earn now, next payment 22:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h −0.027%
Price spread now: Phemex against Aevo−0.060%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 −$1 a day on $10k at the current rate, and Phemex is 0.060% cheaper against Aevo than usual: you would sell low and buy high (−$6 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 | Aevo PONS-PERP | 0.5868 | 0.0120 | pay 0.0015% / 1h | 4m 45s | $366 | — | 3x |
| Short | Phemex PONSUSDT | 0.5865 | 0.0100 | get 0.0050% / 4h | 2h 04m | $1.6M | $3.3M | 20x |
Aevo PONS-PERP
Phemex PONSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Aevo. 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
- −$4.2
- Price spread: −0.060% → 0.000%
- −$5.96
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$38.16
- Costs to cover
- 0.280%
- Break-even
- never at this rate
Slippage unknown: Aevo: no order-book sample; Phemex: live order book, 4 min ago. 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 Aevo no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 4 min ago | 4.25 bp | 37.2 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
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 +0.0032% / S −0.0034% | 1h | 0.5861 | −0.122% | $215K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0066% | 1h | 0.5920 | +0.871% | $609 | $6K | 5.5x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.5869 | +0.009% | $21K | $442K | 20x | as long as short |
| Bybit PONSUSDT | +0.0100% | 4h | 0.5864 | −0.077% | $17.5M | $31.9M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.0100% | 4h | 0.5866 | −0.043% | $13.3M | $55.8M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0100% | 4h | 0.5865 | −0.066% | $1.7M | $3.7M | 20x | as long as short |
| Bitget PONSUSDT | +0.0100% | 4h | 0.5868 | −0.015% | $4.6M | $11.7M | 20x | as long as short |
| Variational Omni PONS | +0.0100% | 4h | 0.5857 | −0.192% | $1.3M | $4.3M | — | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.5874 | +0.094% | $34K | $338K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.5875 | +0.104% | $2K | $3K | 10x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
Bybit PONSUSDT
OKX PONS-USDT-SWAP
KuCoin PONSUSDTM
Bitget PONSUSDT
Variational Omni PONS
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythosShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX PONS-USDT | +0.0100% | 4h | 0.5871 | +0.039% | — | $1.4M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.5865 | −0.056% | $27K | $548K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.5875 | +0.104% | $63K | $505K | 20x | as long as short |
| Phemex PONSUSDTshort | +0.0100% | 4h | 0.5865 | −0.060% | $1.6M | $3.3M | 20x | |
| Aevo PONS-PERPlong | +0.0120% | 1h | 0.5868 | long leg | $366 | — | 3x | |
| Nado PONS-PERP | +0.0128% | 1h | 0.5870 | +0.026% | $89K | $103K | 5x | as long as short |
| Aster PONSUSDT | +0.0149% | 4h | 0.5862 | −0.108% | $1.1M | $2.2M | 20x | as long as short |
| Binance PONSUSDT | +0.0164% | 4h | 0.5870 | +0.021% | $38.1M | $98.3M | 20x | as long as short |
| MEXC PONS_USDT | +0.0166% | 4h | 0.5869 | +0.009% | $7.5M | $5.2M | 20x | as long as short |
| Extended PONS-USD | +0.0168% | 1h | 0.5868 | −0.010% | $105K | $533K | 5x | as long as short |
| BingX PONS-USDT | +0.0172% | 4h | 0.5867 | −0.026% | — | $3.1M | — | as long as short |
| edgeX PONSUSDC | +0.0173% | 4h | 0.5886 | +0.306% | $21K | $292K | 10x | as long as short |
| Polymarket Perps PONS-USD | +0.0373% | 1h | 0.5869 | +0.002% | $37K | $1.8M | 3x | as long as short |
| BloFin PONS-USDT | +0.0404% | 4h | 0.5863 | −0.094% | $1.7M | $960K | 20x | as long as short |
| Pacifica PONS | +0.0474% | 1h | 0.5866 | −0.035% | $47K | $103K | 3x | as long as short |
| Lighter RH PONS | +0.0480% | 1h | 0.5867 | −0.027% | $415K | $2.6M | 3x | as long as short |
| Hyperliquid PONS | +0.0519% | 1h | 0.5872 | +0.055% | $58.9M | $30.0M | 3x | as long as short |
| Gate PONS_USDT | +0.0706% | 4h | 0.5863 | −0.094% | $5.1M | $6.8M | 20x | as long as short |
| Lighter PONS | +0.0944% | 1h | 0.5872 | +0.055% | $1.7M | $900K | 3x | as long as short |
| Phoenix PONS | +0.1275% | 1h | 0.5870 | +0.029% | $30K | $86K | 3x | as long as short |
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Nado PONS-PERP
Aster PONSUSDT
Binance PONSUSDT
MEXC PONS_USDT
Extended PONS-USD
BingX PONS-USDT
edgeX PONSUSDC
Polymarket Perps PONS-USD
BloFin PONS-USDT
Pacifica PONS
Lighter RH PONS
Hyperliquid PONS
Gate PONS_USDT
Lighter PONS
Phoenix PONS