PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.020%

Price spread now: Injective against ApeX Omni−1.674%7-day average — · you buy dearer than you sell

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

Long on ApeX Omni 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 1.674% cheaper against ApeX Omni than usual: you would sell low and buy high (−$167 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	ApeX Omni PONSUSDT	0.6071	0.0100	pay 0.0013% / 1h	55m 22s	$33K	$357K	5x
Short	Injective PONS/USDC PERP	0.5969	0.0033	get 0.0004% / 1h	55m 22s	$614	$10K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against ApeX Omni. 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 ApeX OmnibpFee InjectivebpOrdersPrice spread, now −1.674%Rate

Funding earned: −$14
Price spread: −1.674% → 0.000%: −$167.35
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$191.37
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 17 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 ApeX Omni live order book, 17 min ago	46.45 bp	58.8 bp −$59	138.2 bp −$1,382	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
Gate PONS_USDT	−0.1104%	4h	0.6039	−0.529%	$5.3M	$6.1M	20x	as long as short
gTrade (Gains Network) PONS/USD	L +0.0033% / S −0.0033%	1h	0.6041	−0.496%	$239K	—	150x	as long as short
Injective PONS/USDC PERPshort	+0.0033%	1h	0.5969	−1.674%	$614	$10K	5.5x
Lighter RH PONS	+0.0096%	1h	0.6058	−0.209%	$423K	$2.5M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6051	−0.331%	$20K	$417K	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.6041	−0.496%	$13.7M	$57.2M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6066	−0.089%	$1.4M	$4.2M	—	as long as short
ApeX Omni PONSUSDTlong	+0.0100%	1h	0.6071	long leg	$33K	$357K	5x
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6052	−0.316%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6054	−0.290%	—	$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-USD	+0.0100%	1h	0.6046	−0.422%	$27K	$548K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6079	+0.130%	$65K	$510K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6068	−0.051%	$1.7M	$3.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0150%	4h	0.6044	−0.446%	$1.7M	$3.8M	20x	as long as short
Aevo PONS-PERP	+0.0160%	1h	0.6053	−0.303%	$377	—	3x	as long as short
Aster PONSUSDT	+0.0160%	4h	0.6046	−0.407%	$1.1M	$2.2M	20x	as long as short
Bitget PONSUSDT	+0.0186%	4h	0.6046	−0.420%	$4.7M	$11.7M	20x	as long as short
Lighter PONS	+0.0200%	1h	0.6058	−0.216%	$1.7M	$894K	3x	as long as short
Binance PONSUSDT	+0.0302%	4h	0.6050	−0.339%	$39.6M	$97.9M	20x	as long as short
MEXC PONS_USDT	+0.0302%	4h	0.6049	−0.364%	$7.9M	$4.8M	20x	as long as short
Extended PONS-USD	+0.0304%	1h	0.6045	−0.432%	$250K	$679K	5x	as long as short
edgeX PONSUSDC	+0.0317%	4h	0.6066	−0.081%	$21K	$292K	10x	as long as short
Nado PONS-PERP	+0.0410%	1h	0.6056	−0.249%	$105K	$116K	5x	as long as short
BloFin PONS-USDT	+0.0540%	4h	0.6067	−0.068%	$1.8M	$1.0M	20x	as long as short
Pacifica PONS	+0.0665%	1h	0.6054	−0.286%	$48K	$96K	3x	as long as short
Bybit PONSUSDT	+0.0721%	4h	0.6042	−0.479%	$18.1M	$31.3M	20x	as long as short
Polymarket Perps PONS-USD	+0.0808%	1h	0.6049	−0.369%	$42K	$1.6M	3x	as long as short
BingX PONS-USDT	+0.0916%	4h	0.6046	−0.413%	—	$3.1M	—	as long as short
Hyperliquid PONS	+0.1135%	1h	0.6051	−0.325%	$61.6M	$30.0M	3x	as long as short
Phoenix PONS	+0.1307%	1h	0.6073	+0.036%	$31K	$113K	3x	as long as short