PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0294%/8h= −32.2% APRnext payment −$1.47 per $10,000 · paid last 24h −0.044%

Price spread now: Orderly against Aster+0.132%7-day average — · you sell dearer than you buy

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

Long on Aster Short on Orderly

What this pair did over the last

the charts below follow

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—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Orderly is 0.132% dearer against Aster than usual: you sell high and buy low (spread +0.132% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 36 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster PONSUSDT	0.6060	0.0394	pay 0.0197% / 4h	2h 22m	$1.1M	$2.0M	20x
Short	Orderly PERP_PONS_USDC_mythos	0.6068	0.0100	get 0.0050% / 4h	2h 22m	$2K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Aster. 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 AsterbpFee OrderlybpOrdersPrice spread, now +0.132%Rate

Funding earned: −$61.75
Price spread: +0.132% → 0.000%: $13.2
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$62.55
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 5 min ago; Orderly: 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 Aster live order book, 5 min ago	2.82 bp	8.9 bp −$9	31.1 bp −$311	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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 29 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	0.6048	−0.187%	$240K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.490%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6056	−0.063%	$20K	$422K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6026	−0.566%	$1.4M	$4.0M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6065	+0.087%	$33K	$354K	5x	as long as short
Orderly PERP_PONS_USDC_mythosshort	+0.0100%	4h	0.6068	+0.132%	$2K	$3K	10x
SunX PONS-USDT	+0.0100%	4h	0.6058	−0.030%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6059	−0.018%	$26K	$518K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6066	+0.106%	$65K	$509K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6057	−0.046%	$1.7M	$3.2M	20x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo PONS-PERP	+0.0184%	1h	0.6062	+0.036%	$378	—	3x	as long as short
Lighter RH PONS	+0.0208%	1h	0.6057	−0.046%	$427K	$2.5M	3x	as long as short
KuCoin PONSUSDTM	+0.0218%	4h	0.6063	+0.061%	$1.7M	$3.6M	20x	as long as short
Nado PONS-PERP	+0.0219%	1h	0.6058	−0.030%	$71K	$131K	5x	as long as short
OKX PONS-USDT-SWAP	+0.0238%	4h	0.6066	+0.102%	$13.9M	$55.3M	20x	as long as short
Lighter PONS	+0.0256%	1h	0.6057	−0.046%	$1.7M	$885K	3x	as long as short
Bybit PONSUSDT	+0.0257%	4h	0.6065	+0.086%	$18.2M	$30.5M	20x	as long as short
Bitget PONSUSDT	+0.0308%	4h	0.6069	+0.157%	$4.7M	$11.3M	20x	as long as short
BingX PONS-USDT	+0.0388%	4h	0.6062	+0.036%	—	$3.0M	—	as long as short
Aster PONSUSDTlong	+0.0394%	4h	0.6060	long leg	$1.1M	$2.0M	20x
MEXC PONS_USDT	+0.0408%	4h	0.6068	+0.135%	$7.8M	$4.7M	20x	as long as short
Extended PONS-USD	+0.0416%	1h	0.6063	+0.047%	$250K	$672K	5x	as long as short
edgeX PONSUSDC	+0.0416%	4h	0.6024	−0.594%	$21K	$291K	10x	as long as short
Binance PONSUSDT	+0.0419%	4h	0.6064	+0.076%	$39.8M	$94.8M	20x	as long as short
Gate PONS_USDT	+0.0506%	4h	0.6047	−0.211%	$5.3M	$6.1M	20x	as long as short
Hyperliquid PONS	+0.0680%	1h	0.6058	−0.021%	$61.7M	$28.0M	3x	as long as short
Polymarket Perps PONS-USD	+0.0740%	1h	0.6056	−0.064%	$45K	$1.5M	3x	as long as short
Pacifica PONS	+0.0869%	1h	0.6060	−0.001%	$48K	$75K	3x	as long as short
Phoenix PONS	+0.1695%	1h	0.6031	−0.467%	$31K	$107K	3x	as long as short