PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0534%/8h= −58.4% APRnext payment −$2.67 per $10,000 · paid last 24h −0.098%

Price spread now: Orderly against Binance+0.073%7-day average — · you sell dearer than you buy

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

Long on Binance 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—needs both histories

The price spread pays, funding is against you. Orderly is 0.073% dearer against Binance than usual: you sell high and buy low (spread +0.073% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 11 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PONSUSDT	0.6040	0.0634	pay 0.0317% / 4h	3h 29m	$39.5M	$94.3M	20x
Short	Orderly PERP_PONS_USDC_mythos	0.6044	0.0100	get 0.0050% / 4h	3h 29m	$2K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Binance. 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 BinancebpFee OrderlybpOrdersPrice spread, now +0.073%Rate

Funding earned: −$112.09
Price spread: +0.073% → 0.000%: $7.28
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$120.81
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 14 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 Binance live order book, 14 min ago	2.51 bp	12.3 bp −$12	54.7 bp −$547	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 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	0.6028	−0.195%	$240K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.167%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6031	−0.149%	$21K	$416K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6031	−0.149%	$70K	$129K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6042	+0.028%	$35K	$342K	5x	as long as short
Orderly PERP_PONS_USDC_mythosshort	+0.0100%	4h	0.6044	+0.073%	$2K	$3K	10x
SunX PONS-USDT	+0.0100%	4h	0.6039	−0.020%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6039	−0.008%	$26K	$533K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6053	+0.212%	$65K	$512K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6041	+0.017%	$1.7M	$3.2M	20x	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	+0.0192%	1h	0.6038	−0.030%	$410K	$2.5M	3x	as long as short
Aevo PONS-PERP	+0.0240%	1h	0.6042	+0.041%	$376	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0355%	4h	0.6036	−0.066%	$13.7M	$55.3M	20x	as long as short
Variational Omni PONS	+0.0427%	4h	0.6045	+0.090%	$1.5M	$3.9M	—	as long as short
Hyperliquid PONS	+0.0484%	1h	0.6040	−0.005%	$61.8M	$28.0M	3x	as long as short
Bitget PONSUSDT	+0.0528%	4h	0.6042	+0.026%	$4.6M	$11.5M	20x	as long as short
Aster PONSUSDT	+0.0529%	4h	0.6043	+0.051%	$1.1M	$2.1M	20x	as long as short
Lighter PONS	+0.0544%	1h	0.6040	−0.002%	$1.7M	$892K	3x	as long as short
Extended PONS-USD	+0.0632%	1h	0.6039	−0.022%	$108K	$808K	5x	as long as short
MEXC PONS_USDT	+0.0632%	4h	0.6039	−0.017%	$7.7M	$4.7M	20x	as long as short
Binance PONSUSDTlong	+0.0634%	4h	0.6040	long leg	$39.5M	$94.3M	20x
edgeX PONSUSDC	+0.0637%	4h	0.6047	+0.117%	$18K	$294K	10x	as long as short
Polymarket Perps PONS-USD	+0.0693%	1h	0.6039	−0.012%	$72K	$1.6M	3x	as long as short
KuCoin PONSUSDTM	+0.0744%	4h	0.6039	−0.018%	$1.6M	$3.8M	20x	as long as short
BloFin PONS-USDT	+0.0874%	4h	0.6039	−0.017%	$1.7M	$968K	20x	as long as short
Gate PONS_USDT	+0.0908%	4h	0.6033	−0.116%	$5.3M	$6.2M	20x	as long as short
BingX PONS-USDT	+0.0944%	4h	0.6040	0.000%	—	$3.0M	—	as long as short
Pacifica PONS	+0.1081%	1h	0.6041	+0.014%	$47K	$68K	3x	as long as short
Bybit PONSUSDT	+0.1082%	4h	0.6038	−0.033%	$18.1M	$30.5M	20x	as long as short
Phoenix PONS	+0.1586%	1h	0.6044	+0.060%	$46K	$109K	3x	as long as short