Funding you earn now, next payment 10:00 UTC−0.0778%/8h= −85.2% APRpaid last 24h −0.118%
Price spread now: Injective against Bybit−6.701%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 −$23 a day on $10k at the current rate, and Injective is 6.701% cheaper against Bybit than usual: you would sell low and buy high (−$670 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 | Bybit PONSUSDT | 0.6365 | 0.0811 | pay 0.0406% / 4h | 2h 19m | $19.4M | $32.9M | 20x |
| Short | Injective PONS/USDC PERP | 0.5938 | 0.0033 | get 0.0004% / 1h | 19m 21s | $610 | $10K | 5.5x |
Bybit PONSUSDT
Injective PONS/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Bybit. 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
- −$163.37
- Price spread: −6.701% → 0.000%
- −$670.07
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$844.46
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 2 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 Bybit live order book, 2 min ago | 0.79 bp | 18.6 bp −$19 | 48.2 bp −$482 | 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 exchanges
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 −0.0030% | 1h | 0.6357 | −0.130% | $250K | — | 150x | as long as short |
| Injective PONS/USDC PERPshort | +0.0033% | 1h | 0.5938 | −6.701% | $610 | $10K | 5.5x | |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6359 | −0.094% | $24K | $407K | 20x | as long as short |
| Nado PONS-PERP | +0.0100% | 1h | 0.6357 | −0.128% | $74K | $127K | 5x | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6368 | +0.053% | $32K | $280K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6368 | +0.047% | $2K | $4K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.6354 | −0.165% | — | $947K | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.6368 | +0.039% | $27K | $634K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6349 | −0.251% | $67K | $532K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.6357 | −0.126% | $1.7M | $3.2M | 20x | as long as short |
gTrade (Gains Network) PONS/USD
Popdex PONSUSDT
Nado PONS-PERP
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDTShow all 30 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo PONS-PERP | +0.0264% | 1h | 0.6367 | +0.032% | $397 | — | 3x | as long as short |
| Hyperliquid PONS | +0.0323% | 1h | 0.6372 | +0.108% | $65.4M | $31.1M | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.0435% | 4h | 0.6365 | 0.000% | $14.4M | $60.8M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0472% | 4h | 0.6372 | +0.115% | $1.8M | $4.2M | 20x | as long as short |
| Lighter RH PONS | +0.0496% | 1h | 0.6356 | −0.140% | $469K | $2.7M | 3x | as long as short |
| Aster PONSUSDT | +0.0530% | 4h | 0.6362 | −0.054% | $1.2M | $2.2M | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.0545% | 1h | 0.6372 | +0.108% | $74K | $2.2M | 3x | as long as short |
| Variational Omni PONS | +0.0661% | 4h | 0.6362 | −0.044% | $1.6M | $4.3M | — | as long as short |
| Lighter PONS | +0.0672% | 1h | 0.6359 | −0.099% | $1.8M | $874K | 3x | as long as short |
| Extended PONS-USD | +0.0704% | 1h | 0.6367 | +0.025% | $180K | $882K | 5x | as long as short |
| Binance PONSUSDT | +0.0707% | 4h | 0.6369 | +0.056% | $41.9M | $102.0M | 20x | as long as short |
| MEXC PONS_USDT | +0.0716% | 4h | 0.6367 | +0.031% | $8.0M | $4.7M | 20x | as long as short |
| edgeX PONSUSDC | +0.0731% | 4h | 0.6366 | +0.015% | $19K | $294K | 10x | as long as short |
| Bitget PONSUSDT | +0.0756% | 4h | 0.6373 | +0.130% | $5.2M | $13.6M | 20x | as long as short |
| BingX PONS-USDT | +0.0808% | 4h | 0.6365 | 0.000% | — | $3.1M | — | as long as short |
| Pacifica PONS | +0.0810% | 1h | 0.6354 | −0.177% | $46K | $77K | 3x | as long as short |
| Bybit PONSUSDTlong | +0.0811% | 4h | 0.6365 | long leg | $19.4M | $32.9M | 20x | |
| BloFin PONS-USDT | +0.0960% | 4h | 0.6365 | 0.000% | $1.9M | $1.1M | 20x | as long as short |
| Gate PONS_USDT | +0.1496% | 4h | 0.6362 | −0.047% | $5.5M | $6.6M | 20x | as long as short |
| Phoenix PONS | +0.1668% | 1h | 0.6360 | −0.085% | $48K | $162K | 3x | as long as short |
Aevo PONS-PERP
Hyperliquid PONS
OKX PONS-USDT-SWAP
KuCoin PONSUSDTM
Lighter RH PONS
Aster PONSUSDT
Polymarket Perps PONS-USD
Variational Omni PONS
Lighter PONS
Extended PONS-USD
Binance PONSUSDT
MEXC PONS_USDT
edgeX PONSUSDC
Bitget PONSUSDT
BingX PONS-USDT
Pacifica PONS
BloFin PONS-USDT
Gate PONS_USDT
Phoenix PONS