PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0208%/8h= −22.8% APRnext payment −$0.26 per $10,000 · paid last 24h −0.093%

Price spread now: Popdex against Extended−0.049%7-day average +0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$236as in the Price arb table

costs, in and out, $10k−$2282.283% of the position

Long on Extended Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.316%−$32 on $10k

Price spread, last 4 days (all we have)+0.101%+$10 · spread now −0.049%, 7d avg +0.032%

Together, before fees−0.215%+ Points / potential airdropExtended: Active · farm board−$22 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Popdex is 0.081% cheaper against Extended than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.032%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended PONS-USD	0.6107	0.0304	pay 0.0038% / 1h	23m 29s	$253K	$682K	5x
Short	Popdex PONSUSDT	0.6104	0.0096	get 0.0012% / 1h	23m 29s	$20K	$436K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex against Extended. 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 ExtendedbpFee PopdexbpOrdersPrice spread, now −0.049%Rate

Funding earned: −$43.68
Price spread: −0.049% → +0.032%: −$8.1
Slippage, 4 orders: −$216.93
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$280.11
Costs to cover: 2.283%
Break-even: never at this rate

Slippage from Extended: live order book, 54 min ago; Popdex: live order book, 55 min ago.

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 Extended live order book, 54 min ago	11.94 bp	28.6 bp −$29	198.0 bp −$1,980	doesn't fit	doesn't fit
Sell Popdex live order book, 55 min ago	10.77 bp	87.6 bp −$88	doesn't fit	doesn't fit	doesn't fit

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
Injective PONS/USDC PERP	−0.0047%	1h	0.5969	−2.252%	$614	$10K	5.5x	as long as short
gTrade (Gains Network) PONS/USD	L +0.0033% / S −0.0033%	1h	0.6099	−0.133%	$241K	—	150x	as long as short
Lighter RH PONS	+0.0096%	1h	0.6113	+0.096%	$428K	$2.6M	3x	as long as short
Popdex PONSUSDTshort	+0.0096%	1h	0.6104	−0.049%	$20K	$436K	20x
Nado PONS-PERP	+0.0100%	1h	0.6107	0.000%	$88K	$107K	5x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.6108	+0.016%	$18.4M	$31.6M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.6107	0.000%	$13.9M	$58.0M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6129	+0.365%	$1.4M	$4.2M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6132	+0.408%	$34K	$360K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6114	+0.121%	$2K	$3K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX PONS-USDT	+0.0100%	4h	0.6123	+0.268%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6116	+0.141%	$28K	$546K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6137	+0.486%	$65K	$509K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6119	+0.196%	$1.7M	$3.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0120%	4h	0.6106	−0.012%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0146%	4h	0.6109	+0.028%	$4.7M	$11.7M	20x	as long as short
Aster PONSUSDT	+0.0156%	4h	0.6104	−0.042%	$1.1M	$2.2M	20x	as long as short
Aevo PONS-PERP	+0.0160%	1h	0.6117	+0.155%	$381	—	3x	as long as short
Lighter PONS	+0.0296%	1h	0.6111	+0.064%	$1.7M	$923K	3x	as long as short
edgeX PONSUSDC	+0.0304%	4h	0.6119	+0.202%	$21K	$292K	10x	as long as short
Extended PONS-USDlong	+0.0304%	1h	0.6107	long leg	$253K	$682K	5x
MEXC PONS_USDT	+0.0304%	4h	0.6107	0.000%	$8.0M	$4.9M	20x	as long as short
BingX PONS-USDT	+0.0304%	4h	0.6106	−0.017%	—	$3.0M	—	as long as short
Binance PONSUSDT	+0.0304%	4h	0.6108	+0.020%	$40.1M	$98.7M	20x	as long as short
BloFin PONS-USDT	+0.0546%	4h	0.6114	+0.114%	$1.8M	$1.0M	20x	as long as short
Polymarket Perps PONS-USD	+0.0648%	1h	0.6109	+0.033%	$42K	$1.7M	3x	as long as short
Hyperliquid PONS	+0.0864%	1h	0.6109	+0.036%	$62.2M	$30.0M	3x	as long as short
Pacifica PONS	+0.0899%	1h	0.6109	+0.028%	$48K	$96K	3x	as long as short
Phoenix PONS	+0.1307%	1h	0.6121	+0.223%	$31K	$102K	3x	as long as short
Gate PONS_USDT	+0.2406%	4h	0.6102	−0.082%	$5.3M	$6.3M	20x	as long as short