Funding you earn now, next payment 11:00 UTC+0.0645%/8h= +70.6% APRpaid last 24h +0.119%
Price spread now: MEXC against Injective+6.862%7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$19 a day on $10k at the current rate, and MEXC is 6.862% dearer against Injective than usual: you sell high and buy low: +$686 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective PONS/USDC PERP | 0.5938 | 0.0033 | pay 0.0004% / 1h | 55m 09s | $610 | $10K | 5.5x |
| Short | MEXC PONS_USDT | 0.6346 | 0.0678 | get 0.0339% / 4h | 1h 55m | $7.9M | $4.5M | 20x |
Injective PONS/USDC PERP
MEXC PONS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Injective. 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
- $135.38
- Price spread: +6.862% → 0.000%
- $686.2
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $821.56
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; MEXC: live order book, 1 min ago. 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 Injective no order-book sample | — | — | — | — | — |
| Sell MEXC live order book, 1 min ago | 0.79 bp | 4.0 bp −$4 | 14.4 bp −$144 | 378.2 bp −$37.8K | doesn't fit |
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 | 0.6363 | +7.154% | $250K | — | 150x | as long as short |
| Injective PONS/USDC PERPlong | +0.0033% | 1h | 0.5938 | long leg | $610 | $10K | 5.5x | |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6347 | +6.879% | $23K | $405K | 20x | as long as short |
| Nado PONS-PERP | +0.0100% | 1h | 0.6349 | +6.913% | $77K | $105K | 5x | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6362 | +7.130% | $32K | $279K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6351 | +6.955% | $2K | $4K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.6352 | +6.970% | — | $892K | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.6346 | +6.864% | $27K | $636K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6359 | +7.079% | $67K | $537K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.6346 | +6.862% | $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 | +0.0240% | 1h | 0.6347 | +6.879% | $395 | — | 3x | as long as short |
| Polymarket Perps PONS-USD | +0.0367% | 1h | 0.6344 | +6.832% | $75K | $2.1M | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.0392% | 4h | 0.6341 | +6.778% | $14.4M | $60.2M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0474% | 4h | 0.6345 | +6.850% | $1.8M | $4.3M | 20x | as long as short |
| Lighter RH PONS | +0.0488% | 1h | 0.6348 | +6.896% | $448K | $2.6M | 3x | as long as short |
| Aster PONSUSDT | +0.0545% | 4h | 0.6350 | +6.934% | $1.2M | $2.2M | 20x | as long as short |
| Hyperliquid PONS | +0.0550% | 1h | 0.6345 | +6.845% | $65.2M | $31.1M | 3x | as long as short |
| Pacifica PONS | +0.0616% | 1h | 0.6349 | +6.919% | $46K | $76K | 3x | as long as short |
| Variational Omni PONS | +0.0656% | 4h | 0.6360 | +7.096% | $1.6M | $4.3M | — | as long as short |
| Extended PONS-USD | +0.0672% | 1h | 0.6345 | +6.841% | $183K | $881K | 5x | as long as short |
| Binance PONSUSDT | +0.0673% | 4h | 0.6345 | +6.848% | $41.6M | $101.3M | 20x | as long as short |
| MEXC PONS_USDTshort | +0.0678% | 4h | 0.6346 | +6.862% | $7.9M | $4.5M | 20x | |
| edgeX PONSUSDC | +0.0695% | 4h | 0.6371 | +7.290% | $19K | $292K | 10x | as long as short |
| Bitget PONSUSDT | +0.0760% | 4h | 0.6350 | +6.931% | $5.1M | $13.6M | 20x | as long as short |
| Lighter PONS | +0.0784% | 1h | 0.6349 | +6.913% | $1.8M | $852K | 3x | as long as short |
| BingX PONS-USDT | +0.0802% | 4h | 0.6345 | +6.845% | — | $3.1M | — | as long as short |
| Gate PONS_USDT | +0.0832% | 4h | 0.6348 | +6.896% | $5.5M | $6.4M | 20x | as long as short |
| Bybit PONSUSDT | +0.0842% | 4h | 0.6341 | +6.778% | $19.2M | $32.6M | 20x | as long as short |
| BloFin PONS-USDT | +0.0919% | 4h | 0.6355 | +7.014% | $1.9M | $1.1M | 20x | as long as short |
| Phoenix PONS | +0.1668% | 1h | 0.6368 | +7.234% | $49K | $162K | 3x | as long as short |
Aevo PONS-PERP
Polymarket Perps PONS-USD
OKX PONS-USDT-SWAP
KuCoin PONSUSDTM
Lighter RH PONS
Aster PONSUSDT
Hyperliquid PONS
Pacifica PONS
Variational Omni PONS
Extended PONS-USD
Binance PONSUSDT
edgeX PONSUSDC
Bitget PONSUSDT
Lighter PONS
BingX PONS-USDT
Gate PONS_USDT
Bybit PONSUSDT
BloFin PONS-USDT
Phoenix PONS