PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0969%/8h= −106.1% APRnext payment −$1.21 per $10,000 · paid last 24h +0.022%

Price spread now: SoDEX against Injective+4.041%62s7-day average — · you sell dearer than you buy

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

Long on Injective Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 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. SoDEX is 4.041% dearer against Injective than usual: you sell high and buy low (spread +4.041% now, against zero (this spread has no 7-day history yet)): +$404 on $10k if it goes back. Holding the pair costs −$29 a day in funding at the current rate, which eats that in about 14 days. The two prices were read 62 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective PONS/USDC PERP	0.5938	0.1069	pay 0.0134% / 1h	15m 32s	$610	$10K	5.5x
Short	SoDEX PONS-USD	0.6179	0.0100	get 0.0013% / 1h	15m 32s	$26K	$639K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Injective. 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 InjectivebpFee SoDEXbpOrdersPrice spread, now +4.041%Rate

Funding earned: −$203.56
Price spread: +4.041% → 0.000%: $404.14
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $192.56
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; SoDEX: live order book, 23 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 SoDEX live order book, 23 min ago	1.60 bp	61.4 bp −$61	doesn't fit	doesn't fit	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 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 +0.0032% / S −0.0029%	1h	0.6171	+3.915%	$235K	—	150x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6187	+4.185%	$22K	$455K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6186	+4.162%	$72K	$130K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6153	+3.612%	$30K	$300K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6184	+4.136%	$2K	$4K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6184	+4.129%	—	$1.2M	10x	as long as short
SoDEX PONS-USDshort	+0.0100%	1h	0.6179	+4.041%	$26K	$639K	3x
HTX PONS-USDT	+0.0100%	4h	0.6191	+4.247%	$67K	$536K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6173	+3.949%	$1.7M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0232%	1h	0.6180	+4.075%	$385	—	3x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PONS-USDT-SWAP	+0.0413%	4h	0.6187	+4.185%	$14.0M	$60.9M	20x	as long as short
Gate PONS_USDT	+0.0468%	4h	0.6171	+3.915%	$5.5M	$6.6M	20x	as long as short
Aster PONSUSDT	+0.0486%	4h	0.6187	+4.189%	$1.1M	$2.4M	20x	as long as short
Variational Omni PONS	+0.0505%	4h	0.6176	+4.000%	$1.5M	$4.2M	—	as long as short
Lighter RH PONS	+0.0520%	1h	0.6181	+4.077%	$417K	$2.7M	3x	as long as short
Lighter PONS	+0.0536%	1h	0.6183	+4.112%	$1.7M	$856K	3x	as long as short
KuCoin PONSUSDTM	+0.0540%	4h	0.6181	+4.084%	$1.6M	$4.0M	20x	as long as short
Pacifica PONS	+0.0572%	1h	0.6182	+4.097%	$46K	$77K	3x	as long as short
MEXC PONS_USDT	+0.0604%	4h	0.6183	+4.117%	$7.8M	$4.8M	20x	as long as short
edgeX PONSUSDC	+0.0604%	4h	0.6181	+4.082%	$20K	$292K	10x	as long as short
Binance PONSUSDT	+0.0607%	4h	0.6180	+4.071%	$40.1M	$105.2M	20x	as long as short
Extended PONS-USD	+0.0608%	1h	0.6181	+4.089%	$103K	$828K	5x	as long as short
Hyperliquid PONS	+0.0622%	1h	0.6184	+4.132%	$62.9M	$30.4M	3x	as long as short
BingX PONS-USDT	+0.0666%	4h	0.6188	+4.201%	—	$3.2M	—	as long as short
Bybit PONSUSDT	+0.0669%	4h	0.6183	+4.117%	$18.5M	$33.0M	20x	as long as short
Bitget PONSUSDT	+0.0706%	4h	0.6189	+4.210%	$4.9M	$13.0M	20x	as long as short
BloFin PONS-USDT	+0.0834%	4h	0.6180	+4.067%	$1.8M	$1.1M	20x	as long as short
Polymarket Perps PONS-USD	+0.1035%	1h	0.6181	+4.084%	$73K	$2.3M	3x	as long as short
Injective PONS/USDC PERPlong	+0.1069%	1h	0.5938	long leg	$610	$10K	5.5x
Phoenix PONS	+0.1405%	1h	0.6159	+3.708%	$47K	$127K	3x	as long as short