Settings8H · net · $10k
Funding arb · Price arb /

PONS

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Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0396%/8h= −43.4% APRpaid last 24h −0.048%
Price spread now: Injective against OKX+1.127%68s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread pays, funding is against you. Injective is 1.127% dearer against OKX than usual: you sell high and buy low (spread +1.127% now, against zero (this spread has no 7-day history yet)): +$113 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 9.5 days. The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX PONS-USDT-SWAP0.59030.0430pay 0.0215% / 4h1h 56m$13.3M$55.7M20x
ShortInjective PONS/USDC PERP0.59690.0033get 0.0004% / 1h56m 03s$614$10K5.5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective against OKX. 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

Funding earned
−$83.23
Price spread: +1.127% → 0.000%
$112.65
Slippage, 4 orders
no order book: not counted
Fee OKX: 5 bp × 2 orders
−$10
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
$19.4
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: OKX: live order book, 3 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
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 3 min ago0.85 bp12.2 bp −$1233.3 bp −$333doesn't fitdoesn'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 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) PONS/USDL +0.0033% / S −0.0032%1h0.5891−0.200%$234K150xas long as short
Injective PONS/USDC PERPshort+0.0033%1h0.5969+1.127%$614$10K5.5x
Lighter RH PONS+0.0096%1h0.5897−0.098%$406K$2.5M3xas long as short
Popdex PONSUSDT+0.0096%1h0.5898−0.085%$21K$421K20xas long as short
Orderly PERP_PONS_USDC_mythos+0.0100%4h0.59030.000%$2K$3K10xas long as short
Nado PONS-PERP+0.0100%1h0.5895−0.136%$69K$131K5xas long as short
ApeX Omni PONSUSDT+0.0100%1h0.5913+0.171%$29K$329K5xas long as short
SunX PONS-USDT+0.0100%4h0.5904+0.019%$1.3M10xas long as short
SoDEX PONS-USD+0.0100%1h0.5898−0.088%$25K$589K3xas long as short
HTX PONS-USDT+0.0100%4h0.5913+0.173%$64K$524K20xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex PONSUSDT+0.0100%4h0.5900−0.051%$1.6M$3.2M20xas long as short
Aevo PONS-PERP+0.0224%1h0.5897−0.103%$3673xas long as short
Gate PONS_USDT+0.0260%4h0.5906+0.051%$5.2M$6.3M20xas long as short
Hyperliquid PONS+0.0327%1h0.5911+0.132%$60.0M$29.6M3xas long as short
OKX PONS-USDT-SWAPlong+0.0430%4h0.5903long leg$13.3M$55.7M20x
Polymarket Perps PONS-USD+0.0449%1h0.5898−0.085%$91K$1.9M3xas long as short
Aster PONSUSDT+0.0475%4h0.5897−0.101%$1.1M$2.2M20xas long as short
Pacifica PONS+0.0556%1h0.5899−0.060%$45K$69K3xas long as short
Extended PONS-USD+0.0576%1h0.5894−0.152%$101K$811K5xas long as short
Binance PONSUSDT+0.0579%4h0.5899−0.070%$37.1M$98.6M20xas long as short
MEXC PONS_USDT+0.0580%4h0.59030.000%$7.5M$4.7M20xas long as short
edgeX PONSUSDC+0.0599%4h0.5920+0.284%$20K$293K10xas long as short
Variational Omni PONS+0.0651%4h0.5917+0.244%$1.4M$4.1Mas long as short
Bitget PONSUSDT+0.0652%4h0.5909+0.102%$4.7M$12.2M20xas long as short
KuCoin PONSUSDTM+0.0684%4h0.5899−0.075%$1.6M$3.8M20xas long as short
Lighter PONS+0.0792%1h0.5902−0.014%$1.6M$822K3xas long as short
BloFin PONS-USDT+0.0822%4h0.5905+0.034%$1.7M$956K20xas long as short
BingX PONS-USDT+0.0882%4h0.5908+0.085%$3.0Mas long as short
Bybit PONSUSDT+0.0920%4h0.5902−0.017%$17.6M$31.5M20xas long as short
Phoenix PONS+0.1719%1h0.5909+0.095%$45K$120K3xas long as short