PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0741%/8h= +81.1% APRnext payment +$3.71 per $10,000 · paid last 24h +0.156%

Price spread now: BloFin against Orderly−0.189%52s7-day average — · you buy dearer than you sell

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

Long on Orderly Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 5 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

Funding pays, the price is against you. BloFin is 0.189% cheaper against Orderly than usual: you would sell low and buy high (spread −0.189% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$19 on $10k: about 20 hours of funding at the current rate (+$22 a day). The two prices were read 52 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	Orderly PERP_PONS_USDC_mythos	0.6071	0.0100	pay 0.0050% / 4h	19m 59s	$2K	$3K	10x
Short	BloFin PONS-USDT	0.6060	0.0841	get 0.0421% / 4h	19m 59s	$1.7M	$961K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Orderly. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 OrderlybpFee BloFinbpOrdersPrice spread, now −0.189%Rate

Funding earned: $155.62
Price spread: −0.189% → 0.000%: −$18.94
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee BloFin: 6 bp × 2 orders: −$12
Net: $118.68
Costs to cover: 0.180%
Break-even: 1.7 days

Slippage unknown: Orderly: no order-book sample; BloFin: live order book, 3 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 Orderly no order-book sample	—	—	—	—	—
Sell BloFin live order book, 3 min ago	7.44 bp	14.4 bp −$14	40.0 bp −$400	doesn't fit	doesn't fit

Orderly: 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 +0.0033% / S −0.0032%	1h	0.6053	−0.298%	$240K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.680%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6066	−0.091%	$21K	$435K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6027	−0.728%	$35K	$348K	5x	as long as short
Orderly PERP_PONS_USDC_mythoslong	+0.0100%	4h	0.6071	long leg	$2K	$3K	10x
SunX PONS-USDT	+0.0100%	4h	0.6071	−0.005%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6067	−0.082%	$26K	$534K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6069	−0.033%	$66K	$511K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6053	−0.305%	$1.7M	$3.2M	20x	as long as short
Gate PONS_USDT	+0.0220%	4h	0.6058	−0.222%	$5.3M	$6.3M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo PONS-PERP	+0.0232%	1h	0.6068	−0.054%	$378	—	3x	as long as short
Variational Omni PONS	+0.0241%	4h	0.6050	−0.348%	$1.4M	$4.0M	—	as long as short
Nado PONS-PERP	+0.0288%	1h	0.6069	−0.041%	$71K	$129K	5x	as long as short
OKX PONS-USDT-SWAP	+0.0332%	4h	0.6062	−0.156%	$13.8M	$55.7M	20x	as long as short
Lighter PONS	+0.0384%	1h	0.6065	−0.115%	$1.7M	$884K	3x	as long as short
Bybit PONSUSDT	+0.0473%	4h	0.6062	−0.156%	$18.1M	$30.8M	20x	as long as short
Bitget PONSUSDT	+0.0478%	4h	0.6067	−0.071%	$4.7M	$11.5M	20x	as long as short
Aster PONSUSDT	+0.0487%	4h	0.6062	−0.163%	$1.1M	$2.1M	20x	as long as short
Lighter RH PONS	+0.0528%	1h	0.6065	−0.100%	$414K	$2.5M	3x	as long as short
BingX PONS-USDT	+0.0570%	4h	0.6063	−0.140%	—	$3.0M	—	as long as short
MEXC PONS_USDT	+0.0600%	4h	0.6065	−0.107%	$7.7M	$4.7M	20x	as long as short
edgeX PONSUSDC	+0.0605%	4h	0.6041	−0.508%	$18K	$292K	10x	as long as short
Extended PONS-USD	+0.0608%	1h	0.6066	−0.084%	$108K	$813K	5x	as long as short
Binance PONSUSDT	+0.0609%	4h	0.6062	−0.156%	$39.6M	$95.2M	20x	as long as short
KuCoin PONSUSDTM	+0.0670%	4h	0.6059	−0.211%	$1.7M	$3.8M	20x	as long as short
Hyperliquid PONS	+0.0796%	1h	0.6064	−0.130%	$61.9M	$28.3M	3x	as long as short
BloFin PONS-USDTshort	+0.0841%	4h	0.6060	−0.189%	$1.7M	$961K	20x
Pacifica PONS	+0.0859%	1h	0.6070	−0.024%	$48K	$67K	3x	as long as short
Polymarket Perps PONS-USD	+0.0897%	1h	0.6067	−0.079%	$73K	$1.6M	3x	as long as short
Phoenix PONS	+0.1736%	1h	0.6049	−0.377%	$31K	$104K	3x	as long as short