PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0359%/8h= +39.3% APRnext payment +$1.80 per $10,000 · paid last 24h +0.089%

Price spread now: edgeX against Orderly+0.841%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on edgeX

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—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and edgeX is 0.841% dearer against Orderly than usual: you sell high and buy low: +$84 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	Orderly PERP_PONS_USDC_mythos	0.6007	0.0100	pay 0.0050% / 4h	1h 57m	$2K	$3K	10x
Short	edgeX PONSUSDC	0.6058	0.0459	get 0.0230% / 4h	1h 57m	$21K	$293K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Orderly. 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 OrderlybpFee edgeXbpOrdersPrice spread, now +0.841%Rate

Funding earned: $75.46
Price spread: +0.841% → 0.000%: $84.13
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $144.59
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; edgeX: live order book, 6 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 edgeX live order book, 6 min ago	12.37 bp	20.8 bp −$21	doesn't fit	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 29 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 −0.0033%	1h	0.5995	−0.204%	$237K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.624%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6000	−0.117%	$20K	$423K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6048	+0.682%	$1.4M	$3.9M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6042	+0.584%	$33K	$351K	5x	as long as short
Orderly PERP_PONS_USDC_mythoslong	+0.0100%	4h	0.6007	long leg	$2K	$3K	10x
SunX PONS-USDT	+0.0100%	4h	0.6008	+0.010%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6019	+0.200%	$26K	$518K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6039	+0.529%	$64K	$508K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6009	+0.033%	$1.6M	$3.2M	20x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH PONS	+0.0128%	1h	0.6005	−0.033%	$422K	$2.5M	3x	as long as short
Lighter PONS	+0.0152%	1h	0.6005	−0.033%	$1.7M	$871K	3x	as long as short
Aevo PONS-PERP	+0.0192%	1h	0.5998	−0.157%	$374	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0272%	4h	0.5997	−0.166%	$13.8M	$54.1M	20x	as long as short
Nado PONS-PERP	+0.0306%	1h	0.5998	−0.156%	$70K	$131K	5x	as long as short
KuCoin PONSUSDTM	+0.0326%	4h	0.6000	−0.117%	$1.7M	$3.6M	20x	as long as short
Bitget PONSUSDT	+0.0372%	4h	0.6005	−0.038%	$4.7M	$11.2M	20x	as long as short
Aster PONSUSDT	+0.0429%	4h	0.5995	−0.205%	$1.1M	$2.0M	20x	as long as short
BingX PONS-USDT	+0.0438%	4h	0.6007	0.000%	—	$3.0M	—	as long as short
Binance PONSUSDT	+0.0453%	4h	0.5999	−0.133%	$39.2M	$93.6M	20x	as long as short
MEXC PONS_USDT	+0.0454%	4h	0.5997	−0.166%	$7.7M	$4.6M	20x	as long as short
Extended PONS-USD	+0.0456%	1h	0.5994	−0.212%	$249K	$670K	5x	as long as short
edgeX PONSUSDCshort	+0.0459%	4h	0.6058	+0.841%	$21K	$293K	10x
Polymarket Perps PONS-USD	+0.0484%	1h	0.6002	−0.082%	$47K	$1.5M	3x	as long as short
Bybit PONSUSDT	+0.0508%	4h	0.6001	−0.100%	$17.9M	$30.3M	20x	as long as short
Hyperliquid PONS	+0.0551%	1h	0.6004	−0.055%	$61.2M	$27.8M	3x	as long as short
Pacifica PONS	+0.0755%	1h	0.5997	−0.168%	$47K	$72K	3x	as long as short
Gate PONS_USDT	+0.0810%	4h	0.6002	−0.083%	$5.3M	$6.1M	20x	as long as short
Phoenix PONS	+0.1695%	1h	0.6002	−0.085%	$31K	$98K	3x	as long as short