Funding you earn now, next payment 00:00 UTC+0.0072%/8h= +7.9% APRnext payment +$0.36 per $10,000 · paid last 24h +0.098%
Price spread now: MEXC against Orderly−0.142%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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. MEXC is 0.142% cheaper against Orderly than usual: you would sell low and buy high (spread −0.142% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 6.6 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_PONS_USDC_mythos | 0.5907 | 0.0100 | pay 0.0050% / 4h | 1h 58m | $2K | $3K | 10x |
| Short | MEXC PONS_USDT | 0.5899 | 0.0172 | get 0.0086% / 4h | 1h 58m | $7.5M | $4.9M | 20x |
Orderly PERP_PONS_USDC_mythos
MEXC PONS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Orderly. 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
- $15.12
- Price spread: −0.142% → 0.000%
- −$14.22
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$5.1
- Costs to cover
- 0.060%
- Break-even
- 9.4 days
Slippage unknown: Orderly: no order-book sample; MEXC: live order book, 4 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 MEXC live order book, 4 min ago | 0.85 bp | 4.3 bp −$4 | 12.5 bp −$125 | 367.4 bp −$36.7K | 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 +0.0032% / S −0.0034% | 1h | 0.5895 | −0.205% | $216K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5920 | +0.207% | $609 | $6K | 5.5x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.5897 | −0.176% | $21K | $442K | 20x | as long as short |
| Nado PONS-PERP | +0.0100% | 1h | 0.5894 | −0.227% | $89K | $103K | 5x | as long as short |
| Bybit PONSUSDT | +0.0100% | 4h | 0.5894 | −0.227% | $17.6M | $31.8M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.0100% | 4h | 0.5895 | −0.210% | $13.4M | $56.1M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0100% | 4h | 0.5891 | −0.269% | $1.7M | $3.7M | 20x | as long as short |
| Bitget PONSUSDT | +0.0100% | 4h | 0.5900 | −0.122% | $4.6M | $11.7M | 20x | as long as short |
| Variational Omni PONS | +0.0100% | 4h | 0.5901 | −0.104% | $1.3M | $4.3M | — | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.5908 | +0.012% | $34K | $340K | 5x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
Nado PONS-PERP
Bybit PONSUSDT
OKX PONS-USDT-SWAP
KuCoin PONSUSDTM
Bitget PONSUSDT
Variational Omni PONS
ApeX Omni PONSUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_PONS_USDC_mythoslong | +0.0100% | 4h | 0.5907 | long leg | $2K | $3K | 10x | |
| SunX PONS-USDT | +0.0100% | 4h | 0.5906 | −0.030% | — | $1.4M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.5899 | −0.134% | $27K | $547K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.5902 | −0.096% | $63K | $506K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.5899 | −0.142% | $1.6M | $3.3M | 20x | as long as short |
| Aevo PONS-PERP | +0.0128% | 1h | 0.5899 | −0.134% | $368 | — | 3x | as long as short |
| Aster PONSUSDT | +0.0147% | 4h | 0.5896 | −0.192% | $1.1M | $2.2M | 20x | as long as short |
| BingX PONS-USDT | +0.0168% | 4h | 0.5896 | −0.193% | — | $3.1M | — | as long as short |
| Binance PONSUSDT | +0.0169% | 4h | 0.5898 | −0.159% | $38.3M | $98.2M | 20x | as long as short |
| MEXC PONS_USDTshort | +0.0172% | 4h | 0.5899 | −0.142% | $7.5M | $4.9M | 20x | |
| edgeX PONSUSDC | +0.0175% | 4h | 0.5905 | −0.039% | $21K | $294K | 10x | as long as short |
| Extended PONS-USD | +0.0176% | 1h | 0.5898 | −0.157% | $106K | $532K | 5x | as long as short |
| BloFin PONS-USDT | +0.0413% | 4h | 0.5901 | −0.108% | $1.7M | $966K | 20x | as long as short |
| Pacifica PONS | +0.0451% | 1h | 0.5897 | −0.173% | $47K | $103K | 3x | as long as short |
| Lighter RH PONS | +0.0552% | 1h | 0.5898 | −0.161% | $417K | $2.6M | 3x | as long as short |
| Hyperliquid PONS | +0.0637% | 1h | 0.5903 | −0.078% | $59.3M | $30.1M | 3x | as long as short |
| Gate PONS_USDT | +0.0802% | 4h | 0.5894 | −0.227% | $5.2M | $6.4M | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.0898% | 1h | 0.5902 | −0.090% | $37K | $1.8M | 3x | as long as short |
| Lighter PONS | +0.1264% | 1h | 0.5901 | −0.102% | $1.7M | $878K | 3x | as long as short |
| Phoenix PONS | +0.1275% | 1h | 0.5888 | −0.328% | $30K | $86K | 3x | as long as short |
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDT
Aevo PONS-PERP
Aster PONSUSDT
BingX PONS-USDT
Binance PONSUSDT
edgeX PONSUSDC
Extended PONS-USD
BloFin PONS-USDT
Pacifica PONS
Lighter RH PONS
Hyperliquid PONS
Gate PONS_USDT
Polymarket Perps PONS-USD
Lighter PONS
Phoenix PONS