PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0211%/8h= +23.1% APRnext payment +$1.05 per $10,000 · paid last 24h +0.030%

Price spread now: OKX against Orderly−0.127%7-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 OKX

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. OKX is 0.127% cheaper against Orderly than usual: you would sell low and buy high (spread −0.127% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 2.0 days of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_PONS_USDC_mythos	0.5995	0.0100	pay 0.0050% / 4h	1h 08m	$2K	$3K	10x
Short	OKX PONS-USDT-SWAP	0.5987	0.0311	get 0.0155% / 4h	1h 08m	$13.6M	$54.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.127%Rate

Funding earned: $44.25
Price spread: −0.127% → 0.000%: −$12.68
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee OKX: 5 bp × 2 orders: −$10
Net: $15.57
Costs to cover: 0.160%
Break-even: 4.5 days

Slippage unknown: Orderly: no order-book sample; OKX: live order book, 5 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 OKX live order book, 5 min ago	1.66 bp	11.4 bp −$11	28.6 bp −$286	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 −0.0033%	1h	0.5986	−0.136%	$237K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.419%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5985	−0.160%	$21K	$435K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6015	+0.339%	$33K	$351K	5x	as long as short
Orderly PERP_PONS_USDC_mythoslong	+0.0100%	4h	0.5995	long leg	$2K	$3K	10x
SunX PONS-USDT	+0.0100%	4h	0.5997	+0.047%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5992	−0.050%	$26K	$527K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5998	+0.062%	$64K	$509K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5989	−0.093%	$1.6M	$3.2M	20x	as long as short
Variational Omni PONS	+0.0178%	4h	0.6018	+0.396%	$1.4M	$3.9M	—	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	+0.0216%	1h	0.5994	−0.018%	$373	—	3x	as long as short
Gate PONS_USDT	+0.0226%	4h	0.5990	−0.077%	$5.2M	$6.3M	20x	as long as short
Nado PONS-PERP	+0.0238%	1h	0.5986	−0.143%	$70K	$129K	5x	as long as short
Lighter RH PONS	+0.0296%	1h	0.5991	−0.065%	$416K	$2.5M	3x	as long as short
OKX PONS-USDT-SWAPshort	+0.0311%	4h	0.5987	−0.127%	$13.6M	$54.8M	20x
Lighter PONS	+0.0352%	1h	0.5992	−0.045%	$1.7M	$877K	3x	as long as short
Bitget PONSUSDT	+0.0420%	4h	0.5997	+0.045%	$4.7M	$11.4M	20x	as long as short
Aster PONSUSDT	+0.0439%	4h	0.5984	−0.180%	$1.1M	$2.1M	20x	as long as short
KuCoin PONSUSDTM	+0.0478%	4h	0.5999	+0.072%	$1.7M	$3.7M	20x	as long as short
Bybit PONSUSDT	+0.0494%	4h	0.5989	−0.093%	$17.9M	$30.7M	20x	as long as short
BingX PONS-USDT	+0.0506%	4h	0.6001	+0.107%	—	$3.0M	—	as long as short
Extended PONS-USD	+0.0520%	1h	0.5990	−0.073%	$248K	$671K	5x	as long as short
Binance PONSUSDT	+0.0522%	4h	0.5992	−0.043%	$39.5M	$94.7M	20x	as long as short
MEXC PONS_USDT	+0.0530%	4h	0.5994	−0.010%	$7.6M	$4.7M	20x	as long as short
edgeX PONSUSDC	+0.0536%	4h	0.6026	+0.524%	$18K	$292K	10x	as long as short
Pacifica PONS	+0.0755%	1h	0.5990	−0.070%	$47K	$69K	3x	as long as short
Hyperliquid PONS	+0.0761%	1h	0.5988	−0.115%	$61.0M	$27.8M	3x	as long as short
BloFin PONS-USDT	+0.0772%	4h	0.5997	+0.040%	$1.7M	$963K	20x	as long as short
Polymarket Perps PONS-USD	+0.0850%	1h	0.5988	−0.115%	$68K	$1.6M	3x	as long as short
Phoenix PONS	+0.1639%	1h	0.6017	+0.380%	$31K	$98K	3x	as long as short