Funding you earn now, next payment 22:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h +0.027%
Price spread now: Aevo against Phemex+0.060%54s7-day average — · you sell dearer than you buy
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
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aevo is 0.060% dearer against Phemex than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 54 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 | Phemex PONSUSDT | 0.5865 | 0.0100 | pay 0.0050% / 4h | 2h 05m | $1.6M | $3.3M | 20x |
| Short | Aevo PONS-PERP | 0.5868 | 0.0120 | get 0.0015% / 1h | 5m 20s | $366 | — | 3x |
Phemex PONSUSDT
Aevo PONS-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against Phemex. 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
- $4.2
- Price spread: +0.060% → 0.000%
- $5.97
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$17.83
- Costs to cover
- 0.280%
- Break-even
- 36.7 days
Slippage unknown: Phemex: live order book, 3 min ago; Aevo: 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Phemex live order book, 3 min ago | 4.25 bp | 36.7 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aevo no order-book sample | — | — | — | — | — |
Aevo: 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 | 0.5861 | −0.062% | $215K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0066% | 1h | 0.5920 | +0.931% | $609 | $6K | 5.5x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.5869 | +0.068% | $21K | $442K | 20x | as long as short |
| Bybit PONSUSDT | +0.0100% | 4h | 0.5862 | −0.051% | $17.5M | $31.9M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.0100% | 4h | 0.5865 | 0.000% | $13.3M | $55.8M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0100% | 4h | 0.5868 | +0.058% | $1.7M | $3.7M | 20x | as long as short |
| Bitget PONSUSDT | +0.0100% | 4h | 0.5867 | +0.036% | $4.6M | $11.7M | 20x | as long as short |
| Variational Omni PONS | +0.0100% | 4h | 0.5857 | −0.132% | $1.3M | $4.3M | — | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.5874 | +0.153% | $34K | $338K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.5875 | +0.164% | $2K | $3K | 10x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
Bybit PONSUSDT
OKX PONS-USDT-SWAP
KuCoin PONSUSDTM
Bitget PONSUSDT
Variational Omni PONS
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythosShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX PONS-USDT | +0.0100% | 4h | 0.5871 | +0.099% | — | $1.4M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.5868 | +0.048% | $27K | $548K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.5876 | +0.188% | $63K | $505K | 20x | as long as short |
| Phemex PONSUSDTlong | +0.0100% | 4h | 0.5865 | long leg | $1.6M | $3.3M | 20x | |
| Aevo PONS-PERPshort | +0.0120% | 1h | 0.5868 | +0.060% | $366 | — | 3x | |
| Nado PONS-PERP | +0.0128% | 1h | 0.5870 | +0.085% | $89K | $103K | 5x | as long as short |
| Aster PONSUSDT | +0.0149% | 4h | 0.5864 | −0.012% | $1.1M | $2.2M | 20x | as long as short |
| Binance PONSUSDT | +0.0164% | 4h | 0.5868 | +0.051% | $38.1M | $98.3M | 20x | as long as short |
| MEXC PONS_USDT | +0.0166% | 4h | 0.5869 | +0.068% | $7.5M | $5.2M | 20x | as long as short |
| Extended PONS-USD | +0.0168% | 1h | 0.5867 | +0.039% | $105K | $533K | 5x | as long as short |
| edgeX PONSUSDC | +0.0173% | 4h | 0.5886 | +0.365% | $21K | $292K | 10x | as long as short |
| BingX PONS-USDT | +0.0176% | 4h | 0.5865 | 0.000% | — | $3.1M | — | as long as short |
| Polymarket Perps PONS-USD | +0.0373% | 1h | 0.5869 | +0.061% | $37K | $1.8M | 3x | as long as short |
| BloFin PONS-USDT | +0.0407% | 4h | 0.5860 | −0.085% | $1.7M | $959K | 20x | as long as short |
| Pacifica PONS | +0.0474% | 1h | 0.5866 | +0.024% | $47K | $103K | 3x | as long as short |
| Lighter RH PONS | +0.0488% | 1h | 0.5869 | +0.073% | $415K | $2.6M | 3x | as long as short |
| Hyperliquid PONS | +0.0518% | 1h | 0.5871 | +0.099% | $58.9M | $30.0M | 3x | as long as short |
| Gate PONS_USDT | +0.0706% | 4h | 0.5863 | −0.034% | $5.1M | $6.8M | 20x | as long as short |
| Lighter PONS | +0.0952% | 1h | 0.5871 | +0.101% | $1.7M | $900K | 3x | as long as short |
| Phoenix PONS | +0.1275% | 1h | 0.5870 | +0.089% | $30K | $86K | 3x | as long as short |
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Nado PONS-PERP
Aster PONSUSDT
Binance PONSUSDT
MEXC PONS_USDT
Extended PONS-USD
edgeX PONSUSDC
BingX PONS-USDT
Polymarket Perps PONS-USD
BloFin PONS-USDT
Pacifica PONS
Lighter RH PONS
Hyperliquid PONS
Gate PONS_USDT
Lighter PONS
Phoenix PONS