Funding you earn now, next payment 00:00 UTC+0.0208%/8h= +22.8% APRnext payment +$0.26 per $10,000 · paid last 24h +0.093%
Price spread now: Extended against Popdex+0.135%7-day average −0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$212as in the Price arb table
costs, in and out, $10k−$2282.283% of the position
Funding, last 3 days (all we have)+0.316%+$32 on $10k
+Price spread, last 4 days (all we have)−0.187%−$19 · spread now +0.135%, 7d avg −0.032%
=Together, before fees+0.129%+ Points / potential airdropExtended: Active · farm board+$13 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Extended is 0.167% dearer against Popdex than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.032%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Popdex PONSUSDT | 0.6104 | 0.0096 | pay 0.0012% / 1h | 23m 01s | $20K | $436K | 20x |
| Short | Extended PONS-USD | 0.6112 | 0.0304 | get 0.0038% / 1h | 23m 01s | $253K | $682K | 5x |
Popdex PONSUSDT
Extended PONS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Popdex. 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
- $43.68
- Price spread: +0.135% → −0.032%
- $16.66
- Slippage, 4 orders
- −$216.93
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$167.99
- Costs to cover
- 2.283%
- Break-even
- 33.9 days
Slippage from Popdex: live order book, 56 min ago; Extended: live order book, 55 min ago.
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 Popdex live order book, 56 min ago | 10.77 bp | 85.9 bp −$86 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 55 min ago | 11.94 bp | 26.3 bp −$26 | 183.1 bp −$1,831 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −0.0047% | 1h | 0.5969 | −2.203% | $614 | $10K | 5.5x | as long as short |
| gTrade (Gains Network) PONS/USD | L +0.0033% / S −0.0033% | 1h | 0.6099 | −0.084% | $241K | — | 150x | as long as short |
| Lighter RH PONS | +0.0096% | 1h | 0.6109 | +0.080% | $426K | $2.6M | 3x | as long as short |
| Popdex PONSUSDTlong | +0.0096% | 1h | 0.6104 | long leg | $20K | $436K | 20x | |
| Nado PONS-PERP | +0.0100% | 1h | 0.6107 | +0.049% | $88K | $107K | 5x | as long as short |
| Bybit PONSUSDT | +0.0100% | 4h | 0.6113 | +0.147% | $18.4M | $31.6M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.0100% | 4h | 0.6115 | +0.180% | $13.9M | $58.0M | 20x | as long as short |
| Variational Omni PONS | +0.0100% | 4h | 0.6129 | +0.414% | $1.4M | $4.2M | — | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6132 | +0.457% | $34K | $360K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6114 | +0.170% | $2K | $3K | 10x | as long as short |
Injective PONS/USDC PERP
gTrade (Gains Network) PONS/USD
Lighter RH PONS
Nado PONS-PERP
Bybit PONSUSDT
OKX PONS-USDT-SWAP
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 | 0.6111 | +0.123% | — | $1.4M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.6112 | +0.125% | $28K | $546K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6130 | +0.431% | $65K | $509K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.6114 | +0.164% | $1.7M | $3.3M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0120% | 4h | 0.6109 | +0.074% | $1.8M | $3.7M | 20x | as long as short |
| Bitget PONSUSDT | +0.0146% | 4h | 0.6116 | +0.195% | $4.8M | $11.7M | 20x | as long as short |
| Aster PONSUSDT | +0.0156% | 4h | 0.6113 | +0.146% | $1.1M | $2.2M | 20x | as long as short |
| Aevo PONS-PERP | +0.0160% | 1h | 0.6112 | +0.133% | $381 | — | 3x | as long as short |
| edgeX PONSUSDC | +0.0304% | 4h | 0.6119 | +0.252% | $21K | $292K | 10x | as long as short |
| Lighter PONS | +0.0304% | 1h | 0.6110 | +0.106% | $1.7M | $923K | 3x | as long as short |
| Extended PONS-USDshort | +0.0304% | 1h | 0.6112 | +0.135% | $253K | $682K | 5x | |
| MEXC PONS_USDT | +0.0304% | 4h | 0.6114 | +0.164% | $8.0M | $4.9M | 20x | as long as short |
| Binance PONSUSDT | +0.0304% | 4h | 0.6114 | +0.158% | $40.1M | $98.7M | 20x | as long as short |
| BingX PONS-USDT | +0.0304% | 4h | 0.6117 | +0.213% | — | $3.0M | — | as long as short |
| BloFin PONS-USDT | +0.0544% | 4h | 0.6111 | +0.115% | $1.8M | $1.0M | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.0648% | 1h | 0.6109 | +0.082% | $42K | $1.7M | 3x | as long as short |
| Hyperliquid PONS | +0.0865% | 1h | 0.6119 | +0.252% | $62.3M | $30.0M | 3x | as long as short |
| Pacifica PONS | +0.0899% | 1h | 0.6109 | +0.078% | $48K | $96K | 3x | as long as short |
| Phoenix PONS | +0.1307% | 1h | 0.6121 | +0.272% | $31K | $102K | 3x | as long as short |
| Gate PONS_USDT | +0.2406% | 4h | 0.6107 | +0.049% | $5.3M | $6.3M | 20x | as long as short |
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDT
KuCoin PONSUSDTM
Bitget PONSUSDT
Aster PONSUSDT
Aevo PONS-PERP
edgeX PONSUSDC
Lighter PONS
MEXC PONS_USDT
Binance PONSUSDT
BingX PONS-USDT
BloFin PONS-USDT
Polymarket Perps PONS-USD
Hyperliquid PONS
Pacifica PONS
Phoenix PONS
Gate PONS_USDT