Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Orderly against Popdex+0.067%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 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 between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.067% dearer against Popdex than usual: you sell high and buy low, +$7 on $10k if it 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 | Popdex PONSUSDT | 0.6111 | 0.0096 | pay 0.0012% / 1h | 30m 53s | $20K | $415K | 20x |
| Short | Orderly PERP_PONS_USDC_mythos | 0.6115 | 0.0100 | get 0.0050% / 4h | 3h 30m | $2K | $3K | 10x |
Popdex PONSUSDT
Orderly PERP_PONS_USDC_mythosFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- $0.84
- Price spread: +0.067% → 0.000%
- $6.71
- Slippage, 4 orders
- no order book: not counted
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$4.85
- Costs to cover
- 0.124%
- Break-even
- 47.4 days
Slippage unknown: Popdex: live order book, 43 min ago; Orderly: 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 Popdex live order book, 43 min ago | 3.69 bp | 64.7 bp −$65 | doesn't fit | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
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 | 0.6099 | −0.199% | $242K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | −2.315% | $614 | $10K | 5.5x | as long as short |
| Lighter RH PONS | +0.0096% | 1h | 0.6106 | −0.077% | $432K | $2.6M | 3x | as long as short |
| Popdex PONSUSDTlong | +0.0096% | 1h | 0.6111 | long leg | $20K | $415K | 20x | |
| Variational Omni PONS | +0.0100% | 4h | 0.6105 | −0.105% | $1.4M | $4.1M | — | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6102 | −0.147% | $33K | $359K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythosshort | +0.0100% | 4h | 0.6115 | +0.067% | $2K | $3K | 10x | |
| SunX PONS-USDT | +0.0100% | 4h | 0.6108 | −0.057% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.6108 | −0.057% | $28K | $547K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6120 | +0.144% | $65K | $511K | 20x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Lighter RH PONS
Variational Omni PONS
ApeX Omni PONSUSDT
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex PONSUSDT | +0.0100% | 4h | 0.6098 | −0.213% | $1.7M | $3.2M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.0160% | 4h | 0.6100 | −0.180% | $13.9M | $57.1M | 20x | as long as short |
| Aevo PONS-PERP | +0.0168% | 1h | 0.6107 | −0.065% | $380 | — | 3x | as long as short |
| KuCoin PONSUSDTM | +0.0178% | 4h | 0.6102 | −0.139% | $1.8M | $3.7M | 20x | as long as short |
| Bitget PONSUSDT | +0.0228% | 4h | 0.6107 | −0.061% | $4.8M | $11.4M | 20x | as long as short |
| Aster PONSUSDT | +0.0249% | 4h | 0.6106 | −0.077% | $1.1M | $2.1M | 20x | as long as short |
| MEXC PONS_USDT | +0.0342% | 4h | 0.6105 | −0.098% | $8.0M | $4.8M | 20x | as long as short |
| edgeX PONSUSDC | +0.0350% | 4h | 0.6075 | −0.583% | $21K | $294K | 10x | as long as short |
| Binance PONSUSDT | +0.0350% | 4h | 0.6100 | −0.180% | $40.0M | $96.8M | 20x | as long as short |
| Extended PONS-USD | +0.0352% | 1h | 0.6104 | −0.119% | $252K | $679K | 5x | as long as short |
| Lighter PONS | +0.0456% | 1h | 0.6108 | −0.057% | $1.7M | $909K | 3x | as long as short |
| BloFin PONS-USDT | +0.0590% | 4h | 0.6105 | −0.098% | $1.8M | $1.0M | 20x | as long as short |
| Nado PONS-PERP | +0.0606% | 1h | 0.6107 | −0.058% | $105K | $115K | 5x | as long as short |
| Bybit PONSUSDT | +0.0647% | 4h | 0.6097 | −0.229% | $18.3M | $30.9M | 20x | as long as short |
| Pacifica PONS | +0.0665% | 1h | 0.6109 | −0.039% | $48K | $87K | 3x | as long as short |
| BingX PONS-USDT | +0.0682% | 4h | 0.6100 | −0.180% | — | $3.1M | — | as long as short |
| Polymarket Perps PONS-USD | +0.0756% | 1h | 0.6110 | −0.023% | $44K | $1.6M | 3x | as long as short |
| Hyperliquid PONS | +0.0900% | 1h | 0.6105 | −0.092% | $62.1M | $29.2M | 3x | as long as short |
| Gate PONS_USDT | +0.0916% | 4h | 0.6102 | −0.147% | $5.3M | $6.2M | 20x | as long as short |
| Phoenix PONS | +0.1608% | 1h | 0.6077 | −0.550% | $31K | $113K | 3x | as long as short |
Phemex PONSUSDT
OKX PONS-USDT-SWAP
Aevo PONS-PERP
KuCoin PONSUSDTM
Bitget PONSUSDT
Aster PONSUSDT
MEXC PONS_USDT
edgeX PONSUSDC
Binance PONSUSDT
Extended PONS-USD
Lighter PONS
BloFin PONS-USDT
Nado PONS-PERP
Bybit PONSUSDT
Pacifica PONS
BingX PONS-USDT
Polymarket Perps PONS-USD
Hyperliquid PONS
Gate PONS_USDT
Phoenix PONS