PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: SoDEX against Popdex−0.032%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$307as in the Price arb table

costs, in and out, $10k−$3053.050% of the position

Long on Popdex Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.156%+$16 · spread now −0.032%, 7d avg −0.010%

Together, before fees+0.160%+$16 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.022% cheaper against Popdex than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex PONSUSDT	0.6177	0.0096	pay 0.0012% / 1h	35m 40s	$22K	$454K	20x
Short	SoDEX PONS-USD	0.6175	0.0100	get 0.0013% / 1h	35m 40s	$27K	$630K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Popdex. 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 PopdexbpFee SoDEXbpOrdersPrice spread, now −0.032%Rate

Funding earned: $0.84
Price spread: −0.032% → −0.010%: −$2.23
Slippage, 4 orders: −$290.55
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$306.34
Costs to cover: 3.050%
Break-even: 2559.8 days

Slippage from Popdex: live order book, 3 min ago; SoDEX: live order book, 3 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, 3 min ago	5.37 bp	93.4 bp −$93	doesn't fit	doesn't fit	doesn't fit
Sell SoDEX live order book, 3 min ago	1.60 bp	61.4 bp −$61	doesn't fit	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
gTrade (Gains Network) PONS/USD	L +0.0032% / S −0.0029%	1h	0.6166	−0.173%	$234K	—	150x	as long as short
Popdex PONSUSDTlong	+0.0096%	1h	0.6177	long leg	$22K	$454K	20x
Nado PONS-PERP	+0.0100%	1h	0.6176	−0.024%	$72K	$130K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6285	+1.750%	$31K	$303K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6182	+0.081%	$2K	$4K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6178	+0.010%	—	$1.2M	10x	as long as short
SoDEX PONS-USDshort	+0.0100%	1h	0.6175	−0.032%	$27K	$630K	3x
HTX PONS-USDT	+0.0100%	4h	0.6181	+0.063%	$67K	$536K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6171	−0.097%	$1.7M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0232%	1h	0.6178	+0.008%	$385	—	3x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PONS-USDT-SWAP	+0.0425%	4h	0.6165	−0.194%	$14.0M	$60.0M	20x	as long as short
Variational Omni PONS	+0.0496%	4h	0.6168	−0.149%	$1.5M	$4.2M	—	as long as short
Aster PONSUSDT	+0.0506%	4h	0.6167	−0.167%	$1.1M	$2.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0552%	4h	0.6179	+0.029%	$1.6M	$3.9M	20x	as long as short
Lighter RH PONS	+0.0568%	1h	0.6176	−0.016%	$427K	$2.6M	3x	as long as short
Pacifica PONS	+0.0572%	1h	0.6173	−0.066%	$47K	$69K	3x	as long as short
MEXC PONS_USDT	+0.0596%	4h	0.6170	−0.113%	$7.7M	$4.7M	20x	as long as short
Binance PONSUSDT	+0.0597%	4h	0.6167	−0.159%	$40.4M	$103.8M	20x	as long as short
Extended PONS-USD	+0.0600%	1h	0.6165	−0.198%	$104K	$820K	5x	as long as short
edgeX PONSUSDC	+0.0627%	4h	0.6228	+0.824%	$21K	$290K	10x	as long as short
BingX PONS-USDT	+0.0668%	4h	0.6163	−0.227%	—	$3.1M	—	as long as short
Bybit PONSUSDT	+0.0672%	4h	0.6161	−0.259%	$18.5M	$32.6M	20x	as long as short
Bitget PONSUSDT	+0.0706%	4h	0.6163	−0.219%	$4.9M	$12.8M	20x	as long as short
Hyperliquid PONS	+0.0728%	1h	0.6179	+0.028%	$62.8M	$30.3M	3x	as long as short
Lighter PONS	+0.0736%	1h	0.6176	−0.016%	$1.7M	$847K	3x	as long as short
BloFin PONS-USDT	+0.0841%	4h	0.6224	+0.761%	$1.8M	$1.0M	20x	as long as short
Gate PONS_USDT	+0.0854%	4h	0.6183	+0.097%	$5.4M	$6.4M	20x	as long as short
Injective PONS/USDC PERP	+0.1069%	1h	0.5938	−3.861%	$610	$10K	5.5x	as long as short
Polymarket Perps PONS-USD	+0.1251%	1h	0.6176	−0.024%	$67K	$2.2M	3x	as long as short
Phoenix PONS	+0.1405%	1h	0.6231	+0.871%	$47K	$127K	3x	as long as short