Funding you earn now, next payment 22:00 UTC−0.0028%/8h= −3.1% APRpaid last 24h +0.092%
Price spread now: Bitget against Aevo−0.267%52s7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$1 a day on $10k at the current rate, and Bitget is 0.267% cheaper against Aevo than usual: you would sell low and buy high (−$27 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 52 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 | Aevo PONS-PERP | 0.5904 | 0.0128 | pay 0.0016% / 1h | 13m 26s | $368 | — | 3x |
| Short | Bitget PONSUSDT | 0.5888 | 0.0100 | get 0.0050% / 4h | 2h 13m | $4.6M | $11.7M | 20x |
Aevo PONS-PERP
Bitget PONSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Aevo. 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
- −$5.88
- Price spread: −0.267% → 0.000%
- −$26.68
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$60.56
- Costs to cover
- 0.280%
- Break-even
- never at this rate
Slippage unknown: Aevo: no order-book sample; Bitget: 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 Aevo no order-book sample | — | — | — | — | — |
| Sell Bitget live order book, 5 min ago | 2.71 bp | 19.1 bp −$19 | 48.6 bp −$486 | doesn't fit | doesn't fit |
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 | 0.5897 | −0.116% | $216K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0066% | 1h | 0.5920 | +0.262% | $609 | $6K | 5.5x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.5887 | −0.290% | $21K | $443K | 20x | as long as short |
| Bybit PONSUSDT | +0.0100% | 4h | 0.5885 | −0.324% | $17.6M | $31.8M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.0100% | 4h | 0.5885 | −0.324% | $13.4M | $56.0M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0100% | 4h | 0.5895 | −0.148% | $1.7M | $3.7M | 20x | as long as short |
| Bitget PONSUSDTshort | +0.0100% | 4h | 0.5888 | −0.267% | $4.6M | $11.7M | 20x | |
| Variational Omni PONS | +0.0100% | 4h | 0.5905 | +0.018% | $1.3M | $4.3M | — | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.5909 | +0.084% | $34K | $336K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.5911 | +0.118% | $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
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 | 0.5907 | +0.052% | — | $1.4M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.5903 | −0.028% | $27K | $549K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.5903 | −0.013% | $64K | $505K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.5898 | −0.104% | $1.6M | $3.3M | 20x | as long as short |
| Nado PONS-PERP | +0.0103% | 1h | 0.5892 | −0.206% | $89K | $103K | 5x | as long as short |
| Aevo PONS-PERPlong | +0.0128% | 1h | 0.5904 | long leg | $368 | — | 3x | |
| BingX PONS-USDT | +0.0178% | 4h | 0.5888 | −0.274% | — | $3.1M | — | as long as short |
| Aster PONSUSDT | +0.0180% | 4h | 0.5896 | −0.143% | $1.1M | $2.2M | 20x | as long as short |
| MEXC PONS_USDT | +0.0180% | 4h | 0.5894 | −0.172% | $7.5M | $5.2M | 20x | as long as short |
| Binance PONSUSDT | +0.0182% | 4h | 0.5887 | −0.291% | $38.3M | $98.3M | 20x | as long as short |
| Extended PONS-USD | +0.0184% | 1h | 0.5891 | −0.231% | $106K | $533K | 5x | as long as short |
| edgeX PONSUSDC | +0.0194% | 4h | 0.5909 | +0.075% | $21K | $294K | 10x | as long as short |
| Polymarket Perps PONS-USD | +0.0364% | 1h | 0.5886 | −0.302% | $37K | $1.8M | 3x | as long as short |
| BloFin PONS-USDT | +0.0420% | 4h | 0.5913 | +0.150% | $1.7M | $967K | 20x | as long as short |
| Pacifica PONS | +0.0474% | 1h | 0.5893 | −0.184% | $47K | $103K | 3x | as long as short |
| Hyperliquid PONS | +0.0488% | 1h | 0.5889 | −0.262% | $59.0M | $30.1M | 3x | as long as short |
| Lighter RH PONS | +0.0584% | 1h | 0.5897 | −0.121% | $415K | $2.6M | 3x | as long as short |
| Gate PONS_USDT | +0.0784% | 4h | 0.5884 | −0.341% | $5.1M | $6.8M | 20x | as long as short |
| Lighter PONS | +0.1008% | 1h | 0.5898 | −0.106% | $1.7M | $889K | 3x | as long as short |
| Phoenix PONS | +0.1275% | 1h | 0.5911 | +0.109% | $30K | $86K | 3x | as long as short |
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDT
Nado PONS-PERP
BingX PONS-USDT
Aster PONSUSDT
MEXC PONS_USDT
Binance PONSUSDT
Extended PONS-USD
edgeX PONSUSDC
Polymarket Perps PONS-USD
BloFin PONS-USDT
Pacifica PONS
Hyperliquid PONS
Lighter RH PONS
Gate PONS_USDT
Lighter PONS
Phoenix PONS