Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.5372 | +0.0767 | pay 0.0096% / 1h | 17m 17s | $50K | $191K | 4x | Long Arcus5% off | |
| SHORT | 0.5366 | +0.0104 | get 0.0013% / 1h | 17m 17s | $203K | $522K | 5x | Short Extended10% off |
Price gap−0.119%
Funding gap−0.0663% /8h
Funding costs $20 a day on $10k at the current rate. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$32−0.0663% /8h now · paid −0.318% over the last 2 days (all we have)
Price$0spread −0.119% now, avg −0.118% → −0.001% if it goes back
Costs−$800.799% of $10k · taker + slippage, in and out
Result−$112−1.12%+ Points / potential airdropExtended: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · loading 5m…Entry / ExitArcus: thin, under $1M open interest · Extended: thin, under $1M open interest
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.119%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hPONS on 32 exchanges
lowest funding firstBefore you open
3 ok · 2 to watch- Watch: Thin at this size13.6 / 26.5 bpAt $10k entering Extended costs 26.5 bp, fee and slippage, 1.9× Arcus’s.
- Note: Margin at max leverage$2,500 + $2,000Arcus 4x, Extended 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$19.88Long Arcus: 24 payments, −$23.00; short Extended: 24 payments, +$3.12.
- Note: Gap at its usual level−0.119% vs −0.118%The price leg adds little either way.
- Watch: Long leg is thinner$50K vs $203K OIArcus sets your exit cost. Check its book before closing.
- OK: Points on a legExtended pointsVolume here counts toward the points program.
- OK: No KYC on either legArcus No · Extended NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0556%/8h × 21 periods−$116.72
Price spread−0.119% → −0.118% (7d avg)−$0.11
Slippage, 4 orderslive order books−$70.38
Fee Arcus bp × 2 orders−$4.50
Fee Extended bp × 2 orders−$5.00
Net · 7 days · $10k−$196.71
Costs to cover0.799%Break-evennever at this rate
Slippage: Arcus: live order book, 20 min ago; Extended: live order book, 20 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGArcus6.5213.6 bp−$1424.7 bp−$247doesn’t fitdoesn’t fit
SELL · SHORTExtended11.3726.5 bp−$26150.9 bp−$1,509doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-29 11:00 | gTrade (Gains Network) | Listing | PONS/USD no longer reported ($PONS) seen by our collector |
| 09-29 02:27 | Arcus | Listing | $PONS perpetuals are now live on Arcus. Up to 4x leverage. @arcus_xyz on X ↗ |
| 09-28 19:23 | Arcus | Listing | new market PONS-USD ($PONS) seen by our collector |
| 09-25 11:16 | Kraken Futures | Listing | new market PF_PONSUSD ($PONS) seen by our collector |
| 09-22 17:11 | Avantis | Listing | new market PONS/USD ($PONS) seen by our collector |
| 09-22 13:03 | Bybit | Other | 📣 $PONS is officially listed on #BybitSpot with @ponsdotfamily! Pons is a token launchpad on the Robinhood blockchain, where users can pair tokens with Stock Tokens, ETH, USDG, and more. Tokens are launched through a "fair launch" process with a bonding curve. @Bybit_Official on X ↗ |
gTrade (Gains Network)
Kraken Futures
Avantis
Bybit