Funding you earn now, next payment 03:00 UTC−0.0223%/8h= −24.4% APRpaid last 24h −0.020%
Price spread now: Aevo against Aster−0.060%49s7-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
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Aevo is 0.060% cheaper against Aster than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 49 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 | Aster PONSUSDT | 0.6002 | 0.0423 | pay 0.0211% / 4h | 1h 19m | $1.1M | $2.1M | 20x |
| Short | Aevo PONS-PERP | 0.5998 | 0.0200 | get 0.0025% / 1h | 19m 39s | $374 | — | 3x |
Aster PONSUSDT
Aevo PONS-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against Aster. 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
- −$46.82
- Price spread: −0.060% → 0.000%
- −$5.98
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$76.8
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: Aster: live order book, 4 min ago; Aevo: 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 Aster live order book, 4 min ago | 3.53 bp | 11.1 bp −$11 | 30.8 bp −$308 | doesn't fit | doesn't fit |
| Sell Aevo no order-book sample | — | — | — | — | — |
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 +0.0033% / S −0.0033% | 1h | 0.5984 | −0.299% | $237K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | −0.534% | $614 | $10K | 5.5x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6004 | +0.041% | $21K | $434K | 20x | as long as short |
| Gate PONS_USDT | +0.0100% | 4h | 0.5987 | −0.242% | $5.2M | $6.3M | 20x | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.5984 | −0.299% | $33K | $351K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6002 | +0.006% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.5995 | −0.115% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.5995 | −0.107% | $26K | $521K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.5996 | −0.094% | $64K | $508K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.5984 | −0.292% | $1.6M | $3.2M | 20x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
Gate PONS_USDT
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni PONS | +0.0189% | 4h | 0.5977 | −0.410% | $1.4M | $3.9M | — | as long as short |
| Aevo PONS-PERPshort | +0.0200% | 1h | 0.5998 | −0.060% | $374 | — | 3x | |
| Nado PONS-PERP | +0.0211% | 1h | 0.6002 | +0.006% | $70K | $129K | 5x | as long as short |
| Lighter RH PONS | +0.0224% | 1h | 0.5998 | −0.060% | $411K | $2.5M | 3x | as long as short |
| Lighter PONS | +0.0272% | 1h | 0.5998 | −0.060% | $1.7M | $875K | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.0299% | 4h | 0.6004 | +0.041% | $13.6M | $54.6M | 20x | as long as short |
| Bitget PONSUSDT | +0.0408% | 4h | 0.6007 | +0.085% | $4.7M | $11.3M | 20x | as long as short |
| Aster PONSUSDTlong | +0.0423% | 4h | 0.6002 | long leg | $1.1M | $2.1M | 20x | |
| KuCoin PONSUSDTM | +0.0434% | 4h | 0.6005 | +0.061% | $1.7M | $3.7M | 20x | as long as short |
| edgeX PONSUSDC | +0.0489% | 4h | 0.5988 | −0.219% | $18K | $293K | 10x | as long as short |
| MEXC PONS_USDT | +0.0494% | 4h | 0.6001 | −0.009% | $7.6M | $4.7M | 20x | as long as short |
| Extended PONS-USD | +0.0496% | 1h | 0.6001 | −0.002% | $247K | $670K | 5x | as long as short |
| BingX PONS-USDT | +0.0502% | 4h | 0.6006 | +0.075% | — | $3.0M | — | as long as short |
| Binance PONSUSDT | +0.0505% | 4h | 0.6003 | +0.025% | $39.3M | $94.0M | 20x | as long as short |
| Bybit PONSUSDT | +0.0514% | 4h | 0.5998 | −0.059% | $17.9M | $30.5M | 20x | as long as short |
| Hyperliquid PONS | +0.0709% | 1h | 0.5997 | −0.079% | $61.1M | $27.6M | 3x | as long as short |
| BloFin PONS-USDT | +0.0724% | 4h | 0.5990 | −0.192% | $1.7M | $959K | 20x | as long as short |
| Pacifica PONS | +0.0755% | 1h | 0.6000 | −0.022% | $47K | $70K | 3x | as long as short |
| Polymarket Perps PONS-USD | +0.0807% | 1h | 0.5993 | −0.140% | $51K | $1.6M | 3x | as long as short |
| Phoenix PONS | +0.1639% | 1h | 0.5961 | −0.670% | $31K | $98K | 3x | as long as short |
Variational Omni PONS
Nado PONS-PERP
Lighter RH PONS
Lighter PONS
OKX PONS-USDT-SWAP
Bitget PONSUSDT
KuCoin PONSUSDTM
edgeX PONSUSDC
MEXC PONS_USDT
Extended PONS-USD
BingX PONS-USDT
Binance PONSUSDT
Bybit PONSUSDT
Hyperliquid PONS
BloFin PONS-USDT
Pacifica PONS
Polymarket Perps PONS-USD
Phoenix PONS