PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0054%/8h= +5.9% APRnext payment +$0.27 per $10,000 · paid last 24h +0.041%

Price spread now: Bitget against Aster+0.421%7-day average +0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$630.628% of the position

Long on Aster Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.272%+$27 on $10k

Price spread, last 7 days−0.435%−$44 · spread now +0.421%, 7d avg +0.057%

Together, before fees−0.163%+ Points / potential airdropAster: Stage 5 · farm board−$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bitget is 0.365% dearer against Aster than usual: you sell high and buy low: +$36 more if the spread goes back to its 7-day average of +0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster PONSUSDT	0.5910	0.0384	pay 0.0192% / 4h	57m 29s	$1.1M	$2.1M	20x
Short	Bitget PONSUSDT	0.5935	0.0438	get 0.0219% / 4h	57m 29s	$4.6M	$11.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Aster. 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 AsterbpFee BitgetbpOrdersPrice spread, now +0.421%Rate

Funding earned: $11.27
Price spread: +0.421% → +0.057%: $36.47
Slippage, 4 orders: −$42.82
Fee Aster: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$15.08
Costs to cover: 0.628%
Break-even: 16.4 days

Slippage from Aster: live order book, 1 min ago; Bitget: live order book, 1 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 Aster live order book, 1 min ago	4.31 bp	11.1 bp −$11	28.4 bp −$284	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	1.44 bp	17.3 bp −$17	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 +0.0033% / S −0.0032%	1h	0.5922	+0.197%	$235K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+1.007%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5922	+0.203%	$21K	$435K	20x	as long as short
Gate PONS_USDT	+0.0100%	4h	0.5932	+0.372%	$5.2M	$6.2M	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5951	+0.695%	$33K	$351K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5934	+0.398%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5948	+0.645%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5917	+0.118%	$26K	$527K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5925	+0.255%	$64K	$510K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5925	+0.254%	$1.6M	$3.2M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter PONS	+0.0144%	1h	0.5915	+0.080%	$1.6M	$877K	3x	as long as short
Variational Omni PONS	+0.0184%	4h	0.5935	+0.429%	$1.4M	$3.9M	—	as long as short
Lighter RH PONS	+0.0192%	1h	0.5914	+0.064%	$400K	$2.4M	3x	as long as short
Aevo PONS-PERP	+0.0208%	1h	0.5923	+0.228%	$369	—	3x	as long as short
Nado PONS-PERP	+0.0297%	1h	0.5920	+0.169%	$69K	$129K	5x	as long as short
OKX PONS-USDT-SWAP	+0.0334%	4h	0.5930	+0.338%	$13.5M	$54.4M	20x	as long as short
Aster PONSUSDTlong	+0.0384%	4h	0.5910	long leg	$1.1M	$2.1M	20x
Bitget PONSUSDTshort	+0.0438%	4h	0.5935	+0.421%	$4.6M	$11.4M	20x
Bybit PONSUSDT	+0.0466%	4h	0.5929	+0.321%	$17.7M	$30.7M	20x	as long as short
BingX PONS-USDT	+0.0490%	4h	0.5938	+0.474%	—	$3.0M	—	as long as short
KuCoin PONSUSDTM	+0.0510%	4h	0.5934	+0.404%	$1.6M	$3.7M	20x	as long as short
Extended PONS-USD	+0.0520%	1h	0.5907	−0.042%	$106K	$809K	5x	as long as short
MEXC PONS_USDT	+0.0520%	4h	0.5924	+0.237%	$7.5M	$4.7M	20x	as long as short
edgeX PONSUSDC	+0.0520%	4h	0.5943	+0.553%	$18K	$294K	10x	as long as short
Binance PONSUSDT	+0.0520%	4h	0.5930	+0.345%	$39.0M	$94.9M	20x	as long as short
BloFin PONS-USDT	+0.0756%	4h	0.5954	+0.745%	$1.8M	$961K	20x	as long as short
Hyperliquid PONS	+0.0769%	1h	0.5937	+0.448%	$60.5M	$27.8M	3x	as long as short
Polymarket Perps PONS-USD	+0.0837%	1h	0.5928	+0.308%	$67K	$1.6M	3x	as long as short
Pacifica PONS	+0.0859%	1h	0.5911	+0.017%	$47K	$67K	3x	as long as short
Phoenix PONS	+0.1639%	1h	0.5918	+0.140%	$31K	$104K	3x	as long as short