PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0015%/8h= +1.7% APRnext payment +$0.08 per $10,000 · paid last 24h +0.065%

Price spread now: Bybit against Aster−0.037%7-day average +0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$530.531% of the position

Long on Aster Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.231%+$23 on $10k

Price spread, last 7 days+0.147%+$15 · spread now −0.037%, 7d avg +0.029%

Together, before fees+0.378%+ Points / potential airdropAster: Stage 5 · farm board+$38 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.067% cheaper against Aster than usual: you would sell low and buy high (spread −0.037% now, against its 7-day average of +0.029%). If the spread goes back, that is −$7 on $10k: about 14 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.231% in total) that is about 2.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster PONSUSDT	0.6061	0.0339	pay 0.0170% / 4h	2h 50m	$1.1M	$2.0M	20x
Short	Bybit PONSUSDT	0.6059	0.0355	get 0.0177% / 4h	2h 50m	$18.2M	$30.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.037%Rate

Funding earned: $3.24
Price spread: −0.037% → +0.029%: −$6.66
Slippage, 4 orders: −$34.12
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$56.54
Costs to cover: 0.531%
Break-even: 129.1 days

Slippage from Aster: live order book, 2 min ago; Bybit: 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 Aster live order book, 2 min ago	3.90 bp	9.5 bp −$10	31.4 bp −$314	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	0.83 bp	16.2 bp −$16	42.8 bp −$428	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 −0.0033%	1h	0.6038	−0.389%	$239K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.514%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6050	−0.186%	$18K	$422K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6048	−0.226%	$1.4M	$4.1M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6019	−0.704%	$33K	$353K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6058	−0.055%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6049	−0.196%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6051	−0.161%	$26K	$529K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6067	+0.100%	$65K	$510K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6042	−0.318%	$1.7M	$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
Aevo PONS-PERP	+0.0184%	1h	0.6052	−0.144%	$377	—	3x	as long as short
KuCoin PONSUSDTM	+0.0230%	4h	0.6054	−0.125%	$1.7M	$3.7M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0230%	4h	0.6063	+0.029%	$13.9M	$56.0M	20x	as long as short
Bitget PONSUSDT	+0.0292%	4h	0.6067	+0.093%	$4.7M	$11.4M	20x	as long as short
Aster PONSUSDTlong	+0.0339%	4h	0.6061	long leg	$1.1M	$2.0M	20x
Lighter RH PONS	+0.0352%	1h	0.6049	−0.204%	$421K	$2.5M	3x	as long as short
Bybit PONSUSDTshort	+0.0355%	4h	0.6059	−0.037%	$18.2M	$30.8M	20x
Lighter PONS	+0.0376%	1h	0.6050	−0.189%	$1.7M	$881K	3x	as long as short
MEXC PONS_USDT	+0.0378%	4h	0.6061	−0.004%	$7.8M	$4.7M	20x	as long as short
edgeX PONSUSDC	+0.0379%	4h	0.6027	−0.572%	$21K	$292K	10x	as long as short
BingX PONS-USDT	+0.0384%	4h	0.6067	+0.095%	—	$3.1M	—	as long as short
Extended PONS-USD	+0.0400%	1h	0.6058	−0.059%	$250K	$682K	5x	as long as short
Binance PONSUSDT	+0.0400%	4h	0.6060	−0.027%	$39.8M	$96.0M	20x	as long as short
Nado PONS-PERP	+0.0425%	1h	0.6044	−0.285%	$71K	$132K	5x	as long as short
BloFin PONS-USDT	+0.0640%	4h	0.6045	−0.268%	$1.8M	$980K	20x	as long as short
Hyperliquid PONS	+0.0754%	1h	0.6055	−0.110%	$61.6M	$28.7M	3x	as long as short
Gate PONS_USDT	+0.0796%	4h	0.6046	−0.252%	$5.3M	$6.1M	20x	as long as short
Polymarket Perps PONS-USD	+0.0822%	1h	0.6047	−0.232%	$46K	$1.6M	3x	as long as short
Pacifica PONS	+0.0869%	1h	0.6044	−0.286%	$48K	$78K	3x	as long as short
Phoenix PONS	+0.1695%	1h	0.6016	−0.747%	$31K	$107K	3x	as long as short