Funding you earn now, next payment 00:00 UTC−0.0049%/8h= −5.3% APRnext payment −$0.24 per $10,000 · paid last 24h −0.055%
Price spread now: Phemex against Aster−0.053%7-day average +0.055% · you buy dearer than you sell
Net, funding: paid 7d − costs−$113as in the Funding arb table
Net, price: spread back to 7d avg − costs−$113as in the Price arb table
costs, in and out, $10k−$1021.024% of the position
Funding, last 7 days−0.104%−$10 on $10k
+Price spread, last 3 days (all we have)+0.341%+$34 · spread now −0.053%, 7d avg +0.055%
=Together, before fees+0.238%+ Points / potential airdropAster: Stage 5 · farm board+$24 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Phemex is 0.107% cheaper against Aster than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.055%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster PONSUSDT | 0.5992 | 0.0149 | pay 0.0074% / 4h | 1h 23m | $1.1M | $2.2M | 20x |
| Short | Phemex PONSUSDT | 0.5989 | 0.0100 | get 0.0050% / 4h | 1h 23m | $1.7M | $3.3M | 20x |
Aster PONSUSDT
Phemex PONSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$10.2
- Price spread: −0.053% → +0.055%
- −$10.73
- Slippage, 4 orders
- −$82.39
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$123.32
- Costs to cover
- 1.024%
- Break-even
- never at this rate
Slippage from Aster: live order book, 5 min ago; Phemex: live order book, 6 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, 5 min ago | 3.28 bp | 13.3 bp −$13 | 33.5 bp −$335 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 6 min ago | 5.04 bp | 36.1 bp −$36 | 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 −0.0034% | 1h | 0.5981 | −0.187% | $219K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | −0.378% | $614 | $10K | 5.5x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.5989 | −0.053% | $19K | $438K | 20x | as long as short |
| Bybit PONSUSDT | +0.0100% | 4h | 0.5984 | −0.136% | $17.9M | $31.5M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.0100% | 4h | 0.5984 | −0.136% | $13.5M | $56.3M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0100% | 4h | 0.5990 | −0.031% | $1.8M | $3.7M | 20x | as long as short |
| Bitget PONSUSDT | +0.0100% | 4h | 0.5990 | −0.033% | $4.7M | $11.6M | 20x | as long as short |
| Variational Omni PONS | +0.0100% | 4h | 0.5961 | −0.516% | $1.4M | $4.3M | — | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.5994 | +0.036% | $35K | $350K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.5995 | +0.049% | $3K | $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
Bitget PONSUSDT
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 | 0.5990 | −0.028% | — | $1.4M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.5988 | −0.078% | $27K | $548K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6000 | +0.124% | $64K | $506K | 20x | as long as short |
| Phemex PONSUSDTshort | +0.0100% | 4h | 0.5989 | −0.053% | $1.7M | $3.3M | 20x | |
| Aevo PONS-PERP | +0.0128% | 1h | 0.5987 | −0.086% | $373 | — | 3x | as long as short |
| Aster PONSUSDTlong | +0.0149% | 4h | 0.5992 | long leg | $1.1M | $2.2M | 20x | |
| BingX PONS-USDT | +0.0169% | 4h | 0.5988 | −0.069% | — | $3.1M | — | as long as short |
| edgeX PONSUSDC | +0.0174% | 4h | 0.5991 | −0.017% | $21K | $292K | 10x | as long as short |
| MEXC PONS_USDT | +0.0182% | 4h | 0.5987 | −0.086% | $7.7M | $4.9M | 20x | as long as short |
| Extended PONS-USD | +0.0192% | 1h | 0.5986 | −0.103% | $248K | $667K | 5x | as long as short |
| Binance PONSUSDT | +0.0192% | 4h | 0.5988 | −0.074% | $38.9M | $97.8M | 20x | as long as short |
| Nado PONS-PERP | +0.0236% | 1h | 0.5988 | −0.072% | $91K | $103K | 5x | as long as short |
| Lighter RH PONS | +0.0400% | 1h | 0.5989 | −0.054% | $423K | $2.7M | 3x | as long as short |
| BloFin PONS-USDT | +0.0432% | 4h | 0.5985 | −0.119% | $1.7M | $981K | 20x | as long as short |
| Pacifica PONS | +0.0451% | 1h | 0.5986 | −0.095% | $47K | $96K | 3x | as long as short |
| Polymarket Perps PONS-USD | +0.0499% | 1h | 0.5991 | −0.019% | $37K | $1.7M | 3x | as long as short |
| Hyperliquid PONS | +0.0679% | 1h | 0.5992 | +0.004% | $60.5M | $30.0M | 3x | as long as short |
| Lighter PONS | +0.0752% | 1h | 0.5989 | −0.054% | $1.7M | $998K | 3x | as long as short |
| Gate PONS_USDT | +0.1288% | 4h | 0.5984 | −0.136% | $5.2M | $6.5M | 20x | as long as short |
| Phoenix PONS | +0.1398% | 1h | 0.5990 | −0.041% | $30K | $96K | 3x | as long as short |
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Aevo PONS-PERP
BingX PONS-USDT
edgeX PONSUSDC
MEXC PONS_USDT
Extended PONS-USD
Binance PONSUSDT
Nado PONS-PERP
Lighter RH PONS
BloFin PONS-USDT
Pacifica PONS
Polymarket Perps PONS-USD
Hyperliquid PONS
Lighter PONS
Gate PONS_USDT
Phoenix PONS