PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0046%/8h= −5.1% APRnext payment −$0.23 per $10,000 · paid last 24h −0.043%

Price spread now: Aster against Binance−0.158%7-day average −0.075% · you buy dearer than you sell

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$500.497% of the position

Long on Binance Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.330%−$33 on $10k

Price spread, last 7 days+0.066%+$7 · spread now −0.158%, 7d avg −0.075%

Together, before fees−0.264%+ Points / potential airdropAster: Stage 5 · farm board−$26 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 Aster is 0.083% cheaper against Binance than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.075%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PONSUSDT	0.6095	0.0221	pay 0.0110% / 4h	1h 01m	$39.7M	$98.4M	20x
Short	Aster PONSUSDT	0.6086	0.0175	get 0.0087% / 4h	1h 01m	$1.1M	$2.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Binance. 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 BinancebpFee AsterbpOrdersPrice spread, now −0.158%Rate

Funding earned: −$9.73
Price spread: −0.158% → −0.075%: −$8.32
Slippage, 4 orders: −$31.71
Fee Binance: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$67.76
Costs to cover: 0.497%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; Aster: live order book, 2 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 Binance live order book, 11 min ago	0.83 bp	13.6 bp −$14	48.9 bp −$489	doesn't fit	doesn't fit
Sell Aster live order book, 2 min ago	3.64 bp	11.4 bp −$11	32.2 bp −$322	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 −0.0036%	1h	0.6083	−0.206%	$229K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−2.066%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6098	+0.042%	$18K	$446K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.6095	−0.007%	$18.3M	$31.7M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.6095	−0.007%	$13.8M	$57.7M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.6089	−0.107%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.6092	−0.050%	$4.8M	$11.7M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6007	−1.448%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6050	−0.737%	$35K	$356K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6092	−0.048%	$3K	$3K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX PONS-USDT	+0.0100%	4h	0.6095	−0.004%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6092	−0.056%	$28K	$547K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6089	−0.097%	$65K	$508K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6087	−0.138%	$1.7M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.6085	−0.169%	$379	—	3x	as long as short
Aster PONSUSDTshort	+0.0175%	4h	0.6086	−0.158%	$1.1M	$2.2M	20x
BingX PONS-USDT	+0.0194%	4h	0.6089	−0.105%	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0195%	4h	0.6058	−0.621%	$21K	$294K	10x	as long as short
Nado PONS-PERP	+0.0207%	1h	0.6092	−0.056%	$88K	$105K	5x	as long as short
MEXC PONS_USDT	+0.0220%	4h	0.6092	−0.056%	$8.1M	$5.0M	20x	as long as short
Binance PONSUSDTlong	+0.0221%	4h	0.6095	long leg	$39.7M	$98.4M	20x
Extended PONS-USD	+0.0224%	1h	0.6092	−0.059%	$251K	$679K	5x	as long as short
Lighter RH PONS	+0.0328%	1h	0.6091	−0.064%	$430K	$2.7M	3x	as long as short
BloFin PONS-USDT	+0.0443%	4h	0.6050	−0.745%	$1.7M	$989K	20x	as long as short
Pacifica PONS	+0.0451%	1h	0.6089	−0.109%	$48K	$96K	3x	as long as short
Polymarket Perps PONS-USD	+0.0520%	1h	0.6091	−0.074%	$38K	$1.7M	3x	as long as short
Lighter PONS	+0.0688%	1h	0.6092	−0.058%	$1.7M	$1.0M	3x	as long as short
Hyperliquid PONS	+0.0703%	1h	0.6093	−0.040%	$61.8M	$30.4M	3x	as long as short
Phoenix PONS	+0.1398%	1h	0.6015	−1.324%	$31K	$96K	3x	as long as short
Gate PONS_USDT	+0.1666%	4h	0.6083	−0.204%	$5.3M	$6.5M	20x	as long as short