PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0029%/8h= −3.2% APRnext payment −$0.15 per $10,000 · paid last 24h −0.017%

Price spread now: Bitget against Binance−0.048%7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$500.505% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.060%−$6 on $10k

Price spread, last 7 days−0.006%−$1 · spread now −0.048%, 7d avg −0.015%

Together, before fees−0.066%−$7 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 Bitget is 0.032% cheaper against Binance than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.015%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PONSUSDT	0.5884	0.0599	pay 0.0300% / 4h	2h 32m	$38.4M	$94.9M	20x
Short	Bitget PONSUSDT	0.5881	0.0570	get 0.0285% / 4h	2h 32m	$4.6M	$11.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.048%Rate

Funding earned: −$6.11
Price spread: −0.048% → −0.015%: −$3.22
Slippage, 4 orders: −$28.49
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$59.82
Costs to cover: 0.505%
Break-even: never at this rate

Slippage from Binance: live order book, 10 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 Binance live order book, 10 min ago	0.85 bp	11.3 bp −$11	34.9 bp −$349	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	3.40 bp	17.7 bp −$18	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	0.5873	−0.195%	$233K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+1.453%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5877	−0.126%	$410K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5884	0.000%	$21K	$418K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5884	+0.005%	$69K	$130K	5x	as long as short
Gate PONS_USDT	+0.0100%	4h	0.5883	−0.017%	$5.2M	$6.2M	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5925	+0.692%	$29K	$334K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5884	−0.008%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5876	−0.136%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5878	−0.093%	$25K	$547K	3x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PONS-USDT	+0.0100%	4h	0.5901	+0.292%	$64K	$513K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5886	+0.034%	$1.6M	$3.2M	20x	as long as short
Hyperliquid PONS	+0.0228%	1h	0.5880	−0.075%	$59.9M	$29.2M	3x	as long as short
Aevo PONS-PERP	+0.0232%	1h	0.5877	−0.110%	$366	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0370%	4h	0.5880	−0.068%	$13.3M	$54.4M	20x	as long as short
Aster PONSUSDT	+0.0472%	4h	0.5880	−0.066%	$1.1M	$2.2M	20x	as long as short
Lighter PONS	+0.0568%	1h	0.5880	−0.066%	$1.6M	$887K	3x	as long as short
Bitget PONSUSDTshort	+0.0570%	4h	0.5881	−0.048%	$4.6M	$11.9M	20x
Variational Omni PONS	+0.0576%	4h	0.5912	+0.477%	$1.4M	$4.1M	—	as long as short
Binance PONSUSDTlong	+0.0599%	4h	0.5884	long leg	$38.4M	$94.9M	20x
Extended PONS-USD	+0.0600%	1h	0.5878	−0.095%	$100K	$812K	5x	as long as short
MEXC PONS_USDT	+0.0608%	4h	0.5879	−0.085%	$7.4M	$4.7M	20x	as long as short
edgeX PONSUSDC	+0.0613%	4h	0.5929	+0.773%	$20K	$296K	10x	as long as short
Pacifica PONS	+0.0715%	1h	0.5885	+0.016%	$46K	$68K	3x	as long as short
KuCoin PONSUSDTM	+0.0738%	4h	0.5881	−0.053%	$1.6M	$3.8M	20x	as long as short
BingX PONS-USDT	+0.0766%	4h	0.5881	−0.051%	—	$3.0M	—	as long as short
Polymarket Perps PONS-USD	+0.0791%	1h	0.5882	−0.041%	$110K	$1.7M	3x	as long as short
BloFin PONS-USDT	+0.0848%	4h	0.5880	−0.068%	$1.7M	$938K	20x	as long as short
Bybit PONSUSDT	+0.0885%	4h	0.5881	−0.051%	$17.6M	$31.0M	20x	as long as short
Phoenix PONS	+0.1719%	1h	0.5935	+0.874%	$45K	$121K	3x	as long as short