PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0148%/8h= −16.2% APRnext payment −$0.74 per $10,000 · paid last 24h +0.024%

Price spread now: Bybit against Binance−0.054%7-day average −0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$600.604% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.100%−$10 on $10k

Price spread, last 7 days+0.070%+$7 · spread now −0.054%, 7d avg −0.046%

Together, before fees−0.029%−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.046%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PONSUSDT	0.6055	0.0406	pay 0.0203% / 4h	2h 32m	$39.7M	$95.7M	20x
Short	Bybit PONSUSDT	0.6052	0.0258	get 0.0129% / 4h	2h 32m	$18.2M	$30.7M	20x

Funding history

latest

Range statsloading…

Bybit against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee BinancebpFee BybitbpOrdersPrice spread, now −0.054%Rate

Slippage from Binance: live order book, 10 min ago; Bybit: live order book, 1 min ago.

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	0.83 bp	13.6 bp −$14	51.0 bp −$510	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	1.66 bp	17.3 bp −$17	34.0 bp −$340	doesn't fit	doesn't fit

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	0.6041	−0.227%	$239K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.416%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6045	−0.169%	$20K	$424K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6045	−0.176%	$1.4M	$4.0M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6042	−0.222%	$33K	$354K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6048	−0.121%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6052	−0.058%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6056	+0.019%	$26K	$526K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6037	−0.303%	$64K	$510K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6011	−0.731%	$1.7M	$3.2M	20x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH PONS	+0.0128%	1h	0.6021	−0.567%	$420K	$2.5M	3x	as long as short
Aevo PONS-PERP	+0.0184%	1h	0.6048	−0.126%	$377	—	3x	as long as short
KuCoin PONSUSDTM	+0.0214%	4h	0.6041	−0.242%	$1.7M	$3.7M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0218%	4h	0.6053	−0.037%	$13.9M	$55.7M	20x	as long as short
Nado PONS-PERP	+0.0246%	1h	0.6040	−0.252%	$71K	$131K	5x	as long as short
Bybit PONSUSDTshort	+0.0258%	4h	0.6052	−0.054%	$18.2M	$30.7M	20x
Bitget PONSUSDT	+0.0298%	4h	0.6057	+0.036%	$4.7M	$11.3M	20x	as long as short
Lighter PONS	+0.0312%	1h	0.6023	−0.534%	$1.7M	$884K	3x	as long as short
Aster PONSUSDT	+0.0360%	4h	0.6024	−0.511%	$1.1M	$2.0M	20x	as long as short
BingX PONS-USDT	+0.0396%	4h	0.6055	−0.004%	—	$3.0M	—	as long as short
Binance PONSUSDTlong	+0.0406%	4h	0.6055	long leg	$39.7M	$95.7M	20x
MEXC PONS_USDT	+0.0406%	4h	0.6040	−0.252%	$7.7M	$4.7M	20x	as long as short
Extended PONS-USD	+0.0408%	1h	0.6054	−0.023%	$249K	$679K	5x	as long as short
edgeX PONSUSDC	+0.0414%	4h	0.6039	−0.264%	$21K	$293K	10x	as long as short
Gate PONS_USDT	+0.0578%	4h	0.6039	−0.268%	$5.3M	$6.1M	20x	as long as short
Hyperliquid PONS	+0.0697%	1h	0.6051	−0.068%	$61.5M	$28.2M	3x	as long as short
Polymarket Perps PONS-USD	+0.0746%	1h	0.6046	−0.153%	$45K	$1.5M	3x	as long as short
Pacifica PONS	+0.0869%	1h	0.6027	−0.469%	$48K	$75K	3x	as long as short
Phoenix PONS	+0.1695%	1h	0.6038	−0.293%	$31K	$107K	3x	as long as short