PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0013%/8h= −1.4% APRnext payment −$0.07 per $10,000 · paid last 24h −0.104%

Price spread now: Aster against BingX+0.119%7-day average −0.072% · you sell dearer than you buy

Net, funding: paid 7d − costs−$101as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$480.479% of the position

Long on BingX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.527%−$53 on $10k

Price spread, last 3 days (all we have)−0.128%−$13 · spread now +0.119%, 7d avg −0.072%

Together, before fees−0.655%+ Points / potential airdropAster: Stage 5 · farm board−$65 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.192% dearer against BingX than usual: you sell high and buy low (spread +0.119% now, against its 7-day average of −0.072%): +$19 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 49 days. At the pace of the last 7 days (−0.527% in total) that is about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX PONS-USDT	0.5972	0.0174	pay 0.0087% / 4h	1h 38m	—	$3.1M	—
Short	Aster PONSUSDT	0.5979	0.0161	get 0.0080% / 4h	1h 38m	$1.1M	$2.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against BingX. 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 BingXbpFee AsterbpOrdersPrice spread, now +0.119%Rate

Funding earned: −$2.76
Price spread: +0.119% → −0.072%: $19.16
Slippage, 4 orders: −$29.93
Fee BingX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$31.53
Costs to cover: 0.479%
Break-even: never at this rate

Slippage from BingX: live order book, 11 min ago; Aster: live order book, 4 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 BingX live order book, 11 min ago	3.38 bp	13.5 bp −$14	29.6 bp −$296	357.9 bp −$35.8K	doesn't fit
Sell Aster live order book, 4 min ago	3.94 bp	11.2 bp −$11	34.3 bp −$343	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 +0.0032% / S −0.0034%	1h	0.5978	+0.103%	$219K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5920	−0.877%	$609	$6K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5986	+0.234%	$16K	$433K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5970	−0.033%	$17.8M	$31.6M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5969	−0.050%	$13.5M	$56.1M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5980	+0.127%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5978	+0.104%	$4.7M	$11.6M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5973	+0.022%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5981	+0.152%	$35K	$345K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5988	+0.275%	$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	0.5989	+0.280%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5982	+0.167%	$27K	$548K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5992	+0.337%	$64K	$506K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5978	+0.100%	$1.6M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.5981	+0.156%	$373	—	3x	as long as short
Aster PONSUSDTshort	+0.0161%	4h	0.5979	+0.119%	$1.1M	$2.2M	20x
BingX PONS-USDTlong	+0.0174%	4h	0.5972	long leg	—	$3.1M	—
edgeX PONSUSDC	+0.0178%	4h	0.5981	+0.151%	$21K	$292K	10x	as long as short
MEXC PONS_USDT	+0.0182%	4h	0.5979	+0.117%	$7.7M	$4.9M	20x	as long as short
Binance PONSUSDT	+0.0182%	4h	0.5975	+0.055%	$38.9M	$97.7M	20x	as long as short
Extended PONS-USD	+0.0184%	1h	0.5978	+0.100%	$248K	$667K	5x	as long as short
Nado PONS-PERP	+0.0236%	1h	0.5986	+0.238%	$91K	$103K	5x	as long as short
BloFin PONS-USDT	+0.0422%	4h	0.5982	+0.167%	$1.7M	$984K	20x	as long as short
Pacifica PONS	+0.0451%	1h	0.5986	+0.236%	$47K	$96K	3x	as long as short
Polymarket Perps PONS-USD	+0.0508%	1h	0.5986	+0.238%	$37K	$1.7M	3x	as long as short
Lighter RH PONS	+0.0592%	1h	0.5987	+0.251%	$424K	$2.6M	3x	as long as short
Hyperliquid PONS	+0.0634%	1h	0.5982	+0.176%	$60.3M	$29.9M	3x	as long as short
Lighter PONS	+0.0888%	1h	0.5983	+0.184%	$1.7M	$985K	3x	as long as short
Phoenix PONS	+0.1398%	1h	0.5992	+0.335%	$30K	$96K	3x	as long as short
Gate PONS_USDT	+0.1406%	4h	0.5974	+0.033%	$5.2M	$6.5M	20x	as long as short