Funding you earn now, next payment 04:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.05 per $10,000 · paid last 24h −0.044%
Price spread now: Binance against BingX−0.139%7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$470.472% of the position
Funding, last 7 days−0.196%−$20 on $10k
+Price spread, last 4 days (all we have)+0.206%+$21 · spread now −0.139%, 7d avg −0.023%
=Funding pays, the price is against you. Binance is 0.117% cheaper against BingX than usual: you would sell low and buy high (spread −0.139% now, against its 7-day average of −0.023%). If the spread goes back, that is −$12 on $10k: about 39 days of funding at the current rate ($0 a day). Mind the row above: over the last 7 days funding on this pair cost −0.196%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PONS-USDT | 0.6024 | 0.0396 | pay 0.0198% / 4h | 2h 32m | — | $3.0M | — |
| Short | Binance PONSUSDT | 0.6016 | 0.0406 | get 0.0203% / 4h | 2h 32m | $39.4M | $95.8M | 20x |
BingX PONS-USDT
Binance PONSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BingX. 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
- $2.1
- Price spread: −0.139% → −0.023%
- −$11.68
- Slippage, 4 orders
- −$27.22
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$56.8
- Costs to cover
- 0.472%
- Break-even
- 196.3 days
Slippage from BingX: live order book, 7 min ago; Binance: live order book, 10 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, 7 min ago | 0.83 bp | 11.9 bp −$12 | 28.4 bp −$284 | 386.0 bp −$38.6K | doesn't fit |
| Sell Binance live order book, 10 min ago | 0.83 bp | 12.9 bp −$13 | 38.2 bp −$382 | 265.7 bp −$26.6K | doesn't fit |
PONS on 29 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 −0.0033% | 1h | 0.6003 | −0.341% | $238K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | −0.905% | $614 | $10K | 5.5x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6013 | −0.183% | $20K | $424K | 20x | as long as short |
| Variational Omni PONS | +0.0100% | 4h | 0.6045 | +0.341% | $1.4M | $4.0M | — | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6042 | +0.295% | $33K | $354K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6019 | −0.081% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.6020 | −0.065% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.6011 | −0.219% | $26K | $526K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6037 | +0.214% | $64K | $510K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.6011 | −0.216% | $1.7M | $3.2M | 20x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
Variational Omni PONS
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH PONS | +0.0128% | 1h | 0.6010 | −0.234% | $419K | $2.5M | 3x | as long as short |
| Aevo PONS-PERP | +0.0184% | 1h | 0.6015 | −0.158% | $375 | — | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.0216% | 4h | 0.6021 | −0.050% | $13.8M | $55.5M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0216% | 4h | 0.6011 | −0.209% | $1.7M | $3.7M | 20x | as long as short |
| Nado PONS-PERP | +0.0246% | 1h | 0.6016 | −0.139% | $70K | $131K | 5x | as long as short |
| Bybit PONSUSDT | +0.0256% | 4h | 0.6020 | −0.066% | $18.1M | $30.7M | 20x | as long as short |
| Lighter PONS | +0.0280% | 1h | 0.6010 | −0.227% | $1.7M | $884K | 3x | as long as short |
| Bitget PONSUSDT | +0.0298% | 4h | 0.6018 | −0.106% | $4.7M | $11.3M | 20x | as long as short |
| Aster PONSUSDT | +0.0360% | 4h | 0.6010 | −0.232% | $1.1M | $2.0M | 20x | as long as short |
| BingX PONS-USDTlong | +0.0396% | 4h | 0.6024 | long leg | — | $3.0M | — | |
| Binance PONSUSDTshort | +0.0406% | 4h | 0.6016 | −0.139% | $39.4M | $95.8M | 20x | |
| Extended PONS-USD | +0.0408% | 1h | 0.6011 | −0.213% | $249K | $682K | 5x | as long as short |
| MEXC PONS_USDT | +0.0408% | 4h | 0.6016 | −0.133% | $7.7M | $4.7M | 20x | as long as short |
| edgeX PONSUSDC | +0.0414% | 4h | 0.6039 | +0.253% | $21K | $293K | 10x | as long as short |
| Gate PONS_USDT | +0.0586% | 4h | 0.6012 | −0.199% | $5.3M | $6.1M | 20x | as long as short |
| Hyperliquid PONS | +0.0682% | 1h | 0.6011 | −0.209% | $61.1M | $28.2M | 3x | as long as short |
| Polymarket Perps PONS-USD | +0.0726% | 1h | 0.6012 | −0.201% | $45K | $1.6M | 3x | as long as short |
| Pacifica PONS | +0.0869% | 1h | 0.6018 | −0.101% | $47K | $75K | 3x | as long as short |
| Phoenix PONS | +0.1695% | 1h | 0.6038 | +0.224% | $31K | $107K | 3x | as long as short |
Lighter RH PONS
Aevo PONS-PERP
OKX PONS-USDT-SWAP
KuCoin PONSUSDTM
Nado PONS-PERP
Bybit PONSUSDT
Lighter PONS
Bitget PONSUSDT
Aster PONSUSDT
Extended PONS-USD
MEXC PONS_USDT
edgeX PONSUSDC
Gate PONS_USDT
Hyperliquid PONS
Polymarket Perps PONS-USD
Pacifica PONS
Phoenix PONS