PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0094%/8h= −10.2% APRnext payment −$0.47 per $10,000 · paid last 24h −0.044%

Price spread now: Bitget against BingX−0.012%7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$660.662% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.254%−$25 on $10k

Price spread, last 4 days (all we have)+0.094%+$9 · spread now −0.012%, 7d avg +0.007%

Together, before fees−0.160%−$16 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.007%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX PONS-USDT	0.5972	0.0498	pay 0.0249% / 4h	1h 22m	—	$3.0M	—
Short	Bitget PONSUSDT	0.5971	0.0404	get 0.0202% / 4h	1h 22m	$4.6M	$11.3M	20x

Funding history

latest

Range statsloading…

Bitget against BingX. 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 BingXbpFee BitgetbpOrdersPrice spread, now −0.012%Rate

Slippage from BingX: live order book, 2 min ago; Bitget: 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 BingX live order book, 2 min ago	2.53 bp	12.7 bp −$13	27.2 bp −$272	428.7 bp −$42.9K	doesn't fit
Sell Bitget live order book, 1 min ago	2.18 bp	21.6 bp −$22	doesn't fit	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	0.5958	−0.226%	$236K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.042%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5969	−0.050%	$20K	$434K	20x	as long as short
Gate PONS_USDT	+0.0100%	4h	0.5964	−0.134%	$5.2M	$6.3M	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5925	−0.782%	$32K	$352K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5951	−0.357%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5949	−0.382%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5954	−0.310%	$26K	$521K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5952	−0.338%	$63K	$508K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5954	−0.301%	$1.6M	$3.2M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH PONS	+0.0136%	1h	0.5961	−0.186%	$406K	$2.5M	3x	as long as short
Variational Omni PONS	+0.0169%	4h	0.5906	−1.100%	$1.4M	$3.9M	—	as long as short
Aevo PONS-PERP	+0.0200%	1h	0.5942	−0.509%	$370	—	3x	as long as short
Lighter PONS	+0.0216%	1h	0.5961	−0.186%	$1.6M	$875K	3x	as long as short
Nado PONS-PERP	+0.0218%	1h	0.5966	−0.100%	$70K	$129K	5x	as long as short
OKX PONS-USDT-SWAP	+0.0300%	4h	0.5970	−0.033%	$13.6M	$54.2M	20x	as long as short
Aster PONSUSDT	+0.0396%	4h	0.5953	−0.322%	$1.1M	$2.1M	20x	as long as short
Bitget PONSUSDTshort	+0.0404%	4h	0.5971	−0.012%	$4.6M	$11.3M	20x
KuCoin PONSUSDTM	+0.0420%	4h	0.5971	−0.018%	$1.7M	$3.7M	20x	as long as short
edgeX PONSUSDC	+0.0465%	4h	0.5921	−0.852%	$18K	$292K	10x	as long as short
Extended PONS-USD	+0.0472%	1h	0.5965	−0.111%	$246K	$670K	5x	as long as short
MEXC PONS_USDT	+0.0474%	4h	0.5964	−0.134%	$7.5M	$4.7M	20x	as long as short
Binance PONSUSDT	+0.0484%	4h	0.5973	+0.018%	$39.1M	$94.0M	20x	as long as short
BingX PONS-USDTlong	+0.0498%	4h	0.5972	long leg	—	$3.0M	—
Bybit PONSUSDT	+0.0517%	4h	0.5968	−0.067%	$17.9M	$30.5M	20x	as long as short
Hyperliquid PONS	+0.0714%	1h	0.5971	−0.010%	$60.8M	$27.6M	3x	as long as short
BloFin PONS-USDT	+0.0715%	4h	0.5944	−0.469%	$1.7M	$952K	20x	as long as short
Pacifica PONS	+0.0755%	1h	0.5963	−0.146%	$47K	$72K	3x	as long as short
Polymarket Perps PONS-USD	+0.0816%	1h	0.5970	−0.025%	$51K	$1.6M	3x	as long as short
Phoenix PONS	+0.1639%	1h	0.5909	−1.062%	$31K	$98K	3x	as long as short