Funding arb · Price arb /

PONS

all PONS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0058%/8h= −6.4% APRpaid last 24h −0.029%

Price spread now: Extended against BingX+0.019%7-day average −0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$700.702% of the position

Long on BingX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.086%−$9 on $10k

Price spread, last 4 days (all we have)+0.128%+$13 · spread now +0.019%, 7d avg −0.046%

Together, before fees+0.042%+ Points / potential airdropExtended: Active · farm board+$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.065% dearer against BingX than usual: you sell high and buy low (spread +0.019% now, against its 7-day average of −0.046%): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX PONS-USDT	0.6169	0.0666	pay 0.0333% / 4h	14m 31s	—	$3.2M	—
Short	Extended PONS-USD	0.6170	0.0608	get 0.0076% / 1h	14m 31s	$104K	$828K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.019%Rate

Funding earned: −$12.18
Price spread: +0.019% → −0.046%: $6.53
Slippage, 4 orders: −$55.15
Fee BingX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$75.8
Costs to cover: 0.702%
Break-even: never at this rate

Slippage from BingX: live order book, 10 min ago; Extended: live order book, 23 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, 10 min ago	0.82 bp	9.1 bp −$9	10.6 bp −$106	162.3 bp −$16.2K	doesn't fit
Sell Extended live order book, 23 min ago	10.96 bp	26.3 bp −$26	219.6 bp −$2,196	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 −0.0029%	1h	0.6176	+0.108%	$235K	—	150x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6168	−0.016%	$22K	$455K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6172	+0.041%	$72K	$130K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6153	−0.259%	$30K	$300K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6190	+0.349%	$2K	$4K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6182	+0.206%	—	$1.2M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6185	+0.251%	$26K	$639K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6198	+0.470%	$67K	$536K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6183	+0.227%	$1.7M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0232%	1h	0.6186	+0.276%	$385	—	3x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PONS-USDT-SWAP	+0.0412%	4h	0.6168	−0.016%	$14.0M	$60.7M	20x	as long as short
Gate PONS_USDT	+0.0462%	4h	0.6164	−0.081%	$5.5M	$6.6M	20x	as long as short
Aster PONSUSDT	+0.0486%	4h	0.6179	+0.155%	$1.1M	$2.4M	20x	as long as short
Variational Omni PONS	+0.0505%	4h	0.6176	+0.114%	$1.5M	$4.2M	—	as long as short
KuCoin PONSUSDTM	+0.0532%	4h	0.6177	+0.130%	$1.6M	$4.0M	20x	as long as short
Lighter PONS	+0.0544%	1h	0.6182	+0.209%	$1.7M	$856K	3x	as long as short
Lighter RH PONS	+0.0552%	1h	0.6179	+0.162%	$417K	$2.7M	3x	as long as short
Pacifica PONS	+0.0572%	1h	0.6178	+0.148%	$46K	$77K	3x	as long as short
edgeX PONSUSDC	+0.0604%	4h	0.6181	+0.193%	$20K	$292K	10x	as long as short
MEXC PONS_USDT	+0.0606%	4h	0.6177	+0.130%	$7.8M	$4.8M	20x	as long as short
Binance PONSUSDT	+0.0607%	4h	0.6168	−0.016%	$40.0M	$105.2M	20x	as long as short
Extended PONS-USDshort	+0.0608%	1h	0.6170	+0.019%	$104K	$828K	5x
Hyperliquid PONS	+0.0612%	1h	0.6165	−0.071%	$62.8M	$30.5M	3x	as long as short
BingX PONS-USDTlong	+0.0666%	4h	0.6169	long leg	—	$3.2M	—
Bybit PONSUSDT	+0.0671%	4h	0.6165	−0.065%	$18.4M	$33.0M	20x	as long as short
Bitget PONSUSDT	+0.0704%	4h	0.6171	+0.037%	$4.9M	$13.0M	20x	as long as short
BloFin PONS-USDT	+0.0847%	4h	0.6191	+0.357%	$1.8M	$1.1M	20x	as long as short
Polymarket Perps PONS-USD	+0.1019%	1h	0.6166	−0.050%	$73K	$2.3M	3x	as long as short
Injective PONS/USDC PERP	+0.1069%	1h	0.5938	−3.736%	$610	$10K	5.5x	as long as short
Phoenix PONS	+0.1405%	1h	0.6159	−0.167%	$47K	$127K	3x	as long as short