PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0045%/8h= +5.0% APRnext payment +$0.23 per $10,000 · paid last 24h −0.064%

Price spread now: Aster against Bitget−0.158%7-day average −0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$500.497% of the position

Long on Bitget Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.271%−$27 on $10k

Price spread, last 7 days+0.160%+$16 · spread now −0.158%, 7d avg −0.053%

Together, before fees−0.111%+ Points / potential airdropAster: Stage 5 · farm board−$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.104% cheaper against Bitget than usual: you would sell low and buy high (spread −0.158% now, against its 7-day average of −0.053%). If the spread goes back, that is −$10 on $10k: about 7.7 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.271%, 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	Bitget PONSUSDT	0.5901	0.0100	pay 0.0050% / 4h	1h 57m	$4.6M	$11.7M	20x
Short	Aster PONSUSDT	0.5892	0.0145	get 0.0073% / 4h	1h 57m	$1.1M	$2.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bitget. 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 BitgetbpFee AsterbpOrdersPrice spread, now −0.158%Rate

Funding earned: $9.53
Price spread: −0.158% → −0.053%: −$10.42
Slippage, 4 orders: −$29.65
Fee Bitget: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$50.54
Costs to cover: 0.497%
Break-even: 44.1 days

Slippage from Bitget: live order book, 1 min ago; Aster: live order book, 1 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 Bitget live order book, 1 min ago	5.00 bp	13.5 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 1 min ago	3.73 bp	10.9 bp −$11	29.4 bp −$294	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	0.5891	−0.171%	$216K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5920	+0.312%	$609	$6K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5901	−0.003%	$21K	$442K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5895	−0.105%	$17.6M	$31.8M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5893	−0.139%	$13.4M	$56.0M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5893	−0.146%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDTlong	+0.0100%	4h	0.5901	long leg	$4.6M	$11.7M	20x
Variational Omni PONS	+0.0100%	4h	0.5901	+0.001%	$1.3M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5908	+0.117%	$34K	$340K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5901	−0.007%	$2K	$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	0.5902	+0.014%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5894	−0.125%	$27K	$547K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5906	+0.085%	$63K	$506K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5895	−0.105%	$1.6M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.5897	−0.080%	$367	—	3x	as long as short
Aster PONSUSDTshort	+0.0145%	4h	0.5892	−0.158%	$1.1M	$2.2M	20x
Binance PONSUSDT	+0.0167%	4h	0.5900	−0.016%	$38.3M	$98.1M	20x	as long as short
Extended PONS-USD	+0.0168%	1h	0.5899	−0.038%	$106K	$532K	5x	as long as short
MEXC PONS_USDT	+0.0168%	4h	0.5899	−0.037%	$7.5M	$4.9M	20x	as long as short
BingX PONS-USDT	+0.0170%	4h	0.5896	−0.088%	—	$3.1M	—	as long as short
Nado PONS-PERP	+0.0175%	1h	0.5900	−0.021%	$89K	$103K	5x	as long as short
edgeX PONSUSDC	+0.0175%	4h	0.5905	+0.066%	$21K	$294K	10x	as long as short
Lighter RH PONS	+0.0304%	1h	0.5898	−0.046%	$417K	$2.6M	3x	as long as short
BloFin PONS-USDT	+0.0413%	4h	0.5901	−0.003%	$1.7M	$966K	20x	as long as short
Pacifica PONS	+0.0451%	1h	0.5900	−0.016%	$47K	$103K	3x	as long as short
Polymarket Perps PONS-USD	+0.0496%	1h	0.5898	−0.049%	$37K	$1.8M	3x	as long as short
Hyperliquid PONS	+0.0628%	1h	0.5903	+0.027%	$59.3M	$30.1M	3x	as long as short
Gate PONS_USDT	+0.0844%	4h	0.5894	−0.122%	$5.2M	$6.4M	20x	as long as short
Lighter PONS	+0.1176%	1h	0.5903	+0.032%	$1.7M	$878K	3x	as long as short
Phoenix PONS	+0.1275%	1h	0.5888	−0.224%	$30K	$86K	3x	as long as short