PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0085%/8h= +9.3% APRnext payment +$0.42 per $10,000 · paid last 24h −0.021%

Price spread now: Binance against Bitget−0.083%7-day average +0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$600.603% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.059%+$6 on $10k

Price spread, last 7 days+0.160%+$16 · spread now −0.083%, 7d avg +0.021%

Together, before fees+0.219%+$22 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.104% cheaper against Bitget than usual: you would sell low and buy high (spread −0.083% now, against its 7-day average of +0.021%). If the spread goes back, that is −$10 on $10k: about 4.1 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.059% in total) that is about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget PONSUSDT	0.5985	0.0100	pay 0.0050% / 4h	1h 15m	$4.7M	$11.6M	20x
Short	Binance PONSUSDT	0.5980	0.0185	get 0.0092% / 4h	1h 15m	$38.9M	$97.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.083%Rate

Funding earned: $17.75
Price spread: −0.083% → +0.021%: −$10.4
Slippage, 4 orders: −$38.31
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$52.96
Costs to cover: 0.603%
Break-even: 27.9 days

Slippage from Bitget: live order book, 3 min ago; Binance: live order book, 12 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, 3 min ago	2.50 bp	15.9 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	0.84 bp	13.8 bp −$14	52.1 bp −$521	284.9 bp −$28.5K	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 +0.0033% / S −0.0036%	1h	0.5975	−0.169%	$224K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.257%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5983	−0.032%	$20K	$439K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5978	−0.115%	$17.9M	$31.5M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5982	−0.048%	$13.5M	$56.2M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5980	−0.077%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDTlong	+0.0100%	4h	0.5985	long leg	$4.7M	$11.6M	20x
Variational Omni PONS	+0.0100%	4h	0.5988	+0.048%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5997	+0.194%	$35K	$351K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5986	+0.020%	$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	0.5988	+0.060%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5981	−0.065%	$27K	$545K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5997	+0.202%	$64K	$506K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5977	−0.132%	$1.7M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.5987	+0.035%	$373	—	3x	as long as short
Aster PONSUSDT	+0.0133%	4h	0.5980	−0.088%	$1.1M	$2.2M	20x	as long as short
Extended PONS-USD	+0.0184%	1h	0.5980	−0.086%	$248K	$667K	5x	as long as short
MEXC PONS_USDT	+0.0184%	4h	0.5982	−0.048%	$7.8M	$4.9M	20x	as long as short
Binance PONSUSDTshort	+0.0185%	4h	0.5980	−0.083%	$38.9M	$97.7M	20x
BingX PONS-USDT	+0.0186%	4h	0.5980	−0.082%	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0198%	4h	0.5990	+0.085%	$21K	$294K	10x	as long as short
Nado PONS-PERP	+0.0219%	1h	0.5980	−0.080%	$90K	$103K	5x	as long as short
Lighter RH PONS	+0.0304%	1h	0.5980	−0.077%	$422K	$2.7M	3x	as long as short
BloFin PONS-USDT	+0.0427%	4h	0.5992	+0.119%	$1.7M	$982K	20x	as long as short
Pacifica PONS	+0.0451%	1h	0.5979	−0.091%	$47K	$96K	3x	as long as short
Polymarket Perps PONS-USD	+0.0486%	1h	0.5983	−0.038%	$37K	$1.7M	3x	as long as short
Lighter PONS	+0.0648%	1h	0.5980	−0.080%	$1.7M	$999K	3x	as long as short
Hyperliquid PONS	+0.0685%	1h	0.5984	−0.010%	$60.5M	$30.2M	3x	as long as short
Phoenix PONS	+0.1398%	1h	0.5990	+0.084%	$30K	$96K	3x	as long as short
Gate PONS_USDT	+0.1410%	4h	0.5978	−0.115%	$5.2M	$6.5M	20x	as long as short