PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0094%/8h= +10.3% APRnext payment +$0.47 per $10,000 · paid last 24h +0.044%

Price spread now: BingX against Bitget−0.010%7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as 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)−0.072%−$7 · spread now −0.010%, 7d avg −0.007%

Together, before fees+0.182%+$18 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	Bitget PONSUSDT	0.6007	0.0408	pay 0.0204% / 4h	1h 19m	$4.7M	$11.3M	20x
Short	BingX PONS-USDT	0.6006	0.0502	get 0.0251% / 4h	1h 19m	—	$3.0M	—

Funding history

latest

Range statsloading…

BingX against Bitget. 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 BitgetbpFee BingXbpOrdersPrice spread, now −0.010%Rate

Slippage from Bitget: live order book, 4 min ago; BingX: live order book, 5 min ago.

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, 4 min ago	2.18 bp	19.9 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 5 min ago	2.53 bp	12.0 bp −$12	29.6 bp −$296	134.8 bp −$13.5K	1015.1 bp −$507.6K

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	0.5984	−0.384%	$237K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.618%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6004	−0.043%	$21K	$434K	20x	as long as short
Gate PONS_USDT	+0.0100%	4h	0.5987	−0.326%	$5.2M	$6.3M	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5984	−0.383%	$33K	$351K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6002	−0.078%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5995	−0.200%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5995	−0.191%	$26K	$521K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5996	−0.178%	$64K	$508K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5984	−0.376%	$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
Variational Omni PONS	+0.0189%	4h	0.5977	−0.495%	$1.4M	$3.9M	—	as long as short
Aevo PONS-PERP	+0.0200%	1h	0.5998	−0.144%	$374	—	3x	as long as short
Nado PONS-PERP	+0.0211%	1h	0.6002	−0.078%	$70K	$129K	5x	as long as short
Lighter RH PONS	+0.0224%	1h	0.5998	−0.145%	$411K	$2.5M	3x	as long as short
Lighter PONS	+0.0272%	1h	0.5998	−0.145%	$1.7M	$875K	3x	as long as short
OKX PONS-USDT-SWAP	+0.0299%	4h	0.6004	−0.043%	$13.6M	$54.6M	20x	as long as short
Bitget PONSUSDTlong	+0.0408%	4h	0.6007	long leg	$4.7M	$11.3M	20x
Aster PONSUSDT	+0.0423%	4h	0.6002	−0.085%	$1.1M	$2.1M	20x	as long as short
KuCoin PONSUSDTM	+0.0434%	4h	0.6005	−0.023%	$1.7M	$3.7M	20x	as long as short
edgeX PONSUSDC	+0.0489%	4h	0.5988	−0.303%	$18K	$293K	10x	as long as short
MEXC PONS_USDT	+0.0494%	4h	0.6001	−0.093%	$7.6M	$4.7M	20x	as long as short
Extended PONS-USD	+0.0496%	1h	0.6001	−0.086%	$247K	$670K	5x	as long as short
BingX PONS-USDTshort	+0.0502%	4h	0.6006	−0.010%	—	$3.0M	—
Binance PONSUSDT	+0.0505%	4h	0.6003	−0.060%	$39.3M	$94.0M	20x	as long as short
Bybit PONSUSDT	+0.0514%	4h	0.5998	−0.143%	$17.9M	$30.5M	20x	as long as short
Hyperliquid PONS	+0.0709%	1h	0.5997	−0.163%	$61.1M	$27.6M	3x	as long as short
BloFin PONS-USDT	+0.0724%	4h	0.5990	−0.276%	$1.7M	$959K	20x	as long as short
Pacifica PONS	+0.0755%	1h	0.6000	−0.106%	$47K	$70K	3x	as long as short
Polymarket Perps PONS-USD	+0.0807%	1h	0.5993	−0.225%	$51K	$1.6M	3x	as long as short
Phoenix PONS	+0.1639%	1h	0.5961	−0.754%	$31K	$98K	3x	as long as short