PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0037%/8h= +4.0% APRnext payment +$0.18 per $10,000 · paid last 24h +0.024%

Price spread now: Bybit against Bitget+0.169%7-day average −0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$650.654% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.041%−$4 on $10k

Price spread, last 7 days−0.090%−$9 · spread now +0.169%, 7d avg −0.028%

Together, before fees−0.132%−$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bybit is 0.196% dearer against Bitget than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of −0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget PONSUSDT	0.6046	0.0344	pay 0.0172% / 4h	2h 11m	$4.7M	$11.3M	20x
Short	Bybit PONSUSDT	0.6056	0.0381	get 0.0190% / 4h	2h 11m	$18.1M	$30.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.169%Rate

Funding earned: $7.69
Price spread: +0.169% → −0.028%: $19.64
Slippage, 4 orders: −$42.37
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$38.04
Costs to cover: 0.654%
Break-even: 41.6 days

Slippage from Bitget: live order book, 2 min ago; Bybit: live order book, 2 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, 2 min ago	1.65 bp	16.6 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	0.83 bp	16.7 bp −$17	32.9 bp −$329	doesn't fit	doesn't fit

PONS on 29 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 −0.0033%	1h	0.6029	−0.278%	$239K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.262%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6041	−0.079%	$20K	$423K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6064	+0.299%	$1.4M	$4.0M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6058	+0.207%	$33K	$353K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6047	+0.017%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6042	−0.063%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6049	+0.053%	$26K	$524K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6060	+0.228%	$65K	$508K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6047	+0.020%	$1.7M	$3.2M	20x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH PONS	+0.0152%	1h	0.6042	−0.055%	$425K	$2.5M	3x	as long as short
Aevo PONS-PERP	+0.0192%	1h	0.6052	+0.098%	$377	—	3x	as long as short
Lighter PONS	+0.0232%	1h	0.6048	+0.045%	$1.7M	$885K	3x	as long as short
Nado PONS-PERP	+0.0252%	1h	0.6044	−0.030%	$71K	$131K	5x	as long as short
KuCoin PONSUSDTM	+0.0260%	4h	0.6052	+0.106%	$1.7M	$3.6M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0261%	4h	0.6056	+0.169%	$13.9M	$55.1M	20x	as long as short
Bitget PONSUSDTlong	+0.0344%	4h	0.6046	long leg	$4.7M	$11.3M	20x
Bybit PONSUSDTshort	+0.0381%	4h	0.6056	+0.169%	$18.1M	$30.4M	20x
BingX PONS-USDT	+0.0414%	4h	0.6042	−0.063%	—	$3.0M	—	as long as short
Aster PONSUSDT	+0.0419%	4h	0.6043	−0.049%	$1.1M	$2.0M	20x	as long as short
edgeX PONSUSDC	+0.0426%	4h	0.6072	+0.427%	$21K	$294K	10x	as long as short
Binance PONSUSDT	+0.0430%	4h	0.6047	+0.024%	$39.6M	$94.6M	20x	as long as short
Extended PONS-USD	+0.0432%	1h	0.6040	−0.093%	$250K	$672K	5x	as long as short
MEXC PONS_USDT	+0.0434%	4h	0.6046	+0.003%	$7.8M	$4.8M	20x	as long as short
Hyperliquid PONS	+0.0685%	1h	0.6041	−0.075%	$61.5M	$28.0M	3x	as long as short
Gate PONS_USDT	+0.0720%	4h	0.6035	−0.179%	$5.3M	$6.2M	20x	as long as short
Polymarket Perps PONS-USD	+0.0758%	1h	0.6039	−0.114%	$47K	$1.5M	3x	as long as short
Pacifica PONS	+0.0869%	1h	0.6041	−0.085%	$48K	$75K	3x	as long as short
Phoenix PONS	+0.1695%	1h	0.6057	+0.184%	$31K	$107K	3x	as long as short