PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0080%/8h= +8.7% APRnext payment +$0.40 per $10,000 · paid last 24h −0.095%

Price spread now: Aster against Bybit+0.134%7-day average −0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$650.651% of the position

Long on Bybit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.234%−$23 on $10k

Price spread, last 7 days−0.192%−$19 · spread now +0.134%, 7d avg −0.030%

Together, before fees−0.426%+ Points / potential airdropAster: Stage 5 · farm board−$43 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Aster is 0.164% dearer against Bybit than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.030%. Mind the row above: over the last 7 days funding on this pair cost −0.234%, 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	Bybit PONSUSDT	0.5890	0.0100	pay 0.0050% / 4h	2h 13m	$17.6M	$31.8M	20x
Short	Aster PONSUSDT	0.5898	0.0180	get 0.0090% / 4h	2h 13m	$1.1M	$2.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bybit. 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 BybitbpFee AsterbpOrdersPrice spread, now +0.134%Rate

Funding earned: $16.71
Price spread: +0.134% → −0.030%: $16.4
Slippage, 4 orders: −$46.11
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aster: 4 bp × 2 orders: −$8
Net: −$32.01
Costs to cover: 0.651%
Break-even: 20.4 days

Slippage from Bybit: live order book, 5 min ago; Aster: live order book, 5 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 Bybit live order book, 5 min ago	0.85 bp	26.5 bp −$27	53.1 bp −$531	doesn't fit	doesn't fit
Sell Aster live order book, 5 min ago	2.29 bp	9.2 bp −$9	32.8 bp −$328	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	0.5897	+0.124%	$216K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0066%	1h	0.5920	+0.503%	$609	$6K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5903	+0.221%	$21K	$444K	20x	as long as short
Bybit PONSUSDTlong	+0.0100%	4h	0.5890	long leg	$17.6M	$31.8M	20x
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5887	−0.051%	$13.4M	$56.0M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5895	+0.092%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5888	−0.027%	$4.6M	$11.7M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5905	+0.259%	$1.3M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5907	+0.289%	$34K	$335K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5911	+0.358%	$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	0.5907	+0.292%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5903	+0.212%	$27K	$549K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5903	+0.228%	$64K	$505K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5898	+0.136%	$1.6M	$3.3M	20x	as long as short
Nado PONS-PERP	+0.0102%	1h	0.5902	+0.204%	$89K	$103K	5x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.5904	+0.240%	$368	—	3x	as long as short
BingX PONS-USDT	+0.0178%	4h	0.5888	−0.034%	—	$3.1M	—	as long as short
Aster PONSUSDTshort	+0.0180%	4h	0.5898	+0.134%	$1.1M	$2.2M	20x
MEXC PONS_USDT	+0.0180%	4h	0.5894	+0.068%	$7.5M	$5.2M	20x	as long as short
Binance PONSUSDT	+0.0182%	4h	0.5892	+0.034%	$38.3M	$98.3M	20x	as long as short
Extended PONS-USD	+0.0184%	1h	0.5891	+0.009%	$106K	$533K	5x	as long as short
edgeX PONSUSDC	+0.0197%	4h	0.5908	+0.311%	$21K	$294K	10x	as long as short
Polymarket Perps PONS-USD	+0.0370%	1h	0.5903	+0.221%	$37K	$1.8M	3x	as long as short
BloFin PONS-USDT	+0.0420%	4h	0.5913	+0.390%	$1.7M	$967K	20x	as long as short
Pacifica PONS	+0.0474%	1h	0.5893	+0.055%	$47K	$103K	3x	as long as short
Hyperliquid PONS	+0.0490%	1h	0.5900	+0.163%	$59.1M	$30.1M	3x	as long as short
Lighter RH PONS	+0.0584%	1h	0.5897	+0.119%	$415K	$2.6M	3x	as long as short
Gate PONS_USDT	+0.0784%	4h	0.5884	−0.102%	$5.1M	$6.8M	20x	as long as short
Lighter PONS	+0.1008%	1h	0.5898	+0.134%	$1.7M	$889K	3x	as long as short
Phoenix PONS	+0.1275%	1h	0.5911	+0.350%	$30K	$86K	3x	as long as short