PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0091%/8h= +9.9% APRnext payment +$0.45 per $10,000 · paid last 24h −0.052%

Price spread now: Binance against Bybit+0.069%7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$600.601% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.096%+$10 on $10k

Price spread, last 7 days−0.051%−$5 · spread now +0.069%, 7d avg +0.045%

Together, before fees+0.045%+$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Binance is 0.025% dearer against Bybit than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit PONSUSDT	0.5928	0.0100	pay 0.0050% / 4h	2h 57m	$18.0M	$31.4M	20x
Short	Binance PONSUSDT	0.5932	0.0191	get 0.0095% / 4h	2h 57m	$38.7M	$98.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.069%Rate

Funding earned: $19.06
Price spread: +0.069% → +0.045%: $2.47
Slippage, 4 orders: −$39.11
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$38.57
Costs to cover: 0.601%
Break-even: 21.2 days

Slippage from Bybit: live order book, 1 min ago; Binance: live order book, 15 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, 1 min ago	1.68 bp	18.3 bp −$18	46.5 bp −$465	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	0.85 bp	13.5 bp −$14	40.3 bp −$403	246.9 bp −$24.7K	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 −0.0032%	1h	0.5941	+0.228%	$213K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0066%	1h	0.5920	−0.142%	$609	$6K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5931	+0.051%	$21K	$459K	20x	as long as short
Bybit PONSUSDTlong	+0.0100%	4h	0.5928	long leg	$18.0M	$31.4M	20x
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5927	−0.017%	$13.6M	$56.2M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5938	+0.167%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5933	+0.089%	$4.6M	$11.6M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5963	+0.583%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5963	+0.597%	$34K	$326K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5948	+0.342%	$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	0.5951	+0.391%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5938	+0.169%	$27K	$539K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5948	+0.344%	$64K	$504K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5934	+0.101%	$1.7M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.5946	+0.309%	$370	—	3x	as long as short
Lighter RH PONS	+0.0184%	1h	0.5942	+0.240%	$401K	$2.5M	3x	as long as short
BingX PONS-USDT	+0.0188%	4h	0.5931	+0.051%	—	$3.1M	—	as long as short
MEXC PONS_USDT	+0.0190%	4h	0.5934	+0.101%	$7.8M	$5.1M	20x	as long as short
Binance PONSUSDTshort	+0.0191%	4h	0.5932	+0.069%	$38.7M	$98.4M	20x
Extended PONS-USD	+0.0192%	1h	0.5931	+0.053%	$106K	$533K	5x	as long as short
Nado PONS-PERP	+0.0205%	1h	0.5934	+0.103%	$84K	$100K	5x	as long as short
edgeX PONSUSDC	+0.0206%	4h	0.5961	+0.555%	$21K	$292K	10x	as long as short
Gate PONS_USDT	+0.0258%	4h	0.5930	+0.034%	$5.2M	$6.7M	20x	as long as short
Aster PONSUSDT	+0.0264%	4h	0.5936	+0.130%	$1.1M	$2.2M	20x	as long as short
Polymarket Perps PONS-USD	+0.0327%	1h	0.5930	+0.027%	$38K	$1.8M	3x	as long as short
BloFin PONS-USDT	+0.0428%	4h	0.5967	+0.658%	$1.7M	$996K	20x	as long as short
Pacifica PONS	+0.0474%	1h	0.5934	+0.107%	$47K	$102K	3x	as long as short
Hyperliquid PONS	+0.0728%	1h	0.5941	+0.218%	$59.4M	$29.7M	3x	as long as short
Lighter PONS	+0.1208%	1h	0.5942	+0.238%	$1.7M	$879K	3x	as long as short
Phoenix PONS	+0.1232%	1h	0.5953	+0.415%	$27K	$80K	3x	as long as short