PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0088%/8h= +9.6% APRnext payment +$0.44 per $10,000 · paid last 24h +0.009%

Price spread now: BingX against Bybit+0.017%7-day average +0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$540.535% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.293%+$29 on $10k

Price spread, last 3 days (all we have)−0.066%−$7 · spread now +0.017%, 7d avg +0.048%

Together, before fees+0.227%+$23 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.031% cheaper against Bybit than usual: you would sell low and buy high (spread +0.017% now, against its 7-day average of +0.048%). If the spread goes back, that is −$3 on $10k: about 28 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit PONSUSDT	0.5918	0.0100	pay 0.0050% / 4h	2h 56m	$18.0M	$31.4M	20x
Short	BingX PONS-USDT	0.5919	0.0188	get 0.0094% / 4h	2h 56m	—	$3.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.017%Rate

Funding earned: $18.48
Price spread: +0.017% → +0.048%: −$3.08
Slippage, 4 orders: −$32.54
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$38.14
Costs to cover: 0.535%
Break-even: 21.4 days

Slippage from Bybit: live order book, 3 min ago; BingX: live order book, 9 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, 3 min ago	1.68 bp	18.3 bp −$18	46.5 bp −$465	doesn't fit	doesn't fit
Sell BingX live order book, 9 min ago	0.84 bp	10.3 bp −$10	18.0 bp −$180	119.2 bp −$11.9K	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	0.5918	−0.004%	$217K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0066%	1h	0.5920	+0.027%	$609	$6K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5920	+0.034%	$21K	$459K	20x	as long as short
Bybit PONSUSDTlong	+0.0100%	4h	0.5918	long leg	$18.0M	$31.4M	20x
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5915	−0.051%	$13.6M	$56.1M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5923	+0.086%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5919	+0.015%	$4.6M	$11.6M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5963	+0.753%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5963	+0.767%	$34K	$326K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5929	+0.182%	$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	0.5924	+0.101%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5920	+0.039%	$27K	$535K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5938	+0.338%	$64K	$503K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5922	+0.068%	$1.7M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.5926	+0.134%	$369	—	3x	as long as short
Lighter RH PONS	+0.0152%	1h	0.5922	+0.061%	$398K	$2.6M	3x	as long as short
Binance PONSUSDT	+0.0182%	4h	0.5920	+0.034%	$38.6M	$98.2M	20x	as long as short
Extended PONS-USD	+0.0184%	1h	0.5922	+0.073%	$106K	$529K	5x	as long as short
BingX PONS-USDTshort	+0.0188%	4h	0.5919	+0.017%	—	$3.1M	—
MEXC PONS_USDT	+0.0190%	4h	0.5918	0.000%	$7.8M	$5.1M	20x	as long as short
edgeX PONSUSDC	+0.0206%	4h	0.5961	+0.725%	$21K	$292K	10x	as long as short
Aster PONSUSDT	+0.0250%	4h	0.5922	+0.061%	$1.1M	$2.2M	20x	as long as short
Gate PONS_USDT	+0.0306%	4h	0.5921	+0.051%	$5.2M	$6.7M	20x	as long as short
Polymarket Perps PONS-USD	+0.0314%	1h	0.5921	+0.044%	$38K	$1.8M	3x	as long as short
BloFin PONS-USDT	+0.0431%	4h	0.5934	+0.270%	$1.7M	$988K	20x	as long as short
Pacifica PONS	+0.0474%	1h	0.5928	+0.164%	$47K	$102K	3x	as long as short
Nado PONS-PERP	+0.0520%	1h	0.5925	+0.113%	$90K	$103K	5x	as long as short
Hyperliquid PONS	+0.0744%	1h	0.5922	+0.071%	$59.3M	$29.7M	3x	as long as short
Lighter PONS	+0.1016%	1h	0.5927	+0.145%	$1.7M	$879K	3x	as long as short
Phoenix PONS	+0.1232%	1h	0.5931	+0.226%	$27K	$86K	3x	as long as short