Funding you earn now, next payment 00:00 UTC+0.0062%/8h= +6.8% APRnext payment +$0.31 per $10,000 · paid last 24h −0.031%
Price spread now: Bitget against Bybit+0.038%7-day average +0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$610.606% of the position
Funding, last 7 days+0.037%+$4 on $10k
+Price spread, last 7 days−0.117%−$12 · spread now +0.038%, 7d avg +0.026%
=The price spread sits at its 7-day average of +0.026%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PONSUSDT | 0.6093 | 0.0100 | pay 0.0050% / 4h | 11m 13s | $18.3M | $31.4M | 20x |
| Short | Bitget PONSUSDT | 0.6095 | 0.0162 | get 0.0081% / 4h | 11m 13s | $4.7M | $11.7M | 20x |
Bybit PONSUSDT
Bitget PONSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $13.02
- Price spread: +0.038% → +0.026%
- $1.15
- Slippage, 4 orders
- −$37.55
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$46.39
- Costs to cover
- 0.606%
- Break-even
- 31.9 days
Slippage from Bybit: live order book, 2 min ago; Bitget: 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 Bybit live order book, 2 min ago | 0.82 bp | 15.3 bp −$15 | 32.9 bp −$329 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 3.11 bp | 11.9 bp −$12 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −0.0047% | 1h | 0.5969 | −2.027% | $614 | $10K | 5.5x | as long as short |
| gTrade (Gains Network) PONS/USD | L +0.0033% / S −0.0033% | 1h | 0.6086 | −0.116% | $241K | — | 150x | as long as short |
| Lighter RH PONS | +0.0096% | 1h | 0.6092 | −0.015% | $425K | $2.6M | 3x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6095 | +0.033% | $20K | $426K | 20x | as long as short |
| Bybit PONSUSDTlong | +0.0100% | 4h | 0.6093 | long leg | $18.3M | $31.4M | 20x | |
| OKX PONS-USDT-SWAP | +0.0100% | 4h | 0.6092 | −0.016% | $13.9M | $57.7M | 20x | as long as short |
| Variational Omni PONS | +0.0100% | 4h | 0.6091 | −0.039% | $1.4M | $4.2M | — | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6087 | −0.100% | $32K | $359K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6100 | +0.110% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.6099 | +0.098% | — | $1.4M | 10x | as long as short |
Injective PONS/USDC PERP
gTrade (Gains Network) PONS/USD
Lighter RH PONS
Popdex PONSUSDT
OKX PONS-USDT-SWAP
Variational Omni PONS
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX PONS-USD | +0.0100% | 1h | 0.6093 | +0.008% | $28K | $544K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6101 | +0.131% | $65K | $510K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.6096 | +0.049% | $1.7M | $3.3M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0128% | 4h | 0.6092 | −0.016% | $1.7M | $3.7M | 20x | as long as short |
| Aster PONSUSDT | +0.0142% | 4h | 0.6091 | −0.034% | $1.1M | $2.2M | 20x | as long as short |
| Aevo PONS-PERP | +0.0152% | 1h | 0.6091 | −0.033% | $379 | — | 3x | as long as short |
| Bitget PONSUSDTshort | +0.0162% | 4h | 0.6095 | +0.038% | $4.7M | $11.7M | 20x | |
| Nado PONS-PERP | +0.0183% | 1h | 0.6095 | +0.033% | $105K | $116K | 5x | as long as short |
| Extended PONS-USD | +0.0296% | 1h | 0.6094 | +0.014% | $252K | $682K | 5x | as long as short |
| MEXC PONS_USDT | +0.0296% | 4h | 0.6093 | 0.000% | $8.0M | $4.9M | 20x | as long as short |
| Binance PONSUSDT | +0.0299% | 4h | 0.6096 | +0.042% | $39.9M | $98.4M | 20x | as long as short |
| edgeX PONSUSDC | +0.0311% | 4h | 0.6094 | +0.013% | $21K | $292K | 10x | as long as short |
| BingX PONS-USDT | +0.0312% | 4h | 0.6097 | +0.066% | — | $3.1M | — | as long as short |
| Lighter PONS | +0.0320% | 1h | 0.6094 | +0.010% | $1.7M | $931K | 3x | as long as short |
| BloFin PONS-USDT | +0.0539% | 4h | 0.6092 | −0.016% | $1.8M | $1.0M | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.0644% | 1h | 0.6095 | +0.038% | $42K | $1.7M | 3x | as long as short |
| Hyperliquid PONS | +0.0845% | 1h | 0.6099 | +0.100% | $62.1M | $30.1M | 3x | as long as short |
| Pacifica PONS | +0.0899% | 1h | 0.6094 | +0.011% | $48K | $96K | 3x | as long as short |
| Phoenix PONS | +0.1307% | 1h | 0.6100 | +0.115% | $31K | $102K | 3x | as long as short |
| Gate PONS_USDT | +0.2390% | 4h | 0.6090 | −0.049% | $5.3M | $6.3M | 20x | as long as short |
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDT
KuCoin PONSUSDTM
Aster PONSUSDT
Aevo PONS-PERP
Nado PONS-PERP
Extended PONS-USD
MEXC PONS_USDT
Binance PONSUSDT
edgeX PONSUSDC
BingX PONS-USDT
Lighter PONS
BloFin PONS-USDT
Polymarket Perps PONS-USD
Hyperliquid PONS
Pacifica PONS
Phoenix PONS
Gate PONS_USDT