PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0104%/8h= +11.4% APRnext payment +$0.52 per $10,000 · paid last 24h −0.020%

Price spread now: edgeX against Bybit+0.032%51s7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$750.752% of the position

Long on Bybit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.125%+$13 on $10k

Price spread, last 4 days (all we have)+0.186%+$19 · spread now +0.032%, 7d avg +0.029%

Together, before fees+0.311%+ Points / potential airdropedgeX: Active · farm board+$31 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.029%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit PONSUSDT	0.6002	0.0498	pay 0.0249% / 4h	2m 47s	$17.9M	$30.9M	20x
Short	edgeX PONSUSDC	0.6004	0.0602	get 0.0301% / 4h	2m 47s	$18K	$293K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.032%Rate

Funding earned: $21.91
Price spread: +0.032% → +0.029%: $0.31
Slippage, 4 orders: −$55.24
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$53.02
Costs to cover: 0.752%
Break-even: 23.9 days

Slippage from Bybit: live order book, 1 min ago; edgeX: live order book, 55 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	2.49 bp	16.8 bp −$17	31.2 bp −$312	doesn't fit	doesn't fit
Sell edgeX live order book, 55 min ago	11.84 bp	22.0 bp −$22	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
gTrade (Gains Network) PONS/USD	L +0.0033% / S −0.0032%	1h	0.5999	−0.044%	$238K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.541%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6011	+0.150%	$21K	$435K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6016	+0.235%	$35K	$345K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6014	+0.195%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6011	+0.158%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6011	+0.157%	$26K	$536K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6021	+0.323%	$65K	$513K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6013	+0.183%	$1.7M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0232%	1h	0.5999	−0.046%	$374	—	3x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni PONS	+0.0283%	4h	0.6009	+0.124%	$1.4M	$3.9M	—	as long as short
Nado PONS-PERP	+0.0303%	1h	0.6008	+0.100%	$70K	$129K	5x	as long as short
OKX PONS-USDT-SWAP	+0.0319%	4h	0.6001	−0.017%	$13.6M	$55.3M	20x	as long as short
Lighter PONS	+0.0368%	1h	0.6005	+0.047%	$1.6M	$897K	3x	as long as short
Lighter RH PONS	+0.0440%	1h	0.6007	+0.075%	$420K	$2.6M	3x	as long as short
Aster PONSUSDT	+0.0452%	4h	0.6007	+0.082%	$1.1M	$2.1M	20x	as long as short
Bitget PONSUSDT	+0.0492%	4h	0.6005	+0.053%	$4.6M	$11.5M	20x	as long as short
Bybit PONSUSDTlong	+0.0498%	4h	0.6002	long leg	$17.9M	$30.9M	20x
Gate PONS_USDT	+0.0500%	4h	0.6003	+0.017%	$5.2M	$6.4M	20x	as long as short
BingX PONS-USDT	+0.0574%	4h	0.6004	+0.033%	—	$3.0M	—	as long as short
Extended PONS-USD	+0.0600%	1h	0.6010	+0.139%	$108K	$813K	5x	as long as short
edgeX PONSUSDCshort	+0.0602%	4h	0.6004	+0.032%	$18K	$293K	10x
MEXC PONS_USDT	+0.0602%	4h	0.6005	+0.050%	$7.5M	$4.8M	20x	as long as short
Binance PONSUSDT	+0.0603%	4h	0.6006	+0.067%	$39.3M	$95.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0692%	4h	0.6004	+0.032%	$1.6M	$3.8M	20x	as long as short
Hyperliquid PONS	+0.0817%	1h	0.6004	+0.038%	$61.4M	$28.4M	3x	as long as short
BloFin PONS-USDT	+0.0843%	4h	0.6010	+0.133%	$1.8M	$958K	20x	as long as short
Pacifica PONS	+0.0859%	1h	0.6004	+0.038%	$47K	$67K	3x	as long as short
Polymarket Perps PONS-USD	+0.0862%	1h	0.6010	+0.133%	$71K	$1.6M	3x	as long as short
Phoenix PONS	+0.1736%	1h	0.6012	+0.168%	$34K	$104K	3x	as long as short