Funding you earn now, next payment 00:00 UTC+0.0204%/8h= +22.3% APRpaid last 24h −0.058%
Price spread now: Extended against Bybit+0.101%7-day average +0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$860.863% of the position
Funding, last 7 days+0.224%+$22 on $10k
+Price spread, last 4 days (all we have)−0.129%−$13 · spread now +0.101%, 7d avg +0.003%
=Together, before fees+0.095%+ Points / potential airdropExtended: Active · farm board+$9 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Extended is 0.099% dearer against Bybit than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.003%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PONSUSDT | 0.6120 | 0.0100 | pay 0.0050% / 4h | 30m 17s | $18.5M | $31.5M | 20x |
| Short | Extended PONS-USD | 0.6126 | 0.0304 | get 0.0038% / 1h | 30m 17s | $253K | $682K | 5x |
Bybit PONSUSDT
Extended PONS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $42.84
- Price spread: +0.101% → +0.003%
- $9.87
- Slippage, 4 orders
- −$70.33
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$33.63
- Costs to cover
- 0.863%
- Break-even
- 12.5 days
Slippage from Bybit: live order book, 3 min ago; Extended: live order book, 48 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 | 0.82 bp | 16.7 bp −$17 | 36.8 bp −$368 | doesn't fit | doesn't fit |
| Sell Extended live order book, 48 min ago | 11.94 bp | 26.3 bp −$26 | 183.1 bp −$1,831 | 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 | −2.459% | $614 | $10K | 5.5x | as long as short |
| gTrade (Gains Network) PONS/USD | L +0.0033% / S −0.0033% | 1h | 0.6118 | −0.033% | $242K | — | 150x | as long as short |
| Lighter RH PONS | +0.0096% | 1h | 0.6127 | +0.114% | $424K | $2.6M | 3x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6125 | +0.082% | $20K | $438K | 20x | as long as short |
| Nado PONS-PERP | +0.0100% | 1h | 0.6125 | +0.082% | $88K | $107K | 5x | as long as short |
| Bybit PONSUSDTlong | +0.0100% | 4h | 0.6120 | long leg | $18.5M | $31.5M | 20x | |
| OKX PONS-USDT-SWAP | +0.0100% | 4h | 0.6121 | +0.016% | $14.0M | $58.1M | 20x | as long as short |
| Variational Omni PONS | +0.0100% | 4h | 0.6124 | +0.070% | $1.4M | $4.2M | — | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6127 | +0.114% | $34K | $359K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6130 | +0.170% | $2K | $3K | 10x | as long as short |
Injective PONS/USDC PERP
gTrade (Gains Network) PONS/USD
Lighter RH PONS
Popdex PONSUSDT
Nado PONS-PERP
OKX PONS-USDT-SWAP
Variational Omni PONS
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythosShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX PONS-USDT | +0.0100% | 4h | 0.6128 | +0.126% | — | $1.4M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.6128 | +0.126% | $28K | $546K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6136 | +0.253% | $65K | $509K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.6129 | +0.147% | $1.7M | $3.3M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0118% | 4h | 0.6126 | +0.093% | $1.8M | $3.7M | 20x | as long as short |
| Bitget PONSUSDT | +0.0144% | 4h | 0.6129 | +0.150% | $4.8M | $11.7M | 20x | as long as short |
| Aevo PONS-PERP | +0.0160% | 1h | 0.6127 | +0.116% | $382 | — | 3x | as long as short |
| Aster PONSUSDT | +0.0166% | 4h | 0.6123 | +0.046% | $1.1M | $2.2M | 20x | as long as short |
| Lighter PONS | +0.0240% | 1h | 0.6128 | +0.129% | $1.7M | $922K | 3x | as long as short |
| Binance PONSUSDT | +0.0303% | 4h | 0.6125 | +0.082% | $40.1M | $98.7M | 20x | as long as short |
| Extended PONS-USDshort | +0.0304% | 1h | 0.6126 | +0.101% | $253K | $682K | 5x | |
| MEXC PONS_USDT | +0.0304% | 4h | 0.6126 | +0.098% | $8.1M | $4.9M | 20x | as long as short |
| BingX PONS-USDT | +0.0308% | 4h | 0.6126 | +0.098% | — | $3.1M | — | as long as short |
| edgeX PONSUSDC | +0.0313% | 4h | 0.6129 | +0.141% | $21K | $294K | 10x | as long as short |
| BloFin PONS-USDT | +0.0545% | 4h | 0.6130 | +0.163% | $1.8M | $1.0M | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.0665% | 1h | 0.6126 | +0.095% | $42K | $1.7M | 3x | as long as short |
| Pacifica PONS | +0.0899% | 1h | 0.6124 | +0.063% | $48K | $96K | 3x | as long as short |
| Hyperliquid PONS | +0.0905% | 1h | 0.6129 | +0.139% | $62.3M | $30.4M | 3x | as long as short |
| Phoenix PONS | +0.1307% | 1h | 0.6126 | +0.096% | $31K | $102K | 3x | as long as short |
| Gate PONS_USDT | +0.2294% | 4h | 0.6120 | 0.000% | $5.4M | $6.3M | 20x | as long as short |
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDT
KuCoin PONSUSDTM
Bitget PONSUSDT
Aevo PONS-PERP
Aster PONSUSDT
Lighter PONS
Binance PONSUSDT
MEXC PONS_USDT
BingX PONS-USDT
edgeX PONSUSDC
BloFin PONS-USDT
Polymarket Perps PONS-USD
Pacifica PONS
Hyperliquid PONS
Phoenix PONS
Gate PONS_USDT