Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.5048 | +0.0207 | pay 0.0103% / 4h | 3h 56m | $25K | $252K | 10x | Long edgeX | |
| SHORT | 0.5015 | +0.0448 | get 0.0056% / 1h | 56m 14s | $48K | $443K | 4x | Short Arcus5% off |
Price gap−0.658%54s
Funding gap+0.0241% /8h
Funding pays +$7 a day on $10k, but the gap is 0.776% under its 7d average: −$78 if it goes back, about 11 days of funding. At the last 7 days' pace that is about 5.1 days.
The two prices were read 54 s apart: part of this gap may be the market moving.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$18+0.0241% /8h now · paid +0.184% over the last 1 day (all we have)
Price—spread −0.658%54s now · prices read too far apart to compare
Costs−$630.631% of $10k · taker + slippage, in and out
Funding history
you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.
Price spread between the two exchanges
Arcus price against edgeXnow
RANGE STATS · 7D
Now−0.658%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hPONS on 31 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size21.0 / 11.2 bpAt $10k entering edgeX costs 21.0 bp, fee and slippage, 1.9× Arcus’s.
- Note: Margin at max leverage$1,000 + $2,500edgeX 10x, Arcus 4x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ4h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$7.23Long edgeX: 6 payments, −$6.20; short Arcus: 24 payments, +$13.43.
- Watch: Prices read 54 s apart−0.658% vs +0.117%Part of this gap may be the market moving.
- Watch: Long leg is thinner$25K vs $48K OIedgeX sets your exit cost. Check its book before closing.
- OK: Points on a legedgeX pointsVolume here counts toward the points program.
- OK: No KYC on either legedgeX No · Arcus NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0507%/8h × 21 periods+$106.42
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$49.64
Fee edgeX bp × 2 orders−$9.00
Fee Arcus bp × 2 orders−$4.50
Net · 7 days · $10k+$43.28
price spread not counted: prices read too far apartCosts to cover0.631%Break-even4.2 days
Slippage: edgeX: live order book, 56 min ago; Arcus: live order book, 57 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGedgeX12.0221.0 bp−$21doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTArcus7.8311.2 bp−$1124.0 bp−$240doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-29 11:00 | gTrade (Gains Network) | Listing | PONS/USD no longer reported ($PONS) seen by our collector |
| 09-29 02:27 | Arcus | Listing | $PONS perpetuals are now live on Arcus. Up to 4x leverage. @arcus_xyz on X ↗ |
| 09-28 19:23 | Arcus | Listing | new market PONS-USD ($PONS) seen by our collector |
| 09-25 11:16 | Kraken Futures | Listing | new market PF_PONSUSD ($PONS) seen by our collector |
| 09-22 17:11 | Avantis | Listing | new market PONS/USD ($PONS) seen by our collector |
| 09-22 13:03 | Bybit | Other | 📣 $PONS is officially listed on #BybitSpot with @ponsdotfamily! Pons is a token launchpad on the Robinhood blockchain, where users can pair tokens with Stock Tokens, ETH, USDG, and more. Tokens are launched through a "fair launch" process with a bonding curve. @Bybit_Official on X ↗ |
gTrade (Gains Network)
Kraken Futures
Avantis
Bybit