PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0133%/8h= −14.6% APRnext payment −$0.67 per $10,000 · paid last 24h −0.049%

Price spread now: Aster against edgeX−0.052%90s7-day average −0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs−$98as 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−$620.618% of the position

Long on edgeX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.360%−$36 on $10k

Price spread, last 4 days (all we have)−0.118%−$12 · spread now −0.052%, 7d avg −0.055%

Together, before fees−0.477%+ Points / potential airdropedgeX: Active · Aster: Stage 5 · farm board−$48 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.055%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate. The two prices were read 90 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	edgeX PONSUSDC	0.5939	0.0627	pay 0.0313% / 4h	2h 43m	$20K	$296K	10x
Short	Aster PONSUSDT	0.5936	0.0493	get 0.0247% / 4h	2h 43m	$1.1M	$2.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against edgeX. 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 edgeXbpFee AsterbpOrdersPrice spread, now −0.052%Rate

Funding earned: −$27.97
Price spread: −0.052% → −0.055%: $0.25
Slippage, 4 orders: −$44.76
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$89.48
Costs to cover: 0.618%
Break-even: never at this rate

Slippage from edgeX: live order book, 4 min ago; Aster: live order book, 4 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 edgeX live order book, 4 min ago	10.95 bp	19.3 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 4 min ago	3.28 bp	10.3 bp −$10	45.2 bp −$452	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	0.5925	−0.233%	$235K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+0.520%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5931	−0.130%	$417K	$2.5M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5935	−0.061%	$21K	$417K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5935	−0.057%	$69K	$130K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5929	−0.162%	$34K	$335K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5940	+0.030%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5931	−0.128%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5933	−0.103%	$26K	$546K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5937	−0.022%	$64K	$513K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex PONSUSDT	+0.0100%	4h	0.5936	−0.044%	$1.6M	$3.2M	20x	as long as short
Gate PONS_USDT	+0.0154%	4h	0.5930	−0.145%	$5.2M	$6.2M	20x	as long as short
Aevo PONS-PERP	+0.0240%	1h	0.5936	−0.053%	$370	—	3x	as long as short
Hyperliquid PONS	+0.0280%	1h	0.5933	−0.088%	$60.1M	$29.0M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0372%	4h	0.5933	−0.095%	$13.5M	$54.8M	20x	as long as short
Aster PONSUSDTshort	+0.0493%	4h	0.5936	−0.052%	$1.1M	$2.2M	20x
Variational Omni PONS	+0.0538%	4h	0.5931	−0.121%	$1.4M	$4.1M	—	as long as short
Bitget PONSUSDT	+0.0556%	4h	0.5938	−0.007%	$4.7M	$11.8M	20x	as long as short
Extended PONS-USD	+0.0616%	1h	0.5935	−0.054%	$106K	$807K	5x	as long as short
MEXC PONS_USDT	+0.0618%	4h	0.5936	−0.044%	$7.6M	$4.7M	20x	as long as short
Binance PONSUSDT	+0.0618%	4h	0.5938	−0.010%	$38.8M	$94.7M	20x	as long as short
edgeX PONSUSDClong	+0.0627%	4h	0.5939	long leg	$20K	$296K	10x
Pacifica PONS	+0.0715%	1h	0.5936	−0.050%	$46K	$68K	3x	as long as short
KuCoin PONSUSDTM	+0.0736%	4h	0.5937	−0.024%	$1.6M	$3.8M	20x	as long as short
BingX PONS-USDT	+0.0796%	4h	0.5936	−0.044%	—	$3.0M	—	as long as short
Lighter PONS	+0.0800%	1h	0.5935	−0.061%	$1.6M	$886K	3x	as long as short
Polymarket Perps PONS-USD	+0.0807%	1h	0.5933	−0.096%	$88K	$1.7M	3x	as long as short
Bybit PONSUSDT	+0.0851%	4h	0.5932	−0.112%	$17.8M	$31.0M	20x	as long as short
BloFin PONS-USDT	+0.0858%	4h	0.5938	−0.011%	$1.7M	$946K	20x	as long as short
Phoenix PONS	+0.1719%	1h	0.5937	−0.022%	$45K	$121K	3x	as long as short