Funding you earn now, next payment 00:00 UTC−0.0171%/8h= −18.7% APRnext payment −$0.85 per $10,000 · paid last 24h +0.016%
Price spread now: Bitget against edgeX−0.007%7-day average +0.038% · you buy dearer than you sell
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$81as in the Price arb table
costs, in and out, $10k−$760.765% of the position
Funding, last 7 days−0.085%−$9 on $10k
+Price spread, last 3 days (all we have)−0.002%$0 · spread now −0.007%, 7d avg +0.038%
=Together, before fees−0.087%+ Points / potential airdropedgeX: Active · farm board−$9 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bitget is 0.045% cheaper against edgeX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.038%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX PONSUSDC | 0.6134 | 0.0309 | pay 0.0154% / 4h | 34m 55s | $21K | $293K | 10x |
| Short | Bitget PONSUSDT | 0.6133 | 0.0138 | get 0.0069% / 4h | 34m 55s | $4.8M | $11.7M | 20x |
edgeX PONSUSDC
Bitget PONSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against edgeX. 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
- −$35.86
- Price spread: −0.007% → +0.038%
- −$4.51
- Slippage, 4 orders
- −$55.46
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$116.83
- Costs to cover
- 0.765%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 43 min ago; Bitget: 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, 43 min ago | 11.68 bp | 20.3 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 3.91 bp | 16.1 bp −$16 | 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 | −2.676% | $614 | $10K | 5.5x | as long as short |
| gTrade (Gains Network) PONS/USD | L +0.0033% / S −0.0034% | 1h | 0.6130 | −0.058% | $237K | — | 150x | as long as short |
| Lighter RH PONS | +0.0096% | 1h | 0.6134 | +0.004% | $428K | $2.6M | 3x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6139 | +0.087% | $20K | $438K | 20x | as long as short |
| Nado PONS-PERP | +0.0100% | 1h | 0.6139 | +0.087% | $88K | $107K | 5x | as long as short |
| Bybit PONSUSDT | +0.0100% | 4h | 0.6134 | +0.006% | $18.5M | $31.5M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.0100% | 4h | 0.6135 | +0.022% | $14.0M | $58.3M | 20x | as long as short |
| Variational Omni PONS | +0.0100% | 4h | 0.6125 | −0.144% | $1.4M | $4.2M | — | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6139 | +0.094% | $33K | $359K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6139 | +0.087% | $2K | $3K | 10x | as long as short |
Injective PONS/USDC PERP
gTrade (Gains Network) PONS/USD
Lighter RH PONS
Popdex PONSUSDT
Nado PONS-PERP
Bybit PONSUSDT
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 | 0.6141 | +0.120% | — | $1.4M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.6132 | −0.027% | $28K | $547K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6154 | +0.335% | $65K | $508K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.6133 | −0.010% | $1.7M | $3.3M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0122% | 4h | 0.6133 | −0.010% | $1.8M | $3.7M | 20x | as long as short |
| Bitget PONSUSDTshort | +0.0138% | 4h | 0.6133 | −0.007% | $4.8M | $11.7M | 20x | |
| Aevo PONS-PERP | +0.0160% | 1h | 0.6133 | −0.010% | $382 | — | 3x | as long as short |
| Aster PONSUSDT | +0.0179% | 4h | 0.6134 | +0.012% | $1.1M | $2.2M | 20x | as long as short |
| Lighter PONS | +0.0232% | 1h | 0.6134 | +0.004% | $1.7M | $922K | 3x | as long as short |
| BingX PONS-USDT | +0.0300% | 4h | 0.6132 | −0.027% | — | $3.1M | — | as long as short |
| MEXC PONS_USDT | +0.0308% | 4h | 0.6133 | −0.010% | $8.1M | $4.9M | 20x | as long as short |
| edgeX PONSUSDClong | +0.0309% | 4h | 0.6134 | long leg | $21K | $293K | 10x | |
| Binance PONSUSDT | +0.0309% | 4h | 0.6134 | +0.011% | $40.2M | $98.9M | 20x | as long as short |
| Extended PONS-USD | +0.0312% | 1h | 0.6132 | −0.026% | $253K | $682K | 5x | as long as short |
| BloFin PONS-USDT | +0.0549% | 4h | 0.6132 | −0.027% | $1.8M | $1.0M | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.0682% | 1h | 0.6138 | +0.073% | $42K | $1.7M | 3x | as long as short |
| Pacifica PONS | +0.0899% | 1h | 0.6136 | +0.031% | $48K | $96K | 3x | as long as short |
| Hyperliquid PONS | +0.0939% | 1h | 0.6135 | +0.017% | $62.4M | $30.3M | 3x | as long as short |
| Phoenix PONS | +0.1307% | 1h | 0.6134 | +0.003% | $31K | $102K | 3x | as long as short |
| Gate PONS_USDT | +0.2206% | 4h | 0.6128 | −0.092% | $5.4M | $6.3M | 20x | as long as short |
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDT
KuCoin PONSUSDTM
Aevo PONS-PERP
Aster PONSUSDT
Lighter PONS
BingX PONS-USDT
MEXC PONS_USDT
Binance PONSUSDT
Extended PONS-USD
BloFin PONS-USDT
Polymarket Perps PONS-USD
Pacifica PONS
Hyperliquid PONS
Phoenix PONS
Gate PONS_USDT