Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.5303 | −0.2034 | get 0.0254% / 1h | 33m 26s | $87K | $452K | 20x | Long Kraken Futures | |
| SHORT | 0.5286 | +0.0100 | get 0.0050% / 4h | 1h 33m | $1.1M | $2.3M | 20x | Short Aster≤10% back |
Price gap−0.312%
Funding gap+0.2134% /8h
Funding pays +$64 a day on $10k, but the gap is 0.312% under its 7d average: −$31 if it goes back, about 12 hours of funding.
Funding on this pair cost 1.831% over the last 7 days: the rate has only just turned.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$183+0.2134% /8h now · paid −1.831% over the last 5 days (all we have)
Price−$31spread −0.312% now, avg 0.000% → −0.312% if it goes back
Costs−$940.944% of $10k · taker + slippage, in and out
Result−$309−3.09%+ Points / potential airdropAster: Stage 5 · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyEntry / ExitKraken Futures: thin, under $1M open interest
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.312%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hPONS on 32 exchanges
lowest funding firstBefore you open
1 ok · 5 to watch- Watch: Thin at this size31.1 / 8.8 bpAt $10k entering Kraken Futures costs 31.1 bp, fee and slippage, 3.5× Aster’s.
- Note: Margin at max leverage$500 + $500Kraken Futures 20x, Aster 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$64.03Long Kraken Futures: 24 payments, +$61.03; short Aster: 6 payments, +$3.00.
- Watch: Gap narrower than usual−0.312% vs 0.000%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$87K vs $1.1M OIKraken Futures sets your exit cost. Check its book before closing.
- OK: Points on a legAster Stage 5Volume here counts toward the points program.
- Watch: KYCKraken Futures Yes · Aster NoFull verification; not offered in the US (a separate US product), Canada, Australia (wholesale only) or to retail UK clients.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.1158%/8h × 21 periods−$243.23
Price spread−0.312% → 0.000% (7d avg)−$31.19
Slippage, 4 orderslive order books−$76.42
Fee Kraken Futures bp × 2 orders−$10.00
Fee Aster bp × 2 orders−$8.00
Net · 7 days · $10k−$368.84
Costs to cover0.944%Break-evennever at this rate
Slippage: Kraken Futures: live order book, 59 min ago; Aster: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGKraken Futures19.7631.1 bp−$31doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTAster4.258.8 bp−$931.7 bp−$317doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-29 11:00 | gTrade (Gains Network) | Listing | PONS/USD no longer reported ($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)
Arcus
Avantis
Bybit