PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0047%/8h= +5.2% APRnext payment +$0.24 per $10,000 · paid last 24h −0.001%

Price spread now: Aster against OKX−0.057%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$460.463% of the position

Long on OKX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.153%−$15 on $10k

Price spread, last 7 days−0.008%−$1 · spread now −0.057%, 7d avg −0.023%

Together, before fees−0.161%+ Points / potential airdropAster: Stage 5 · farm board−$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.034% cheaper against OKX than usual: you would sell low and buy high (spread −0.057% now, against its 7-day average of −0.023%). If the spread goes back, that is −$3 on $10k: about 2.4 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.153%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX PONS-USDT-SWAP	0.5909	0.0100	pay 0.0050% / 4h	1h 51m	$13.4M	$56.0M	20x
Short	Aster PONSUSDT	0.5906	0.0147	get 0.0074% / 4h	1h 51m	$1.1M	$2.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against OKX. 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 OKXbpFee AsterbpOrdersPrice spread, now −0.057%Rate

Funding earned: $9.94
Price spread: −0.057% → −0.023%: −$3.37
Slippage, 4 orders: −$28.32
Fee OKX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$39.75
Costs to cover: 0.463%
Break-even: 35.0 days

Slippage from OKX: live order book, 2 min ago; Aster: live order book, 2 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 OKX live order book, 2 min ago	0.85 bp	12.6 bp −$13	28.7 bp −$287	doesn't fit	doesn't fit
Sell Aster live order book, 2 min ago	3.98 bp	11.0 bp −$11	32.0 bp −$320	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 +0.0032% / S −0.0034%	1h	0.5902	−0.118%	$216K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5920	+0.179%	$609	$6K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5913	+0.068%	$21K	$441K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5907	−0.034%	$17.6M	$31.7M	20x	as long as short
OKX PONS-USDT-SWAPlong	+0.0100%	4h	0.5909	long leg	$13.4M	$56.0M	20x
KuCoin PONSUSDTM	+0.0100%	4h	0.5908	−0.008%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5913	+0.068%	$4.6M	$11.7M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5914	+0.093%	$1.3M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5929	+0.347%	$34K	$342K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5914	+0.080%	$2K	$3K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX PONS-USDT	+0.0100%	4h	0.5913	+0.066%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5907	−0.025%	$27K	$544K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5912	+0.049%	$63K	$505K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5906	−0.051%	$1.6M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.5908	−0.008%	$368	—	3x	as long as short
Aster PONSUSDTshort	+0.0147%	4h	0.5906	−0.057%	$1.1M	$2.2M	20x
Nado PONS-PERP	+0.0156%	1h	0.5909	+0.002%	$89K	$103K	5x	as long as short
MEXC PONS_USDT	+0.0172%	4h	0.5909	0.000%	$7.5M	$4.9M	20x	as long as short
BingX PONS-USDT	+0.0172%	4h	0.5907	−0.034%	—	$3.1M	—	as long as short
Binance PONSUSDT	+0.0172%	4h	0.5911	+0.032%	$38.4M	$98.0M	20x	as long as short
Extended PONS-USD	+0.0176%	1h	0.5909	−0.007%	$106K	$523K	5x	as long as short
edgeX PONSUSDC	+0.0183%	4h	0.5927	+0.312%	$21K	$292K	10x	as long as short
Lighter RH PONS	+0.0312%	1h	0.5910	+0.015%	$420K	$2.6M	3x	as long as short
BloFin PONS-USDT	+0.0412%	4h	0.5905	−0.068%	$1.7M	$973K	20x	as long as short
Pacifica PONS	+0.0451%	1h	0.5911	+0.035%	$47K	$103K	3x	as long as short
Polymarket Perps PONS-USD	+0.0455%	1h	0.5914	+0.086%	$37K	$1.8M	3x	as long as short
Hyperliquid PONS	+0.0579%	1h	0.5915	+0.098%	$59.5M	$29.9M	3x	as long as short
Lighter PONS	+0.0784%	1h	0.5914	+0.091%	$1.7M	$982K	3x	as long as short
Gate PONS_USDT	+0.1020%	4h	0.5907	−0.034%	$5.2M	$6.4M	20x	as long as short
Phoenix PONS	+0.1398%	1h	0.5917	+0.127%	$30K	$96K	3x	as long as short