Funding arb · Price arb /

PONS

all PONS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.063%

Price spread now: Bitget against OKX+0.066%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

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

costs, in and out, $10k−$530.533% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.118%+$12 on $10k

Price spread, last 7 days−0.103%−$10 · spread now +0.066%, 7d avg +0.030%

Together, before fees+0.015%+$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.036% dearer against OKX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX PONS-USDT-SWAP	0.5927	0.0100	pay 0.0050% / 4h	1h 54m	$13.4M	$56.4M	20x
Short	Bitget PONSUSDT	0.5931	0.0100	get 0.0050% / 4h	1h 54m	$4.7M	$11.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.066%Rate

Funding earned: $0
Price spread: +0.066% → +0.030%: $3.57
Slippage, 4 orders: −$31.28
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$49.71
Costs to cover: 0.533%
Break-even: never at this rate

Slippage from OKX: live order book, 4 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 OKX live order book, 4 min ago	0.85 bp	14.8 bp −$15	30.0 bp −$300	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	5.00 bp	16.0 bp −$16	43.9 bp −$439	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	0.5923	−0.066%	$217K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5920	−0.125%	$609	$6K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5928	+0.017%	$21K	$441K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5926	−0.017%	$17.7M	$31.8M	20x	as long as short
OKX PONS-USDT-SWAPlong	+0.0100%	4h	0.5927	long leg	$13.4M	$56.4M	20x
KuCoin PONSUSDTM	+0.0100%	4h	0.5928	+0.019%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDTshort	+0.0100%	4h	0.5931	+0.066%	$4.7M	$11.7M	20x
Variational Omni PONS	+0.0100%	4h	0.5914	−0.211%	$1.3M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5916	−0.181%	$34K	$342K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5933	+0.105%	$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	0.5933	+0.093%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5927	+0.005%	$27K	$547K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5936	+0.159%	$64K	$505K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5923	−0.067%	$1.6M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0120%	1h	0.5927	0.000%	$369	—	3x	as long as short
Aster PONSUSDT	+0.0150%	4h	0.5927	+0.007%	$1.1M	$2.2M	20x	as long as short
MEXC PONS_USDT	+0.0166%	4h	0.5927	0.000%	$7.5M	$4.9M	20x	as long as short
Extended PONS-USD	+0.0168%	1h	0.5928	+0.017%	$106K	$532K	5x	as long as short
Binance PONSUSDT	+0.0171%	4h	0.5929	+0.034%	$38.5M	$98.1M	20x	as long as short
BingX PONS-USDT	+0.0172%	4h	0.5926	−0.017%	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0185%	4h	0.5901	−0.445%	$21K	$292K	10x	as long as short
Nado PONS-PERP	+0.0195%	1h	0.5932	+0.085%	$90K	$103K	5x	as long as short
BloFin PONS-USDT	+0.0411%	4h	0.5929	+0.034%	$1.7M	$976K	20x	as long as short
Pacifica PONS	+0.0451%	1h	0.5925	−0.030%	$47K	$103K	3x	as long as short
Polymarket Perps PONS-USD	+0.0540%	1h	0.5932	+0.078%	$37K	$1.8M	3x	as long as short
Lighter RH PONS	+0.0560%	1h	0.5928	+0.017%	$422K	$2.6M	3x	as long as short
Hyperliquid PONS	+0.0604%	1h	0.5930	+0.059%	$59.6M	$30.1M	3x	as long as short
Gate PONS_USDT	+0.0928%	4h	0.5921	−0.101%	$5.2M	$6.4M	20x	as long as short
Lighter PONS	+0.1016%	1h	0.5929	+0.040%	$1.7M	$979K	3x	as long as short
Phoenix PONS	+0.1275%	1h	0.5917	−0.165%	$30K	$96K	3x	as long as short