Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.1931 | spot | no funding | — | — | $4.2M | 1x | Buy OKX Spot | |
| SHORT | 0.1935 | +0.0100 | get 0.0050% / 4h | 3h 46m | $7.8M | $19.7M | 20x | Short OKX |
Price gap+0.207%
Funding gap+0.0100% /8h
Both sides work: funding pays +$3 a day on $10k, and the gap is 0.223% above its 7d average: +$22 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$21+0.0100% /8h now · paid +0.210% over the last 7D
Price+$22spread +0.207% now, avg −0.016% → +0.223% if it goes back
Costs−$930.933% of $10k · taker + slippage, in and out
Result−$50−0.50%no points
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now+0.207%
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 34 exchanges
lowest funding firstBefore you open
2 ok · 2 to watch- Watch: Thin at this size30.8 / 13.3 bpAt $10k entering OKX Spot costs 30.8 bp, fee and slippage, 2.3× OKX’s.
- Note: Spot in full, margin on the short$10,000 + $500The spot leg is bought with the whole $10k; OKX runs at up to 20x. Only the short can be liquidated, when the price rises, while the spot leg's gain is not yet realised: keep about 2× the margin on OKX.
- OK: Only the short pays funding— / 4hThe spot leg pays no funding; OKX settles every 4h.Next 24h at the current rates, on $10k a leg: +$3.00Long OKX Spot: 0 payments, $0.00; short OKX: 6 payments, +$3.00.
- OK: Entry gap works for you+0.207% vs −0.016%You short the dearer leg. If the gap goes back to average, the short gains.
- Note: Spot has no open interest$7.8M OIOnly OKX reports one; the spot book's depth is in the cost check above.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCOKX Spot Yes · OKX YesAdvanced verification before trading, deposits or withdrawals.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0100%/8h × 21 periods+$21.00
Price spread+0.207% → −0.016% (7d avg)+$22.33
Slippage, 4 orderslive order books−$63.31
Fee OKX Spot bp × 2 orders−$20.00
Fee OKX bp × 2 orders−$10.00
Net · 7 days · $10k−$49.98
Costs to cover0.933%Break-even23.7 days
Slippage: OKX Spot: live order book, 15 min ago; OKX: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGOKX Spot2.6330.8 bp−$31doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTOKX2.6213.3 bp−$1364.5 bp−$645doesn’t fitdoesn’t fit
Closing costs about the same again.
PONS news
posts that mention PONS, from every exchange| 10-22 07:46 | Phemex | Listing | Spot New Listing - robinhood:0x39dbed3a2bd333467115de45665cc57f813c4571 | @ponsdotfamily - Trading Pair: PONS/USDT - Trading Starts: 9:00 UTC, 22 Oct Trade it here ➡️ @Phemex_official on X ↗ |
| 10-15 10:02 | Deribit | Listing | 🚨 Now live on Deribit: PONS and CASHCAT USDC settled perpetuals. ↓ @DeribitOfficial on X ↗ |
| 10-15 10:01 | Deribit | Listing | new market PONS_USDC-PERPETUAL ($PONS) seen by our collector |
| 10-05 02:16 | SoDEX | Other | 📊 SoDEX 24h Movers | Mon, Oct 5 73 of 92 perp markets are higher. Can the broad advance hold through this week's macro releases? Market notes $AXS: Price rose on declining volume, alongside negative funding and net exchange inflows. The advance lacked stronger volume confirmation. $PENGU: Stonk launched a "Community Coins" mode on Solana, making PENGU holders eligible to share rewards from newly issued meme tokens. $PONS: Trader Bonk Guy's portfolio is down ~$13.9M from its Sept 6 peak. PONS remains his largest holding at $4.51M. This week's watchlist Mon, Oct 5, 14:00 UTC: US ISM Services PMI Wed, Oct 7, 18:00 UTC: FOMC minutes Fri, Oct 9: Michigan consumer sentiment preliminary release 73 up / 19 down / 0 flat across 92 perp markets. 24 also trade spot. Trade 👉 @sodex_official on X ↗ |
| 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 |
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