Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.5043 | +0.0411 | pay 0.0051% / 1h | 57m 28s | $125K | $381K | 3x | Long Phoenix | |
| SHORT | 0.5027 | +0.0448 | get 0.0056% / 1h | 57m 28s | $48K | $443K | 4x | Short Arcus5% off |
Price gap−0.323%109s
Funding gap+0.0036% /8h
Funding pays +$1 a day on $10k, but the gap is 0.373% under its 7d average: −$37 if it goes back, about 34 days of funding.
Funding on this pair cost 0.096% over the last 7 days: the rate has only just turned. The two prices were read 109 s apart: part of this gap may be the market moving.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$10+0.0036% /8h now · paid −0.096% over the last 1 day (all we have)
Price—spread −0.323%109s now · prices read too far apart to compare
Costs−$670.666% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
Funding history
you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.
Price spread between the two exchanges
Arcus price against Phoenixnow
RANGE STATS · 7D
Now−0.323%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hPONS on 31 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- Watch: Thin at this size24.2 / 11.2 bpAt $10k entering Phoenix costs 24.2 bp, fee and slippage, 2.2× Arcus’s.
- Note: Margin at max leverage$3,333 + $2,500Phoenix 3x, Arcus 4x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: +$1.09Long Phoenix: 24 payments, −$12.34; short Arcus: 24 payments, +$13.43.
- Watch: Prices read 109 s apart−0.323% vs +0.050%Part of this gap may be the market moving.
- Watch: Short leg is thinner$48K vs $125K OIArcus sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- OK: No KYC on either legPhoenix No · Arcus NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0265%/8h × 21 periods−$55.62
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$55.11
Fee Phoenix bp × 2 orders−$7.00
Fee Arcus bp × 2 orders−$4.50
Net · 7 days · $10k−$122.23
price spread not counted: prices read too far apartCosts to cover0.666%Break-evennever at this rate
Slippage: Phoenix: live order book, 51 min ago; Arcus: live order book, 56 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix4.4424.2 bp−$2484.4 bp−$844doesn’t fitdoesn’t fit
SELL · SHORTArcus7.8311.2 bp−$1124.0 bp−$240doesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-29 11:00 | gTrade (Gains Network) | Listing | PONS/USD no longer reported ($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)
Kraken Futures
Avantis
Bybit