Funding you earn now, next payment 21:00 UTC−0.1175%/8h= −128.7% APRpaid last 24h −0.286%
Price spread now: Bitget against Phoenix−0.630%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−1.639%−$164 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$35 a day on $10k at the current rate, and Bitget is 0.630% cheaper against Phoenix than usual: you would sell low and buy high (−$63 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix PONS | 0.5873 | 0.1275 | pay 0.0159% / 1h | 40m 52s | $27K | $86K | 3x |
| Short | Bitget PONSUSDT | 0.5836 | 0.0100 | get 0.0050% / 4h | 2h 40m | $4.6M | $11.7M | 20x |
Phoenix PONS
Bitget PONSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Phoenix. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$246.85
- Price spread: −0.630% → 0.000%
- −$63
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$328.85
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Bitget: live order book, 3 min ago. Net counts fees only.
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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Bitget live order book, 3 min ago | 2.40 bp | 19.0 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.5814 | −1.016% | $213K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0066% | 1h | 0.5920 | +0.790% | $609 | $6K | 5.5x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.5822 | −0.872% | $20K | $450K | 20x | as long as short |
| Bybit PONSUSDT | +0.0100% | 4h | 0.5832 | −0.701% | $17.6M | $31.8M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.0100% | 4h | 0.5831 | −0.719% | $13.3M | $55.4M | 20x | as long as short |
| Gate PONS_USDT | +0.0100% | 4h | 0.5825 | −0.821% | $5.1M | $6.8M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0100% | 4h | 0.5822 | −0.877% | $1.7M | $3.7M | 20x | as long as short |
| Bitget PONSUSDTshort | +0.0100% | 4h | 0.5836 | −0.630% | $4.6M | $11.7M | 20x | |
| Variational Omni PONS | +0.0100% | 4h | 0.5813 | −1.025% | $1.3M | $4.3M | — | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.5808 | −1.115% | $34K | $328K | 5x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
Bybit PONSUSDT
OKX PONS-USDT-SWAP
Gate PONS_USDT
KuCoin PONSUSDTM
Variational Omni PONS
ApeX Omni PONSUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.5828 | −0.764% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.5823 | −0.855% | — | $1.4M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.5820 | −0.904% | $26K | $548K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.5825 | −0.817% | $63K | $504K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.5819 | −0.923% | $1.6M | $3.3M | 20x | as long as short |
| Aevo PONS-PERP | +0.0120% | 1h | 0.5816 | −0.968% | $362 | — | 3x | as long as short |
| MEXC PONS_USDT | +0.0144% | 4h | 0.5823 | −0.855% | $7.4M | $5.2M | 20x | as long as short |
| Binance PONSUSDT | +0.0151% | 4h | 0.5829 | −0.748% | $37.9M | $98.3M | 20x | as long as short |
| Extended PONS-USD | +0.0152% | 1h | 0.5822 | −0.870% | $104K | $531K | 5x | as long as short |
| BingX PONS-USDT | +0.0154% | 4h | 0.5830 | −0.736% | — | $3.1M | — | as long as short |
| edgeX PONSUSDC | +0.0158% | 4h | 0.5808 | −1.114% | $20K | $294K | 10x | as long as short |
| Nado PONS-PERP | +0.0162% | 1h | 0.5818 | −0.933% | $88K | $103K | 5x | as long as short |
| Aster PONSUSDT | +0.0174% | 4h | 0.5821 | −0.886% | $1.1M | $2.2M | 20x | as long as short |
| Lighter RH PONS | +0.0176% | 1h | 0.5822 | −0.872% | $389K | $2.6M | 3x | as long as short |
| Polymarket Perps PONS-USD | +0.0314% | 1h | 0.5820 | −0.899% | $38K | $1.8M | 3x | as long as short |
| BloFin PONS-USDT | +0.0391% | 4h | 0.5819 | −0.923% | $1.7M | $956K | 20x | as long as short |
| Pacifica PONS | +0.0474% | 1h | 0.5820 | −0.904% | $46K | $102K | 3x | as long as short |
| Hyperliquid PONS | +0.0561% | 1h | 0.5824 | −0.838% | $58.1M | $30.0M | 3x | as long as short |
| Lighter PONS | +0.0816% | 1h | 0.5825 | −0.826% | $1.7M | $881K | 3x | as long as short |
| Phoenix PONSlong | +0.1275% | 1h | 0.5873 | long leg | $27K | $86K | 3x |
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDT
Aevo PONS-PERP
MEXC PONS_USDT
Binance PONSUSDT
Extended PONS-USD
BingX PONS-USDT
edgeX PONSUSDC
Nado PONS-PERP
Aster PONSUSDT
Lighter RH PONS
Polymarket Perps PONS-USD
BloFin PONS-USDT
Pacifica PONS
Hyperliquid PONS
Lighter PONS