Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.2277 | +0.0100 | pay 0.0013% / 1h | 2m 36s | $319K | $830K | 10x | Long TxFlow5% off | |
| SHORT | 0.2281 | +0.0100 | get 0.0050% / 4h | 2m 36s | $2.0M | $5.7M | 20x | Short Bitget |
Price gap+0.154%
Funding gap0.0000% /8h
Funding is ≈ 0, so this is a price-spread trade: +$6 on $10k if the gap goes back to its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding$00.0000% /8h now · paid 0.000% over the last 7D
Price+$6spread +0.154% now, avg +0.096% → +0.058% if it goes back
Costs−$620.615% of $10k · taker + slippage, in and out
Result−$56−0.56%+ Points / potential airdropTxFlow: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.154%
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 35 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size8.7 / 25.4 bpAt $10k entering Bitget costs 25.4 bp, fee and slippage, 2.9× TxFlow’s.
- Note: Margin at max leverage$1,000 + $500TxFlow 10x, Bitget 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: $0.00Long TxFlow: 24 payments, −$3.00; short Bitget: 6 payments, +$3.00.
- OK: Entry gap works for you+0.154% vs +0.096%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$319K vs $2.0M OITxFlow sets your exit cost. Check its book before closing.
- OK: Points on a legTxFlow pointsVolume here counts toward the points program.
- Watch: KYCTxFlow No · Bitget YesKYC mandatory since Sep 2023; unverified accounts can only withdraw and close positions.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned0.0000%/8h × 21 periods−$0.03
Price spread+0.154% → +0.096% (7d avg)+$5.82
Slippage, 4 orderslive order books−$40.53
Fee TxFlow bp × 2 orders−$9.00
Fee Bitget bp × 2 orders−$12.00
Net · 7 days · $10k−$55.75
Costs to cover0.615%Break-evennever at this rate
Slippage: TxFlow: live order book, 29 min ago; Bitget: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGTxFlow2.168.7 bp−$960.8 bp−$608doesn’t fitdoesn’t fit
SELL · SHORTBitget1.9725.4 bp−$2575.4 bp−$754doesn’t fitdoesn’t fit
Closing costs about the same again.
| 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 ↗ |
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| 09-29 02:27 | Arcus | Listing | $PONS perpetuals are now live on Arcus. Up to 4x leverage. @arcus_xyz on X ↗ |
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