Funding you earn now, next payment 02:00 UTC−0.0264%/8h= −28.9% APRpaid last 24h −0.061%
Price spread now: Aevo against Binance−0.076%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+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 −$8 a day on $10k at the current rate, and Aevo is 0.076% cheaper against Binance than usual: you would sell low and buy high (−$8 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 | Binance PONSUSDT | 0.6054 | 0.0456 | pay 0.0228% / 4h | 2h 01m | $39.6M | $93.7M | 20x |
| Short | Aevo PONS-PERP | 0.6049 | 0.0192 | get 0.0024% / 1h | 1m 10s | $377 | — | 3x |
Binance PONSUSDT
Aevo PONS-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against Binance. 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
- −$55.34
- Price spread: −0.076% → 0.000%
- −$7.62
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$88.97
- Costs to cover
- 0.260%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 12 min ago; Aevo: no order-book sample. 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 Binance live order book, 12 min ago | 0.83 bp | 5.8 bp −$6 | 36.8 bp −$368 | doesn't fit | doesn't fit |
| Sell Aevo no order-book sample | — | — | — | — | — |
Aevo: 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 29 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 +0.0033% / S −0.0033% | 1h | 0.6039 | −0.254% | $239K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | −1.398% | $614 | $10K | 5.5x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6053 | −0.018% | $20K | $422K | 20x | as long as short |
| Variational Omni PONS | +0.0100% | 4h | 0.6048 | −0.102% | $1.4M | $3.9M | — | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6070 | +0.266% | $33K | $351K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6057 | +0.041% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.6053 | −0.025% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.6052 | −0.027% | $26K | $520K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6067 | +0.210% | $65K | $508K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.6054 | −0.002% | $1.7M | $3.2M | 20x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
Variational Omni PONS
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo PONS-PERPshort | +0.0192% | 1h | 0.6049 | −0.076% | $377 | — | 3x | |
| Lighter RH PONS | +0.0200% | 1h | 0.6051 | −0.053% | $425K | $2.5M | 3x | as long as short |
| Lighter PONS | +0.0248% | 1h | 0.6053 | −0.015% | $1.7M | $889K | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.0258% | 4h | 0.6057 | +0.048% | $13.9M | $54.6M | 20x | as long as short |
| Nado PONS-PERP | +0.0282% | 1h | 0.6058 | +0.072% | $71K | $131K | 5x | as long as short |
| KuCoin PONSUSDTM | +0.0298% | 4h | 0.6057 | +0.046% | $1.7M | $3.6M | 20x | as long as short |
| Bitget PONSUSDT | +0.0364% | 4h | 0.6056 | +0.038% | $4.7M | $11.2M | 20x | as long as short |
| BingX PONS-USDT | +0.0438% | 4h | 0.6061 | +0.114% | — | $3.0M | — | as long as short |
| Aster PONSUSDT | +0.0445% | 4h | 0.6054 | +0.002% | $1.1M | $2.0M | 20x | as long as short |
| edgeX PONSUSDC | +0.0448% | 4h | 0.6061 | +0.114% | $21K | $293K | 10x | as long as short |
| MEXC PONS_USDT | +0.0454% | 4h | 0.6055 | +0.015% | $7.8M | $4.8M | 20x | as long as short |
| Binance PONSUSDTlong | +0.0456% | 4h | 0.6054 | long leg | $39.6M | $93.7M | 20x | |
| Extended PONS-USD | +0.0456% | 1h | 0.6051 | −0.059% | $250K | $670K | 5x | as long as short |
| Bybit PONSUSDT | +0.0496% | 4h | 0.6056 | +0.031% | $18.1M | $30.3M | 20x | as long as short |
| Hyperliquid PONS | +0.0721% | 1h | 0.6062 | +0.124% | $61.8M | $27.8M | 3x | as long as short |
| Polymarket Perps PONS-USD | +0.0781% | 1h | 0.6051 | −0.046% | $48K | $1.5M | 3x | as long as short |
| Gate PONS_USDT | +0.0826% | 4h | 0.6052 | −0.035% | $5.3M | $6.2M | 20x | as long as short |
| Pacifica PONS | +0.0869% | 1h | 0.6053 | −0.014% | $48K | $75K | 3x | as long as short |
| Phoenix PONS | +0.1695% | 1h | 0.6060 | +0.105% | $31K | $107K | 3x | as long as short |
Lighter RH PONS
Lighter PONS
OKX PONS-USDT-SWAP
Nado PONS-PERP
KuCoin PONSUSDTM
Bitget PONSUSDT
BingX PONS-USDT
Aster PONSUSDT
edgeX PONSUSDC
MEXC PONS_USDT
Extended PONS-USD
Bybit PONSUSDT
Hyperliquid PONS
Polymarket Perps PONS-USD
Gate PONS_USDT
Pacifica PONS
Phoenix PONS