PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0057%/8h= −6.2% APRnext payment −$0.28 per $10,000 · paid last 24h −0.041%

Price spread now: Aster against Binance+0.167%7-day average −0.075% · you sell dearer than you buy

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$470.471% of the position

Long on Binance Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.330%−$33 on $10k

Price spread, last 7 days−0.268%−$27 · spread now +0.167%, 7d avg −0.075%

Together, before fees−0.598%+ Points / potential airdropAster: Stage 5 · farm board−$60 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.242% dearer against Binance than usual: you sell high and buy low (spread +0.167% now, against its 7-day average of −0.075%): +$24 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 14 days. At the pace of the last 7 days (−0.330% in total) that is about 5.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PONSUSDT	0.6125	0.0396	pay 0.0198% / 4h	3h 08m	$40.3M	$96.1M	20x
Short	Aster PONSUSDT	0.6136	0.0340	get 0.0170% / 4h	3h 08m	$1.1M	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee AsterbpOrdersPrice spread, now +0.167%Rate

Funding earned: −$11.91
Price spread: +0.167% → −0.075%: $24.23
Slippage, 4 orders: −$29.11
Fee Binance: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$34.78
Costs to cover: 0.471%
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; Aster: live order book, 5 min ago.

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, 4 min ago	0.81 bp	13.3 bp −$13	45.2 bp −$452	doesn't fit	doesn't fit
Sell Aster live order book, 5 min ago	3.59 bp	11.2 bp −$11	27.1 bp −$271	doesn't fit	doesn't fit

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 +0.0033% / S −0.0033%	1h	0.6129	+0.052%	$243K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−2.547%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6134	+0.139%	$20K	$415K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6118	−0.122%	$1.4M	$4.2M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6111	−0.232%	$33K	$356K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6143	+0.289%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6140	+0.240%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6134	+0.139%	$26K	$543K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6155	+0.478%	$66K	$510K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6134	+0.139%	$1.7M	$3.2M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH PONS	+0.0144%	1h	0.6130	+0.069%	$434K	$2.6M	3x	as long as short
Aevo PONS-PERP	+0.0176%	1h	0.6142	+0.269%	$383	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0216%	4h	0.6130	+0.074%	$14.1M	$56.6M	20x	as long as short
KuCoin PONSUSDTM	+0.0226%	4h	0.6122	−0.057%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0276%	4h	0.6132	+0.109%	$4.8M	$11.3M	20x	as long as short
Aster PONSUSDTshort	+0.0340%	4h	0.6136	+0.167%	$1.1M	$2.0M	20x
MEXC PONS_USDT	+0.0388%	4h	0.6127	+0.025%	$8.0M	$4.9M	20x	as long as short
Extended PONS-USD	+0.0392%	1h	0.6123	−0.044%	$253K	$677K	5x	as long as short
Binance PONSUSDTlong	+0.0396%	4h	0.6125	long leg	$40.3M	$96.1M	20x
edgeX PONSUSDC	+0.0398%	4h	0.6124	−0.031%	$21K	$291K	10x	as long as short
Lighter PONS	+0.0480%	1h	0.6133	+0.121%	$1.7M	$943K	3x	as long as short
Nado PONS-PERP	+0.0589%	1h	0.6124	−0.021%	$106K	$115K	5x	as long as short
BingX PONS-USDT	+0.0592%	4h	0.6133	+0.123%	—	$3.1M	—	as long as short
BloFin PONS-USDT	+0.0629%	4h	0.6135	+0.155%	$1.8M	$997K	20x	as long as short
Bybit PONSUSDT	+0.0633%	4h	0.6130	+0.074%	$18.5M	$30.8M	20x	as long as short
Pacifica PONS	+0.0665%	1h	0.6127	+0.027%	$48K	$78K	3x	as long as short
Polymarket Perps PONS-USD	+0.0801%	1h	0.6131	+0.088%	$45K	$1.6M	3x	as long as short
Hyperliquid PONS	+0.0872%	1h	0.6131	+0.093%	$62.4M	$28.8M	3x	as long as short
Gate PONS_USDT	+0.1440%	4h	0.6121	−0.073%	$5.4M	$6.2M	20x	as long as short
Phoenix PONS	+0.1608%	1h	0.6136	+0.172%	$32K	$113K	3x	as long as short