PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0398%/8h= +43.6% APRnext payment +$1.99 per $10,000 · paid last 24h −0.001%

Price spread now: Bybit against Binance+0.038%7-day average −0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$540.541% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.092%−$9 on $10k

Price spread, last 7 days−0.074%−$7 · spread now +0.038%, 7d avg −0.046%

Together, before fees−0.166%−$17 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Bybit is 0.083% dearer against Binance than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.046%. Mind the row above: over the last 7 days funding on this pair cost −0.092%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.092% in total (about -4.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.99 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PONSUSDT	0.6186	0.0617	pay 0.0309% / 4h	3h 48m	$40.5M	$104.4M	20x
Short	Bybit PONSUSDT	0.6188	0.1015	get 0.0508% / 4h	3h 48m	$18.7M	$33.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.038%Rate

Funding earned: $83.53
Price spread: +0.038% → −0.046%: $8.34
Slippage, 4 orders: −$33.13
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $37.73
Costs to cover: 0.541%
Break-even: 3.8 days

Slippage from Binance: live order book, 9 min ago; Bybit: 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, 9 min ago	0.80 bp	14.3 bp −$14	50.4 bp −$504	278.1 bp −$27.8K	doesn't fit
Sell Bybit live order book, 5 min ago	2.41 bp	7.9 bp −$8	35.0 bp −$350	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 +0.0032% / S −0.0030%	1h	0.6180	−0.097%	$242K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5938	−3.996%	$610	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6194	+0.135%	$23K	$437K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6186	+0.007%	$72K	$129K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6214	+0.458%	$31K	$294K	5x	as long as short
Polymarket Perps PONS-USD	+0.0100%	1h	0.6179	−0.100%	$72K	$2.3M	3x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6191	+0.090%	$2K	$4K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6186	+0.004%	—	$1.2M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6181	−0.067%	$26K	$614K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6194	+0.135%	$66K	$528K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex PONSUSDT	+0.0100%	4h	0.6181	−0.075%	$1.7M	$3.2M	20x	as long as short
Lighter RH PONS	+0.0176%	1h	0.6185	−0.019%	$421K	$2.7M	3x	as long as short
Aevo PONS-PERP	+0.0232%	1h	0.6187	+0.022%	$385	—	3x	as long as short
Hyperliquid PONS	+0.0332%	1h	0.6179	−0.114%	$63.2M	$30.8M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0380%	4h	0.6195	+0.151%	$14.0M	$60.8M	20x	as long as short
Aster PONSUSDT	+0.0429%	4h	0.6181	−0.071%	$1.1M	$2.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0480%	4h	0.6183	−0.041%	$1.6M	$4.0M	20x	as long as short
Variational Omni PONS	+0.0532%	4h	0.6223	+0.603%	$1.6M	$4.3M	—	as long as short
Extended PONS-USD	+0.0616%	1h	0.6186	+0.003%	$104K	$828K	5x	as long as short
Binance PONSUSDTlong	+0.0617%	4h	0.6186	long leg	$40.5M	$104.4M	20x
MEXC PONS_USDT	+0.0618%	4h	0.6189	+0.054%	$7.9M	$4.6M	20x	as long as short
edgeX PONSUSDC	+0.0621%	4h	0.6216	+0.484%	$20K	$291K	10x	as long as short
Bitget PONSUSDT	+0.0690%	4h	0.6182	−0.064%	$4.9M	$13.2M	20x	as long as short
Pacifica PONS	+0.0853%	1h	0.6185	−0.013%	$47K	$77K	3x	as long as short
BloFin PONS-USDT	+0.0859%	4h	0.6201	+0.248%	$1.8M	$1.1M	20x	as long as short
Lighter PONS	+0.0952%	1h	0.6186	+0.012%	$1.7M	$867K	3x	as long as short
Bybit PONSUSDTshort	+0.1015%	4h	0.6188	+0.038%	$18.7M	$33.1M	20x
Gate PONS_USDT	+0.1040%	4h	0.6180	−0.092%	$5.4M	$6.3M	20x	as long as short
BingX PONS-USDT	+0.1230%	4h	0.6178	−0.124%	—	$3.3M	—	as long as short
Phoenix PONS	+0.1714%	1h	0.6194	+0.128%	$47K	$159K	3x	as long as short