Funding you earn now, next payment 03:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h +0.002%
Price spread now: Extended against Binance−0.059%7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$750.751% of the position
Funding, last 7 days+0.123%+$12 on $10k
+Price spread, last 4 days (all we have)−0.019%−$2 · spread now −0.059%, 7d avg −0.025%
=Together, before fees+0.104%+ Points / potential airdropExtended: Active · farm board+$10 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.034% cheaper against Binance than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.025%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PONSUSDT | 0.6024 | 0.0527 | pay 0.0264% / 4h | 1h 11m | $39.7M | $94.6M | 20x |
| Short | Extended PONS-USD | 0.6021 | 0.0528 | get 0.0066% / 1h | 11m 31s | $249K | $671K | 5x |
Binance PONSUSDT
Extended PONS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $0.19
- Price spread: −0.059% → −0.025%
- −$3.37
- Slippage, 4 orders
- −$60.09
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$78.27
- Costs to cover
- 0.751%
- Break-even
- 2905.9 days
Slippage from Binance: live order book, 1 min ago; Extended: live order book, 51 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, 1 min ago | 0.83 bp | 14.2 bp −$14 | 53.3 bp −$533 | doesn't fit | doesn't fit |
| Sell Extended live order book, 51 min ago | 10.07 bp | 23.6 bp −$24 | 184.6 bp −$1,846 | 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 | 0.6002 | −0.362% | $238K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | −0.909% | $614 | $10K | 5.5x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6028 | +0.062% | $21K | $435K | 20x | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6015 | −0.155% | $33K | $351K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6016 | −0.137% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.6026 | +0.027% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.6012 | −0.204% | $26K | $521K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6021 | −0.054% | $64K | $509K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.6001 | −0.386% | $1.6M | $3.2M | 20x | as long as short |
| Variational Omni PONS | +0.0178% | 4h | 0.6039 | +0.242% | $1.4M | $3.9M | — | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDT
Variational Omni PONSShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo PONS-PERP | +0.0216% | 1h | 0.6015 | −0.154% | $375 | — | 3x | as long as short |
| Nado PONS-PERP | +0.0217% | 1h | 0.6022 | −0.043% | $71K | $129K | 5x | as long as short |
| Gate PONS_USDT | +0.0240% | 4h | 0.6020 | −0.071% | $5.3M | $6.3M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.0314% | 4h | 0.6029 | +0.079% | $13.7M | $55.2M | 20x | as long as short |
| Lighter RH PONS | +0.0328% | 1h | 0.6021 | −0.056% | $417K | $2.5M | 3x | as long as short |
| Lighter PONS | +0.0344% | 1h | 0.6020 | −0.066% | $1.7M | $876K | 3x | as long as short |
| Bitget PONSUSDT | +0.0418% | 4h | 0.6026 | +0.022% | $4.7M | $11.4M | 20x | as long as short |
| Aster PONSUSDT | +0.0435% | 4h | 0.6013 | −0.179% | $1.1M | $2.1M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0468% | 4h | 0.6019 | −0.084% | $1.7M | $3.7M | 20x | as long as short |
| Bybit PONSUSDT | +0.0490% | 4h | 0.6023 | −0.021% | $18.0M | $30.6M | 20x | as long as short |
| BingX PONS-USDT | +0.0496% | 4h | 0.6025 | +0.012% | — | $3.0M | — | as long as short |
| MEXC PONS_USDT | +0.0526% | 4h | 0.6021 | −0.054% | $7.6M | $4.7M | 20x | as long as short |
| Binance PONSUSDTlong | +0.0527% | 4h | 0.6024 | long leg | $39.7M | $94.6M | 20x | |
| edgeX PONSUSDC | +0.0528% | 4h | 0.6022 | −0.040% | $18K | $292K | 10x | as long as short |
| Extended PONS-USDshort | +0.0528% | 1h | 0.6021 | −0.059% | $249K | $671K | 5x | |
| Hyperliquid PONS | +0.0751% | 1h | 0.6024 | +0.002% | $61.4M | $27.9M | 3x | as long as short |
| Pacifica PONS | +0.0755% | 1h | 0.6021 | −0.062% | $47K | $70K | 3x | as long as short |
| BloFin PONS-USDT | +0.0772% | 4h | 0.6022 | −0.038% | $1.7M | $967K | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.0845% | 1h | 0.6020 | −0.072% | $69K | $1.6M | 3x | as long as short |
| Phoenix PONS | +0.1639% | 1h | 0.6022 | −0.039% | $31K | $98K | 3x | as long as short |
Aevo PONS-PERP
Nado PONS-PERP
Gate PONS_USDT
OKX PONS-USDT-SWAP
Lighter RH PONS
Lighter PONS
Bitget PONSUSDT
Aster PONSUSDT
KuCoin PONSUSDTM
Bybit PONSUSDT
BingX PONS-USDT
MEXC PONS_USDT
edgeX PONSUSDC
Hyperliquid PONS
Pacifica PONS
BloFin PONS-USDT
Polymarket Perps PONS-USD
Phoenix PONS