data as of
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Funding arb /

PONS

all PONS markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 20:00 UTC−0.0138%/8h
next payment, per $10,000−$0.69paid, last 24h−0.099%paid, last 7 days−0.445%to open and close $10k−$112
Long on BinanceShort on Phemex
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance PONSUSDT0.59030.0360pay 0.0180% / 4h3h 03m$38.4M$97.3M20x
ShortPhemex PONSUSDT0.59210.0222get 0.0111% / 4h3h 03m$1.7M$3.3M20x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$28.93
Slippage, 4 orders
−$89.73
Fee Binance: 5 bp × 2 orders
−$10
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$140.66
Break-even
never at this rate
Slippage from Binance: live order book, 11 min ago; Phemex: live order book, 2 min ago.

Price risk

price view
Price gap now
+0.305%
Avg gap 7d
−0.008%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 11 min ago0.84 bp12.0 bp −$1237.6 bp −$376doesn't fitdoesn't fit
Sell Phemex live order book, 2 min ago2.53 bp53.0 bp −$53doesn't fitdoesn't fitdoesn't fit

PONS on 30 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Gate PONS_USDT+0.0008%4h$5.3M$7.7M20xas long as short
gTrade (Gains Network) PONS/USDL +0.0032% / S −0.0031%1h$213K—150xas long as short
Injective PONS/USDC PERP+0.0033%1h$590$11K5.5xas long as short
Popdex PONSUSDT+0.0096%1h$18K$492K20xas long as short
Aster PONSUSDT+0.0100%4h$1.1M$2.1M20xas long as short
ApeX Omni PONSUSDT+0.0100%1h$29K$321K5xas long as short
Orderly PERP_PONS_USDC_mythos+0.0100%4h$2K$2K10xas long as short
SunX PONS-USDT+0.0100%4h—$1.4M10xas long as short
SoDEX PONS-USD+0.0100%1h$26K$504K3xas long as short
HTX PONS-USDT+0.0100%4h$63K$498K20xas long as short
Show all 30 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
OKX PONS-USDT-SWAP+0.0141%4h$13.1M$54.4M20xas long as short
Aevo PONS-PERP+0.0176%1h$370—3xas long as short
KuCoin PONSUSDTM+0.0206%4h$1.7M$3.3M20xas long as short
Bitget PONSUSDT+0.0214%4h$4.5M$11.1M20xas long as short
Phemex PONSUSDTshort+0.0222%4h$1.7M$3.3M20x
Nado PONS-PERP+0.0312%1h$113K$71K5xas long as short
Bybit PONSUSDT+0.0333%4h$17.9M$29.4M20xas long as short
Variational Omni PONS+0.0343%4h$1.2M$3.9M—as long as short
Binance PONSUSDTlong+0.0360%4h$38.4M$97.3M20x
Extended PONS-USD+0.0368%1h$88K$537K5xas long as short
MEXC PONS_USDT+0.0368%4h$7.0M$5.2M20xas long as short
Hyperliquid PONS+0.0384%1h$59.1M$28.5M3xas long as short
BingX PONS-USDT+0.0386%4h—$3.2M—as long as short
edgeX PONSUSDC+0.0389%4h$21K$292K10xas long as short
Polymarket Perps PONS-USD+0.0478%1h$49K$1.8M3xas long as short
BloFin PONS-USDT+0.0609%4h$1.8M$950K20xas long as short
Pacifica PONS+0.0616%1h$49K$119K3xas long as short
Lighter RH PONS+0.0640%1h$414K$2.3M3xas long as short
Lighter PONS+0.1072%1h$1.7M$834K3xas long as short
Phoenix PONS+0.1528%1h$24K$61K3xas long as short