Funding you earn now, next payment 00:00 UTC−0.0148%/8h= −16.2% APRpaid last 24h −0.134%
Price spread now: Aevo against BingX−0.030%58s7-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 −$4 a day on $10k at the current rate, and Aevo is 0.030% cheaper against BingX than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PONS-USDT | 0.6120 | 0.0300 | pay 0.0150% / 4h | 42m 25s | — | $3.1M | — |
| Short | Aevo PONS-PERP | 0.6118 | 0.0152 | get 0.0019% / 1h | 42m 25s | $381 | — | 3x |
BingX PONS-USDT
Aevo PONS-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against BingX. 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
- −$31.08
- Price spread: −0.030% → 0.000%
- −$2.96
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$60.04
- Costs to cover
- 0.260%
- Break-even
- never at this rate
Slippage unknown: BingX: live order book, 7 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 BingX live order book, 7 min ago | 0.81 bp | 9.0 bp −$9 | 23.1 bp −$231 | 313.4 bp −$31.3K | 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 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −0.0047% | 1h | 0.5969 | −2.459% | $614 | $10K | 5.5x | as long as short |
| gTrade (Gains Network) PONS/USD | L +0.0033% / S −0.0034% | 1h | 0.6111 | −0.148% | $236K | — | 150x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6125 | +0.082% | $20K | $445K | 20x | as long as short |
| Nado PONS-PERP | +0.0100% | 1h | 0.6123 | +0.057% | $86K | $107K | 5x | as long as short |
| Bybit PONSUSDT | +0.0100% | 4h | 0.6120 | 0.000% | $18.5M | $31.7M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.0100% | 4h | 0.6120 | 0.000% | $13.9M | $58.1M | 20x | as long as short |
| Variational Omni PONS | +0.0100% | 4h | 0.6136 | +0.257% | $1.4M | $4.3M | — | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6124 | +0.069% | $33K | $360K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6125 | +0.080% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.6118 | −0.038% | — | $1.4M | 10x | as long as short |
Injective PONS/USDC PERP
gTrade (Gains Network) PONS/USD
Popdex PONSUSDT
Nado PONS-PERP
Bybit PONSUSDT
OKX PONS-USDT-SWAP
Variational Omni PONS
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX PONS-USD | +0.0100% | 1h | 0.6117 | −0.057% | $28K | $546K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6147 | +0.435% | $65K | $508K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.6116 | −0.065% | $1.7M | $3.3M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0124% | 4h | 0.6123 | +0.057% | $1.8M | $3.7M | 20x | as long as short |
| Bitget PONSUSDT | +0.0126% | 4h | 0.6126 | +0.090% | $4.8M | $11.7M | 20x | as long as short |
| Aevo PONS-PERPshort | +0.0152% | 1h | 0.6118 | −0.030% | $381 | — | 3x | |
| Lighter RH PONS | +0.0160% | 1h | 0.6123 | +0.047% | $430K | $2.6M | 3x | as long as short |
| Aster PONSUSDT | +0.0180% | 4h | 0.6114 | −0.095% | $1.1M | $2.2M | 20x | as long as short |
| Lighter PONS | +0.0224% | 1h | 0.6124 | +0.069% | $1.7M | $921K | 3x | as long as short |
| Extended PONS-USD | +0.0288% | 1h | 0.6124 | +0.063% | $253K | $682K | 5x | as long as short |
| MEXC PONS_USDT | +0.0290% | 4h | 0.6125 | +0.082% | $8.1M | $4.8M | 20x | as long as short |
| Binance PONSUSDT | +0.0294% | 4h | 0.6126 | +0.098% | $40.0M | $98.7M | 20x | as long as short |
| BingX PONS-USDTlong | +0.0300% | 4h | 0.6120 | long leg | — | $3.1M | — | |
| edgeX PONSUSDC | +0.0306% | 4h | 0.6124 | +0.063% | $21K | $294K | 10x | as long as short |
| BloFin PONS-USDT | +0.0531% | 4h | 0.6119 | −0.016% | $1.8M | $1.0M | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.0724% | 1h | 0.6123 | +0.052% | $42K | $1.7M | 3x | as long as short |
| Pacifica PONS | +0.0899% | 1h | 0.6121 | +0.022% | $48K | $96K | 3x | as long as short |
| Hyperliquid PONS | +0.0968% | 1h | 0.6125 | +0.075% | $62.2M | $30.8M | 3x | as long as short |
| Phoenix PONS | +0.1307% | 1h | 0.6123 | +0.051% | $31K | $102K | 3x | as long as short |
| Gate PONS_USDT | +0.2124% | 4h | 0.6117 | −0.049% | $5.4M | $6.2M | 20x | as long as short |
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDT
KuCoin PONSUSDTM
Bitget PONSUSDT
Lighter RH PONS
Aster PONSUSDT
Lighter PONS
Extended PONS-USD
MEXC PONS_USDT
Binance PONSUSDT
edgeX PONSUSDC
BloFin PONS-USDT
Polymarket Perps PONS-USD
Pacifica PONS
Hyperliquid PONS
Phoenix PONS
Gate PONS_USDT