Funding you earn now, next payment 00:00 UTC−0.0056%/8h= −6.2% APRnext payment −$0.28 per $10,000 · paid last 24h −0.104%
Price spread now: Aster against BingX−0.111%7-day average −0.072% · you buy dearer than you sell
Net, funding: paid 7d − costs−$97as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$440.441% of the position
Funding, last 7 days−0.527%−$53 on $10k
+Price spread, last 3 days (all we have)+0.102%+$10 · spread now −0.111%, 7d avg −0.072%
=Together, before fees−0.424%+ Points / potential airdropAster: Stage 5 · farm board−$42 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Aster is 0.039% cheaper against BingX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.072%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PONS-USDT | 0.5947 | 0.0188 | pay 0.0094% / 4h | 1h 34m | — | $3.1M | — |
| Short | Aster PONSUSDT | 0.5940 | 0.0132 | get 0.0066% / 4h | 1h 34m | $1.1M | $2.2M | 20x |
BingX PONS-USDT
Aster PONSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster 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
- −$11.84
- Price spread: −0.111% → −0.072%
- −$3.85
- Slippage, 4 orders
- −$26.07
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$59.76
- Costs to cover
- 0.441%
- Break-even
- never at this rate
Slippage from BingX: live order book, 1 min ago; Aster: live order book, 4 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 BingX live order book, 1 min ago | 0.84 bp | 9.2 bp −$9 | 34.3 bp −$343 | 394.7 bp −$39.5K | doesn't fit |
| Sell Aster live order book, 4 min ago | 3.77 bp | 15.1 bp −$15 | 41.0 bp −$410 | 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 −0.0034% | 1h | 0.5935 | −0.194% | $218K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | +0.378% | $614 | $10K | 5.5x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.5940 | −0.118% | $17K | $439K | 20x | as long as short |
| Bybit PONSUSDT | +0.0100% | 4h | 0.5943 | −0.067% | $17.8M | $31.6M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.0100% | 4h | 0.5947 | 0.000% | $13.4M | $55.9M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0100% | 4h | 0.5941 | −0.101% | $1.8M | $3.7M | 20x | as long as short |
| Bitget PONSUSDT | +0.0100% | 4h | 0.5948 | +0.020% | $4.7M | $11.6M | 20x | as long as short |
| Variational Omni PONS | +0.0100% | 4h | 0.5955 | +0.140% | $1.4M | $4.3M | — | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.5986 | +0.651% | $35K | $345K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.5949 | +0.040% | $2K | $3K | 10x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
Bybit PONSUSDT
OKX PONS-USDT-SWAP
KuCoin PONSUSDTM
Bitget PONSUSDT
Variational Omni PONS
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythosShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX PONS-USDT | +0.0100% | 4h | 0.5941 | −0.104% | — | $1.4M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.5946 | −0.010% | $27K | $548K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.5955 | +0.126% | $64K | $506K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.5942 | −0.084% | $1.6M | $3.3M | 20x | as long as short |
| Aevo PONS-PERP | +0.0128% | 1h | 0.5940 | −0.119% | $370 | — | 3x | as long as short |
| Aster PONSUSDTshort | +0.0132% | 4h | 0.5940 | −0.111% | $1.1M | $2.2M | 20x | |
| Extended PONS-USD | +0.0168% | 1h | 0.5945 | −0.039% | $247K | $667K | 5x | as long as short |
| Binance PONSUSDT | +0.0169% | 4h | 0.5945 | −0.026% | $38.7M | $97.7M | 20x | as long as short |
| MEXC PONS_USDT | +0.0174% | 4h | 0.5945 | −0.034% | $7.7M | $4.9M | 20x | as long as short |
| BingX PONS-USDTlong | +0.0188% | 4h | 0.5947 | long leg | — | $3.1M | — | |
| edgeX PONSUSDC | +0.0197% | 4h | 0.5961 | +0.231% | $21K | $293K | 10x | as long as short |
| Nado PONS-PERP | +0.0216% | 1h | 0.5940 | −0.117% | $90K | $103K | 5x | as long as short |
| Lighter RH PONS | +0.0352% | 1h | 0.5945 | −0.042% | $418K | $2.7M | 3x | as long as short |
| BloFin PONS-USDT | +0.0414% | 4h | 0.5948 | +0.017% | $1.7M | $977K | 20x | as long as short |
| Pacifica PONS | +0.0451% | 1h | 0.5947 | +0.005% | $47K | $96K | 3x | as long as short |
| Polymarket Perps PONS-USD | +0.0479% | 1h | 0.5938 | −0.158% | $37K | $1.7M | 3x | as long as short |
| Hyperliquid PONS | +0.0631% | 1h | 0.5954 | +0.119% | $60.0M | $30.0M | 3x | as long as short |
| Lighter PONS | +0.0736% | 1h | 0.5946 | −0.024% | $1.7M | $995K | 3x | as long as short |
| Gate PONS_USDT | +0.1310% | 4h | 0.5944 | −0.050% | $5.2M | $6.5M | 20x | as long as short |
| Phoenix PONS | +0.1398% | 1h | 0.5976 | +0.483% | $30K | $96K | 3x | as long as short |
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDT
Aevo PONS-PERP
Extended PONS-USD
Binance PONSUSDT
MEXC PONS_USDT
edgeX PONSUSDC
Nado PONS-PERP
Lighter RH PONS
BloFin PONS-USDT
Pacifica PONS
Polymarket Perps PONS-USD
Hyperliquid PONS
Lighter PONS
Gate PONS_USDT
Phoenix PONS