PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.16 per $10,000 · paid last 24h −0.041%

Price spread now: Aster against Bitget−0.096%7-day average −0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$610.611% of the position

Long on Bitget Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.272%−$27 on $10k

Price spread, last 7 days+0.110%+$11 · spread now −0.096%, 7d avg −0.057%

Together, before fees−0.162%+ Points / potential airdropAster: Stage 5 · farm board−$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.039% cheaper against Bitget than usual: you would sell low and buy high (spread −0.096% now, against its 7-day average of −0.057%). If the spread goes back, that is −$4 on $10k: about 4.1 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.272%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget PONSUSDT	0.5989	0.0388	pay 0.0194% / 4h	1h 40m	$4.7M	$11.2M	20x
Short	Aster PONSUSDT	0.5984	0.0420	get 0.0210% / 4h	1h 40m	$1.1M	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bitget. 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 BitgetbpFee AsterbpOrdersPrice spread, now −0.096%Rate

Funding earned: $6.74
Price spread: −0.096% → −0.057%: −$3.95
Slippage, 4 orders: −$41.08
Fee Bitget: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$58.29
Costs to cover: 0.611%
Break-even: 67.6 days

Slippage from Bitget: live order book, 3 min ago; Aster: live order book, 3 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 Bitget live order book, 3 min ago	2.66 bp	17.2 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	4.99 bp	11.2 bp −$11	28.7 bp −$287	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	0.5973	−0.268%	$237K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.331%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5993	+0.062%	$20K	$424K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5998	+0.150%	$33K	$351K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5981	−0.142%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5982	−0.119%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5975	−0.232%	$26K	$516K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5984	−0.092%	$64K	$507K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5983	−0.105%	$1.6M	$3.2M	20x	as long as short
Variational Omni PONS	+0.0106%	4h	0.5978	−0.183%	$1.4M	$3.9M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH PONS	+0.0168%	1h	0.5990	+0.010%	$420K	$2.5M	3x	as long as short
Aevo PONS-PERP	+0.0200%	1h	0.5978	−0.189%	$372	—	3x	as long as short
Nado PONS-PERP	+0.0233%	1h	0.5990	+0.012%	$70K	$129K	5x	as long as short
Lighter PONS	+0.0272%	1h	0.5990	+0.010%	$1.7M	$875K	3x	as long as short
OKX PONS-USDT-SWAP	+0.0287%	4h	0.5984	−0.088%	$13.7M	$54.1M	20x	as long as short
KuCoin PONSUSDTM	+0.0346%	4h	0.5994	+0.073%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDTlong	+0.0388%	4h	0.5989	long leg	$4.7M	$11.2M	20x
Aster PONSUSDTshort	+0.0420%	4h	0.5984	−0.096%	$1.1M	$2.0M	20x
Gate PONS_USDT	+0.0434%	4h	0.5988	−0.022%	$5.2M	$6.2M	20x	as long as short
edgeX PONSUSDC	+0.0463%	4h	0.6005	+0.268%	$18K	$291K	10x	as long as short
Binance PONSUSDT	+0.0473%	4h	0.5993	+0.055%	$39.2M	$93.8M	20x	as long as short
MEXC PONS_USDT	+0.0478%	4h	0.5990	+0.012%	$7.6M	$4.7M	20x	as long as short
Extended PONS-USD	+0.0480%	1h	0.5993	+0.062%	$248K	$670K	5x	as long as short
BingX PONS-USDT	+0.0480%	4h	0.5982	−0.122%	—	$3.0M	—	as long as short
Bybit PONSUSDT	+0.0498%	4h	0.5990	+0.012%	$17.9M	$30.3M	20x	as long as short
BloFin PONS-USDT	+0.0719%	4h	0.5984	−0.088%	$1.7M	$953K	20x	as long as short
Hyperliquid PONS	+0.0724%	1h	0.5989	−0.010%	$61.0M	$27.8M	3x	as long as short
Pacifica PONS	+0.0755%	1h	0.5993	+0.064%	$47K	$72K	3x	as long as short
Polymarket Perps PONS-USD	+0.0800%	1h	0.5986	−0.052%	$49K	$1.6M	3x	as long as short
Phoenix PONS	+0.1639%	1h	0.6004	+0.245%	$31K	$98K	3x	as long as short