PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0428%/8h= +46.9% APRnext payment +$2.14 per $10,000 · paid last 24h +0.029%

Price spread now: BingX against Bitget−0.069%7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$500.505% of the position

Long on Bitget Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.237%+$24 on $10k

Price spread, last 4 days (all we have)−0.014%−$1 · spread now −0.069%, 7d avg −0.006%

Together, before fees+0.223%+$22 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.062% cheaper against Bitget than usual: you would sell low and buy high (spread −0.069% now, against its 7-day average of −0.006%). If the spread goes back, that is −$6 on $10k: about 12 hours of funding at the current rate (+$13 a day). At the pace of the last 7 days (+0.237% in total) that is about 44 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.237% in total (about 12.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.14 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget PONSUSDT	0.6411	0.0766	pay 0.0383% / 4h	3h 09m	$5.2M	$13.3M	20x
Short	BingX PONS-USDT	0.6407	0.1194	get 0.0597% / 4h	3h 09m	—	$3.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.069%Rate

Funding earned: $89.88
Price spread: −0.069% → −0.006%: −$6.24
Slippage, 4 orders: −$28.46
Fee Bitget: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: $33.18
Costs to cover: 0.505%
Break-even: 4.4 days

Slippage from Bitget: live order book, 5 min ago; BingX: live order book, 1 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, 5 min ago	1.88 bp	18.6 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 1 min ago	1.56 bp	9.3 bp −$9	26.2 bp −$262	143.6 bp −$14.4K	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 +0.0032% / S −0.0030%	1h	0.6394	−0.274%	$251K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5938	−7.376%	$610	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6413	+0.025%	$19K	$418K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6412	+0.015%	$75K	$130K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6378	−0.521%	$32K	$289K	5x	as long as short
Polymarket Perps PONS-USD	+0.0100%	1h	0.6410	−0.016%	$75K	$2.2M	3x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6414	+0.044%	$2K	$4K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6408	−0.053%	—	$1.1M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6406	−0.083%	$27K	$626K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6414	+0.042%	$67K	$530K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex PONSUSDT	+0.0100%	4h	0.6399	−0.193%	$1.7M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0264%	1h	0.6407	−0.069%	$399	—	3x	as long as short
Hyperliquid PONS	+0.0377%	1h	0.6407	−0.069%	$65.6M	$30.8M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0477%	4h	0.6388	−0.365%	$14.7M	$61.6M	20x	as long as short
Aster PONSUSDT	+0.0491%	4h	0.6410	−0.027%	$1.2M	$2.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0554%	4h	0.6411	−0.006%	$1.8M	$4.2M	20x	as long as short
Lighter RH PONS	+0.0616%	1h	0.6408	−0.055%	$433K	$2.7M	3x	as long as short
Variational Omni PONS	+0.0690%	4h	0.6379	−0.506%	$1.6M	$4.5M	—	as long as short
Lighter PONS	+0.0728%	1h	0.6410	−0.025%	$1.8M	$880K	3x	as long as short
MEXC PONS_USDT	+0.0742%	4h	0.6412	+0.009%	$8.1M	$4.8M	20x	as long as short
Binance PONSUSDT	+0.0743%	4h	0.6400	−0.178%	$42.4M	$103.6M	20x	as long as short
Extended PONS-USD	+0.0744%	1h	0.6411	−0.002%	$108K	$811K	5x	as long as short
edgeX PONSUSDC	+0.0751%	4h	0.6379	−0.501%	$21K	$291K	10x	as long as short
Bitget PONSUSDTlong	+0.0766%	4h	0.6411	long leg	$5.2M	$13.3M	20x
Pacifica PONS	+0.0853%	1h	0.6399	−0.193%	$48K	$77K	3x	as long as short
BloFin PONS-USDT	+0.0983%	4h	0.6410	−0.022%	$1.9M	$1.1M	20x	as long as short
BingX PONS-USDTshort	+0.1194%	4h	0.6407	−0.069%	—	$3.1M	—
Bybit PONSUSDT	+0.1266%	4h	0.6394	−0.271%	$19.5M	$33.3M	20x	as long as short
Phoenix PONS	+0.1714%	1h	0.6376	−0.557%	$49K	$159K	3x	as long as short
Gate PONS_USDT	+0.2990%	4h	0.6398	−0.209%	$5.5M	$6.5M	20x	as long as short