PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0269%/8h= −29.5% APRnext payment −$1.35 per $10,000 · paid last 24h −0.054%

Price spread now: OKX against Bitget+0.019%7-day average −0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$540.541% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.137%−$14 on $10k

Price spread, last 7 days+0.034%+$3 · spread now +0.019%, 7d avg −0.037%

Together, before fees−0.103%−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.055% dearer against Bitget than usual: you sell high and buy low (spread +0.019% now, against its 7-day average of −0.037%): +$6 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 16 hours. At the pace of the last 7 days (−0.137% in total) that is about 2.8 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.137% in total (about -7.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.35 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	0.5945	0.0688	pay 0.0344% / 4h	1h 05m	$4.7M	$12.2M	20x
Short	OKX PONS-USDT-SWAP	0.5946	0.0419	get 0.0209% / 4h	1h 05m	$13.4M	$55.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.019%Rate

Funding earned: −$56.51
Price spread: +0.019% → −0.037%: $5.54
Slippage, 4 orders: −$32.13
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$105.1
Costs to cover: 0.541%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; OKX: 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 Bitget live order book, 3 min ago	2.03 bp	19.4 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	0.85 bp	9.2 bp −$9	25.6 bp −$256	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 +0.0032% / S −0.0030%	1h	0.5942	−0.044%	$243K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5938	−0.108%	$610	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5947	+0.035%	$22K	$420K	20x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5955	+0.177%	$2K	$3K	10x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5949	+0.063%	$70K	$130K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5921	−0.405%	$29K	$314K	5x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5950	+0.091%	—	$1.2M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5946	+0.022%	$26K	$581K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5949	+0.076%	$65K	$525K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5949	+0.069%	$1.6M	$3.2M	20x	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	+0.0104%	1h	0.5947	+0.035%	$412K	$2.6M	3x	as long as short
Aevo PONS-PERP	+0.0200%	1h	0.5950	+0.094%	$371	—	3x	as long as short
Hyperliquid PONS	+0.0304%	1h	0.5948	+0.056%	$60.4M	$29.5M	3x	as long as short
OKX PONS-USDT-SWAPshort	+0.0419%	4h	0.5946	+0.019%	$13.4M	$55.5M	20x
Aster PONSUSDT	+0.0465%	4h	0.5957	+0.201%	$1.1M	$2.2M	20x	as long as short
Extended PONS-USD	+0.0488%	1h	0.5949	+0.063%	$102K	$807K	5x	as long as short
MEXC PONS_USDT	+0.0488%	4h	0.5944	−0.015%	$7.7M	$4.8M	20x	as long as short
Binance PONSUSDT	+0.0490%	4h	0.5948	+0.049%	$37.4M	$98.0M	20x	as long as short
edgeX PONSUSDC	+0.0500%	4h	0.5918	−0.460%	$20K	$290K	10x	as long as short
Variational Omni PONS	+0.0548%	4h	0.5964	+0.329%	$1.4M	$4.1M	—	as long as short
Pacifica PONS	+0.0556%	1h	0.5957	+0.207%	$45K	$68K	3x	as long as short
KuCoin PONSUSDTM	+0.0596%	4h	0.5950	+0.079%	$1.6M	$3.8M	20x	as long as short
BingX PONS-USDT	+0.0656%	4h	0.5941	−0.066%	—	$3.0M	—	as long as short
Polymarket Perps PONS-USD	+0.0656%	1h	0.5949	+0.067%	$87K	$1.9M	3x	as long as short
Bybit PONSUSDT	+0.0661%	4h	0.5944	−0.015%	$17.6M	$31.2M	20x	as long as short
Bitget PONSUSDTlong	+0.0688%	4h	0.5945	long leg	$4.7M	$12.2M	20x
BloFin PONS-USDT	+0.0730%	4h	0.5949	+0.069%	$1.7M	$946K	20x	as long as short
Gate PONS_USDT	+0.0732%	4h	0.5952	+0.119%	$5.3M	$6.3M	20x	as long as short
Lighter PONS	+0.0896%	1h	0.5948	+0.052%	$1.7M	$832K	3x	as long as short
Phoenix PONS	+0.1472%	1h	0.5918	−0.451%	$45K	$127K	3x	as long as short