PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0129%/8h= −14.2% APRnext payment −$0.65 per $10,000 · paid last 24h −0.005%

Price spread now: Bitget against edgeX−1.001%7-day average +0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$181as in the Price arb table

costs, in and out, $10k−$770.774% of the position

Long on edgeX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.085%−$8 on $10k

Price spread, last 3 days (all we have)+0.998%+$100 · spread now −1.001%, 7d avg +0.035%

Together, before fees+0.914%+ Points / potential airdropedgeX: Active · farm board+$91 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bitget is 1.036% cheaper against edgeX than usual: you would sell low and buy high (−$104 if the spread goes back to its 7-day average of +0.035%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX PONSUSDC	0.6139	0.0409	pay 0.0205% / 4h	3h 05m	$21K	$292K	10x
Short	Bitget PONSUSDT	0.6077	0.0280	get 0.0140% / 4h	3h 05m	$4.7M	$11.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against edgeX. 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 edgeXbpFee BitgetbpOrdersPrice spread, now −1.001%Rate

Funding earned: −$27.18
Price spread: −1.001% → +0.035%: −$103.57
Slippage, 4 orders: −$56.39
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$208.14
Costs to cover: 0.774%
Break-even: never at this rate

Slippage from edgeX: live order book, 2 min ago; Bitget: 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 edgeX live order book, 2 min ago	13.02 bp	21.6 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	1.87 bp	18.2 bp −$18	doesn't fit	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	0.6102	−0.596%	$242K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−2.757%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6080	−0.957%	$20K	$414K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6105	−0.543%	$1.4M	$4.2M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6122	−0.266%	$34K	$356K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6115	−0.383%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6113	−0.414%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6109	−0.481%	$26K	$534K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6118	−0.342%	$65K	$509K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6107	−0.517%	$1.7M	$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	+0.0160%	1h	0.6086	−0.857%	$431K	$2.6M	3x	as long as short
Aevo PONS-PERP	+0.0176%	1h	0.6111	−0.448%	$381	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0219%	4h	0.6075	−1.038%	$14.0M	$56.0M	20x	as long as short
KuCoin PONSUSDTM	+0.0230%	4h	0.6078	−0.991%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDTshort	+0.0280%	4h	0.6077	−1.001%	$4.7M	$11.3M	20x
Aster PONSUSDT	+0.0336%	4h	0.6088	−0.823%	$1.1M	$2.0M	20x	as long as short
Extended PONS-USD	+0.0392%	1h	0.6079	−0.979%	$252K	$677K	5x	as long as short
MEXC PONS_USDT	+0.0394%	4h	0.6083	−0.908%	$7.9M	$4.9M	20x	as long as short
Binance PONSUSDT	+0.0399%	4h	0.6080	−0.957%	$40.0M	$96.0M	20x	as long as short
edgeX PONSUSDClong	+0.0409%	4h	0.6139	long leg	$21K	$292K	10x
Lighter PONS	+0.0480%	1h	0.6088	−0.833%	$1.7M	$946K	3x	as long as short
BingX PONS-USDT	+0.0588%	4h	0.6081	−0.940%	—	$3.1M	—	as long as short
Nado PONS-PERP	+0.0594%	1h	0.6082	−0.924%	$105K	$115K	5x	as long as short
Bybit PONSUSDT	+0.0622%	4h	0.6074	−1.054%	$18.3M	$30.8M	20x	as long as short
BloFin PONS-USDT	+0.0634%	4h	0.6147	+0.135%	$1.8M	$999K	20x	as long as short
Pacifica PONS	+0.0665%	1h	0.6087	−0.842%	$48K	$78K	3x	as long as short
Polymarket Perps PONS-USD	+0.0797%	1h	0.6077	−1.014%	$44K	$1.6M	3x	as long as short
Hyperliquid PONS	+0.0856%	1h	0.6077	−1.009%	$61.8M	$28.9M	3x	as long as short
Gate PONS_USDT	+0.1482%	4h	0.6076	−1.022%	$5.3M	$6.2M	20x	as long as short
Phoenix PONS	+0.1608%	1h	0.6136	−0.044%	$32K	$113K	3x	as long as short