PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0375%/8h= +41.1% APRnext payment +$1.88 per $10,000 · paid last 24h +0.043%

Price spread now: Aster against Phemex+0.034%7-day average −0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$119as in the Price arb table

costs, in and out, $10k−$1281.284% of the position

Long on Phemex Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.106%+$11 on $10k

Price spread, last 4 days (all we have)−0.288%−$29 · spread now +0.034%, 7d avg −0.057%

Together, before fees−0.181%+ Points / potential airdropAster: Stage 5 · farm board−$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Aster is 0.091% dearer against Phemex than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.057%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.106% in total (about 5.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.88 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	Phemex PONSUSDT	0.6033	0.0100	pay 0.0050% / 4h	23m 39s	$1.7M	$3.2M	20x
Short	Aster PONSUSDT	0.6035	0.0475	get 0.0238% / 4h	23m 39s	$1.1M	$2.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Phemex. 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 PhemexbpFee AsterbpOrdersPrice spread, now +0.034%Rate

Funding earned: $78.8
Price spread: +0.034% → −0.057%: $9.1
Slippage, 4 orders: −$108.43
Fee Phemex: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$40.53
Costs to cover: 1.284%
Break-even: 10.6 days

Slippage from Phemex: live order book, 5 min ago; Aster: live order book, 5 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 Phemex live order book, 5 min ago	15.07 bp	62.8 bp −$63	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 5 min ago	3.26 bp	10.1 bp −$10	46.5 bp −$465	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 −0.0032%	1h	0.6027	−0.091%	$239K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.053%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6036	+0.050%	$20K	$435K	20x	as long as short
Gate PONS_USDT	+0.0100%	4h	0.6034	+0.017%	$5.3M	$6.3M	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6000	−0.539%	$34K	$348K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6042	+0.152%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6046	+0.219%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6038	+0.090%	$26K	$533K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6060	+0.456%	$66K	$512K	20x	as long as short
Phemex PONSUSDTlong	+0.0100%	4h	0.6033	long leg	$1.7M	$3.2M	20x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo PONS-PERP	+0.0224%	1h	0.6040	+0.124%	$376	—	3x	as long as short
Variational Omni PONS	+0.0242%	4h	0.6026	−0.110%	$1.4M	$4.0M	—	as long as short
Nado PONS-PERP	+0.0279%	1h	0.6036	+0.058%	$71K	$129K	5x	as long as short
Lighter PONS	+0.0320%	1h	0.6045	+0.199%	$1.7M	$884K	3x	as long as short
OKX PONS-USDT-SWAP	+0.0323%	4h	0.6034	+0.017%	$13.8M	$55.4M	20x	as long as short
Bybit PONSUSDT	+0.0461%	4h	0.6030	−0.050%	$18.0M	$30.8M	20x	as long as short
Lighter RH PONS	+0.0472%	1h	0.6049	+0.264%	$409K	$2.5M	3x	as long as short
Bitget PONSUSDT	+0.0474%	4h	0.6036	+0.053%	$4.6M	$11.5M	20x	as long as short
Aster PONSUSDTshort	+0.0475%	4h	0.6035	+0.034%	$1.1M	$2.1M	20x
BingX PONS-USDT	+0.0542%	4h	0.6036	+0.050%	—	$3.0M	—	as long as short
edgeX PONSUSDC	+0.0588%	4h	0.6012	−0.345%	$18K	$292K	10x	as long as short
Extended PONS-USD	+0.0600%	1h	0.6034	+0.021%	$108K	$812K	5x	as long as short
MEXC PONS_USDT	+0.0600%	4h	0.6044	+0.182%	$7.7M	$4.7M	20x	as long as short
Binance PONSUSDT	+0.0601%	4h	0.6036	+0.048%	$39.5M	$95.0M	20x	as long as short
KuCoin PONSUSDTM	+0.0656%	4h	0.6047	+0.235%	$1.7M	$3.8M	20x	as long as short
Hyperliquid PONS	+0.0777%	1h	0.6053	+0.325%	$61.9M	$28.2M	3x	as long as short
BloFin PONS-USDT	+0.0827%	4h	0.6041	+0.133%	$1.7M	$956K	20x	as long as short
Pacifica PONS	+0.0859%	1h	0.6039	+0.104%	$48K	$67K	3x	as long as short
Polymarket Perps PONS-USD	+0.0909%	1h	0.6036	+0.053%	$73K	$1.6M	3x	as long as short
Phoenix PONS	+0.1736%	1h	0.6020	−0.219%	$31K	$104K	3x	as long as short