PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0374%/8h= +41.0% APRnext payment +$1.87 per $10,000 · paid last 24h +0.084%

Price spread now: Bitget against Phemex+0.277%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$1291.288% of the position

Long on Phemex Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.379%+$38 on $10k

Price spread, last 4 days (all we have)−0.507%−$51 · spread now +0.277%, 7d avg +0.027%

Together, before fees−0.128%−$13 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 Bitget is 0.250% dearer against Phemex than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of +0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex PONSUSDT	0.6035	0.0100	pay 0.0050% / 4h	22m 02s	$1.7M	$3.2M	20x
Short	Bitget PONSUSDT	0.6052	0.0474	get 0.0237% / 4h	22m 02s	$4.6M	$11.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.277%Rate

Funding earned: $78.54
Price spread: +0.277% → +0.027%: $24.98
Slippage, 4 orders: −$104.78
Fee Phemex: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$25.27
Costs to cover: 1.288%
Break-even: 9.3 days

Slippage from Phemex: live order book, 2 min ago; Bitget: 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 Phemex live order book, 2 min ago	3.32 bp	47.4 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	2.98 bp	16.2 bp −$16	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 −0.0032%	1h	0.6037	+0.041%	$240K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.085%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6048	+0.215%	$20K	$435K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6027	−0.128%	$35K	$348K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6051	+0.260%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6052	+0.283%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6049	+0.240%	$26K	$534K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6065	+0.495%	$66K	$512K	20x	as long as short
Phemex PONSUSDTlong	+0.0100%	4h	0.6035	long leg	$1.7M	$3.2M	20x
Gate PONS_USDT	+0.0122%	4h	0.6045	+0.166%	$5.3M	$6.3M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo PONS-PERP	+0.0232%	1h	0.6045	+0.166%	$377	—	3x	as long as short
Variational Omni PONS	+0.0242%	4h	0.6026	−0.143%	$1.4M	$4.0M	—	as long as short
Nado PONS-PERP	+0.0279%	1h	0.6047	+0.192%	$71K	$129K	5x	as long as short
OKX PONS-USDT-SWAP	+0.0319%	4h	0.6052	+0.282%	$13.7M	$55.6M	20x	as long as short
Lighter PONS	+0.0328%	1h	0.6050	+0.247%	$1.7M	$884K	3x	as long as short
Bybit PONSUSDT	+0.0459%	4h	0.6052	+0.282%	$18.0M	$30.8M	20x	as long as short
Aster PONSUSDT	+0.0473%	4h	0.6045	+0.161%	$1.1M	$2.1M	20x	as long as short
Bitget PONSUSDTshort	+0.0474%	4h	0.6052	+0.277%	$4.6M	$11.5M	20x
Lighter RH PONS	+0.0504%	1h	0.6048	+0.217%	$409K	$2.5M	3x	as long as short
BingX PONS-USDT	+0.0570%	4h	0.6051	+0.265%	—	$3.0M	—	as long as short
edgeX PONSUSDC	+0.0579%	4h	0.6042	+0.113%	$18K	$292K	10x	as long as short
Binance PONSUSDT	+0.0600%	4h	0.6055	+0.338%	$39.6M	$95.1M	20x	as long as short
Extended PONS-USD	+0.0600%	1h	0.6047	+0.193%	$108K	$812K	5x	as long as short
MEXC PONS_USDT	+0.0600%	4h	0.6050	+0.249%	$7.7M	$4.7M	20x	as long as short
KuCoin PONSUSDTM	+0.0662%	4h	0.6048	+0.217%	$1.7M	$3.8M	20x	as long as short
Hyperliquid PONS	+0.0784%	1h	0.6052	+0.278%	$61.8M	$28.2M	3x	as long as short
BloFin PONS-USDT	+0.0841%	4h	0.6046	+0.182%	$1.7M	$960K	20x	as long as short
Pacifica PONS	+0.0859%	1h	0.6041	+0.105%	$48K	$67K	3x	as long as short
Polymarket Perps PONS-USD	+0.0900%	1h	0.6048	+0.207%	$73K	$1.6M	3x	as long as short
Phoenix PONS	+0.1736%	1h	0.6020	−0.252%	$31K	$104K	3x	as long as short