Funding you earn now, next payment 00:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.056%
Price spread now: Aster against Popdex+0.010%7-day average −0.057% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$191as in the Price arb table
costs, in and out, $10k−$1981.977% of the position
Funding, last 3 days (all we have)+0.123%+$12 on $10k
+Price spread, last 4 days (all we have)−0.104%−$10 · spread now +0.010%, 7d avg −0.057%
=Together, before fees+0.019%+ Points / potential airdropAster: Stage 5 · farm board+$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Aster is 0.067% dearer against Popdex than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.057%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Popdex PONSUSDT | 0.6123 | 0.0096 | pay 0.0012% / 1h | 27m 03s | $20K | $438K | 20x |
| Short | Aster PONSUSDT | 0.6124 | 0.0164 | get 0.0082% / 4h | 27m 03s | $1.1M | $2.2M | 20x |
Popdex PONSUSDT
Aster PONSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Popdex. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $14.27
- Price spread: +0.010% → −0.057%
- $6.72
- Slippage, 4 orders
- −$183.27
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$176.68
- Costs to cover
- 1.977%
- Break-even
- 93.7 days
Slippage from Popdex: live order book, 52 min ago; Aster: 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 Popdex live order book, 52 min ago | 10.77 bp | 85.9 bp −$86 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aster live order book, 1 min ago | 3.85 bp | 13.0 bp −$13 | 31.0 bp −$310 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PONS/USDC PERP | −0.0047% | 1h | 0.5969 | −2.507% | $614 | $10K | 5.5x | as long as short |
| gTrade (Gains Network) PONS/USD | L +0.0033% / S −0.0033% | 1h | 0.6126 | +0.047% | $242K | — | 150x | as long as short |
| Lighter RH PONS | +0.0096% | 1h | 0.6136 | +0.212% | $430K | $2.6M | 3x | as long as short |
| Popdex PONSUSDTlong | +0.0096% | 1h | 0.6123 | long leg | $20K | $438K | 20x | |
| Nado PONS-PERP | +0.0100% | 1h | 0.6129 | +0.098% | $88K | $107K | 5x | as long as short |
| Bybit PONSUSDT | +0.0100% | 4h | 0.6134 | +0.180% | $18.5M | $31.6M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.0100% | 4h | 0.6138 | +0.245% | $14.0M | $58.3M | 20x | as long as short |
| Variational Omni PONS | +0.0100% | 4h | 0.6124 | +0.021% | $1.4M | $4.2M | — | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6144 | +0.341% | $34K | $359K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6134 | +0.185% | $2K | $3K | 10x | as long as short |
Injective PONS/USDC PERP
gTrade (Gains Network) PONS/USD
Lighter RH PONS
Nado PONS-PERP
Bybit PONSUSDT
OKX PONS-USDT-SWAP
Variational Omni PONS
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythosShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX PONS-USDT | +0.0100% | 4h | 0.6121 | −0.038% | — | $1.4M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.6135 | +0.203% | $28K | $546K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6131 | +0.137% | $65K | $509K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.6140 | +0.278% | $1.7M | $3.3M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0116% | 4h | 0.6135 | +0.194% | $1.8M | $3.7M | 20x | as long as short |
| Bitget PONSUSDT | +0.0146% | 4h | 0.6140 | +0.283% | $4.8M | $11.7M | 20x | as long as short |
| Aevo PONS-PERP | +0.0160% | 1h | 0.6130 | +0.118% | $382 | — | 3x | as long as short |
| Aster PONSUSDTshort | +0.0164% | 4h | 0.6124 | +0.010% | $1.1M | $2.2M | 20x | |
| Lighter PONS | +0.0296% | 1h | 0.6137 | +0.229% | $1.7M | $923K | 3x | as long as short |
| Extended PONS-USD | +0.0304% | 1h | 0.6139 | +0.258% | $253K | $682K | 5x | as long as short |
| MEXC PONS_USDT | +0.0304% | 4h | 0.6137 | +0.229% | $8.1M | $4.9M | 20x | as long as short |
| Binance PONSUSDT | +0.0306% | 4h | 0.6142 | +0.304% | $40.2M | $98.7M | 20x | as long as short |
| BingX PONS-USDT | +0.0308% | 4h | 0.6136 | +0.212% | — | $3.0M | — | as long as short |
| edgeX PONSUSDC | +0.0308% | 4h | 0.6133 | +0.161% | $21K | $292K | 10x | as long as short |
| BloFin PONS-USDT | +0.0546% | 4h | 0.6140 | +0.278% | $1.8M | $1.0M | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.0666% | 1h | 0.6134 | +0.183% | $42K | $1.7M | 3x | as long as short |
| Hyperliquid PONS | +0.0882% | 1h | 0.6140 | +0.279% | $62.4M | $30.5M | 3x | as long as short |
| Pacifica PONS | +0.0899% | 1h | 0.6110 | −0.217% | $48K | $96K | 3x | as long as short |
| Phoenix PONS | +0.1307% | 1h | 0.6125 | +0.036% | $31K | $102K | 3x | as long as short |
| Gate PONS_USDT | +0.2348% | 4h | 0.6129 | +0.098% | $5.4M | $6.3M | 20x | as long as short |
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDT
KuCoin PONSUSDTM
Bitget PONSUSDT
Aevo PONS-PERP
Lighter PONS
Extended PONS-USD
MEXC PONS_USDT
Binance PONSUSDT
BingX PONS-USDT
edgeX PONSUSDC
BloFin PONS-USDT
Polymarket Perps PONS-USD
Hyperliquid PONS
Pacifica PONS
Phoenix PONS
Gate PONS_USDT