PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0025%/8h= +2.8% APRnext payment +$0.13 per $10,000 · paid last 24h +0.085%

Price spread now: BingX against Aster+0.451%7-day average +0.074% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$8as in the Price arb table

costs, in and out, $10k−$460.455% of the position

Long on Aster Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.526%+$53 on $10k

Price spread, last 4 days (all we have)−0.606%−$61 · spread now +0.451%, 7d avg +0.074%

Together, before fees−0.080%+ Points / potential airdropAster: Stage 5 · farm board−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BingX is 0.377% dearer against Aster than usual: you sell high and buy low: +$38 more if the spread goes back to its 7-day average of +0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster PONSUSDT	0.6040	0.0363	pay 0.0181% / 4h	2h 25m	$1.1M	$2.0M	20x
Short	BingX PONS-USDT	0.6067	0.0388	get 0.0194% / 4h	2h 25m	—	$3.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Aster. 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 AsterbpFee BingXbpOrdersPrice spread, now +0.451%Rate

Funding earned: $5.33
Price spread: +0.451% → +0.074%: $37.69
Slippage, 4 orders: −$27.54
Fee Aster: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$2.52
Costs to cover: 0.455%
Break-even: 10.3 days

Slippage from Aster: live order book, 3 min ago; BingX: 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 Aster live order book, 3 min ago	2.82 bp	8.9 bp −$9	31.1 bp −$311	doesn't fit	doesn't fit
Sell BingX live order book, 5 min ago	2.49 bp	11.7 bp −$12	27.1 bp −$271	143.2 bp −$14.3K	doesn't fit

PONS on 29 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	0.6037	−0.038%	$239K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.163%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6042	+0.037%	$20K	$422K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6026	−0.236%	$1.4M	$4.0M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6017	−0.370%	$33K	$353K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6049	+0.151%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6043	+0.052%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6046	+0.103%	$26K	$518K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6063	+0.383%	$65K	$509K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6046	+0.103%	$1.7M	$3.2M	20x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH PONS	+0.0184%	1h	0.6045	+0.083%	$426K	$2.5M	3x	as long as short
Aevo PONS-PERP	+0.0184%	1h	0.6043	+0.054%	$376	—	3x	as long as short
KuCoin PONSUSDTM	+0.0218%	4h	0.6047	+0.120%	$1.7M	$3.6M	20x	as long as short
Nado PONS-PERP	+0.0224%	1h	0.6042	+0.044%	$71K	$131K	5x	as long as short
Bybit PONSUSDT	+0.0240%	4h	0.6070	+0.501%	$18.2M	$30.5M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0241%	4h	0.6074	+0.567%	$13.9M	$55.4M	20x	as long as short
Lighter PONS	+0.0248%	1h	0.6043	+0.052%	$1.7M	$884K	3x	as long as short
Bitget PONSUSDT	+0.0306%	4h	0.6070	+0.501%	$4.7M	$11.3M	20x	as long as short
Aster PONSUSDTlong	+0.0363%	4h	0.6040	long leg	$1.1M	$2.0M	20x
BingX PONS-USDTshort	+0.0388%	4h	0.6067	+0.451%	—	$3.0M	—
Extended PONS-USD	+0.0400%	1h	0.6046	+0.106%	$249K	$672K	5x	as long as short
MEXC PONS_USDT	+0.0402%	4h	0.6063	+0.385%	$7.8M	$4.7M	20x	as long as short
Binance PONSUSDT	+0.0403%	4h	0.6067	+0.451%	$39.8M	$94.8M	20x	as long as short
edgeX PONSUSDC	+0.0416%	4h	0.6024	−0.265%	$21K	$291K	10x	as long as short
Gate PONS_USDT	+0.0452%	4h	0.6056	+0.269%	$5.3M	$6.1M	20x	as long as short
Hyperliquid PONS	+0.0685%	1h	0.6067	+0.449%	$61.8M	$28.3M	3x	as long as short
Polymarket Perps PONS-USD	+0.0739%	1h	0.6046	+0.105%	$45K	$1.5M	3x	as long as short
Pacifica PONS	+0.0869%	1h	0.6037	−0.041%	$48K	$75K	3x	as long as short
Phoenix PONS	+0.1695%	1h	0.6031	−0.137%	$31K	$107K	3x	as long as short