PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0074%/8h= −8.2% APRnext payment −$0.37 per $10,000 · paid last 24h +0.064%

Price spread now: Bitget against Aster+0.218%7-day average +0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$630.627% of the position

Long on Aster Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.271%+$27 on $10k

Price spread, last 7 days−0.204%−$20 · spread now +0.218%, 7d avg +0.053%

Together, before fees+0.068%+ Points / potential airdropAster: Stage 5 · farm board+$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.164% dearer against Aster than usual: you sell high and buy low (spread +0.218% now, against its 7-day average of +0.053%): +$16 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 7.3 days. Mind the row above: over the last 7 days funding on this pair paid +0.271%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster PONSUSDT	0.6108	0.0184	pay 0.0092% / 4h	54m 47s	$1.1M	$2.2M	20x
Short	Bitget PONSUSDT	0.6121	0.0110	get 0.0055% / 4h	54m 47s	$4.8M	$11.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.218%Rate

Funding earned: −$15.64
Price spread: +0.218% → +0.053%: $16.42
Slippage, 4 orders: −$42.71
Fee Aster: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$61.93
Costs to cover: 0.627%
Break-even: never at this rate

Slippage from Aster: live order book, 4 min ago; Bitget: live order book, 4 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, 4 min ago	4.02 bp	11.5 bp −$12	26.2 bp −$262	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	3.04 bp	17.7 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
Injective PONS/USDC PERP	−0.0047%	1h	0.5969	−2.263%	$614	$10K	5.5x	as long as short
gTrade (Gains Network) PONS/USD	L +0.0033% / S −0.0036%	1h	0.6102	−0.094%	$230K	—	150x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6079	−0.470%	$21K	$450K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6090	−0.290%	$86K	$107K	5x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.6112	+0.070%	$18.4M	$31.8M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.6114	+0.103%	$13.9M	$58.2M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.6115	+0.123%	$1.8M	$3.7M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6082	−0.418%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6091	−0.274%	$33K	$360K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6108	+0.005%	$3K	$3K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX PONS-USDT	+0.0100%	4h	0.6101	−0.103%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6112	+0.078%	$28K	$548K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6107	−0.012%	$65K	$508K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6106	−0.028%	$1.7M	$3.3M	20x	as long as short
Bitget PONSUSDTshort	+0.0110%	4h	0.6121	+0.218%	$4.8M	$11.7M	20x
Lighter RH PONS	+0.0144%	1h	0.6117	+0.152%	$431K	$2.6M	3x	as long as short
Aevo PONS-PERP	+0.0144%	1h	0.6105	−0.046%	$380	—	3x	as long as short
Aster PONSUSDTlong	+0.0184%	4h	0.6108	long leg	$1.1M	$2.2M	20x
Lighter PONS	+0.0192%	1h	0.6117	+0.152%	$1.7M	$921K	3x	as long as short
Extended PONS-USD	+0.0248%	1h	0.6117	+0.145%	$253K	$680K	5x	as long as short
MEXC PONS_USDT	+0.0250%	4h	0.6117	+0.152%	$8.1M	$4.8M	20x	as long as short
BingX PONS-USDT	+0.0252%	4h	0.6115	+0.119%	—	$3.1M	—	as long as short
Binance PONSUSDT	+0.0254%	4h	0.6116	+0.136%	$39.8M	$98.9M	20x	as long as short
edgeX PONSUSDC	+0.0256%	4h	0.6092	−0.263%	$21K	$292K	10x	as long as short
BloFin PONS-USDT	+0.0490%	4h	0.6110	+0.037%	$1.7M	$1.0M	20x	as long as short
Polymarket Perps PONS-USD	+0.0761%	1h	0.6107	−0.010%	$40K	$1.7M	3x	as long as short
Pacifica PONS	+0.0899%	1h	0.6086	−0.363%	$48K	$96K	3x	as long as short
Hyperliquid PONS	+0.1055%	1h	0.6125	+0.275%	$62.4M	$30.5M	3x	as long as short
Phoenix PONS	+0.1398%	1h	0.6092	−0.256%	$31K	$102K	3x	as long as short
Gate PONS_USDT	+0.1796%	4h	0.6105	−0.044%	$5.3M	$6.2M	20x	as long as short