Funding you earn now, next payment 04:00 UTC+0.0073%/8h= +8.0% APRnext payment +$0.37 per $10,000 · paid last 24h +0.064%
Price spread now: Bybit against Aster+0.167%7-day average +0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$540.539% of the position
Funding, last 7 days+0.231%+$23 on $10k
+Price spread, last 7 days−0.090%−$9 · spread now +0.167%, 7d avg +0.028%
=Together, before fees+0.141%+ Points / potential airdropAster: Stage 5 · farm board+$14 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 Bybit is 0.139% dearer against Aster than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.028%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster PONSUSDT | 0.5982 | 0.0420 | pay 0.0210% / 4h | 1h 40m | $1.1M | $2.0M | 20x |
| Short | Bybit PONSUSDT | 0.5992 | 0.0493 | get 0.0247% / 4h | 1h 40m | $18.0M | $30.3M | 20x |
Aster PONSUSDT
Bybit PONSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Aster. 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
- $15.37
- Price spread: +0.167% → +0.028%
- $13.88
- Slippage, 4 orders
- −$34.86
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$24.61
- Costs to cover
- 0.539%
- Break-even
- 18.2 days
Slippage from Aster: live order book, 3 min ago; Bybit: live order book, 3 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 | 4.99 bp | 10.4 bp −$10 | 28.1 bp −$281 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 1.67 bp | 15.4 bp −$15 | 36.9 bp −$369 | 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 −0.0033% | 1h | 0.5973 | −0.146% | $237K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | −0.209% | $614 | $10K | 5.5x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.5984 | +0.033% | $20K | $424K | 20x | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.5998 | +0.272% | $33K | $351K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.5981 | −0.020% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.5982 | +0.003% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.5975 | −0.110% | $26K | $516K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.5984 | +0.030% | $64K | $507K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.5983 | +0.017% | $1.6M | $3.2M | 20x | as long as short |
| Variational Omni PONS | +0.0106% | 4h | 0.5978 | −0.061% | $1.4M | $3.9M | — | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDT
Variational Omni PONSShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH PONS | +0.0168% | 1h | 0.5990 | +0.132% | $420K | $2.5M | 3x | as long as short |
| Aevo PONS-PERP | +0.0200% | 1h | 0.5978 | −0.067% | $372 | — | 3x | as long as short |
| Nado PONS-PERP | +0.0237% | 1h | 0.5982 | −0.004% | $70K | $129K | 5x | as long as short |
| Lighter PONS | +0.0272% | 1h | 0.5990 | +0.132% | $1.7M | $875K | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.0287% | 4h | 0.5991 | +0.150% | $13.7M | $54.2M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0346% | 4h | 0.5994 | +0.196% | $1.7M | $3.7M | 20x | as long as short |
| Bitget PONSUSDT | +0.0388% | 4h | 0.5985 | +0.057% | $4.7M | $11.2M | 20x | as long as short |
| Aster PONSUSDTlong | +0.0420% | 4h | 0.5982 | long leg | $1.1M | $2.0M | 20x | |
| Gate PONS_USDT | +0.0434% | 4h | 0.5988 | +0.100% | $5.2M | $6.2M | 20x | as long as short |
| edgeX PONSUSDC | +0.0463% | 4h | 0.6005 | +0.390% | $18K | $291K | 10x | as long as short |
| Binance PONSUSDT | +0.0473% | 4h | 0.5995 | +0.213% | $39.2M | $93.7M | 20x | as long as short |
| MEXC PONS_USDT | +0.0478% | 4h | 0.5990 | +0.134% | $7.6M | $4.7M | 20x | as long as short |
| Extended PONS-USD | +0.0480% | 1h | 0.5993 | +0.184% | $248K | $670K | 5x | as long as short |
| BingX PONS-USDT | +0.0480% | 4h | 0.5982 | 0.000% | — | $3.0M | — | as long as short |
| Bybit PONSUSDTshort | +0.0493% | 4h | 0.5992 | +0.167% | $18.0M | $30.3M | 20x | |
| BloFin PONS-USDT | +0.0719% | 4h | 0.5984 | +0.033% | $1.7M | $953K | 20x | as long as short |
| Hyperliquid PONS | +0.0731% | 1h | 0.5993 | +0.189% | $61.1M | $27.8M | 3x | as long as short |
| Pacifica PONS | +0.0755% | 1h | 0.5993 | +0.186% | $47K | $72K | 3x | as long as short |
| Polymarket Perps PONS-USD | +0.0795% | 1h | 0.5987 | +0.080% | $49K | $1.6M | 3x | as long as short |
| Phoenix PONS | +0.1639% | 1h | 0.6004 | +0.368% | $31K | $98K | 3x | as long as short |
Lighter RH PONS
Aevo PONS-PERP
Nado PONS-PERP
Lighter PONS
OKX PONS-USDT-SWAP
KuCoin PONSUSDTM
Bitget PONSUSDT
Gate PONS_USDT
edgeX PONSUSDC
Binance PONSUSDT
MEXC PONS_USDT
Extended PONS-USD
BingX PONS-USDT
BloFin PONS-USDT
Hyperliquid PONS
Pacifica PONS
Polymarket Perps PONS-USD
Phoenix PONS