PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0012%/8h= −1.3% APRnext payment −$0.06 per $10,000 · paid last 24h +0.048%

Price spread now: edgeX against Aster−0.175%7-day average +0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$640.639% of the position

Long on Aster Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.357%+$36 on $10k

Price spread, last 3 days (all we have)+0.356%+$36 · spread now −0.175%, 7d avg +0.053%

Together, before fees+0.713%+ Points / potential airdropAster: Stage 5 · edgeX: Active · farm board+$71 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and edgeX is 0.229% cheaper against Aster than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of +0.053%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.357%, 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	0.5906	0.0194	pay 0.0097% / 4h	2h 21m	$1.1M	$2.2M	20x
Short	edgeX PONSUSDC	0.5896	0.0182	get 0.0091% / 4h	2h 21m	$21K	$293K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.175%Rate

Funding earned: −$2.55
Price spread: −0.175% → +0.053%: −$22.88
Slippage, 4 orders: −$46.85
Fee Aster: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$89.28
Costs to cover: 0.639%
Break-even: never at this rate

Slippage from Aster: live order book, 2 min ago; edgeX: live order book, 2 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, 2 min ago	2.89 bp	11.5 bp −$12	29.6 bp −$296	doesn't fit	doesn't fit
Sell edgeX live order book, 2 min ago	11.86 bp	20.3 bp −$20	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 +0.0032% / S −0.0034%	1h	0.5894	−0.205%	$216K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0066%	1h	0.5920	+0.223%	$609	$6K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5905	−0.024%	$21K	$446K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5904	−0.041%	$89K	$103K	5x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5899	−0.126%	$17.6M	$31.8M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5897	−0.160%	$13.4M	$56.1M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5904	−0.048%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5904	−0.045%	$4.6M	$11.7M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5909	+0.040%	$1.3M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5895	−0.188%	$34K	$333K	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5909	+0.040%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5910	+0.057%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5901	−0.090%	$27K	$549K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5905	−0.019%	$64K	$504K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5896	−0.177%	$1.6M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.5902	−0.075%	$368	—	3x	as long as short
Extended PONS-USD	+0.0176%	1h	0.5902	−0.070%	$106K	$533K	5x	as long as short
Binance PONSUSDT	+0.0178%	4h	0.5903	−0.058%	$38.4M	$98.4M	20x	as long as short
MEXC PONS_USDT	+0.0178%	4h	0.5906	−0.007%	$7.5M	$5.2M	20x	as long as short
edgeX PONSUSDCshort	+0.0182%	4h	0.5896	−0.175%	$21K	$293K	10x
BingX PONS-USDT	+0.0184%	4h	0.5898	−0.143%	—	$3.1M	—	as long as short
Aster PONSUSDTlong	+0.0194%	4h	0.5906	long leg	$1.1M	$2.2M	20x
Polymarket Perps PONS-USD	+0.0352%	1h	0.5906	−0.014%	$37K	$1.8M	3x	as long as short
BloFin PONS-USDT	+0.0421%	4h	0.5901	−0.092%	$1.7M	$965K	20x	as long as short
Pacifica PONS	+0.0474%	1h	0.5910	+0.059%	$47K	$103K	3x	as long as short
Hyperliquid PONS	+0.0491%	1h	0.5903	−0.055%	$59.1M	$30.0M	3x	as long as short
Lighter RH PONS	+0.0632%	1h	0.5910	+0.059%	$415K	$2.6M	3x	as long as short
Gate PONS_USDT	+0.0666%	4h	0.5900	−0.109%	$5.2M	$6.8M	20x	as long as short
Lighter PONS	+0.1040%	1h	0.5913	+0.103%	$1.7M	$883K	3x	as long as short
Phoenix PONS	+0.1275%	1h	0.5904	−0.041%	$30K	$86K	3x	as long as short