PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0217%/8h= +23.8% APRnext payment +$1.09 per $10,000 · paid last 24h +0.017%

Price spread now: Bybit against Binance+0.023%7-day average −0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as in the Funding arb table

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

costs, in and out, $10k−$530.530% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.101%−$10 on $10k

Price spread, last 7 days−0.041%−$4 · spread now +0.023%, 7d avg −0.046%

Together, before fees−0.142%−$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Bybit is 0.068% dearer against Binance than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.046%. Mind the row above: over the last 7 days funding on this pair cost −0.101%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.101% in total (about -5.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.09 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PONSUSDT	0.5920	0.0527	pay 0.0263% / 4h	1h 34m	$37.2M	$98.5M	20x
Short	Bybit PONSUSDT	0.5921	0.0744	get 0.0372% / 4h	1h 34m	$17.6M	$31.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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 BinancebpFee BybitbpOrdersPrice spread, now +0.023%Rate

Funding earned: $45.59
Price spread: +0.023% → −0.046%: $6.83
Slippage, 4 orders: −$32
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$0.58
Costs to cover: 0.530%
Break-even: 7.1 days

Slippage from Binance: live order book, 9 min ago; Bybit: 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 Binance live order book, 9 min ago	0.84 bp	12.2 bp −$12	38.0 bp −$380	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	1.69 bp	15.0 bp −$15	38.3 bp −$383	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 −0.0032%	1h	0.5912	−0.135%	$235K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+0.842%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5919	−0.008%	$416K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5923	+0.056%	$22K	$421K	20x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5927	+0.127%	$2K	$3K	10x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5922	+0.035%	$69K	$131K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5903	−0.288%	$29K	$316K	5x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5921	+0.018%	—	$1.2M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5919	−0.009%	$26K	$586K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5926	+0.111%	$65K	$525K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex PONSUSDT	+0.0100%	4h	0.5921	+0.023%	$1.6M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0208%	1h	0.5922	+0.040%	$369	—	3x	as long as short
Hyperliquid PONS	+0.0221%	1h	0.5919	−0.003%	$60.1M	$29.5M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0399%	4h	0.5922	+0.040%	$13.3M	$55.9M	20x	as long as short
Gate PONS_USDT	+0.0406%	4h	0.5915	−0.079%	$5.3M	$6.3M	20x	as long as short
Polymarket Perps PONS-USD	+0.0441%	1h	0.5918	−0.031%	$94K	$1.9M	3x	as long as short
Aster PONSUSDT	+0.0465%	4h	0.5923	+0.056%	$1.1M	$2.2M	20x	as long as short
MEXC PONS_USDT	+0.0520%	4h	0.5919	−0.011%	$7.5M	$4.7M	20x	as long as short
Binance PONSUSDTlong	+0.0527%	4h	0.5920	long leg	$37.2M	$98.5M	20x
Extended PONS-USD	+0.0528%	1h	0.5920	+0.009%	$101K	$811K	5x	as long as short
edgeX PONSUSDC	+0.0536%	4h	0.5909	−0.179%	$20K	$292K	10x	as long as short
Pacifica PONS	+0.0556%	1h	0.5920	+0.012%	$45K	$68K	3x	as long as short
Variational Omni PONS	+0.0595%	4h	0.5908	−0.189%	$1.4M	$4.1M	—	as long as short
KuCoin PONSUSDTM	+0.0636%	4h	0.5921	+0.031%	$1.6M	$3.8M	20x	as long as short
Bitget PONSUSDT	+0.0676%	4h	0.5923	+0.062%	$4.7M	$12.2M	20x	as long as short
BingX PONS-USDT	+0.0724%	4h	0.5918	−0.028%	—	$3.0M	—	as long as short
Bybit PONSUSDTshort	+0.0744%	4h	0.5921	+0.023%	$17.6M	$31.4M	20x
Lighter PONS	+0.0744%	1h	0.5923	+0.062%	$1.6M	$830K	3x	as long as short
BloFin PONS-USDT	+0.0761%	4h	0.5931	+0.192%	$1.7M	$955K	20x	as long as short
Phoenix PONS	+0.1472%	1h	0.5909	−0.183%	$45K	$127K	3x	as long as short