Funding arb · Price arb /

PONS

all PONS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0002%/8hnext payment +$0.01 per $10,000 · paid last 24h −0.069%

Price spread now: edgeX against BingX+0.013%7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$620.624% of the position

Long on BingX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.169%−$17 on $10k

Price spread, last 3 days (all we have)+0.480%+$48 · spread now +0.013%, 7d avg −0.016%

Together, before fees+0.311%+ Points / potential airdropedgeX: Active · farm board+$31 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.028% dearer against BingX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX PONS-USDT	0.5897	0.0194	pay 0.0097% / 4h	6m 51s	—	$3.2M	—
Short	edgeX PONSUSDC	0.5898	0.0196	get 0.0098% / 4h	6m 51s	$21K	$292K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against BingX. 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 BingXbpFee edgeXbpOrdersPrice spread, now +0.013%Rate

Funding earned: $0.5
Price spread: +0.013% → −0.016%: $2.84
Slippage, 4 orders: −$43.38
Fee BingX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$59.04
Costs to cover: 0.624%
Break-even: 840.9 days

Slippage from BingX: live order book, 2 min ago; edgeX: live order book, 25 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 BingX live order book, 2 min ago	2.54 bp	11.0 bp −$11	32.8 bp −$328	432.5 bp −$43.2K	doesn't fit
Sell edgeX live order book, 25 min ago	11.15 bp	20.0 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
Gate PONS_USDT	−0.0168%	4h	0.5899	+0.034%	$5.2M	$7.2M	20x	as long as short
Injective PONS/USDC PERP	−0.0008%	1h	0.5863	−0.578%	$603	$6K	5.5x	as long as short
gTrade (Gains Network) PONS/USD	L +0.0032% / S −0.0032%	1h	0.5894	−0.057%	$212K	—	150x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5896	−0.017%	$21K	$494K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5899	+0.034%	$73K	$95K	5x	as long as short
Hyperliquid PONS	+0.0100%	1h	0.5897	+0.002%	$58.4M	$29.9M	3x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5894	−0.051%	$17.6M	$31.5M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5893	−0.068%	$13.2M	$56.0M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5902	+0.090%	$1.8M	$3.6M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5898	+0.010%	$4.6M	$11.5M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni PONS	+0.0100%	4h	0.5879	−0.297%	$1.2M	$4.2M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5898	+0.014%	$34K	$315K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5906	+0.144%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5901	+0.075%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5898	+0.017%	$27K	$533K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5912	+0.259%	$63K	$504K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5895	−0.034%	$1.7M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.5894	−0.049%	$367	—	3x	as long as short
Pacifica PONS	+0.0150%	1h	0.5897	+0.004%	$47K	$111K	3x	as long as short
Lighter RH PONS	+0.0192%	1h	0.5900	+0.051%	$397K	$2.5M	3x	as long as short
Extended PONS-USD	+0.0192%	1h	0.5897	+0.003%	$88K	$537K	5x	as long as short
MEXC PONS_USDT	+0.0194%	4h	0.5897	0.000%	$7.3M	$5.3M	20x	as long as short
BingX PONS-USDTlong	+0.0194%	4h	0.5897	long leg	—	$3.2M	—
Binance PONSUSDT	+0.0195%	4h	0.5897	0.000%	$38.3M	$99.3M	20x	as long as short
edgeX PONSUSDCshort	+0.0196%	4h	0.5898	+0.013%	$21K	$292K	10x
Aster PONSUSDT	+0.0204%	4h	0.5899	+0.041%	$1.1M	$2.1M	20x	as long as short
Polymarket Perps PONS-USD	+0.0259%	1h	0.5898	+0.019%	$55K	$1.8M	3x	as long as short
BloFin PONS-USDT	+0.0435%	4h	0.5904	+0.119%	$1.7M	$979K	20x	as long as short
Lighter PONS	+0.0904%	1h	0.5905	+0.129%	$1.7M	$875K	3x	as long as short
Phoenix PONS	+0.1244%	1h	0.5898	+0.020%	$27K	$80K	3x	as long as short