Funding you earn now, next payment 06:00 UTC−0.0114%/8h= −12.5% APRpaid last 24h −0.038%
Price spread now: Extended against BingX−0.161%7-day average −0.047% · you buy dearer than you sell
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$760.761% of the position
Funding, last 7 days−0.089%−$9 on $10k
+Price spread, last 4 days (all we have)+0.145%+$15 · spread now −0.161%, 7d avg −0.047%
=Together, before fees+0.056%+ Points / potential airdropExtended: Active · farm board+$6 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Extended is 0.114% cheaper against BingX than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.047%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PONS-USDT | 0.5937 | 0.0738 | pay 0.0369% / 4h | 2h 54m | — | $3.0M | — |
| Short | Extended PONS-USD | 0.5927 | 0.0624 | get 0.0078% / 1h | 54m 19s | $106K | $807K | 5x |
BingX PONS-USDT
Extended PONS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against BingX. 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
- −$23.94
- Price spread: −0.161% → −0.047%
- −$11.37
- Slippage, 4 orders
- −$61.13
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$111.44
- Costs to cover
- 0.761%
- Break-even
- never at this rate
Slippage from BingX: live order book, 10 min ago; Extended: live order book, 59 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, 10 min ago | 0.84 bp | 11.2 bp −$11 | 30.7 bp −$307 | 327.8 bp −$32.8K | doesn't fit |
| Sell Extended live order book, 59 min ago | 12.86 bp | 28.2 bp −$28 | 153.4 bp −$1,534 | 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 | 0.5923 | −0.228% | $235K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | +0.547% | $614 | $10K | 5.5x | as long as short |
| Lighter RH PONS | +0.0096% | 1h | 0.5925 | −0.197% | $417K | $2.5M | 3x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.5933 | −0.067% | $21K | $417K | 20x | as long as short |
| Nado PONS-PERP | +0.0100% | 1h | 0.5927 | −0.175% | $69K | $130K | 5x | as long as short |
| Gate PONS_USDT | +0.0100% | 4h | 0.5924 | −0.219% | $5.2M | $6.2M | 20x | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.5942 | +0.093% | $34K | $335K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.5942 | +0.079% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.5931 | −0.104% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.5933 | −0.074% | $26K | $545K | 3x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Lighter RH PONS
Popdex PONSUSDT
Nado PONS-PERP
Gate PONS_USDT
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDT
SoDEX PONS-USDShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX PONS-USDT | +0.0100% | 4h | 0.5940 | +0.052% | $64K | $513K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.5932 | −0.084% | $1.6M | $3.2M | 20x | as long as short |
| Aevo PONS-PERP | +0.0240% | 1h | 0.5937 | +0.007% | $370 | — | 3x | as long as short |
| Hyperliquid PONS | +0.0350% | 1h | 0.5932 | −0.091% | $60.1M | $28.9M | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.0389% | 4h | 0.5935 | −0.034% | $13.4M | $54.8M | 20x | as long as short |
| Lighter PONS | +0.0424% | 1h | 0.5928 | −0.153% | $1.6M | $886K | 3x | as long as short |
| Aster PONSUSDT | +0.0512% | 4h | 0.5934 | −0.051% | $1.1M | $2.2M | 20x | as long as short |
| Variational Omni PONS | +0.0518% | 4h | 0.5941 | +0.075% | $1.4M | $4.1M | — | as long as short |
| Bitget PONSUSDT | +0.0548% | 4h | 0.5935 | −0.037% | $4.7M | $11.8M | 20x | as long as short |
| edgeX PONSUSDC | +0.0614% | 4h | 0.5937 | −0.004% | $18K | $292K | 10x | as long as short |
| MEXC PONS_USDT | +0.0622% | 4h | 0.5933 | −0.067% | $7.6M | $4.7M | 20x | as long as short |
| Binance PONSUSDT | +0.0624% | 4h | 0.5934 | −0.055% | $38.8M | $94.8M | 20x | as long as short |
| Extended PONS-USDshort | +0.0624% | 1h | 0.5927 | −0.161% | $106K | $807K | 5x | |
| Pacifica PONS | +0.0715% | 1h | 0.5927 | −0.168% | $46K | $68K | 3x | as long as short |
| BingX PONS-USDTlong | +0.0738% | 4h | 0.5937 | long leg | — | $3.0M | — | |
| KuCoin PONSUSDTM | +0.0742% | 4h | 0.5925 | −0.199% | $1.6M | $3.8M | 20x | as long as short |
| Bybit PONSUSDT | +0.0802% | 4h | 0.5932 | −0.084% | $17.8M | $31.0M | 20x | as long as short |
| Polymarket Perps PONS-USD | +0.0828% | 1h | 0.5931 | −0.101% | $88K | $1.7M | 3x | as long as short |
| BloFin PONS-USDT | +0.0864% | 4h | 0.5937 | 0.000% | $1.7M | $945K | 20x | as long as short |
| Phoenix PONS | +0.1586% | 1h | 0.5915 | −0.369% | $45K | $121K | 3x | as long as short |
HTX PONS-USDT
Phemex PONSUSDT
Aevo PONS-PERP
Hyperliquid PONS
OKX PONS-USDT-SWAP
Lighter PONS
Aster PONSUSDT
Variational Omni PONS
Bitget PONSUSDT
edgeX PONSUSDC
MEXC PONS_USDT
Binance PONSUSDT
Pacifica PONS
KuCoin PONSUSDTM
Bybit PONSUSDT
Polymarket Perps PONS-USD
BloFin PONS-USDT
Phoenix PONS