Funding you earn now, next payment 04:00 UTC+0.0117%/8h= +12.8% APRnext payment +$0.58 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Bitget−0.052%7-day average +0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$640.643% of the position
Funding, last 7 days+0.058%+$6 on $10k
+Price spread, last 7 days+0.123%+$12 · spread now −0.052%, 7d avg +0.019%
=Funding pays, the price is against you. Binance is 0.071% cheaper against Bitget than usual: you would sell low and buy high (spread −0.052% now, against its 7-day average of +0.019%). If the spread goes back, that is −$7 on $10k: about 2.0 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.058% in total) that is about 8.5 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget PONSUSDT | 0.6124 | 0.0274 | pay 0.0137% / 4h | 3h 11m | $4.8M | $11.3M | 20x |
| Short | Binance PONSUSDT | 0.6121 | 0.0391 | get 0.0195% / 4h | 3h 11m | $40.3M | $96.1M | 20x |
Bitget PONSUSDT
Binance PONSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bitget. 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
- $24.54
- Price spread: −0.052% → +0.019%
- −$7.08
- Slippage, 4 orders
- −$42.29
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$46.84
- Costs to cover
- 0.643%
- Break-even
- 20.4 days
Slippage from Bitget: live order book, 2 min ago; Binance: live order book, 1 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 Bitget live order book, 2 min ago | 2.12 bp | 20.1 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 1 min ago | 0.81 bp | 12.3 bp −$12 | 39.7 bp −$397 | 301.3 bp −$30.1K | 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 | 0.6111 | −0.220% | $242K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | −2.526% | $614 | $10K | 5.5x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6129 | +0.078% | $20K | $415K | 20x | as long as short |
| Variational Omni PONS | +0.0100% | 4h | 0.6118 | −0.101% | $1.4M | $4.2M | — | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6098 | −0.421% | $33K | $356K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6126 | +0.031% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.6129 | +0.085% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.6128 | +0.069% | $27K | $543K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6135 | +0.181% | $65K | $510K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.6128 | +0.062% | $1.7M | $3.2M | 20x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
Variational Omni PONS
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH PONS | +0.0144% | 1h | 0.6132 | +0.126% | $434K | $2.6M | 3x | as long as short |
| Aevo PONS-PERP | +0.0176% | 1h | 0.6121 | −0.044% | $381 | — | 3x | as long as short |
| KuCoin PONSUSDTM | +0.0208% | 4h | 0.6127 | +0.046% | $1.8M | $3.7M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.0210% | 4h | 0.6116 | −0.134% | $14.1M | $56.5M | 20x | as long as short |
| Bitget PONSUSDTlong | +0.0274% | 4h | 0.6124 | long leg | $4.8M | $11.3M | 20x | |
| Aster PONSUSDT | +0.0327% | 4h | 0.6129 | +0.083% | $1.1M | $2.0M | 20x | as long as short |
| edgeX PONSUSDC | +0.0381% | 4h | 0.6107 | −0.289% | $21K | $294K | 10x | as long as short |
| MEXC PONS_USDT | +0.0390% | 4h | 0.6126 | +0.029% | $8.0M | $4.9M | 20x | as long as short |
| Binance PONSUSDTshort | +0.0391% | 4h | 0.6121 | −0.052% | $40.3M | $96.1M | 20x | |
| Extended PONS-USD | +0.0392% | 1h | 0.6130 | +0.096% | $253K | $678K | 5x | as long as short |
| Lighter PONS | +0.0496% | 1h | 0.6132 | +0.126% | $1.7M | $941K | 3x | as long as short |
| Bybit PONSUSDT | +0.0591% | 4h | 0.6117 | −0.118% | $18.4M | $30.8M | 20x | as long as short |
| BingX PONS-USDT | +0.0592% | 4h | 0.6121 | −0.052% | — | $3.1M | — | as long as short |
| Nado PONS-PERP | +0.0602% | 1h | 0.6132 | +0.124% | $106K | $115K | 5x | as long as short |
| BloFin PONS-USDT | +0.0617% | 4h | 0.6132 | +0.127% | $1.8M | $997K | 20x | as long as short |
| Pacifica PONS | +0.0665% | 1h | 0.6131 | +0.105% | $48K | $78K | 3x | as long as short |
| Polymarket Perps PONS-USD | +0.0794% | 1h | 0.6130 | +0.088% | $45K | $1.6M | 3x | as long as short |
| Hyperliquid PONS | +0.0867% | 1h | 0.6131 | +0.105% | $62.3M | $29.1M | 3x | as long as short |
| Gate PONS_USDT | +0.1134% | 4h | 0.6122 | −0.036% | $5.4M | $6.2M | 20x | as long as short |
| Phoenix PONS | +0.1608% | 1h | 0.6139 | +0.243% | $32K | $113K | 3x | as long as short |
Lighter RH PONS
Aevo PONS-PERP
KuCoin PONSUSDTM
OKX PONS-USDT-SWAP
Aster PONSUSDT
edgeX PONSUSDC
MEXC PONS_USDT
Extended PONS-USD
Lighter PONS
Bybit PONSUSDT
BingX PONS-USDT
Nado PONS-PERP
BloFin PONS-USDT
Pacifica PONS
Polymarket Perps PONS-USD
Hyperliquid PONS
Gate PONS_USDT
Phoenix PONS