Funding you earn now, next payment 04:00 UTC+0.0090%/8h= +9.9% APRnext payment +$0.45 per $10,000 · paid last 24h +0.044%
Price spread now: BingX against Bitget−0.043%7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$660.662% of the position
Funding, last 7 days+0.254%+$25 on $10k
+Price spread, last 4 days (all we have)−0.039%−$4 · spread now −0.043%, 7d avg −0.007%
=Funding pays, the price is against you. BingX is 0.037% cheaper against Bitget than usual: you would sell low and buy high (spread −0.043% now, against its 7-day average of −0.007%). If the spread goes back, that is −$4 on $10k: about 33 hours of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget PONSUSDT | 0.5980 | 0.0390 | pay 0.0195% / 4h | 1h 38m | $4.7M | $11.3M | 20x |
| Short | BingX PONS-USDT | 0.5977 | 0.0480 | get 0.0240% / 4h | 1h 38m | — | $3.0M | — |
Bitget PONSUSDT
BingX PONS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $18.9
- Price spread: −0.043% → −0.007%
- −$3.67
- Slippage, 4 orders
- −$44.24
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$51.02
- Costs to cover
- 0.662%
- Break-even
- 25.9 days
Slippage from Bitget: live order book, 5 min ago; BingX: live order book, 11 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, 5 min ago | 2.66 bp | 17.2 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 11 min ago | 4.19 bp | 13.1 bp −$13 | 29.6 bp −$296 | 111.1 bp −$11.1K | 1135.0 bp −$567.5K |
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 | 0.5980 | +0.014% | $237K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | −0.169% | $614 | $10K | 5.5x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.5951 | −0.478% | $20K | $424K | 20x | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.5998 | +0.313% | $33K | $351K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.5994 | +0.232% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.5983 | +0.050% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.5986 | +0.107% | $26K | $517K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.5987 | +0.130% | $64K | $507K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.5987 | +0.124% | $1.6M | $3.2M | 20x | as long as short |
| Variational Omni PONS | +0.0106% | 4h | 0.5978 | −0.021% | $1.4M | $3.9M | — | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDT
Variational Omni PONSShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH PONS | +0.0184% | 1h | 0.5971 | −0.149% | $419K | $2.5M | 3x | as long as short |
| Aevo PONS-PERP | +0.0200% | 1h | 0.5979 | −0.015% | $372 | — | 3x | as long as short |
| Nado PONS-PERP | +0.0227% | 1h | 0.5951 | −0.483% | $70K | $129K | 5x | as long as short |
| Lighter PONS | +0.0272% | 1h | 0.5974 | −0.094% | $1.6M | $875K | 3x | as long as short |
| OKX PONS-USDT-SWAP | +0.0285% | 4h | 0.5948 | −0.528% | $13.6M | $53.8M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0346% | 4h | 0.5974 | −0.087% | $1.7M | $3.7M | 20x | as long as short |
| Bitget PONSUSDTlong | +0.0390% | 4h | 0.5980 | long leg | $4.7M | $11.3M | 20x | |
| Gate PONS_USDT | +0.0400% | 4h | 0.5974 | −0.094% | $5.2M | $6.2M | 20x | as long as short |
| Aster PONSUSDT | +0.0416% | 4h | 0.5971 | −0.151% | $1.1M | $2.1M | 20x | as long as short |
| Extended PONS-USD | +0.0472% | 1h | 0.5976 | −0.054% | $248K | $670K | 5x | as long as short |
| Binance PONSUSDT | +0.0474% | 4h | 0.5961 | −0.303% | $39.0M | $93.8M | 20x | as long as short |
| MEXC PONS_USDT | +0.0474% | 4h | 0.5977 | −0.043% | $7.6M | $4.7M | 20x | as long as short |
| BingX PONS-USDTshort | +0.0480% | 4h | 0.5977 | −0.043% | — | $3.0M | — | |
| edgeX PONSUSDC | +0.0493% | 4h | 0.5986 | +0.104% | $18K | $292K | 10x | as long as short |
| Bybit PONSUSDT | +0.0498% | 4h | 0.5948 | −0.528% | $17.8M | $30.3M | 20x | as long as short |
| BloFin PONS-USDT | +0.0714% | 4h | 0.5993 | +0.224% | $1.7M | $954K | 20x | as long as short |
| Hyperliquid PONS | +0.0723% | 1h | 0.5974 | −0.090% | $60.9M | $27.7M | 3x | as long as short |
| Pacifica PONS | +0.0755% | 1h | 0.5977 | −0.048% | $47K | $72K | 3x | as long as short |
| Polymarket Perps PONS-USD | +0.0809% | 1h | 0.5985 | +0.097% | $49K | $1.6M | 3x | as long as short |
| Phoenix PONS | +0.1639% | 1h | 0.6004 | +0.408% | $31K | $98K | 3x | as long as short |
Lighter RH PONS
Aevo PONS-PERP
Nado PONS-PERP
Lighter PONS
OKX PONS-USDT-SWAP
KuCoin PONSUSDTM
Gate PONS_USDT
Aster PONSUSDT
Extended PONS-USD
Binance PONSUSDT
MEXC PONS_USDT
edgeX PONSUSDC
Bybit PONSUSDT
BloFin PONS-USDT
Hyperliquid PONS
Pacifica PONS
Polymarket Perps PONS-USD
Phoenix PONS