PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0308%/8h= +33.7% APRnext payment +$1.54 per $10,000 · paid last 24h +0.034%

Price spread now: Bybit against Bitget−0.481%7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$113as in the Price arb table

costs, in and out, $10k−$680.683% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.041%−$4 on $10k

Price spread, last 7 days+0.558%+$56 · spread now −0.481%, 7d avg −0.029%

Together, before fees+0.517%+$52 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.451% cheaper against Bitget than usual: you would sell low and buy high (spread −0.481% now, against its 7-day average of −0.029%). If the spread goes back, that is −$45 on $10k: about 4.9 days of funding at the current rate (+$9 a day).

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.041% in total (about -2.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.54 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	Bitget PONSUSDT	0.5908	0.0536	pay 0.0268% / 4h	3h 08m	$4.6M	$11.7M	20x
Short	Bybit PONSUSDT	0.5880	0.0844	get 0.0422% / 4h	3h 08m	$17.5M	$30.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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 BitgetbpFee BybitbpOrdersPrice spread, now −0.481%Rate

Funding earned: $64.63
Price spread: −0.481% → −0.029%: −$45.12
Slippage, 4 orders: −$45.33
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$48.82
Costs to cover: 0.683%
Break-even: 12.3 days

Slippage from Bitget: live order book, just now; Bybit: 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, just now	3.89 bp	19.0 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	1.69 bp	16.3 bp −$16	34.7 bp −$347	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	0.5904	−0.074%	$235K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+1.034%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5910	+0.030%	$416K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5910	+0.027%	$21K	$417K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5908	−0.007%	$69K	$130K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5935	+0.447%	$34K	$339K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5920	+0.193%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5914	+0.096%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5913	+0.081%	$25K	$541K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5931	+0.388%	$64K	$513K	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	0.5910	+0.027%	$1.6M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0232%	1h	0.5911	+0.044%	$368	—	3x	as long as short
Gate PONS_USDT	+0.0278%	4h	0.5894	−0.244%	$5.2M	$6.3M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0349%	4h	0.5892	−0.278%	$13.3M	$54.2M	20x	as long as short
Lighter PONS	+0.0440%	1h	0.5912	+0.059%	$1.6M	$895K	3x	as long as short
Variational Omni PONS	+0.0440%	4h	0.5911	+0.051%	$1.4M	$4.0M	—	as long as short
Hyperliquid PONS	+0.0475%	1h	0.5904	−0.073%	$60.0M	$28.8M	3x	as long as short
Aster PONSUSDT	+0.0503%	4h	0.5902	−0.114%	$1.1M	$2.2M	20x	as long as short
Bitget PONSUSDTlong	+0.0536%	4h	0.5908	long leg	$4.6M	$11.7M	20x
MEXC PONS_USDT	+0.0604%	4h	0.5880	−0.481%	$7.6M	$4.8M	20x	as long as short
Binance PONSUSDT	+0.0604%	4h	0.5902	−0.108%	$38.6M	$94.3M	20x	as long as short
Extended PONS-USD	+0.0608%	1h	0.5911	+0.051%	$106K	$807K	5x	as long as short
edgeX PONSUSDC	+0.0610%	4h	0.5945	+0.617%	$18K	$292K	10x	as long as short
BingX PONS-USDT	+0.0716%	4h	0.5910	+0.027%	—	$3.0M	—	as long as short
Polymarket Perps PONS-USD	+0.0737%	1h	0.5909	+0.014%	$80K	$1.7M	3x	as long as short
KuCoin PONSUSDTM	+0.0748%	4h	0.5911	+0.044%	$1.6M	$3.8M	20x	as long as short
Bybit PONSUSDTshort	+0.0844%	4h	0.5880	−0.481%	$17.5M	$30.8M	20x
BloFin PONS-USDT	+0.0844%	4h	0.5913	+0.078%	$1.7M	$941K	20x	as long as short
Pacifica PONS	+0.1081%	1h	0.5910	+0.034%	$46K	$68K	3x	as long as short
Phoenix PONS	+0.1586%	1h	0.5945	+0.625%	$45K	$109K	3x	as long as short