PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0123%/8h= +13.5% APRnext payment +$0.62 per $10,000 · paid last 24h −0.065%

Price spread now: Aster against Bybit+0.052%7-day average −0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$580.575% of the position

Long on Bybit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.231%−$23 on $10k

Price spread, last 7 days−0.150%−$15 · spread now +0.052%, 7d avg −0.030%

Together, before fees−0.381%+ Points / potential airdropAster: Stage 5 · farm board−$38 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Aster is 0.082% dearer against Bybit than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.030%. Mind the row above: over the last 7 days funding on this pair cost −0.231%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit PONSUSDT	0.6025	0.0242	pay 0.0121% / 4h	2h 25m	$18.1M	$30.5M	20x
Short	Aster PONSUSDT	0.6028	0.0365	get 0.0182% / 4h	2h 25m	$1.1M	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bybit. 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 BybitbpFee AsterbpOrdersPrice spread, now +0.052%Rate

Funding earned: $25.85
Price spread: +0.052% → −0.030%: $8.22
Slippage, 4 orders: −$38.51
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aster: 4 bp × 2 orders: −$8
Net: −$23.44
Costs to cover: 0.575%
Break-even: 13.3 days

Slippage from Bybit: live order book, 3 min ago; Aster: live order book, 3 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 Bybit live order book, 3 min ago	3.32 bp	17.4 bp −$17	39.1 bp −$391	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	2.82 bp	13.2 bp −$13	31.6 bp −$316	doesn't fit	doesn't fit

PONS on 29 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	0.6020	−0.088%	$238K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.921%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6029	+0.066%	$20K	$423K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6026	+0.008%	$1.4M	$4.0M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6017	−0.126%	$33K	$353K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6030	+0.091%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6030	+0.078%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6030	+0.081%	$26K	$518K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6034	+0.154%	$64K	$509K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6031	+0.100%	$1.7M	$3.2M	20x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH PONS	+0.0160%	1h	0.6027	+0.033%	$425K	$2.5M	3x	as long as short
Aevo PONS-PERP	+0.0184%	1h	0.6027	+0.027%	$375	—	3x	as long as short
KuCoin PONSUSDTM	+0.0216%	4h	0.6032	+0.118%	$1.7M	$3.7M	20x	as long as short
Nado PONS-PERP	+0.0227%	1h	0.6025	0.000%	$71K	$131K	5x	as long as short
OKX PONS-USDT-SWAP	+0.0234%	4h	0.6025	0.000%	$13.8M	$54.9M	20x	as long as short
Bybit PONSUSDTlong	+0.0242%	4h	0.6025	long leg	$18.1M	$30.5M	20x
Lighter PONS	+0.0248%	1h	0.6027	+0.033%	$1.7M	$884K	3x	as long as short
Bitget PONSUSDT	+0.0304%	4h	0.6034	+0.156%	$4.7M	$11.3M	20x	as long as short
Aster PONSUSDTshort	+0.0365%	4h	0.6028	+0.052%	$1.1M	$2.0M	20x
BingX PONS-USDT	+0.0388%	4h	0.6030	+0.083%	—	$3.0M	—	as long as short
Extended PONS-USD	+0.0400%	1h	0.6033	+0.138%	$249K	$672K	5x	as long as short
Binance PONSUSDT	+0.0403%	4h	0.6031	+0.100%	$39.5M	$94.8M	20x	as long as short
MEXC PONS_USDT	+0.0404%	4h	0.6033	+0.133%	$7.7M	$4.7M	20x	as long as short
edgeX PONSUSDC	+0.0409%	4h	0.6021	−0.074%	$21K	$291K	10x	as long as short
Gate PONS_USDT	+0.0464%	4h	0.6027	+0.033%	$5.3M	$6.1M	20x	as long as short
Hyperliquid PONS	+0.0683%	1h	0.6028	+0.050%	$61.3M	$28.2M	3x	as long as short
Polymarket Perps PONS-USD	+0.0736%	1h	0.6029	+0.061%	$45K	$1.5M	3x	as long as short
Pacifica PONS	+0.0869%	1h	0.6022	−0.044%	$47K	$75K	3x	as long as short
Phoenix PONS	+0.1695%	1h	0.6041	+0.261%	$31K	$107K	3x	as long as short