PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0349%/8h= −38.2% APRnext payment −$1.75 per $10,000 · paid last 24h +0.004%

Price spread now: edgeX against Bybit+1.025%51s7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$830.827% of the position

Long on Bybit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.117%+$12 on $10k

Price spread, last 4 days (all we have)−0.753%−$75 · spread now +1.025%, 7d avg +0.028%

Together, before fees−0.636%+ Points / potential airdropedgeX: Active · farm board−$64 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.998% dearer against Bybit than usual: you sell high and buy low (spread +1.025% now, against its 7-day average of +0.028%): +$100 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 9.5 days. Mind the row above: over the last 7 days funding on this pair paid +0.117%, so the current rate has only just turned against you. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.117% in total (about 6.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.75 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	Bybit PONSUSDT	0.6275	0.1110	pay 0.0555% / 4h	2h 54m	$19.1M	$33.4M	20x
Short	edgeX PONSUSDC	0.6339	0.0760	get 0.0380% / 4h	2h 54m	$19K	$293K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +1.025%Rate

Funding earned: −$73.35
Price spread: +1.025% → +0.028%: $99.77
Slippage, 4 orders: −$62.72
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$56.3
Costs to cover: 0.827%
Break-even: from the start

Slippage from Bybit: live order book, 4 min ago; edgeX: live order book, 38 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, 4 min ago	0.79 bp	19.7 bp −$20	66.9 bp −$669	doesn't fit	doesn't fit
Sell edgeX live order book, 38 min ago	13.76 bp	22.4 bp −$22	doesn't fit	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 +0.0032% / S −0.0030%	1h	0.6394	+1.900%	$251K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5938	−5.363%	$610	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6281	+0.096%	$23K	$427K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6298	+0.361%	$73K	$130K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6339	+1.014%	$32K	$286K	5x	as long as short
Polymarket Perps PONS-USD	+0.0100%	1h	0.6295	+0.316%	$73K	$2.2M	3x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6298	+0.363%	$2K	$4K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6289	+0.228%	—	$1.1M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6292	+0.265%	$27K	$630K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6311	+0.575%	$66K	$529K	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	0.6298	+0.367%	$1.7M	$3.2M	20x	as long as short
Lighter RH PONS	+0.0176%	1h	0.6282	+0.110%	$429K	$2.6M	3x	as long as short
Lighter PONS	+0.0200%	1h	0.6282	+0.110%	$1.7M	$836K	3x	as long as short
Hyperliquid PONS	+0.0248%	1h	0.6280	+0.075%	$64.3M	$31.0M	3x	as long as short
Aevo PONS-PERP	+0.0272%	1h	0.6291	+0.260%	$392	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0470%	4h	0.6271	−0.064%	$14.4M	$60.7M	20x	as long as short
Aster PONSUSDT	+0.0494%	4h	0.6281	+0.098%	$1.2M	$2.2M	20x	as long as short
KuCoin PONSUSDTM	+0.0550%	4h	0.6273	−0.024%	$1.8M	$4.2M	20x	as long as short
Variational Omni PONS	+0.0689%	4h	0.6315	+0.642%	$1.6M	$4.5M	—	as long as short
Binance PONSUSDT	+0.0736%	4h	0.6280	+0.080%	$41.6M	$103.7M	20x	as long as short
MEXC PONS_USDT	+0.0742%	4h	0.6279	+0.064%	$7.9M	$4.6M	20x	as long as short
Extended PONS-USD	+0.0744%	1h	0.6278	+0.049%	$105K	$813K	5x	as long as short
edgeX PONSUSDCshort	+0.0760%	4h	0.6339	+1.025%	$19K	$293K	10x
Bitget PONSUSDT	+0.0786%	4h	0.6282	+0.115%	$5.1M	$13.6M	20x	as long as short
Pacifica PONS	+0.0810%	1h	0.6276	+0.023%	$47K	$78K	3x	as long as short
BloFin PONS-USDT	+0.0983%	4h	0.6288	+0.207%	$1.9M	$1.1M	20x	as long as short
BingX PONS-USDT	+0.1080%	4h	0.6276	+0.016%	—	$3.1M	—	as long as short
Bybit PONSUSDTlong	+0.1110%	4h	0.6275	long leg	$19.1M	$33.4M	20x
Phoenix PONS	+0.1714%	1h	0.6337	+0.988%	$48K	$162K	3x	as long as short
Gate PONS_USDT	+0.2818%	4h	0.6279	+0.064%	$5.4M	$6.5M	20x	as long as short