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
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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- 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 |
Bybit PONSUSDT
edgeX PONSUSDC
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
ApeX Omni PONSUSDT
Polymarket Perps PONS-USD
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDT
Lighter RH PONS
Lighter PONS
Hyperliquid PONS
OKX PONS-USDT-SWAP
Aster PONSUSDT
KuCoin PONSUSDTM
Variational Omni PONS
Binance PONSUSDT
MEXC PONS_USDT
Extended PONS-USD
Bitget PONSUSDT
Pacifica PONS
BloFin PONS-USDT
BingX PONS-USDT
Phoenix PONS
Gate PONS_USDT