PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0610%/8h= −66.7% APRnext payment −$3.05 per $10,000 · paid last 24h −0.047%

Price spread now: edgeX against Bybit+0.433%111s7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$59as 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−$710.713% of the position

Long on Bybit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.123%+$12 on $10k

Price spread, last 3 days (all we have)−0.364%−$36 · spread now +0.433%, 7d avg +0.020%

Together, before fees−0.241%+ Points / potential airdropedgeX: Active · farm board−$24 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.413% dearer against Bybit than usual: you sell high and buy low (spread +0.433% now, against its 7-day average of +0.020%): +$41 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 2.3 days. Mind the row above: over the last 7 days funding on this pair paid +0.123%, so the current rate has only just turned against you. The two prices were read 111 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 0.123% in total (about 6.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.05 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	0.6046	0.0917	pay 0.0458% / 4h	3h 55m	$18.2M	$31.3M	20x
Short	edgeX PONSUSDC	0.6072	0.0307	get 0.0154% / 4h	3h 55m	$21K	$292K	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 +0.433%Rate

Funding earned: −$128
Price spread: +0.433% → +0.020%: $41.3
Slippage, 4 orders: −$51.25
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$157.95
Costs to cover: 0.713%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; edgeX: live order book, 17 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	1.65 bp	15.1 bp −$15	36.0 bp −$360	doesn't fit	doesn't fit
Sell edgeX live order book, 17 min ago	11.48 bp	20.0 bp −$20	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
Gate PONS_USDT	−0.0852%	4h	0.6058	+0.198%	$5.3M	$6.1M	20x	as long as short
gTrade (Gains Network) PONS/USD	L +0.0033% / S −0.0033%	1h	0.6056	+0.166%	$240K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.265%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.6058	+0.205%	$423K	$2.5M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6064	+0.298%	$20K	$417K	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.6045	−0.017%	$13.8M	$57.2M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6066	+0.326%	$1.4M	$4.2M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6082	+0.595%	$33K	$357K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6067	+0.341%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6069	+0.385%	—	$1.4M	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX PONS-USD	+0.0100%	1h	0.6061	+0.243%	$28K	$548K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6079	+0.546%	$65K	$510K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6068	+0.364%	$1.7M	$3.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0150%	4h	0.6044	−0.033%	$1.7M	$3.8M	20x	as long as short
Aevo PONS-PERP	+0.0152%	1h	0.6063	+0.277%	$378	—	3x	as long as short
Aster PONSUSDT	+0.0160%	4h	0.6054	+0.130%	$1.1M	$2.2M	20x	as long as short
Bitget PONSUSDT	+0.0186%	4h	0.6050	+0.063%	$4.7M	$11.7M	20x	as long as short
Lighter PONS	+0.0200%	1h	0.6058	+0.198%	$1.7M	$894K	3x	as long as short
Binance PONSUSDT	+0.0302%	4h	0.6052	+0.099%	$39.6M	$97.8M	20x	as long as short
MEXC PONS_USDT	+0.0302%	4h	0.6052	+0.099%	$7.9M	$4.8M	20x	as long as short
Extended PONS-USD	+0.0304%	1h	0.6061	+0.246%	$252K	$679K	5x	as long as short
edgeX PONSUSDCshort	+0.0307%	4h	0.6072	+0.433%	$21K	$292K	10x
Nado PONS-PERP	+0.0333%	1h	0.6064	+0.301%	$105K	$116K	5x	as long as short
BloFin PONS-USDT	+0.0540%	4h	0.6067	+0.347%	$1.8M	$1.0M	20x	as long as short
Pacifica PONS	+0.0665%	1h	0.6054	+0.128%	$48K	$96K	3x	as long as short
Polymarket Perps PONS-USD	+0.0830%	1h	0.6063	+0.286%	$41K	$1.6M	3x	as long as short
BingX PONS-USDT	+0.0916%	4h	0.6059	+0.215%	—	$3.1M	—	as long as short
Bybit PONSUSDTlong	+0.0917%	4h	0.6046	long leg	$18.2M	$31.3M	20x
Hyperliquid PONS	+0.1150%	1h	0.6058	+0.202%	$61.7M	$30.0M	3x	as long as short
Phoenix PONS	+0.1307%	1h	0.6073	+0.452%	$31K	$113K	3x	as long as short