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