PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0727%/8h= +79.6% APRnext payment +$3.64 per $10,000 · paid last 24h +0.088%

Price spread now: Bybit against OKX+0.033%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$530.526% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.096%+$10 on $10k

Price spread, last 7 days−0.009%−$1 · spread now +0.033%, 7d avg +0.006%

Together, before fees+0.087%+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Bybit is 0.027% dearer against OKX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.006%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.096% in total (about 5.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.64 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	OKX PONS-USDT-SWAP	0.6036	0.0355	pay 0.0177% / 4h	3h 29m	$13.7M	$55.3M	20x
Short	Bybit PONSUSDT	0.6038	0.1082	get 0.0541% / 4h	3h 29m	$18.1M	$30.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against OKX. 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 OKXbpFee BybitbpOrdersPrice spread, now +0.033%Rate

Funding earned: $152.75
Price spread: +0.033% → +0.006%: $2.7
Slippage, 4 orders: −$31.56
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $102.89
Costs to cover: 0.526%
Break-even: 2.3 days

Slippage from OKX: live order book, 5 min ago; Bybit: live order book, 5 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 OKX live order book, 5 min ago	0.83 bp	12.2 bp −$12	24.5 bp −$245	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	1.65 bp	8.8 bp −$9	29.6 bp −$296	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 +0.0033% / S −0.0032%	1h	0.6028	−0.128%	$240K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.102%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6031	−0.083%	$21K	$416K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6031	−0.083%	$70K	$129K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6042	+0.094%	$35K	$342K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6044	+0.139%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6039	+0.046%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6039	+0.058%	$26K	$533K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6053	+0.278%	$65K	$512K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6041	+0.083%	$1.7M	$3.2M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH PONS	+0.0192%	1h	0.6038	+0.036%	$410K	$2.5M	3x	as long as short
Aevo PONS-PERP	+0.0240%	1h	0.6042	+0.108%	$376	—	3x	as long as short
OKX PONS-USDT-SWAPlong	+0.0355%	4h	0.6036	long leg	$13.7M	$55.3M	20x
Variational Omni PONS	+0.0427%	4h	0.6045	+0.156%	$1.5M	$3.9M	—	as long as short
Hyperliquid PONS	+0.0484%	1h	0.6040	+0.061%	$61.8M	$28.0M	3x	as long as short
Bitget PONSUSDT	+0.0528%	4h	0.6042	+0.093%	$4.6M	$11.5M	20x	as long as short
Aster PONSUSDT	+0.0529%	4h	0.6043	+0.117%	$1.1M	$2.1M	20x	as long as short
Lighter PONS	+0.0544%	1h	0.6040	+0.065%	$1.7M	$892K	3x	as long as short
Extended PONS-USD	+0.0632%	1h	0.6039	+0.044%	$108K	$808K	5x	as long as short
MEXC PONS_USDT	+0.0632%	4h	0.6039	+0.050%	$7.7M	$4.7M	20x	as long as short
Binance PONSUSDT	+0.0634%	4h	0.6040	+0.066%	$39.5M	$94.3M	20x	as long as short
edgeX PONSUSDC	+0.0637%	4h	0.6047	+0.183%	$18K	$294K	10x	as long as short
Polymarket Perps PONS-USD	+0.0693%	1h	0.6039	+0.055%	$72K	$1.6M	3x	as long as short
KuCoin PONSUSDTM	+0.0744%	4h	0.6039	+0.048%	$1.6M	$3.8M	20x	as long as short
BloFin PONS-USDT	+0.0874%	4h	0.6039	+0.050%	$1.7M	$968K	20x	as long as short
Gate PONS_USDT	+0.0908%	4h	0.6033	−0.050%	$5.3M	$6.2M	20x	as long as short
BingX PONS-USDT	+0.0944%	4h	0.6040	+0.066%	—	$3.0M	—	as long as short
Pacifica PONS	+0.1081%	1h	0.6041	+0.080%	$47K	$68K	3x	as long as short
Bybit PONSUSDTshort	+0.1082%	4h	0.6038	+0.033%	$18.1M	$30.5M	20x
Phoenix PONS	+0.1586%	1h	0.6044	+0.126%	$46K	$109K	3x	as long as short