Funding you earn now, next payment 00:00 UTC+0.0087%/8h= +9.5% APRnext payment +$0.44 per $10,000 · paid last 24h +0.098%
Price spread now: Binance against Phemex−0.017%7-day average +0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$107as in the Price arb table
costs, in and out, $10k−$1051.050% of the position
Funding, last 7 days+0.434%+$43 on $10k
+Price spread, last 3 days (all we have)−0.066%−$7 · spread now −0.017%, 7d avg +0.001%
=The price spread sits at its 7-day average of +0.001%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex PONSUSDT | 0.5991 | 0.0100 | pay 0.0050% / 4h | 1h 17m | $1.7M | $3.3M | 20x |
| Short | Binance PONSUSDT | 0.5990 | 0.0187 | get 0.0094% / 4h | 1h 17m | $39.0M | $97.7M | 20x |
Phemex PONSUSDT
Binance PONSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Phemex. 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
- $18.31
- Price spread: −0.017% → +0.001%
- −$1.72
- Slippage, 4 orders
- −$83.04
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$88.44
- Costs to cover
- 1.050%
- Break-even
- 40.8 days
Slippage from Phemex: live order book, 6 min ago; Binance: live order book, 10 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 Phemex live order book, 6 min ago | 3.34 bp | 40.5 bp −$41 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 0.84 bp | 13.8 bp −$14 | 52.1 bp −$521 | 284.9 bp −$28.5K | 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 −0.0034% | 1h | 0.5984 | −0.118% | $219K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | −0.359% | $614 | $10K | 5.5x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.5989 | −0.033% | $20K | $438K | 20x | as long as short |
| Bybit PONSUSDT | +0.0100% | 4h | 0.5986 | −0.083% | $17.9M | $31.5M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.0100% | 4h | 0.5986 | −0.083% | $13.6M | $56.2M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0100% | 4h | 0.5990 | −0.012% | $1.8M | $3.7M | 20x | as long as short |
| Bitget PONSUSDT | +0.0100% | 4h | 0.5994 | +0.055% | $4.7M | $11.6M | 20x | as long as short |
| Variational Omni PONS | +0.0100% | 4h | 0.5988 | −0.054% | $1.4M | $4.3M | — | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.5993 | +0.028% | $35K | $351K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6000 | +0.147% | $3K | $3K | 10x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
Bybit PONSUSDT
OKX PONS-USDT-SWAP
KuCoin PONSUSDTM
Bitget PONSUSDT
Variational Omni PONS
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythosShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX PONS-USDT | +0.0100% | 4h | 0.6000 | +0.155% | — | $1.4M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.5993 | +0.027% | $27K | $545K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6000 | +0.157% | $64K | $506K | 20x | as long as short |
| Phemex PONSUSDTlong | +0.0100% | 4h | 0.5991 | long leg | $1.7M | $3.3M | 20x | |
| Aevo PONS-PERP | +0.0128% | 1h | 0.5992 | +0.023% | $373 | — | 3x | as long as short |
| Aster PONSUSDT | +0.0137% | 4h | 0.5988 | −0.047% | $1.1M | $2.2M | 20x | as long as short |
| Extended PONS-USD | +0.0184% | 1h | 0.5993 | +0.031% | $248K | $667K | 5x | as long as short |
| MEXC PONS_USDT | +0.0184% | 4h | 0.5990 | −0.017% | $7.8M | $4.9M | 20x | as long as short |
| Binance PONSUSDTshort | +0.0187% | 4h | 0.5990 | −0.017% | $39.0M | $97.7M | 20x | |
| BingX PONS-USDT | +0.0192% | 4h | 0.5988 | −0.050% | — | $3.1M | — | as long as short |
| edgeX PONSUSDC | +0.0192% | 4h | 0.5985 | −0.104% | $21K | $293K | 10x | as long as short |
| Nado PONS-PERP | +0.0225% | 1h | 0.5993 | +0.032% | $91K | $103K | 5x | as long as short |
| Lighter RH PONS | +0.0336% | 1h | 0.5991 | +0.007% | $423K | $2.7M | 3x | as long as short |
| BloFin PONS-USDT | +0.0426% | 4h | 0.5986 | −0.083% | $1.7M | $981K | 20x | as long as short |
| Pacifica PONS | +0.0451% | 1h | 0.5991 | −0.001% | $47K | $96K | 3x | as long as short |
| Polymarket Perps PONS-USD | +0.0491% | 1h | 0.5993 | +0.033% | $37K | $1.7M | 3x | as long as short |
| Lighter PONS | +0.0688% | 1h | 0.5992 | +0.025% | $1.7M | $999K | 3x | as long as short |
| Hyperliquid PONS | +0.0690% | 1h | 0.5997 | +0.107% | $60.6M | $30.1M | 3x | as long as short |
| Gate PONS_USDT | +0.1394% | 4h | 0.5986 | −0.083% | $5.2M | $6.5M | 20x | as long as short |
| Phoenix PONS | +0.1398% | 1h | 0.5991 | +0.002% | $30K | $96K | 3x | as long as short |
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Aevo PONS-PERP
Aster PONSUSDT
Extended PONS-USD
MEXC PONS_USDT
BingX PONS-USDT
edgeX PONSUSDC
Nado PONS-PERP
Lighter RH PONS
BloFin PONS-USDT
Pacifica PONS
Polymarket Perps PONS-USD
Lighter PONS
Hyperliquid PONS
Gate PONS_USDT
Phoenix PONS