PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0126%/8h= +13.8% APRnext payment +$0.63 per $10,000 · paid last 24h +0.040%

Price spread now: MEXC against Aster+0.204%7-day average +0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs+$4as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$290.289% of the position

Long on Aster Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.330%+$33 on $10k

Price spread, last 4 days (all we have)−0.378%−$38 · spread now +0.204%, 7d avg +0.049%

Together, before fees−0.048%+ Points / potential airdropAster: Stage 5 · farm board−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and MEXC is 0.156% dearer against Aster than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster PONSUSDT	0.6070	0.0200	pay 0.0100% / 4h	3h 42m	$1.1M	$2.2M	20x
Short	MEXC PONS_USDT	0.6082	0.0326	get 0.0163% / 4h	3h 42m	$7.9M	$4.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Aster. 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 AsterbpFee MEXCbpOrdersPrice spread, now +0.204%Rate

Funding earned: $26.46
Price spread: +0.204% → +0.049%: $15.59
Slippage, 4 orders: −$20.86
Fee Aster: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: $13.19
Costs to cover: 0.289%
Break-even: 3.5 days

Slippage from Aster: live order book, 1 min ago; MEXC: 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 Aster live order book, 1 min ago	3.54 bp	10.6 bp −$11	23.7 bp −$237	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.83 bp	4.2 bp −$4	12.6 bp −$126	396.7 bp −$39.7K	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 −0.0033%	1h	0.6066	−0.062%	$240K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.649%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.6078	+0.140%	$431K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6074	+0.073%	$20K	$415K	20x	as long as short
Gate PONS_USDT	+0.0100%	4h	0.6072	+0.040%	$5.3M	$6.1M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6070	0.000%	$1.4M	$4.2M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6068	−0.021%	$33K	$357K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6082	+0.211%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6077	+0.114%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6082	+0.213%	$28K	$553K	3x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PONS-USDT	+0.0100%	4h	0.6094	+0.401%	$65K	$510K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6086	+0.270%	$1.7M	$3.3M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0103%	4h	0.6076	+0.106%	$13.8M	$57.4M	20x	as long as short
Aevo PONS-PERP	+0.0160%	1h	0.6078	+0.131%	$379	—	3x	as long as short
KuCoin PONSUSDTM	+0.0168%	4h	0.6075	+0.086%	$1.8M	$3.8M	20x	as long as short
Aster PONSUSDTlong	+0.0200%	4h	0.6070	long leg	$1.1M	$2.2M	20x
Bitget PONSUSDT	+0.0202%	4h	0.6080	+0.176%	$4.7M	$11.6M	20x	as long as short
MEXC PONS_USDTshort	+0.0326%	4h	0.6082	+0.204%	$7.9M	$4.8M	20x
Binance PONSUSDT	+0.0328%	4h	0.6080	+0.172%	$39.8M	$97.6M	20x	as long as short
Extended PONS-USD	+0.0328%	1h	0.6079	+0.151%	$250K	$683K	5x	as long as short
edgeX PONSUSDC	+0.0333%	4h	0.6067	−0.037%	$21K	$294K	10x	as long as short
Lighter PONS	+0.0472%	1h	0.6079	+0.153%	$1.7M	$896K	3x	as long as short
BingX PONS-USDT	+0.0562%	4h	0.6079	+0.155%	—	$3.1M	—	as long as short
Nado PONS-PERP	+0.0563%	1h	0.6072	+0.033%	$105K	$116K	5x	as long as short
BloFin PONS-USDT	+0.0568%	4h	0.6081	+0.188%	$1.7M	$1.0M	20x	as long as short
Pacifica PONS	+0.0665%	1h	0.6071	+0.019%	$48K	$87K	3x	as long as short
Polymarket Perps PONS-USD	+0.0799%	1h	0.6074	+0.078%	$42K	$1.6M	3x	as long as short
Bybit PONSUSDT	+0.0803%	4h	0.6076	+0.106%	$18.2M	$31.2M	20x	as long as short
Hyperliquid PONS	+0.0947%	1h	0.6080	+0.178%	$61.8M	$29.8M	3x	as long as short
Phoenix PONS	+0.1608%	1h	0.6060	−0.165%	$31K	$113K	3x	as long as short