PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0225%/8h= +24.6% APRnext payment +$1.13 per $10,000 · paid last 24h +0.032%

Price spread now: BingX against Binance−0.034%7-day average +0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$520.516% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.192%+$19 on $10k

Price spread, last 4 days (all we have)−0.046%−$5 · spread now −0.034%, 7d avg +0.022%

Together, before fees+0.146%+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.056% cheaper against Binance than usual: you would sell low and buy high (spread −0.034% now, against its 7-day average of +0.022%). If the spread goes back, that is −$6 on $10k: about 20 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.192% in total) that is about 2.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PONSUSDT	0.5946	0.0611	pay 0.0305% / 4h	3h 13m	$38.9M	$94.1M	20x
Short	BingX PONS-USDT	0.5944	0.0836	get 0.0418% / 4h	3h 13m	—	$3.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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 BinancebpFee BingXbpOrdersPrice spread, now −0.034%Rate

Funding earned: $47.26
Price spread: −0.034% → +0.022%: −$5.61
Slippage, 4 orders: −$31.56
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$9.91
Costs to cover: 0.516%
Break-even: 8.5 days

Slippage from Binance: live order book, 15 min ago; BingX: live order book, 6 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 Binance live order book, 15 min ago	0.83 bp	14.2 bp −$14	40.5 bp −$405	doesn't fit	doesn't fit
Sell BingX live order book, 6 min ago	2.51 bp	12.3 bp −$12	32.5 bp −$325	145.3 bp −$14.5K	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 −0.0032%	1h	0.5940	−0.094%	$236K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+0.395%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5941	−0.086%	$419K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5950	+0.067%	$21K	$417K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5948	+0.038%	$70K	$130K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5956	+0.160%	$34K	$339K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5949	+0.059%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5949	+0.050%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5945	−0.017%	$26K	$537K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5966	+0.335%	$65K	$513K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex PONSUSDT	+0.0100%	4h	0.5946	0.000%	$1.6M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0232%	1h	0.5944	−0.026%	$370	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0362%	4h	0.5939	−0.118%	$13.5M	$54.3M	20x	as long as short
Variational Omni PONS	+0.0455%	4h	0.5941	−0.076%	$1.4M	$4.0M	—	as long as short
Lighter PONS	+0.0472%	1h	0.5943	−0.050%	$1.6M	$894K	3x	as long as short
Hyperliquid PONS	+0.0480%	1h	0.5942	−0.061%	$60.7M	$28.1M	3x	as long as short
Aster PONSUSDT	+0.0512%	4h	0.5944	−0.041%	$1.1M	$2.2M	20x	as long as short
Bitget PONSUSDT	+0.0538%	4h	0.5946	0.000%	$4.6M	$11.6M	20x	as long as short
Gate PONS_USDT	+0.0576%	4h	0.5941	−0.084%	$5.2M	$6.2M	20x	as long as short
Extended PONS-USD	+0.0608%	1h	0.5948	+0.037%	$106K	$807K	5x	as long as short
MEXC PONS_USDT	+0.0608%	4h	0.5944	−0.034%	$7.5M	$4.7M	20x	as long as short
Binance PONSUSDTlong	+0.0611%	4h	0.5946	long leg	$38.9M	$94.1M	20x
edgeX PONSUSDC	+0.0635%	4h	0.5932	−0.228%	$18K	$294K	10x	as long as short
Polymarket Perps PONS-USD	+0.0733%	1h	0.5949	+0.055%	$81K	$1.7M	3x	as long as short
KuCoin PONSUSDTM	+0.0734%	4h	0.5943	−0.047%	$1.6M	$3.8M	20x	as long as short
Bybit PONSUSDT	+0.0756%	4h	0.5941	−0.084%	$17.7M	$30.5M	20x	as long as short
BingX PONS-USDTshort	+0.0836%	4h	0.5944	−0.034%	—	$3.0M	—
BloFin PONS-USDT	+0.0851%	4h	0.5949	+0.050%	$1.8M	$946K	20x	as long as short
Pacifica PONS	+0.1081%	1h	0.5946	+0.008%	$46K	$68K	3x	as long as short
Phoenix PONS	+0.1586%	1h	0.5990	+0.740%	$45K	$109K	3x	as long as short