PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.02 per $10,000 · paid last 24h +0.004%

Price spread now: edgeX against Binance−0.723%70s7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$63as 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−$650.651% of the position

Long on Binance Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$3 on $10k

Price spread, last 4 days (all we have)+0.922%+$92 · spread now −0.723%, 7d avg +0.002%

Together, before fees+0.947%+ Points / potential airdropedgeX: Active · farm board+$95 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.725% cheaper against Binance than usual: you would sell low and buy high, −$72 on $10k if it goes back to its 7-day average of +0.002%. The two prices were read 70 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PONSUSDT	0.6044	0.0508	pay 0.0254% / 4h	1h 16m	$39.6M	$94.4M	20x
Short	edgeX PONSUSDC	0.6000	0.0511	get 0.0256% / 4h	1h 16m	$18K	$293K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.723%Rate

Funding earned: $0.78
Price spread: −0.723% → +0.002%: −$72.48
Slippage, 4 orders: −$46.15
Fee Binance: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$136.85
Costs to cover: 0.651%
Break-even: 1239.9 days

Slippage from Binance: live order book, 11 min ago; edgeX: live order book, 47 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, 11 min ago	1.69 bp	12.7 bp −$13	44.2 bp −$442	doesn't fit	doesn't fit
Sell edgeX live order book, 47 min ago	12.37 bp	20.8 bp −$21	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
gTrade (Gains Network) PONS/USD	L +0.0033% / S −0.0033%	1h	0.6031	−0.208%	$239K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.233%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6027	−0.281%	$21K	$434K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5984	−0.999%	$33K	$351K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6049	+0.079%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6020	−0.395%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6015	−0.480%	$26K	$527K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6045	+0.022%	$64K	$508K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6014	−0.496%	$1.7M	$3.2M	20x	as long as short
Gate PONS_USDT	+0.0118%	4h	0.6032	−0.199%	$5.3M	$6.3M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni PONS	+0.0189%	4h	0.5977	−1.110%	$1.4M	$3.9M	—	as long as short
Nado PONS-PERP	+0.0204%	1h	0.6035	−0.147%	$71K	$129K	5x	as long as short
Aevo PONS-PERP	+0.0208%	1h	0.6046	+0.035%	$377	—	3x	as long as short
Lighter RH PONS	+0.0264%	1h	0.6029	−0.243%	$416K	$2.5M	3x	as long as short
Lighter PONS	+0.0296%	1h	0.6025	−0.321%	$1.7M	$875K	3x	as long as short
OKX PONS-USDT-SWAP	+0.0301%	4h	0.6043	−0.017%	$13.7M	$55.2M	20x	as long as short
Bitget PONSUSDT	+0.0408%	4h	0.6045	+0.017%	$4.7M	$11.4M	20x	as long as short
KuCoin PONSUSDTM	+0.0436%	4h	0.6047	+0.048%	$1.7M	$3.7M	20x	as long as short
Aster PONSUSDT	+0.0436%	4h	0.6027	−0.278%	$1.1M	$2.1M	20x	as long as short
BingX PONS-USDT	+0.0488%	4h	0.6043	−0.017%	—	$3.0M	—	as long as short
Bybit PONSUSDT	+0.0498%	4h	0.6054	+0.165%	$18.1M	$30.6M	20x	as long as short
Extended PONS-USD	+0.0504%	1h	0.6026	−0.291%	$249K	$671K	5x	as long as short
MEXC PONS_USDT	+0.0506%	4h	0.6039	−0.083%	$7.7M	$4.7M	20x	as long as short
Binance PONSUSDTlong	+0.0508%	4h	0.6044	long leg	$39.6M	$94.4M	20x
edgeX PONSUSDCshort	+0.0511%	4h	0.6000	−0.723%	$18K	$293K	10x
Hyperliquid PONS	+0.0728%	1h	0.6045	+0.018%	$61.6M	$27.8M	3x	as long as short
BloFin PONS-USDT	+0.0748%	4h	0.6026	−0.298%	$1.7M	$967K	20x	as long as short
Pacifica PONS	+0.0755%	1h	0.6029	−0.255%	$47K	$70K	3x	as long as short
Polymarket Perps PONS-USD	+0.0832%	1h	0.6024	−0.331%	$69K	$1.6M	3x	as long as short
Phoenix PONS	+0.1639%	1h	0.5961	−1.368%	$31K	$98K	3x	as long as short