PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0002%/8h= −0.3% APRnext payment −$0.01 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Binance+0.033%7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$370.368% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 3 days (all we have)−0.051%−$5 · spread now +0.033%, 7d avg −0.001%

Together, before fees−0.051%−$5 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: MEXC is 0.033% dearer against Binance than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PONSUSDT	0.6087	0.0250	pay 0.0125% / 4h	56m 27s	$39.6M	$98.7M	20x
Short	MEXC PONS_USDT	0.6089	0.0248	get 0.0124% / 4h	56m 27s	$8.1M	$4.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.033%Rate

Funding earned: −$0.49
Price spread: +0.033% → −0.001%: $3.34
Slippage, 4 orders: −$26.78
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$33.93
Costs to cover: 0.368%
Break-even: never at this rate

Slippage from Binance: live order book, 1 min ago; MEXC: 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, 1 min ago	0.82 bp	13.1 bp −$13	54.0 bp −$540	doesn't fit	doesn't fit
Sell MEXC live order book, 6 min ago	2.46 bp	6.0 bp −$6	14.6 bp −$146	417.8 bp −$41.8K	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
Injective PONS/USDC PERP	−0.0047%	1h	0.5969	−1.930%	$614	$10K	5.5x	as long as short
gTrade (Gains Network) PONS/USD	L +0.0033% / S −0.0036%	1h	0.6079	−0.132%	$229K	—	150x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6090	+0.049%	$21K	$450K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6089	+0.037%	$86K	$107K	5x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.6083	−0.066%	$18.3M	$31.7M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.6084	−0.049%	$13.8M	$57.8M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.6090	+0.046%	$1.8M	$3.7M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6093	+0.101%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6095	+0.125%	$33K	$359K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6092	+0.085%	$3K	$3K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX PONS-USDT	+0.0100%	4h	0.6094	+0.112%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6095	+0.123%	$28K	$548K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6100	+0.222%	$65K	$509K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6085	−0.033%	$1.7M	$3.3M	20x	as long as short
Bitget PONSUSDT	+0.0106%	4h	0.6091	+0.061%	$4.8M	$11.7M	20x	as long as short
Aevo PONS-PERP	+0.0144%	1h	0.6089	+0.038%	$379	—	3x	as long as short
Lighter RH PONS	+0.0160%	1h	0.6087	0.000%	$429K	$2.6M	3x	as long as short
Aster PONSUSDT	+0.0176%	4h	0.6086	−0.024%	$1.1M	$2.2M	20x	as long as short
Lighter PONS	+0.0240%	1h	0.6087	0.000%	$1.7M	$921K	3x	as long as short
Extended PONS-USD	+0.0248%	1h	0.6088	+0.017%	$251K	$680K	5x	as long as short
MEXC PONS_USDTshort	+0.0248%	4h	0.6089	+0.033%	$8.1M	$4.8M	20x
Binance PONSUSDTlong	+0.0250%	4h	0.6087	long leg	$39.6M	$98.7M	20x
BingX PONS-USDT	+0.0252%	4h	0.6084	−0.049%	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0258%	4h	0.6096	+0.147%	$21K	$292K	10x	as long as short
BloFin PONS-USDT	+0.0489%	4h	0.6098	+0.181%	$1.7M	$1.0M	20x	as long as short
Polymarket Perps PONS-USD	+0.0704%	1h	0.6091	+0.062%	$40K	$1.7M	3x	as long as short
Hyperliquid PONS	+0.0898%	1h	0.6093	+0.092%	$61.8M	$30.6M	3x	as long as short
Pacifica PONS	+0.0899%	1h	0.6085	−0.028%	$48K	$96K	3x	as long as short
Phoenix PONS	+0.1398%	1h	0.6092	+0.084%	$31K	$102K	3x	as long as short
Gate PONS_USDT	+0.1786%	4h	0.6087	0.000%	$5.3M	$6.2M	20x	as long as short