PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0002%/8h= +0.2% APRnext payment +$0.01 per $10,000 · paid last 24h −0.056%

Price spread now: edgeX against BingX+0.611%70s7-day average −0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$78as 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−$610.605% of the position

Long on BingX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.170%−$17 on $10k

Price spread, last 3 days (all we have)−0.265%−$27 · spread now +0.611%, 7d avg −0.018%

Together, before fees−0.436%+ Points / potential airdropedgeX: Active · farm board−$44 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 0.630% dearer against BingX than usual: you sell high and buy low, +$63 on $10k if it goes back to its 7-day average of −0.018%. 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	BingX PONS-USDT	0.5896	0.0190	pay 0.0095% / 4h	2h 54m	—	$3.1M	—
Short	edgeX PONSUSDC	0.5932	0.0192	get 0.0096% / 4h	2h 54m	$21K	$292K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against BingX. 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 BingXbpFee edgeXbpOrdersPrice spread, now +0.611%Rate

Funding earned: $0.45
Price spread: +0.611% → −0.018%: $62.96
Slippage, 4 orders: −$41.5
Fee BingX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $2.9
Costs to cover: 0.605%
Break-even: from the start

Slippage from BingX: live order book, 11 min ago; edgeX: live order book, 33 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 BingX live order book, 11 min ago	0.84 bp	8.9 bp −$9	29.9 bp −$299	416.4 bp −$41.6K	doesn't fit
Sell edgeX live order book, 33 min ago	11.84 bp	20.7 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 +0.0032% / S −0.0034%	1h	0.5892	−0.060%	$216K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0066%	1h	0.5920	+0.400%	$609	$6K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5901	+0.085%	$21K	$459K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5891	−0.085%	$17.8M	$31.5M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5894	−0.034%	$13.5M	$55.8M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5896	−0.007%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5897	+0.010%	$4.6M	$11.6M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5929	+0.568%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5922	+0.444%	$34K	$326K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5901	+0.086%	$2K	$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	0.5910	+0.231%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5895	−0.025%	$27K	$534K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5908	+0.209%	$64K	$503K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5897	+0.017%	$1.6M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.5901	+0.082%	$368	—	3x	as long as short
Lighter RH PONS	+0.0136%	1h	0.5916	+0.339%	$398K	$2.6M	3x	as long as short
MEXC PONS_USDT	+0.0174%	4h	0.5898	+0.034%	$7.7M	$5.1M	20x	as long as short
Binance PONSUSDT	+0.0176%	4h	0.5898	+0.037%	$38.5M	$98.1M	20x	as long as short
Extended PONS-USD	+0.0176%	1h	0.5896	−0.007%	$105K	$529K	5x	as long as short
BingX PONS-USDTlong	+0.0190%	4h	0.5896	long leg	—	$3.1M	—
edgeX PONSUSDCshort	+0.0192%	4h	0.5932	+0.611%	$21K	$292K	10x
Aster PONSUSDT	+0.0239%	4h	0.5903	+0.115%	$1.1M	$2.2M	20x	as long as short
Polymarket Perps PONS-USD	+0.0313%	1h	0.5899	+0.054%	$38K	$1.8M	3x	as long as short
Gate PONS_USDT	+0.0358%	4h	0.5895	−0.017%	$5.1M	$6.7M	20x	as long as short
Nado PONS-PERP	+0.0408%	1h	0.5903	+0.120%	$89K	$103K	5x	as long as short
BloFin PONS-USDT	+0.0416%	4h	0.5923	+0.458%	$1.7M	$984K	20x	as long as short
Pacifica PONS	+0.0474%	1h	0.5907	+0.186%	$47K	$102K	3x	as long as short
Hyperliquid PONS	+0.0703%	1h	0.5901	+0.079%	$59.0M	$29.5M	3x	as long as short
Lighter PONS	+0.1088%	1h	0.5916	+0.339%	$1.7M	$879K	3x	as long as short
Phoenix PONS	+0.1232%	1h	0.5931	+0.600%	$27K	$86K	3x	as long as short