PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0014%/8h= −1.5% APRnext payment −$0.07 per $10,000 · paid last 24h −0.061%

Price spread now: MEXC against BingX+0.069%7-day average −0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$320.325% of the position

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.197%−$20 on $10k

Price spread, last 3 days (all we have)+0.001%$0 · spread now +0.069%, 7d avg −0.022%

Together, before fees−0.196%−$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.091% dearer against BingX than usual: you sell high and buy low (spread +0.069% now, against its 7-day average of −0.022%): +$9 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 22 days. At the pace of the last 7 days (−0.197% in total) that is about 3.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX PONS-USDT	0.5803	0.0164	pay 0.0082% / 4h	2h 44m	—	$3.1M	—
Short	MEXC PONS_USDT	0.5807	0.0150	get 0.0075% / 4h	2h 44m	$7.5M	$5.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.069%Rate

Funding earned: −$2.94
Price spread: +0.069% → −0.022%: $9.06
Slippage, 4 orders: −$22.46
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$26.34
Costs to cover: 0.325%
Break-even: never at this rate

Slippage from BingX: live order book, 5 min ago; MEXC: live order book, 3 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, 5 min ago	1.70 bp	11.7 bp −$12	36.8 bp −$368	258.2 bp −$25.8K	doesn't fit
Sell MEXC live order book, 3 min ago	1.70 bp	4.7 bp −$5	14.5 bp −$145	357.2 bp −$35.7K	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 +0.0032% / S −0.0034%	1h	0.5801	−0.043%	$213K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0066%	1h	0.5920	+2.009%	$609	$6K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5805	+0.034%	$386K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5806	+0.052%	$21K	$453K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5800	−0.052%	$17.5M	$31.8M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5800	−0.052%	$13.3M	$55.1M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5804	+0.014%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5801	−0.038%	$4.5M	$11.7M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5813	+0.173%	$1.3M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5877	+1.280%	$34K	$328K	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5806	+0.060%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5809	+0.103%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5808	+0.079%	$26K	$548K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5809	+0.112%	$63K	$504K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5815	+0.207%	$1.6M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0112%	1h	0.5800	−0.052%	$361	—	3x	as long as short
Binance PONSUSDT	+0.0135%	4h	0.5803	0.000%	$37.7M	$98.3M	20x	as long as short
Extended PONS-USD	+0.0136%	1h	0.5803	+0.008%	$104K	$532K	5x	as long as short
MEXC PONS_USDTshort	+0.0150%	4h	0.5807	+0.069%	$7.5M	$5.2M	20x
BingX PONS-USDTlong	+0.0164%	4h	0.5803	long leg	—	$3.1M	—
Aster PONSUSDT	+0.0172%	4h	0.5803	+0.002%	$1.1M	$2.2M	20x	as long as short
edgeX PONSUSDC	+0.0174%	4h	0.5857	+0.937%	$20K	$294K	10x	as long as short
Nado PONS-PERP	+0.0181%	1h	0.5802	−0.011%	$88K	$103K	5x	as long as short
Gate PONS_USDT	+0.0240%	4h	0.5810	+0.121%	$5.1M	$6.8M	20x	as long as short
Polymarket Perps PONS-USD	+0.0296%	1h	0.5807	+0.065%	$38K	$1.8M	3x	as long as short
BloFin PONS-USDT	+0.0375%	4h	0.5807	+0.069%	$1.7M	$954K	20x	as long as short
Pacifica PONS	+0.0474%	1h	0.5797	−0.111%	$46K	$102K	3x	as long as short
Hyperliquid PONS	+0.0519%	1h	0.5805	+0.043%	$57.9M	$30.0M	3x	as long as short
Lighter PONS	+0.0624%	1h	0.5810	+0.117%	$1.7M	$880K	3x	as long as short
Phoenix PONS	+0.1275%	1h	0.5873	+1.210%	$27K	$86K	3x	as long as short