PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0070%/8h= −7.7% APRnext payment −$0.35 per $10,000 · paid last 24h −0.103%

Price spread now: OKX against BingX−0.052%7-day average −0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$480.477% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.373%−$37 on $10k

Price spread, last 3 days (all we have)+0.077%+$8 · spread now −0.052%, 7d avg −0.053%

Together, before fees−0.296%−$30 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.053%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX PONS-USDT	0.5804	0.0170	pay 0.0085% / 4h	2h 45m	—	$3.1M	—
Short	OKX PONS-USDT-SWAP	0.5801	0.0100	get 0.0050% / 4h	2h 45m	$13.3M	$55.1M	20x

Funding history

latest

Range statsloading…

OKX against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee BingXbpFee OKXbpOrdersPrice spread, now −0.052%Rate

Slippage from BingX: live order book, 4 min ago; OKX: live order book, 3 min ago.

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, 4 min ago	1.70 bp	11.7 bp −$12	36.8 bp −$368	258.2 bp −$25.8K	doesn't fit
Sell OKX live order book, 3 min ago	0.85 bp	13.1 bp −$13	27.4 bp −$274	doesn't fit	doesn't fit

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	0.5813	+0.149%	$213K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0066%	1h	0.5920	+1.992%	$609	$6K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5810	+0.102%	$391K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5818	+0.241%	$20K	$454K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5798	−0.103%	$17.5M	$31.8M	20x	as long as short
OKX PONS-USDT-SWAPshort	+0.0100%	4h	0.5801	−0.052%	$13.3M	$55.1M	20x
KuCoin PONSUSDTM	+0.0100%	4h	0.5790	−0.238%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5806	+0.036%	$4.5M	$11.6M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5902	+1.680%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5913	+1.881%	$34K	$327K	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	0.5829	+0.436%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5815	+0.195%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5813	+0.162%	$26K	$546K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5829	+0.426%	$63K	$504K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5819	+0.258%	$1.6M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0120%	1h	0.5826	+0.384%	$363	—	3x	as long as short
Binance PONSUSDT	+0.0135%	4h	0.5798	−0.103%	$37.7M	$98.2M	20x	as long as short
MEXC PONS_USDT	+0.0150%	4h	0.5805	+0.017%	$7.5M	$5.2M	20x	as long as short
Extended PONS-USD	+0.0152%	1h	0.5801	−0.049%	$104K	$532K	5x	as long as short
edgeX PONSUSDC	+0.0167%	4h	0.5883	+1.368%	$21K	$294K	10x	as long as short
BingX PONS-USDTlong	+0.0170%	4h	0.5804	long leg	—	$3.1M	—
Aster PONSUSDT	+0.0172%	4h	0.5800	−0.075%	$1.1M	$2.2M	20x	as long as short
Nado PONS-PERP	+0.0200%	1h	0.5816	+0.209%	$88K	$103K	5x	as long as short
Polymarket Perps PONS-USD	+0.0286%	1h	0.5814	+0.164%	$38K	$1.8M	3x	as long as short
Gate PONS_USDT	+0.0318%	4h	0.5818	+0.241%	$5.1M	$6.8M	20x	as long as short
BloFin PONS-USDT	+0.0396%	4h	0.5878	+1.275%	$1.7M	$962K	20x	as long as short
Pacifica PONS	+0.0474%	1h	0.5797	−0.128%	$46K	$102K	3x	as long as short
Hyperliquid PONS	+0.0539%	1h	0.5805	+0.024%	$58.0M	$29.9M	3x	as long as short
Lighter PONS	+0.0672%	1h	0.5808	+0.067%	$1.7M	$880K	3x	as long as short
Phoenix PONS	+0.1275%	1h	0.5909	+1.818%	$27K	$86K	3x	as long as short