Funding you earn now, next payment 00:00 UTC+0.0064%/8h= +7.0% APRnext payment +$0.32 per $10,000 · paid last 24h −0.021%
Price spread now: MEXC against Bitget−0.022%7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$390.394% of the position
Funding, last 7 days+0.058%+$6 on $10k
+Price spread, last 3 days (all we have)+0.025%+$2 · spread now −0.022%, 7d avg −0.026%
=The price spread sits at its 7-day average of −0.026%, 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 | Bitget PONSUSDT | 0.5929 | 0.0100 | pay 0.0050% / 4h | 1h 50m | $4.7M | $11.7M | 20x |
| Short | MEXC PONS_USDT | 0.5928 | 0.0164 | get 0.0082% / 4h | 1h 50m | $7.5M | $4.9M | 20x |
Bitget PONSUSDT
MEXC PONS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Bitget. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $13.44
- Price spread: −0.022% → −0.026%
- $0.4
- Slippage, 4 orders
- −$27.41
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$25.58
- Costs to cover
- 0.394%
- Break-even
- 20.3 days
Slippage from Bitget: live order book, 3 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 Bitget live order book, 3 min ago | 0.93 bp | 12.3 bp −$12 | 60.7 bp −$607 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 0.85 bp | 3.4 bp −$3 | 13.1 bp −$131 | 374.3 bp −$37.4K | 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 | 0.5920 | −0.153% | $217K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5920 | −0.164% | $609 | $6K | 5.5x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.5934 | +0.079% | $21K | $440K | 20x | as long as short |
| Bybit PONSUSDT | +0.0100% | 4h | 0.5927 | −0.039% | $17.7M | $31.7M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.0100% | 4h | 0.5925 | −0.073% | $13.4M | $56.1M | 20x | as long as short |
| KuCoin PONSUSDTM | +0.0100% | 4h | 0.5925 | −0.071% | $1.7M | $3.7M | 20x | as long as short |
| Bitget PONSUSDTlong | +0.0100% | 4h | 0.5929 | long leg | $4.7M | $11.7M | 20x | |
| Variational Omni PONS | +0.0100% | 4h | 0.5905 | −0.410% | $1.3M | $4.3M | — | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.5908 | −0.363% | $34K | $342K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.5931 | +0.037% | $2K | $3K | 10x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
Bybit PONSUSDT
OKX PONS-USDT-SWAP
KuCoin PONSUSDTM
Variational Omni PONS
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythosShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX PONS-USDT | +0.0100% | 4h | 0.5930 | +0.012% | — | $1.4M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.5925 | −0.066% | $27K | $544K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.5937 | +0.132% | $64K | $505K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.5923 | −0.106% | $1.6M | $3.3M | 20x | as long as short |
| Aevo PONS-PERP | +0.0120% | 1h | 0.5927 | −0.047% | $369 | — | 3x | as long as short |
| Aster PONSUSDT | +0.0135% | 4h | 0.5923 | −0.102% | $1.1M | $2.2M | 20x | as long as short |
| Extended PONS-USD | +0.0160% | 1h | 0.5925 | −0.072% | $106K | $522K | 5x | as long as short |
| Binance PONSUSDT | +0.0164% | 4h | 0.5930 | +0.012% | $38.5M | $97.8M | 20x | as long as short |
| MEXC PONS_USDTshort | +0.0164% | 4h | 0.5928 | −0.022% | $7.5M | $4.9M | 20x | |
| Nado PONS-PERP | +0.0169% | 1h | 0.5932 | +0.052% | $90K | $103K | 5x | as long as short |
| BingX PONS-USDT | +0.0174% | 4h | 0.5925 | −0.073% | — | $3.1M | — | as long as short |
| edgeX PONSUSDC | +0.0192% | 4h | 0.5904 | −0.429% | $21K | $293K | 10x | as long as short |
| Lighter RH PONS | +0.0368% | 1h | 0.5929 | +0.003% | $407K | $2.6M | 3x | as long as short |
| BloFin PONS-USDT | +0.0405% | 4h | 0.5917 | −0.207% | $1.7M | $975K | 20x | as long as short |
| Pacifica PONS | +0.0451% | 1h | 0.5935 | +0.097% | $47K | $103K | 3x | as long as short |
| Polymarket Perps PONS-USD | +0.0474% | 1h | 0.5935 | +0.089% | $37K | $1.8M | 3x | as long as short |
| Hyperliquid PONS | +0.0605% | 1h | 0.5934 | +0.079% | $59.7M | $29.9M | 3x | as long as short |
| Lighter PONS | +0.0760% | 1h | 0.5931 | +0.034% | $1.7M | $984K | 3x | as long as short |
| Gate PONS_USDT | +0.1092% | 4h | 0.5923 | −0.106% | $5.2M | $6.4M | 20x | as long as short |
| Phoenix PONS | +0.1398% | 1h | 0.5917 | −0.216% | $30K | $96K | 3x | as long as short |
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDT
Aevo PONS-PERP
Aster PONSUSDT
Extended PONS-USD
Binance PONSUSDT
Nado PONS-PERP
BingX PONS-USDT
edgeX PONSUSDC
Lighter RH PONS
BloFin PONS-USDT
Pacifica PONS
Polymarket Perps PONS-USD
Hyperliquid PONS
Lighter PONS
Gate PONS_USDT
Phoenix PONS