PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0169%/8h= −18.5% APRnext payment −$0.85 per $10,000 · paid last 24h +0.001%

Price spread now: MEXC against Bybit+0.125%7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$410.411% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.092%+$9 on $10k

Price spread, last 4 days (all we have)−0.081%−$8 · spread now +0.125%, 7d avg +0.024%

Together, before fees+0.011%+$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.102% dearer against Bybit than usual: you sell high and buy low (spread +0.125% now, against its 7-day average of +0.024%): +$10 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.0 days. Mind the row above: over the last 7 days funding on this pair paid +0.092%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit PONSUSDT	0.6375	0.0845	pay 0.0423% / 4h	1h 57m	$19.3M	$32.6M	20x
Short	MEXC PONS_USDT	0.6383	0.0676	get 0.0338% / 4h	1h 57m	$7.9M	$4.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bybit. 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 BybitbpFee MEXCbpOrdersPrice spread, now +0.125%Rate

Funding earned: −$35.51
Price spread: +0.125% → +0.024%: $10.16
Slippage, 4 orders: −$30.11
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 0 bp × 2 orders: $0
Net: −$66.47
Costs to cover: 0.411%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 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 Bybit live order book, 4 min ago	1.58 bp	18.0 bp −$18	38.9 bp −$389	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	0.79 bp	4.2 bp −$4	12.4 bp −$124	430.1 bp −$43.0K	doesn't fit

PONS on 30 exchanges

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 −0.0030%	1h	0.6365	−0.163%	$250K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5938	−6.847%	$610	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6376	+0.016%	$24K	$405K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6360	−0.234%	$32K	$280K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6382	+0.108%	$2K	$4K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6383	+0.124%	—	$899K	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6373	−0.036%	$27K	$636K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6375	+0.005%	$67K	$537K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6372	−0.047%	$1.7M	$3.2M	20x	as long as short
Nado PONS-PERP	+0.0181%	1h	0.6381	+0.094%	$77K	$105K	5x	as long as short

Show all 30 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo PONS-PERP	+0.0240%	1h	0.6376	+0.016%	$397	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0405%	4h	0.6374	−0.016%	$14.5M	$60.6M	20x	as long as short
KuCoin PONSUSDTM	+0.0478%	4h	0.6385	+0.155%	$1.8M	$4.3M	20x	as long as short
Aster PONSUSDT	+0.0548%	4h	0.6381	+0.099%	$1.2M	$2.2M	20x	as long as short
Lighter RH PONS	+0.0600%	1h	0.6377	+0.024%	$451K	$2.6M	3x	as long as short
Pacifica PONS	+0.0616%	1h	0.6385	+0.154%	$47K	$76K	3x	as long as short
Polymarket Perps PONS-USD	+0.0661%	1h	0.6374	−0.019%	$75K	$2.1M	3x	as long as short
Variational Omni PONS	+0.0662%	4h	0.6340	−0.549%	$1.6M	$4.3M	—	as long as short
MEXC PONS_USDTshort	+0.0676%	4h	0.6383	+0.125%	$7.9M	$4.5M	20x
Binance PONSUSDT	+0.0679%	4h	0.6383	+0.123%	$41.9M	$101.4M	20x	as long as short
edgeX PONSUSDC	+0.0679%	4h	0.6348	−0.419%	$19K	$294K	10x	as long as short
Extended PONS-USD	+0.0680%	1h	0.6382	+0.108%	$184K	$881K	5x	as long as short
Hyperliquid PONS	+0.0694%	1h	0.6375	+0.008%	$65.5M	$31.1M	3x	as long as short
Bitget PONSUSDT	+0.0762%	4h	0.6382	+0.107%	$5.2M	$13.6M	20x	as long as short
BingX PONS-USDT	+0.0794%	4h	0.6374	−0.016%	—	$3.1M	—	as long as short
Bybit PONSUSDTlong	+0.0845%	4h	0.6375	long leg	$19.3M	$32.6M	20x
Gate PONS_USDT	+0.0896%	4h	0.6370	−0.078%	$5.5M	$6.4M	20x	as long as short
BloFin PONS-USDT	+0.0916%	4h	0.6346	−0.455%	$1.9M	$1.1M	20x	as long as short
Lighter PONS	+0.1208%	1h	0.6380	+0.078%	$1.8M	$852K	3x	as long as short
Phoenix PONS	+0.1668%	1h	0.6353	−0.350%	$48K	$162K	3x	as long as short