PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.02 per $10,000 · paid last 24h −0.004%

Price spread now: Binance against edgeX+0.445%50s7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as 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−$650.651% of the position

Long on edgeX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.025%−$3 on $10k

Price spread, last 4 days (all we have)−0.644%−$64 · spread now +0.445%, 7d avg −0.002%

Together, before fees−0.669%+ Points / potential airdropedgeX: Active · farm board−$67 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: Binance is 0.447% dearer against edgeX than usual: you sell high and buy low, +$45 on $10k if it goes back to its 7-day average of −0.002%. The two prices were read 50 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	edgeX PONSUSDC	0.6000	0.0511	pay 0.0256% / 4h	1h 16m	$18K	$293K	10x
Short	Binance PONSUSDT	0.6027	0.0508	get 0.0254% / 4h	1h 16m	$39.5M	$94.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against edgeX. 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 edgeXbpFee BinancebpOrdersPrice spread, now +0.445%Rate

Funding earned: −$0.78
Price spread: +0.445% → −0.002%: $44.68
Slippage, 4 orders: −$46.15
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$21.25
Costs to cover: 0.651%
Break-even: never at this rate

Slippage from edgeX: live order book, 46 min ago; Binance: live order book, 11 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 edgeX live order book, 46 min ago	12.37 bp	21.2 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	1.69 bp	10.5 bp −$10	37.1 bp −$371	186.0 bp −$18.6K	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 +0.0033% / S −0.0033%	1h	0.6004	+0.070%	$238K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.514%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6024	+0.395%	$21K	$434K	20x	as long as short
Gate PONS_USDT	+0.0100%	4h	0.6012	+0.195%	$5.3M	$6.3M	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5984	−0.279%	$33K	$351K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6014	+0.220%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6020	+0.330%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6015	+0.245%	$26K	$527K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6045	+0.750%	$64K	$508K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6014	+0.228%	$1.7M	$3.2M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni PONS	+0.0189%	4h	0.5977	−0.390%	$1.4M	$3.9M	—	as long as short
Aevo PONS-PERP	+0.0208%	1h	0.6007	+0.117%	$374	—	3x	as long as short
Nado PONS-PERP	+0.0209%	1h	0.6022	+0.361%	$71K	$129K	5x	as long as short
Lighter RH PONS	+0.0264%	1h	0.6029	+0.483%	$416K	$2.5M	3x	as long as short
Lighter PONS	+0.0296%	1h	0.6025	+0.405%	$1.7M	$875K	3x	as long as short
OKX PONS-USDT-SWAP	+0.0298%	4h	0.6023	+0.378%	$13.7M	$55.0M	20x	as long as short
Bitget PONSUSDT	+0.0406%	4h	0.6030	+0.500%	$4.7M	$11.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0430%	4h	0.6019	+0.306%	$1.7M	$3.7M	20x	as long as short
Aster PONSUSDT	+0.0436%	4h	0.6026	+0.421%	$1.1M	$2.1M	20x	as long as short
BingX PONS-USDT	+0.0488%	4h	0.6030	+0.495%	—	$3.0M	—	as long as short
Bybit PONSUSDT	+0.0498%	4h	0.6023	+0.378%	$18.0M	$30.6M	20x	as long as short
Extended PONS-USD	+0.0504%	1h	0.6029	+0.485%	$249K	$671K	5x	as long as short
MEXC PONS_USDT	+0.0506%	4h	0.6030	+0.495%	$7.6M	$4.7M	20x	as long as short
Binance PONSUSDTshort	+0.0508%	4h	0.6027	+0.445%	$39.5M	$94.2M	20x
edgeX PONSUSDClong	+0.0511%	4h	0.6000	long leg	$18K	$293K	10x
Hyperliquid PONS	+0.0729%	1h	0.6030	+0.502%	$61.4M	$27.8M	3x	as long as short
BloFin PONS-USDT	+0.0748%	4h	0.6026	+0.428%	$1.7M	$967K	20x	as long as short
Pacifica PONS	+0.0755%	1h	0.6029	+0.471%	$47K	$70K	3x	as long as short
Polymarket Perps PONS-USD	+0.0833%	1h	0.6018	+0.295%	$68K	$1.6M	3x	as long as short
Phoenix PONS	+0.1639%	1h	0.5961	−0.650%	$31K	$98K	3x	as long as short