PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0002%/8h= −0.2% APRnext payment −$0.01 per $10,000 · paid last 24h +0.056%

Price spread now: BingX against edgeX−0.608%70s7-day average +0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as 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−$610.605% of the position

Long on edgeX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.170%+$17 on $10k

Price spread, last 3 days (all we have)+0.262%+$26 · spread now −0.608%, 7d avg +0.018%

Together, before fees+0.432%+ Points / potential airdropedgeX: Active · farm board+$43 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: BingX is 0.626% cheaper against edgeX than usual: you would sell low and buy high, −$63 on $10k if it goes back to its 7-day average of +0.018%. The two prices were read 70 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	0.5932	0.0192	pay 0.0096% / 4h	2h 54m	$21K	$292K	10x
Short	BingX PONS-USDT	0.5896	0.0190	get 0.0095% / 4h	2h 54m	—	$3.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.608%Rate

Funding earned: −$0.45
Price spread: −0.608% → +0.018%: −$62.59
Slippage, 4 orders: −$41.5
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee BingX: 5 bp × 2 orders: −$10
Net: −$123.54
Costs to cover: 0.605%
Break-even: never at this rate

Slippage from edgeX: live order book, 33 min ago; BingX: 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, 33 min ago	11.84 bp	20.6 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 11 min ago	0.84 bp	10.3 bp −$10	18.0 bp −$180	119.2 bp −$11.9K	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	0.5892	−0.667%	$216K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0066%	1h	0.5920	−0.210%	$609	$6K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5901	−0.523%	$21K	$459K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5891	−0.692%	$17.8M	$31.5M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5894	−0.641%	$13.5M	$55.8M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5896	−0.614%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5897	−0.597%	$4.6M	$11.6M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5929	−0.043%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5922	−0.166%	$34K	$326K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5901	−0.522%	$2K	$3K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX PONS-USDT	+0.0100%	4h	0.5910	−0.378%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5895	−0.633%	$27K	$534K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5908	−0.400%	$64K	$503K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5897	−0.591%	$1.6M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.5901	−0.526%	$368	—	3x	as long as short
Lighter RH PONS	+0.0136%	1h	0.5916	−0.270%	$398K	$2.6M	3x	as long as short
MEXC PONS_USDT	+0.0174%	4h	0.5898	−0.574%	$7.7M	$5.1M	20x	as long as short
Binance PONSUSDT	+0.0176%	4h	0.5898	−0.571%	$38.5M	$98.1M	20x	as long as short
Extended PONS-USD	+0.0176%	1h	0.5896	−0.614%	$105K	$529K	5x	as long as short
BingX PONS-USDTshort	+0.0190%	4h	0.5896	−0.608%	—	$3.1M	—
edgeX PONSUSDClong	+0.0192%	4h	0.5932	long leg	$21K	$292K	10x
Aster PONSUSDT	+0.0239%	4h	0.5903	−0.493%	$1.1M	$2.2M	20x	as long as short
Polymarket Perps PONS-USD	+0.0313%	1h	0.5899	−0.554%	$38K	$1.8M	3x	as long as short
Gate PONS_USDT	+0.0358%	4h	0.5895	−0.624%	$5.1M	$6.7M	20x	as long as short
Nado PONS-PERP	+0.0408%	1h	0.5903	−0.488%	$89K	$103K	5x	as long as short
BloFin PONS-USDT	+0.0416%	4h	0.5923	−0.152%	$1.7M	$984K	20x	as long as short
Pacifica PONS	+0.0474%	1h	0.5907	−0.423%	$47K	$102K	3x	as long as short
Hyperliquid PONS	+0.0703%	1h	0.5901	−0.529%	$59.0M	$29.5M	3x	as long as short
Lighter PONS	+0.1088%	1h	0.5916	−0.270%	$1.7M	$879K	3x	as long as short
Phoenix PONS	+0.1232%	1h	0.5931	−0.011%	$27K	$86K	3x	as long as short