PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0012%/8h= −1.3% APRnext payment −$0.06 per $10,000 · paid last 24h −0.005%

Price spread now: MEXC against edgeX−0.101%53s7-day average +0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as 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−$500.503% of the position

Long on edgeX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.027%−$3 on $10k

Price spread, last 3 days (all we have)+0.093%+$9 · spread now −0.101%, 7d avg +0.005%

Together, before fees+0.066%+ Points / potential airdropedgeX: Active · farm board+$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and MEXC is 0.107% cheaper against edgeX than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.005%). Swap the legs. The two prices were read 53 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	0.6082	0.0344	pay 0.0172% / 4h	3h 38m	$21K	$292K	10x
Short	MEXC PONS_USDT	0.6076	0.0332	get 0.0166% / 4h	3h 38m	$7.9M	$4.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.101%Rate

Funding earned: −$2.43
Price spread: −0.101% → +0.005%: −$10.67
Slippage, 4 orders: −$41.32
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee MEXC: 0 bp × 2 orders: $0
Net: −$63.42
Costs to cover: 0.503%
Break-even: never at this rate

Slippage from edgeX: live order book, 34 min ago; MEXC: live order book, 4 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, 34 min ago	11.48 bp	19.8 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.82 bp	5.2 bp −$5	13.5 bp −$135	433.1 bp −$43.3K	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	0.6073	−0.153%	$241K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.852%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.6077	−0.090%	$431K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6092	+0.162%	$20K	$416K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6080	−0.043%	$1.4M	$4.2M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6080	−0.039%	$33K	$357K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6084	+0.027%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6084	+0.024%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6077	−0.080%	$28K	$552K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6108	+0.418%	$65K	$511K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex PONSUSDT	+0.0100%	4h	0.6080	−0.036%	$1.7M	$3.3M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0124%	4h	0.6078	−0.068%	$13.8M	$57.1M	20x	as long as short
KuCoin PONSUSDTM	+0.0162%	4h	0.6073	−0.147%	$1.8M	$3.8M	20x	as long as short
Aevo PONS-PERP	+0.0168%	1h	0.6079	−0.052%	$379	—	3x	as long as short
Bitget PONSUSDT	+0.0210%	4h	0.6077	−0.078%	$4.7M	$11.5M	20x	as long as short
Aster PONSUSDT	+0.0231%	4h	0.6082	+0.004%	$1.1M	$2.2M	20x	as long as short
MEXC PONS_USDTshort	+0.0332%	4h	0.6076	−0.101%	$7.9M	$4.8M	20x
Extended PONS-USD	+0.0336%	1h	0.6076	−0.101%	$252K	$683K	5x	as long as short
Binance PONSUSDT	+0.0339%	4h	0.6076	−0.098%	$39.8M	$97.4M	20x	as long as short
edgeX PONSUSDClong	+0.0344%	4h	0.6082	long leg	$21K	$292K	10x
Lighter PONS	+0.0464%	1h	0.6076	−0.101%	$1.7M	$896K	3x	as long as short
Gate PONS_USDT	+0.0514%	4h	0.6072	−0.167%	$5.3M	$6.2M	20x	as long as short
BloFin PONS-USDT	+0.0573%	4h	0.6082	−0.003%	$1.7M	$1.0M	20x	as long as short
Nado PONS-PERP	+0.0593%	1h	0.6095	+0.211%	$105K	$116K	5x	as long as short
Bybit PONSUSDT	+0.0660%	4h	0.6074	−0.134%	$18.2M	$31.0M	20x	as long as short
Pacifica PONS	+0.0665%	1h	0.6075	−0.122%	$48K	$87K	3x	as long as short
BingX PONS-USDT	+0.0740%	4h	0.6074	−0.134%	—	$3.1M	—	as long as short
Polymarket Perps PONS-USD	+0.0781%	1h	0.6094	+0.193%	$43K	$1.6M	3x	as long as short
Hyperliquid PONS	+0.0926%	1h	0.6075	−0.115%	$61.8M	$29.2M	3x	as long as short
Phoenix PONS	+0.1608%	1h	0.6085	+0.038%	$31K	$113K	3x	as long as short