PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0179%/8h= −19.6% APRnext payment −$0.90 per $10,000 · paid last 24h −0.059%

Price spread now: OKX against edgeX+0.107%7-day average −0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$670.669% of the position

Long on edgeX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.206%−$21 on $10k

Price spread, last 4 days (all we have)−0.526%−$53 · spread now +0.107%, 7d avg −0.029%

Together, before fees−0.733%+ Points / potential airdropedgeX: Active · farm board−$73 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.136% dearer against edgeX than usual: you sell high and buy low (spread +0.107% now, against its 7-day average of −0.029%): +$14 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX PONSUSDC	0.6021	0.0409	pay 0.0205% / 4h	2h 27m	$21K	$291K	10x
Short	OKX PONS-USDT-SWAP	0.6027	0.0230	get 0.0115% / 4h	2h 27m	$13.8M	$54.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.107%Rate

Funding earned: −$37.68
Price spread: +0.107% → −0.029%: $13.62
Slippage, 4 orders: −$47.89
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: −$90.95
Costs to cover: 0.669%
Break-even: never at this rate

Slippage from edgeX: live order book, 40 min ago; OKX: live order book, 1 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, 40 min ago	13.02 bp	21.6 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	0.83 bp	12.9 bp −$13	30.3 bp −$303	doesn't fit	doesn't fit

PONS on 29 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	0.6019	−0.023%	$238K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.848%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6031	+0.174%	$20K	$423K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6043	+0.366%	$1.4M	$4.0M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6017	−0.052%	$33K	$353K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6031	+0.179%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6026	+0.084%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6033	+0.214%	$26K	$518K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6036	+0.254%	$64K	$509K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6036	+0.257%	$1.7M	$3.2M	20x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH PONS	+0.0176%	1h	0.6027	+0.107%	$425K	$2.5M	3x	as long as short
Aevo PONS-PERP	+0.0184%	1h	0.6024	+0.053%	$375	—	3x	as long as short
KuCoin PONSUSDTM	+0.0214%	4h	0.6028	+0.132%	$1.7M	$3.7M	20x	as long as short
OKX PONS-USDT-SWAPshort	+0.0230%	4h	0.6027	+0.107%	$13.8M	$54.9M	20x
Nado PONS-PERP	+0.0241%	1h	0.6031	+0.178%	$71K	$131K	5x	as long as short
Bybit PONSUSDT	+0.0253%	4h	0.6021	+0.008%	$18.1M	$30.5M	20x	as long as short
Lighter PONS	+0.0264%	1h	0.6028	+0.124%	$1.7M	$884K	3x	as long as short
Bitget PONSUSDT	+0.0304%	4h	0.6032	+0.197%	$4.7M	$11.3M	20x	as long as short
Aster PONSUSDT	+0.0365%	4h	0.6030	+0.158%	$1.1M	$2.0M	20x	as long as short
BingX PONS-USDT	+0.0388%	4h	0.6028	+0.124%	—	$3.0M	—	as long as short
Binance PONSUSDT	+0.0405%	4h	0.6027	+0.107%	$39.5M	$94.9M	20x	as long as short
Extended PONS-USD	+0.0408%	1h	0.6029	+0.148%	$249K	$674K	5x	as long as short
MEXC PONS_USDT	+0.0408%	4h	0.6032	+0.190%	$7.7M	$4.7M	20x	as long as short
edgeX PONSUSDClong	+0.0409%	4h	0.6021	long leg	$21K	$291K	10x
Gate PONS_USDT	+0.0486%	4h	0.6027	+0.107%	$5.3M	$6.1M	20x	as long as short
Hyperliquid PONS	+0.0682%	1h	0.6032	+0.185%	$61.3M	$28.2M	3x	as long as short
Polymarket Perps PONS-USD	+0.0737%	1h	0.6030	+0.164%	$45K	$1.5M	3x	as long as short
Pacifica PONS	+0.0869%	1h	0.6029	+0.149%	$48K	$75K	3x	as long as short
Phoenix PONS	+0.1695%	1h	0.6041	+0.335%	$31K	$107K	3x	as long as short