PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0312%/8h= −34.2% APRnext payment −$1.56 per $10,000 · paid last 24h −0.029%

Price spread now: MEXC against Gate+0.099%7-day average +0.059% · 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−$56as in the Price arb table

costs, in and out, $10k−$600.604% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.079%−$8 on $10k

Price spread, last 4 days (all we have)−0.026%−$3 · spread now +0.099%, 7d avg +0.059%

Together, before fees−0.104%−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.040% dearer against Gate than usual: you sell high and buy low (spread +0.099% now, against its 7-day average of +0.059%): +$4 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 7 days (−0.079% in total) that is about 3.6 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.079% in total (about -4.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.56 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PONS_USDT	0.6051	0.0742	pay 0.0371% / 4h	2h 07m	$5.3M	$6.2M	20x
Short	MEXC PONS_USDT	0.6057	0.0430	get 0.0215% / 4h	2h 07m	$7.8M	$4.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Gate. 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 GatebpFee MEXCbpOrdersPrice spread, now +0.099%Rate

Funding earned: −$65.52
Price spread: +0.099% → +0.059%: $4.04
Slippage, 4 orders: −$45.45
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 0 bp × 2 orders: $0
Net: −$121.92
Costs to cover: 0.604%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; MEXC: 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 Gate live order book, 1 min ago	4.12 bp	21.1 bp −$21	241.1 bp −$2,411	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	0.82 bp	7.0 bp −$7	15.4 bp −$154	312.3 bp −$31.2K	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	0.6048	−0.054%	$240K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.347%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6059	+0.132%	$20K	$422K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6037	−0.224%	$1.4M	$4.0M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6024	−0.454%	$33K	$352K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6063	+0.195%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6072	+0.354%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6058	+0.124%	$26K	$521K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6075	+0.398%	$65K	$509K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6057	+0.099%	$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	+0.0168%	1h	0.6060	+0.147%	$422K	$2.5M	3x	as long as short
Aevo PONS-PERP	+0.0192%	1h	0.6063	+0.207%	$378	—	3x	as long as short
Lighter PONS	+0.0200%	1h	0.6060	+0.147%	$1.7M	$888K	3x	as long as short
OKX PONS-USDT-SWAP	+0.0255%	4h	0.6053	+0.033%	$13.9M	$54.9M	20x	as long as short
KuCoin PONSUSDTM	+0.0264%	4h	0.6057	+0.094%	$1.7M	$3.6M	20x	as long as short
Nado PONS-PERP	+0.0265%	1h	0.6063	+0.198%	$71K	$131K	5x	as long as short
Bitget PONSUSDT	+0.0356%	4h	0.6054	+0.046%	$4.7M	$11.3M	20x	as long as short
Bybit PONSUSDT	+0.0400%	4h	0.6055	+0.066%	$18.1M	$30.5M	20x	as long as short
BingX PONS-USDT	+0.0412%	4h	0.6056	+0.083%	—	$3.0M	—	as long as short
Aster PONSUSDT	+0.0419%	4h	0.6061	+0.163%	$1.1M	$2.0M	20x	as long as short
MEXC PONS_USDTshort	+0.0430%	4h	0.6057	+0.099%	$7.8M	$4.8M	20x
Extended PONS-USD	+0.0432%	1h	0.6058	+0.109%	$250K	$670K	5x	as long as short
Binance PONSUSDT	+0.0435%	4h	0.6057	+0.094%	$39.7M	$94.5M	20x	as long as short
edgeX PONSUSDC	+0.0441%	4h	0.6023	−0.471%	$21K	$292K	10x	as long as short
Hyperliquid PONS	+0.0706%	1h	0.6057	+0.104%	$61.7M	$27.8M	3x	as long as short
Gate PONS_USDTlong	+0.0742%	4h	0.6051	long leg	$5.3M	$6.2M	20x
Polymarket Perps PONS-USD	+0.0773%	1h	0.6056	+0.084%	$47K	$1.5M	3x	as long as short
Pacifica PONS	+0.0869%	1h	0.6070	+0.312%	$48K	$75K	3x	as long as short
Phoenix PONS	+0.1695%	1h	0.6022	−0.479%	$31K	$107K	3x	as long as short