PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0035%/8h= −3.8% APRnext payment −$0.18 per $10,000 · paid last 24h −0.043%

Price spread now: Aster against MEXC−0.086%7-day average −0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$280.276% of the position

Long on MEXC Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.330%−$33 on $10k

Price spread, last 3 days (all we have)+0.016%+$2 · spread now −0.086%, 7d avg −0.051%

Together, before fees−0.314%+ Points / potential airdropAster: Stage 5 · farm board−$31 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aster is 0.035% cheaper against MEXC than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.051%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PONS_USDT	0.5914	0.0172	pay 0.0086% / 4h	1h 51m	$7.5M	$4.9M	20x
Short	Aster PONSUSDT	0.5909	0.0137	get 0.0068% / 4h	1h 51m	$1.1M	$2.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against MEXC. 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 MEXCbpFee AsterbpOrdersPrice spread, now −0.086%Rate

Funding earned: −$7.36
Price spread: −0.086% → −0.051%: −$3.52
Slippage, 4 orders: −$19.63
Fee MEXC: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$38.51
Costs to cover: 0.276%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Aster: live order book, 2 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 MEXC live order book, 2 min ago	0.85 bp	4.4 bp −$4	14.2 bp −$142	441.2 bp −$44.1K	doesn't fit
Sell Aster live order book, 2 min ago	3.98 bp	11.0 bp −$11	32.0 bp −$320	doesn't fit	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	0.5904	−0.166%	$216K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5920	+0.095%	$609	$6K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5911	−0.051%	$21K	$441K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5920	+0.101%	$17.7M	$31.7M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5924	+0.169%	$13.4M	$56.1M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5914	−0.005%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5917	+0.052%	$4.6M	$11.7M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5914	+0.008%	$1.3M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5908	−0.105%	$34K	$342K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5919	+0.090%	$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	0.5916	+0.041%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5915	+0.017%	$27K	$544K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5920	+0.105%	$64K	$505K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5912	−0.034%	$1.6M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.5911	−0.050%	$368	—	3x	as long as short
Aster PONSUSDTshort	+0.0137%	4h	0.5909	−0.086%	$1.1M	$2.2M	20x
Nado PONS-PERP	+0.0153%	1h	0.5911	−0.051%	$89K	$103K	5x	as long as short
Binance PONSUSDT	+0.0165%	4h	0.5920	+0.096%	$38.5M	$97.8M	20x	as long as short
Extended PONS-USD	+0.0168%	1h	0.5910	−0.063%	$106K	$523K	5x	as long as short
MEXC PONS_USDTlong	+0.0172%	4h	0.5914	long leg	$7.5M	$4.9M	20x
BingX PONS-USDT	+0.0174%	4h	0.5913	−0.017%	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0192%	4h	0.5904	−0.172%	$21K	$293K	10x	as long as short
Lighter RH PONS	+0.0368%	1h	0.5915	+0.017%	$412K	$2.6M	3x	as long as short
BloFin PONS-USDT	+0.0405%	4h	0.5917	+0.051%	$1.7M	$975K	20x	as long as short
Polymarket Perps PONS-USD	+0.0448%	1h	0.5911	−0.044%	$37K	$1.8M	3x	as long as short
Pacifica PONS	+0.0451%	1h	0.5909	−0.091%	$47K	$103K	3x	as long as short
Hyperliquid PONS	+0.0587%	1h	0.5919	+0.085%	$59.5M	$29.9M	3x	as long as short
Lighter PONS	+0.0784%	1h	0.5917	+0.059%	$1.7M	$982K	3x	as long as short
Gate PONS_USDT	+0.1044%	4h	0.5908	−0.101%	$5.2M	$6.4M	20x	as long as short
Phoenix PONS	+0.1398%	1h	0.5917	+0.042%	$30K	$96K	3x	as long as short