PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0001%/8h= +0.1% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against MEXC+0.040%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$310.309% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.040%−$4 · spread now +0.040%, 7d avg +0.002%

Together, before fees−0.039%−$4 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: Binance is 0.039% dearer against MEXC than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PONS_USDT	0.6052	0.0444	pay 0.0222% / 4h	2h 04m	$7.8M	$4.8M	20x
Short	Binance PONSUSDT	0.6054	0.0445	get 0.0222% / 4h	2h 04m	$39.6M	$94.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.040%Rate

Funding earned: $0.21
Price spread: +0.040% → +0.002%: $3.86
Slippage, 4 orders: −$20.89
Fee MEXC: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$26.83
Costs to cover: 0.309%
Break-even: 919.5 days

Slippage from MEXC: live order book, 3 min ago; Binance: live order book, 8 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, 3 min ago	0.82 bp	5.7 bp −$6	15.1 bp −$151	337.1 bp −$33.7K	doesn't fit
Sell Binance live order book, 8 min ago	0.83 bp	12.4 bp −$12	45.6 bp −$456	265.6 bp −$26.6K	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	0.6040	−0.205%	$239K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.363%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6048	−0.066%	$20K	$423K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6054	+0.040%	$1.4M	$3.9M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6060	+0.140%	$33K	$352K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6058	+0.091%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6051	−0.023%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6049	−0.041%	$26K	$520K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6061	+0.155%	$64K	$509K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6050	−0.033%	$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	+0.0144%	1h	0.6049	−0.051%	$424K	$2.5M	3x	as long as short
Aevo PONS-PERP	+0.0192%	1h	0.6051	−0.008%	$377	—	3x	as long as short
Lighter PONS	+0.0200%	1h	0.6049	−0.050%	$1.7M	$889K	3x	as long as short
OKX PONS-USDT-SWAP	+0.0254%	4h	0.6053	+0.017%	$13.9M	$54.9M	20x	as long as short
Nado PONS-PERP	+0.0269%	1h	0.6048	−0.066%	$71K	$131K	5x	as long as short
KuCoin PONSUSDTM	+0.0278%	4h	0.6051	−0.023%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0356%	4h	0.6055	+0.053%	$4.7M	$11.3M	20x	as long as short
BingX PONS-USDT	+0.0410%	4h	0.6057	+0.083%	—	$3.0M	—	as long as short
Bybit PONSUSDT	+0.0433%	4h	0.6051	−0.017%	$18.1M	$30.4M	20x	as long as short
edgeX PONSUSDC	+0.0440%	4h	0.6058	+0.097%	$21K	$292K	10x	as long as short
Aster PONSUSDT	+0.0440%	4h	0.6050	−0.038%	$1.1M	$2.0M	20x	as long as short
MEXC PONS_USDTlong	+0.0444%	4h	0.6052	long leg	$7.8M	$4.8M	20x
Binance PONSUSDTshort	+0.0445%	4h	0.6054	+0.040%	$39.6M	$94.3M	20x
Extended PONS-USD	+0.0448%	1h	0.6051	−0.020%	$250K	$670K	5x	as long as short
Hyperliquid PONS	+0.0711%	1h	0.6057	+0.078%	$61.7M	$27.8M	3x	as long as short
Gate PONS_USDT	+0.0772%	4h	0.6046	−0.099%	$5.3M	$6.2M	20x	as long as short
Polymarket Perps PONS-USD	+0.0774%	1h	0.6050	−0.033%	$47K	$1.5M	3x	as long as short
Pacifica PONS	+0.0869%	1h	0.6048	−0.071%	$48K	$75K	3x	as long as short
Phoenix PONS	+0.1695%	1h	0.6022	−0.496%	$31K	$107K	3x	as long as short