PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0052%/8h= −5.7% APRnext payment −$0.26 per $10,000 · paid last 24h −0.018%

Price spread now: Bitget against MEXC+0.020%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$450.447% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.060%−$6 on $10k

Price spread, last 4 days (all we have)−0.011%−$1 · spread now +0.020%, 7d avg +0.029%

Together, before fees−0.071%−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.029%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PONS_USDT	0.5921	0.0608	pay 0.0304% / 4h	2h 41m	$7.5M	$4.7M	20x
Short	Bitget PONSUSDT	0.5922	0.0556	get 0.0278% / 4h	2h 41m	$4.7M	$11.8M	20x

Funding history

latest

Range statsloading…

Bitget against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee MEXCbpFee BitgetbpOrdersPrice spread, now +0.020%Rate

Slippage from MEXC: live order book, 1 min ago; Bitget: live order book, 2 min ago.

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, 1 min ago	0.85 bp	4.7 bp −$5	11.7 bp −$117	276.4 bp −$27.6K	doesn't fit
Sell Bitget live order book, 2 min ago	3.38 bp	16.6 bp −$17	doesn't fit	doesn't fit	doesn't fit

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 −0.0032%	1h	0.5910	−0.183%	$235K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+0.819%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5917	−0.068%	$417K	$2.5M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5919	−0.034%	$21K	$417K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5916	−0.086%	$69K	$130K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5925	+0.068%	$34K	$335K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5927	+0.095%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5919	−0.037%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5920	−0.015%	$26K	$546K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5936	+0.245%	$64K	$513K	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	0.5922	+0.017%	$1.6M	$3.2M	20x	as long as short
Gate PONS_USDT	+0.0150%	4h	0.5919	−0.034%	$5.2M	$6.2M	20x	as long as short
Aevo PONS-PERP	+0.0232%	1h	0.5922	+0.012%	$369	—	3x	as long as short
Hyperliquid PONS	+0.0259%	1h	0.5917	−0.062%	$60.0M	$29.0M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0364%	4h	0.5919	−0.034%	$13.4M	$54.7M	20x	as long as short
Aster PONSUSDT	+0.0482%	4h	0.5919	−0.032%	$1.1M	$2.2M	20x	as long as short
Variational Omni PONS	+0.0538%	4h	0.5931	+0.177%	$1.4M	$4.1M	—	as long as short
Bitget PONSUSDTshort	+0.0556%	4h	0.5922	+0.020%	$4.7M	$11.8M	20x
Extended PONS-USD	+0.0608%	1h	0.5919	−0.029%	$106K	$807K	5x	as long as short
MEXC PONS_USDTlong	+0.0608%	4h	0.5921	long leg	$7.5M	$4.7M	20x
Binance PONSUSDT	+0.0608%	4h	0.5920	−0.013%	$38.7M	$94.7M	20x	as long as short
edgeX PONSUSDC	+0.0627%	4h	0.5939	+0.298%	$20K	$296K	10x	as long as short
Pacifica PONS	+0.0715%	1h	0.5920	−0.018%	$46K	$68K	3x	as long as short
KuCoin PONSUSDTM	+0.0738%	4h	0.5919	−0.034%	$1.6M	$3.8M	20x	as long as short
Lighter PONS	+0.0760%	1h	0.5920	−0.022%	$1.6M	$886K	3x	as long as short
Polymarket Perps PONS-USD	+0.0789%	1h	0.5916	−0.088%	$87K	$1.7M	3x	as long as short
BingX PONS-USDT	+0.0808%	4h	0.5920	−0.017%	—	$3.0M	—	as long as short
Bybit PONSUSDT	+0.0825%	4h	0.5918	−0.051%	$17.7M	$31.0M	20x	as long as short
BloFin PONS-USDT	+0.0856%	4h	0.5919	−0.034%	$1.7M	$943K	20x	as long as short
Phoenix PONS	+0.1719%	1h	0.5937	+0.275%	$45K	$121K	3x	as long as short