PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0119%/8h= +13.1% APRnext payment +$0.60 per $10,000 · paid last 24h +0.017%

Price spread now: Bybit against MEXC−0.151%7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$430.435% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.101%−$10 on $10k

Price spread, last 4 days (all we have)+0.098%+$10 · spread now −0.151%, 7d avg −0.027%

Together, before fees−0.003%$0 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.124% cheaper against MEXC than usual: you would sell low and buy high (spread −0.151% now, against its 7-day average of −0.027%). If the spread goes back, that is −$12 on $10k: about 3.5 days of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −0.101%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PONS_USDT	0.5942	0.0610	pay 0.0305% / 4h	3h 12m	$7.5M	$4.7M	20x
Short	Bybit PONSUSDT	0.5933	0.0729	get 0.0365% / 4h	3h 12m	$17.7M	$30.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.151%Rate

Funding earned: $25.08
Price spread: −0.151% → −0.027%: −$12.42
Slippage, 4 orders: −$32.46
Fee MEXC: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$30.79
Costs to cover: 0.435%
Break-even: 15.6 days

Slippage from MEXC: live order book, 5 min ago; Bybit: 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 MEXC live order book, 5 min ago	0.83 bp	4.5 bp −$5	12.2 bp −$122	364.8 bp −$36.5K	doesn't fit
Sell Bybit live order book, 1 min ago	1.68 bp	16.3 bp −$16	44.4 bp −$444	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 +0.0033% / S −0.0032%	1h	0.5940	−0.027%	$236K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+0.463%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5939	−0.050%	$419K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5936	−0.101%	$21K	$417K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5948	+0.105%	$70K	$130K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5956	+0.227%	$34K	$339K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5949	+0.126%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5949	+0.118%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5945	+0.050%	$26K	$537K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5966	+0.402%	$65K	$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	0.5946	+0.067%	$1.6M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0232%	1h	0.5944	+0.041%	$370	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0362%	4h	0.5939	−0.050%	$13.5M	$54.3M	20x	as long as short
Variational Omni PONS	+0.0455%	4h	0.5941	−0.009%	$1.4M	$4.0M	—	as long as short
Lighter PONS	+0.0472%	1h	0.5941	−0.017%	$1.6M	$894K	3x	as long as short
Hyperliquid PONS	+0.0481%	1h	0.5941	−0.020%	$60.7M	$28.1M	3x	as long as short
Gate PONS_USDT	+0.0502%	4h	0.5939	−0.050%	$5.2M	$6.2M	20x	as long as short
Aster PONSUSDT	+0.0515%	4h	0.5939	−0.058%	$1.1M	$2.2M	20x	as long as short
Bitget PONSUSDT	+0.0536%	4h	0.5942	+0.008%	$4.6M	$11.6M	20x	as long as short
Extended PONS-USD	+0.0608%	1h	0.5939	−0.045%	$106K	$807K	5x	as long as short
MEXC PONS_USDTlong	+0.0610%	4h	0.5942	long leg	$7.5M	$4.7M	20x
Binance PONSUSDT	+0.0611%	4h	0.5938	−0.067%	$38.9M	$94.1M	20x	as long as short
edgeX PONSUSDC	+0.0635%	4h	0.5932	−0.160%	$18K	$294K	10x	as long as short
Bybit PONSUSDTshort	+0.0729%	4h	0.5933	−0.151%	$17.7M	$30.5M	20x
Polymarket Perps PONS-USD	+0.0733%	1h	0.5949	+0.123%	$81K	$1.7M	3x	as long as short
KuCoin PONSUSDTM	+0.0734%	4h	0.5943	+0.013%	$1.6M	$3.8M	20x	as long as short
BingX PONS-USDT	+0.0836%	4h	0.5941	−0.017%	—	$3.0M	—	as long as short
BloFin PONS-USDT	+0.0851%	4h	0.5949	+0.118%	$1.8M	$946K	20x	as long as short
Pacifica PONS	+0.1081%	1h	0.5940	−0.032%	$46K	$68K	3x	as long as short
Phoenix PONS	+0.1586%	1h	0.5990	+0.808%	$45K	$109K	3x	as long as short