PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0005%/8h= +0.5% APRnext payment +$0.02 per $10,000 · paid last 24h +0.005%

Price spread now: edgeX against MEXC−0.448%53s7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$490.488% of the position

Long on MEXC Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.027%+$3 on $10k

Price spread, last 3 days (all we have)+0.457%+$46 · spread now −0.448%, 7d avg −0.005%

Together, before fees+0.483%+ Points / potential airdropedgeX: Active · farm board+$48 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: edgeX is 0.443% cheaper against MEXC than usual: you would sell low and buy high, −$44 on $10k if it goes back to its 7-day average of −0.005%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PONS_USDT	0.6134	0.0376	pay 0.0188% / 4h	3h 12m	$8.0M	$4.9M	20x
Short	edgeX PONSUSDC	0.6107	0.0381	get 0.0190% / 4h	3h 12m	$21K	$294K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.448%Rate

Funding earned: $0.97
Price spread: −0.448% → −0.005%: −$44.26
Slippage, 4 orders: −$39.83
Fee MEXC: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$92.12
Costs to cover: 0.488%
Break-even: 668.8 days

Slippage from MEXC: live order book, 5 min ago; edgeX: live order book, 60 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	0.82 bp	3.7 bp −$4	10.9 bp −$109	340.9 bp −$34.1K	doesn't fit
Sell edgeX live order book, 60 min ago	11.48 bp	20.0 bp −$20	doesn't fit	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 −0.0033%	1h	0.6129	−0.085%	$243K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−2.682%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6134	0.000%	$20K	$415K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6089	−0.741%	$1.4M	$4.2M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6098	−0.580%	$33K	$356K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6146	+0.194%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6133	−0.023%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6139	+0.082%	$27K	$543K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6146	+0.187%	$65K	$510K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6138	+0.065%	$1.7M	$3.2M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH PONS	+0.0160%	1h	0.6130	−0.059%	$434K	$2.6M	3x	as long as short
Aevo PONS-PERP	+0.0176%	1h	0.6141	+0.122%	$383	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0199%	4h	0.6132	−0.033%	$14.0M	$56.7M	20x	as long as short
KuCoin PONSUSDTM	+0.0204%	4h	0.6134	−0.005%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0274%	4h	0.6134	+0.007%	$4.8M	$11.4M	20x	as long as short
Aster PONSUSDT	+0.0326%	4h	0.6135	+0.021%	$1.1M	$2.1M	20x	as long as short
Extended PONS-USD	+0.0376%	1h	0.6134	−0.006%	$253K	$678K	5x	as long as short
MEXC PONS_USDTlong	+0.0376%	4h	0.6134	long leg	$8.0M	$4.9M	20x
edgeX PONSUSDCshort	+0.0381%	4h	0.6107	−0.448%	$21K	$294K	10x
Binance PONSUSDT	+0.0391%	4h	0.6136	+0.025%	$40.4M	$96.3M	20x	as long as short
Lighter PONS	+0.0496%	1h	0.6131	−0.055%	$1.7M	$940K	3x	as long as short
BingX PONS-USDT	+0.0586%	4h	0.6136	+0.033%	—	$3.1M	—	as long as short
Bybit PONSUSDT	+0.0599%	4h	0.6130	−0.065%	$18.4M	$30.9M	20x	as long as short
Nado PONS-PERP	+0.0604%	1h	0.6130	−0.058%	$106K	$115K	5x	as long as short
BloFin PONS-USDT	+0.0617%	4h	0.6132	−0.033%	$1.8M	$997K	20x	as long as short
Pacifica PONS	+0.0665%	1h	0.6130	−0.060%	$48K	$78K	3x	as long as short
Polymarket Perps PONS-USD	+0.0786%	1h	0.6134	+0.005%	$45K	$1.6M	3x	as long as short
Hyperliquid PONS	+0.0873%	1h	0.6133	−0.011%	$62.4M	$29.1M	3x	as long as short
Gate PONS_USDT	+0.1022%	4h	0.6124	−0.163%	$5.4M	$6.2M	20x	as long as short
Phoenix PONS	+0.1608%	1h	0.6094	−0.657%	$32K	$113K	3x	as long as short