PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0212%/8h= +23.2% APRnext payment +$1.06 per $10,000 · paid last 24h −0.004%

Price spread now: Gate against MEXC+0.017%7-day average −0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$570.574% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 3 days (all we have)−0.125%−$12 · spread now +0.017%, 7d avg −0.062%

Together, before fees−0.141%−$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Gate is 0.078% dearer against MEXC than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.062%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.017% in total (about -0.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.06 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PONS_USDT	0.5902	0.0172	pay 0.0086% / 4h	2h 52m	$7.7M	$5.1M	20x
Short	Gate PONS_USDT	0.5903	0.0384	get 0.0192% / 4h	2h 52m	$5.2M	$6.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.017%Rate

Funding earned: $44.52
Price spread: +0.017% → −0.062%: $7.85
Slippage, 4 orders: −$42.43
Fee MEXC: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$5.06
Costs to cover: 0.574%
Break-even: 7.8 days

Slippage from MEXC: live order book, 1 min ago; Gate: 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, 1 min ago	0.85 bp	4.8 bp −$5	15.4 bp −$154	417.3 bp −$41.7K	doesn't fit
Sell Gate live order book, 1 min ago	4.23 bp	23.6 bp −$24	78.0 bp −$780	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	0.5901	−0.012%	$216K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0066%	1h	0.5920	+0.298%	$609	$6K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5904	+0.034%	$21K	$459K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5900	−0.034%	$17.9M	$31.5M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5899	−0.051%	$13.5M	$55.9M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5900	−0.037%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5905	+0.044%	$4.6M	$11.6M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5929	+0.465%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5922	+0.342%	$34K	$326K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5907	+0.076%	$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	0.5915	+0.224%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5904	+0.030%	$27K	$534K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5920	+0.300%	$64K	$503K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5904	+0.034%	$1.7M	$3.3M	20x	as long as short
Lighter RH PONS	+0.0128%	1h	0.5905	+0.051%	$397K	$2.6M	3x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.5899	−0.051%	$368	—	3x	as long as short
Binance PONSUSDT	+0.0168%	4h	0.5903	+0.020%	$38.5M	$98.1M	20x	as long as short
Extended PONS-USD	+0.0168%	1h	0.5902	0.000%	$105K	$529K	5x	as long as short
MEXC PONS_USDTlong	+0.0172%	4h	0.5902	long leg	$7.7M	$5.1M	20x
BingX PONS-USDT	+0.0190%	4h	0.5904	+0.034%	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0197%	4h	0.5922	+0.346%	$21K	$292K	10x	as long as short
Aster PONSUSDT	+0.0225%	4h	0.5900	−0.028%	$1.1M	$2.2M	20x	as long as short
Nado PONS-PERP	+0.0335%	1h	0.5904	+0.034%	$89K	$103K	5x	as long as short
Polymarket Perps PONS-USD	+0.0346%	1h	0.5905	+0.042%	$38K	$1.8M	3x	as long as short
Gate PONS_USDTshort	+0.0384%	4h	0.5903	+0.017%	$5.2M	$6.7M	20x
BloFin PONS-USDT	+0.0413%	4h	0.5919	+0.288%	$1.7M	$984K	20x	as long as short
Pacifica PONS	+0.0474%	1h	0.5911	+0.151%	$47K	$102K	3x	as long as short
Hyperliquid PONS	+0.0731%	1h	0.5905	+0.049%	$59.2M	$29.5M	3x	as long as short
Lighter PONS	+0.0992%	1h	0.5909	+0.119%	$1.7M	$879K	3x	as long as short
Phoenix PONS	+0.1275%	1h	0.5921	+0.319%	$27K	$86K	3x	as long as short