PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0190%/8h= −20.9% APRnext payment −$0.95 per $10,000 · paid last 24h −0.054%

Price spread now: OKX against MEXC−0.084%7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$320.320% of the position

Long on MEXC Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.179%−$18 on $10k

Price spread, last 4 days (all we have)+0.025%+$2 · spread now −0.084%, 7d avg −0.031%

Together, before fees−0.155%−$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and OKX is 0.053% cheaper against MEXC than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.031%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PONS_USDT	0.5952	0.0472	pay 0.0236% / 4h	1h 33m	$7.6M	$4.7M	20x
Short	OKX PONS-USDT-SWAP	0.5947	0.0282	get 0.0141% / 4h	1h 33m	$13.6M	$53.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.084%Rate

Funding earned: −$39.99
Price spread: −0.084% → −0.031%: −$5.33
Slippage, 4 orders: −$22.05
Fee MEXC: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$77.36
Costs to cover: 0.320%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; OKX: live order book, 5 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, 4 min ago	0.84 bp	3.3 bp −$3	10.6 bp −$106	405.5 bp −$40.6K	doesn't fit
Sell OKX live order book, 5 min ago	0.84 bp	13.2 bp −$13	31.9 bp −$319	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	0.5936	−0.263%	$235K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+0.294%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5948	−0.067%	$20K	$424K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5967	+0.245%	$33K	$352K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5951	−0.015%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5948	−0.066%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5946	−0.094%	$26K	$519K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5957	+0.086%	$64K	$508K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5953	+0.017%	$1.6M	$3.2M	20x	as long as short
Variational Omni PONS	+0.0142%	4h	0.5965	+0.224%	$1.4M	$3.9M	—	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	0.5948	−0.069%	$418K	$2.5M	3x	as long as short
Nado PONS-PERP	+0.0187%	1h	0.5944	−0.142%	$70K	$129K	5x	as long as short
Lighter PONS	+0.0192%	1h	0.5948	−0.074%	$1.6M	$875K	3x	as long as short
Aevo PONS-PERP	+0.0200%	1h	0.5939	−0.216%	$370	—	3x	as long as short
Gate PONS_USDT	+0.0266%	4h	0.5953	+0.017%	$5.2M	$6.2M	20x	as long as short
OKX PONS-USDT-SWAPshort	+0.0282%	4h	0.5947	−0.084%	$13.6M	$53.9M	20x
KuCoin PONSUSDTM	+0.0372%	4h	0.5954	+0.025%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0388%	4h	0.5953	+0.024%	$4.6M	$11.3M	20x	as long as short
Aster PONSUSDT	+0.0397%	4h	0.5943	−0.146%	$1.1M	$2.1M	20x	as long as short
BingX PONS-USDT	+0.0470%	4h	0.5951	−0.017%	—	$3.0M	—	as long as short
Extended PONS-USD	+0.0472%	1h	0.5950	−0.028%	$246K	$670K	5x	as long as short
MEXC PONS_USDTlong	+0.0472%	4h	0.5952	long leg	$7.6M	$4.7M	20x
Binance PONSUSDT	+0.0473%	4h	0.5951	−0.017%	$39.0M	$93.9M	20x	as long as short
edgeX PONSUSDC	+0.0489%	4h	0.5966	+0.243%	$18K	$293K	10x	as long as short
Bybit PONSUSDT	+0.0504%	4h	0.5949	−0.050%	$17.8M	$30.4M	20x	as long as short
Hyperliquid PONS	+0.0683%	1h	0.5952	0.000%	$60.6M	$27.8M	3x	as long as short
BloFin PONS-USDT	+0.0713%	4h	0.5957	+0.084%	$1.7M	$948K	20x	as long as short
Pacifica PONS	+0.0755%	1h	0.5943	−0.155%	$47K	$72K	3x	as long as short
Polymarket Perps PONS-USD	+0.0789%	1h	0.5947	−0.084%	$48K	$1.6M	3x	as long as short
Phoenix PONS	+0.1639%	1h	0.5963	+0.186%	$31K	$98K	3x	as long as short