PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0474%/8h= −51.9% APRnext payment −$2.37 per $10,000 · paid last 24h −0.084%

Price spread now: Phemex against MEXC−0.331%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$162as in the Funding arb table

Net, price: spread back to 7d avg − costs−$152as in the Price arb table

costs, in and out, $10k−$1181.181% of the position

Long on MEXC Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.436%−$44 on $10k

Price spread, last 4 days (all we have)+0.581%+$58 · spread now −0.331%, 7d avg +0.004%

Together, before fees+0.144%+$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Phemex is 0.335% cheaper against MEXC than usual: you would sell low and buy high (−$33 if the spread goes back to its 7-day average of +0.004%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PONS_USDT	0.6043	0.0574	pay 0.0287% / 4h	25m 53s	$7.7M	$4.7M	20x
Short	Phemex PONSUSDT	0.6023	0.0100	get 0.0050% / 4h	25m 53s	$1.7M	$3.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.331%Rate

Funding earned: −$99.54
Price spread: −0.331% → +0.004%: −$33.49
Slippage, 4 orders: −$106.08
Fee MEXC: 0 bp × 2 orders: $0
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$251.11
Costs to cover: 1.181%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Phemex: live order book, 3 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, 2 min ago	3.33 bp	6.0 bp −$6	16.3 bp −$163	384.1 bp −$38.4K	doesn't fit
Sell Phemex live order book, 3 min ago	15.07 bp	43.6 bp −$44	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 −0.0032%	1h	0.6014	−0.487%	$239K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.216%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6020	−0.381%	$21K	$435K	20x	as long as short
Gate PONS_USDT	+0.0100%	4h	0.6023	−0.331%	$5.3M	$6.3M	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5958	−1.403%	$34K	$348K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6034	−0.154%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6027	−0.258%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6029	−0.223%	$26K	$534K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6033	−0.159%	$65K	$512K	20x	as long as short
Phemex PONSUSDTshort	+0.0100%	4h	0.6023	−0.331%	$1.7M	$3.2M	20x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo PONS-PERP	+0.0224%	1h	0.6032	−0.187%	$376	—	3x	as long as short
Lighter PONS	+0.0240%	1h	0.6026	−0.281%	$1.7M	$884K	3x	as long as short
Variational Omni PONS	+0.0242%	4h	0.6026	−0.275%	$1.4M	$4.0M	—	as long as short
Nado PONS-PERP	+0.0272%	1h	0.6016	−0.447%	$70K	$129K	5x	as long as short
OKX PONS-USDT-SWAP	+0.0312%	4h	0.6044	+0.017%	$13.8M	$55.4M	20x	as long as short
Lighter RH PONS	+0.0384%	1h	0.6027	−0.265%	$408K	$2.5M	3x	as long as short
Aster PONSUSDT	+0.0455%	4h	0.6033	−0.169%	$1.1M	$2.1M	20x	as long as short
Bybit PONSUSDT	+0.0462%	4h	0.6043	0.000%	$18.0M	$30.8M	20x	as long as short
Bitget PONSUSDT	+0.0466%	4h	0.6048	+0.076%	$4.6M	$11.5M	20x	as long as short
BingX PONS-USDT	+0.0542%	4h	0.6045	+0.033%	—	$3.0M	—	as long as short
edgeX PONSUSDC	+0.0568%	4h	0.5980	−1.041%	$18K	$294K	10x	as long as short
MEXC PONS_USDTlong	+0.0574%	4h	0.6043	long leg	$7.7M	$4.7M	20x
Binance PONSUSDT	+0.0575%	4h	0.6044	+0.015%	$39.5M	$95.1M	20x	as long as short
Extended PONS-USD	+0.0576%	1h	0.6041	−0.032%	$108K	$812K	5x	as long as short
KuCoin PONSUSDTM	+0.0648%	4h	0.6041	−0.030%	$1.6M	$3.7M	20x	as long as short
Hyperliquid PONS	+0.0754%	1h	0.6049	+0.094%	$61.9M	$28.2M	3x	as long as short
BloFin PONS-USDT	+0.0815%	4h	0.6007	−0.596%	$1.7M	$954K	20x	as long as short
Pacifica PONS	+0.0859%	1h	0.6018	−0.407%	$47K	$67K	3x	as long as short
Polymarket Perps PONS-USD	+0.0911%	1h	0.6023	−0.328%	$70K	$1.6M	3x	as long as short
Phoenix PONS	+0.1736%	1h	0.5981	−1.033%	$31K	$104K	3x	as long as short