PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0221%/8h= +24.2% APRnext payment +$1.10 per $10,000 · paid last 24h +0.054%

Price spread now: Binance against OKX+0.116%7-day average +0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$460.460% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.180%+$18 on $10k

Price spread, last 7 days−0.111%−$11 · spread now +0.116%, 7d avg +0.051%

Together, before fees+0.069%+$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Binance is 0.065% dearer against OKX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX PONS-USDT-SWAP	0.6037	0.0301	pay 0.0151% / 4h	1h 15m	$13.7M	$55.2M	20x
Short	Binance PONSUSDT	0.6044	0.0522	get 0.0261% / 4h	1h 15m	$39.6M	$94.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now +0.116%Rate

Funding earned: $46.33
Price spread: +0.116% → +0.051%: $6.47
Slippage, 4 orders: −$26.03
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: $6.77
Costs to cover: 0.460%
Break-even: 6.0 days

Slippage from OKX: live order book, 3 min ago; Binance: live order book, 12 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 OKX live order book, 3 min ago	0.83 bp	10.3 bp −$10	29.0 bp −$290	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	1.69 bp	10.5 bp −$10	37.1 bp −$371	186.0 bp −$18.6K	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	0.6031	−0.092%	$239K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.118%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6027	−0.166%	$21K	$434K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5984	−0.885%	$33K	$351K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6049	+0.195%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6030	−0.118%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6046	+0.141%	$26K	$528K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6049	+0.195%	$64K	$509K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6035	−0.033%	$1.7M	$3.2M	20x	as long as short
Gate PONS_USDT	+0.0118%	4h	0.6039	+0.033%	$5.3M	$6.3M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni PONS	+0.0178%	4h	0.6039	+0.030%	$1.4M	$3.9M	—	as long as short
Nado PONS-PERP	+0.0204%	1h	0.6035	−0.031%	$71K	$129K	5x	as long as short
Aevo PONS-PERP	+0.0208%	1h	0.6046	+0.151%	$377	—	3x	as long as short
Lighter RH PONS	+0.0296%	1h	0.6046	+0.151%	$418K	$2.5M	3x	as long as short
OKX PONS-USDT-SWAPlong	+0.0301%	4h	0.6037	long leg	$13.7M	$55.2M	20x
Lighter PONS	+0.0312%	1h	0.6047	+0.162%	$1.7M	$876K	3x	as long as short
Bitget PONSUSDT	+0.0408%	4h	0.6046	+0.149%	$4.7M	$11.4M	20x	as long as short
KuCoin PONSUSDTM	+0.0434%	4h	0.6045	+0.134%	$1.7M	$3.7M	20x	as long as short
Aster PONSUSDT	+0.0436%	4h	0.6042	+0.082%	$1.1M	$2.1M	20x	as long as short
BingX PONS-USDT	+0.0488%	4h	0.6046	+0.149%	—	$3.0M	—	as long as short
Bybit PONSUSDT	+0.0498%	4h	0.6039	+0.033%	$18.0M	$30.6M	20x	as long as short
Extended PONS-USD	+0.0504%	1h	0.6042	+0.089%	$250K	$673K	5x	as long as short
MEXC PONS_USDT	+0.0506%	4h	0.6046	+0.149%	$7.7M	$4.7M	20x	as long as short
edgeX PONSUSDC	+0.0511%	4h	0.6000	−0.608%	$18K	$293K	10x	as long as short
Binance PONSUSDTshort	+0.0522%	4h	0.6044	+0.116%	$39.6M	$94.6M	20x
Hyperliquid PONS	+0.0733%	1h	0.6047	+0.157%	$61.6M	$27.8M	3x	as long as short
BloFin PONS-USDT	+0.0748%	4h	0.6026	−0.182%	$1.7M	$967K	20x	as long as short
Pacifica PONS	+0.0755%	1h	0.6043	+0.095%	$48K	$70K	3x	as long as short
Polymarket Perps PONS-USD	+0.0832%	1h	0.6024	−0.215%	$69K	$1.6M	3x	as long as short
Phoenix PONS	+0.1639%	1h	0.5961	−1.254%	$31K	$98K	3x	as long as short