PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0208%/8h= +22.8% APRnext payment +$1.04 per $10,000 · paid last 24h +0.103%

Price spread now: BingX against OKX−0.016%7-day average +0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$520.515% of the position

Long on OKX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.373%+$37 on $10k

Price spread, last 3 days (all we have)−0.003%$0 · spread now −0.016%, 7d avg +0.052%

Together, before fees+0.370%+$37 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.068% cheaper against OKX than usual: you would sell low and buy high (spread −0.016% now, against its 7-day average of +0.052%). If the spread goes back, that is −$7 on $10k: about 26 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX PONS-USDT-SWAP	0.6121	0.0100	pay 0.0050% / 4h	28m 29s	$14.0M	$58.1M	20x
Short	BingX PONS-USDT	0.6120	0.0308	get 0.0154% / 4h	28m 29s	—	$3.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.016%Rate

Funding earned: $43.68
Price spread: −0.016% → +0.052%: −$6.82
Slippage, 4 orders: −$31.53
Fee OKX: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$14.68
Costs to cover: 0.515%
Break-even: 9.4 days

Slippage from OKX: live order book, 5 min ago; BingX: live order book, 6 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, 5 min ago	0.82 bp	13.5 bp −$14	27.4 bp −$274	406.7 bp −$40.7K	doesn't fit
Sell BingX live order book, 6 min ago	2.44 bp	11.5 bp −$12	31.6 bp −$316	130.9 bp −$13.1K	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
Injective PONS/USDC PERP	−0.0047%	1h	0.5969	−2.475%	$614	$10K	5.5x	as long as short
gTrade (Gains Network) PONS/USD	L +0.0033% / S −0.0033%	1h	0.6116	−0.083%	$242K	—	150x	as long as short
Lighter RH PONS	+0.0096%	1h	0.6131	+0.172%	$429K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6129	+0.131%	$20K	$438K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6130	+0.147%	$88K	$107K	5x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.6123	+0.033%	$18.4M	$31.6M	20x	as long as short
OKX PONS-USDT-SWAPlong	+0.0100%	4h	0.6121	long leg	$14.0M	$58.1M	20x
Variational Omni PONS	+0.0100%	4h	0.6124	+0.054%	$1.4M	$4.2M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6127	+0.098%	$34K	$359K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6131	+0.167%	$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	0.6125	+0.072%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6133	+0.198%	$28K	$547K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6134	+0.212%	$65K	$509K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6138	+0.278%	$1.7M	$3.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0114%	4h	0.6127	+0.101%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0146%	4h	0.6128	+0.119%	$4.8M	$11.7M	20x	as long as short
Aevo PONS-PERP	+0.0160%	1h	0.6128	+0.115%	$382	—	3x	as long as short
Aster PONSUSDT	+0.0163%	4h	0.6131	+0.157%	$1.1M	$2.2M	20x	as long as short
MEXC PONS_USDT	+0.0302%	4h	0.6126	+0.082%	$8.1M	$4.9M	20x	as long as short
Lighter PONS	+0.0304%	1h	0.6132	+0.185%	$1.7M	$922K	3x	as long as short
Extended PONS-USD	+0.0304%	1h	0.6129	+0.129%	$253K	$682K	5x	as long as short
Binance PONSUSDT	+0.0306%	4h	0.6126	+0.082%	$40.1M	$98.7M	20x	as long as short
BingX PONS-USDTshort	+0.0308%	4h	0.6120	−0.016%	—	$3.0M	—
edgeX PONSUSDC	+0.0313%	4h	0.6129	+0.125%	$21K	$294K	10x	as long as short
BloFin PONS-USDT	+0.0544%	4h	0.6133	+0.196%	$1.8M	$1.0M	20x	as long as short
Polymarket Perps PONS-USD	+0.0667%	1h	0.6129	+0.123%	$42K	$1.7M	3x	as long as short
Hyperliquid PONS	+0.0892%	1h	0.6129	+0.134%	$62.3M	$30.4M	3x	as long as short
Pacifica PONS	+0.0899%	1h	0.6131	+0.168%	$48K	$96K	3x	as long as short
Phoenix PONS	+0.1307%	1h	0.6126	+0.080%	$31K	$102K	3x	as long as short
Gate PONS_USDT	+0.2332%	4h	0.6124	+0.049%	$5.4M	$6.3M	20x	as long as short