PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0099%/8h= +10.8% APRnext payment +$0.49 per $10,000 · paid last 24h +0.047%

Price spread now: edgeX against OKX+0.403%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$690.691% of the position

Long on OKX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.203%+$20 on $10k

Price spread, last 3 days (all we have)−0.363%−$36 · spread now +0.403%, 7d avg +0.032%

Together, before fees−0.159%+ Points / potential airdropedgeX: Active · farm board−$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and edgeX is 0.371% dearer against OKX than usual: you sell high and buy low: +$37 more if the spread goes back to its 7-day average of +0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX PONS-USDT-SWAP	0.5957	0.0100	pay 0.0050% / 4h	1h 36m	$13.5M	$56.0M	20x
Short	edgeX PONSUSDC	0.5981	0.0199	get 0.0099% / 4h	1h 36m	$21K	$292K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.403%Rate

Funding earned: $20.73
Price spread: +0.403% → +0.032%: $37.11
Slippage, 4 orders: −$50.11
Fee OKX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$11.27
Costs to cover: 0.691%
Break-even: 10.8 days

Slippage from OKX: live order book, 2 min ago; edgeX: live order book, 46 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, 2 min ago	2.51 bp	13.6 bp −$14	30.5 bp −$305	doesn't fit	doesn't fit
Sell edgeX live order book, 46 min ago	11.86 bp	20.3 bp −$20	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 +0.0032% / S −0.0034%	1h	0.5954	−0.046%	$218K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+0.210%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5960	+0.050%	$17K	$438K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5956	−0.017%	$17.8M	$31.6M	20x	as long as short
OKX PONS-USDT-SWAPlong	+0.0100%	4h	0.5957	long leg	$13.5M	$56.0M	20x
KuCoin PONSUSDTM	+0.0100%	4h	0.5960	+0.052%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5962	+0.082%	$4.7M	$11.6M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5973	+0.274%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5986	+0.482%	$35K	$345K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5965	+0.141%	$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	0.5964	+0.114%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5958	+0.018%	$27K	$548K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5979	+0.373%	$64K	$506K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5953	−0.067%	$1.6M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.5957	−0.003%	$371	—	3x	as long as short
Aster PONSUSDT	+0.0155%	4h	0.5960	+0.053%	$1.1M	$2.2M	20x	as long as short
Binance PONSUSDT	+0.0181%	4h	0.5961	+0.060%	$38.8M	$97.7M	20x	as long as short
BingX PONS-USDT	+0.0182%	4h	0.5961	+0.067%	—	$3.1M	—	as long as short
Extended PONS-USD	+0.0184%	1h	0.5958	+0.017%	$247K	$667K	5x	as long as short
MEXC PONS_USDT	+0.0188%	4h	0.5958	+0.017%	$7.7M	$4.9M	20x	as long as short
edgeX PONSUSDCshort	+0.0199%	4h	0.5981	+0.403%	$21K	$292K	10x
Nado PONS-PERP	+0.0218%	1h	0.5960	+0.050%	$90K	$103K	5x	as long as short
BloFin PONS-USDT	+0.0421%	4h	0.5965	+0.134%	$1.7M	$981K	20x	as long as short
Pacifica PONS	+0.0451%	1h	0.5961	+0.075%	$47K	$96K	3x	as long as short
Lighter RH PONS	+0.0488%	1h	0.5959	+0.032%	$419K	$2.7M	3x	as long as short
Polymarket Perps PONS-USD	+0.0491%	1h	0.5961	+0.060%	$37K	$1.7M	3x	as long as short
Hyperliquid PONS	+0.0621%	1h	0.5965	+0.131%	$60.1M	$30.0M	3x	as long as short
Lighter PONS	+0.0784%	1h	0.5961	+0.065%	$1.7M	$991K	3x	as long as short
Gate PONS_USDT	+0.1368%	4h	0.5955	−0.034%	$5.2M	$6.5M	20x	as long as short
Phoenix PONS	+0.1398%	1h	0.5976	+0.314%	$30K	$96K	3x	as long as short