PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0273%/8h= +29.9% APRnext payment +$1.37 per $10,000 · paid last 24h +0.054%

Price spread now: MEXC against OKX+0.150%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$370.373% of the position

Long on OKX Short on MEXC

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)−0.106%−$11 · spread now +0.150%, 7d avg +0.031%

Together, before fees+0.074%+$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and MEXC is 0.119% dearer against OKX than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.031%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.179% in total (about 9.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.37 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX PONS-USDT-SWAP	0.6002	0.0323	pay 0.0161% / 4h	3h 57m	$13.6M	$55.3M	20x
Short	MEXC PONS_USDT	0.6011	0.0596	get 0.0298% / 4h	3h 57m	$7.5M	$4.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.150%Rate

Funding earned: $57.4
Price spread: +0.150% → +0.031%: $11.94
Slippage, 4 orders: −$27.29
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: $32.05
Costs to cover: 0.373%
Break-even: 3.1 days

Slippage from OKX: live order book, 1 min ago; MEXC: 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 OKX live order book, 1 min ago	0.83 bp	13.1 bp −$13	31.2 bp −$312	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.83 bp	5.9 bp −$6	13.2 bp −$132	407.8 bp −$40.8K	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	0.5997	−0.092%	$238K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.541%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6006	+0.067%	$21K	$435K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6008	+0.100%	$70K	$129K	5x	as long as short
Gate PONS_USDT	+0.0100%	4h	0.6002	0.000%	$5.2M	$6.1M	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6023	+0.345%	$35K	$345K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6008	+0.103%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6003	+0.010%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6007	+0.083%	$26K	$538K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6016	+0.228%	$65K	$512K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex PONSUSDT	+0.0100%	4h	0.6014	+0.200%	$1.7M	$3.2M	20x	as long as short
Bybit PONSUSDT	+0.0189%	4h	0.6004	+0.033%	$17.9M	$30.9M	20x	as long as short
Lighter PONS	+0.0192%	1h	0.6013	+0.183%	$1.6M	$890K	3x	as long as short
Lighter RH PONS	+0.0216%	1h	0.6012	+0.175%	$412K	$2.5M	3x	as long as short
Aevo PONS-PERP	+0.0232%	1h	0.6007	+0.077%	$374	—	3x	as long as short
Variational Omni PONS	+0.0303%	4h	0.6008	+0.099%	$1.4M	$3.9M	—	as long as short
OKX PONS-USDT-SWAPlong	+0.0323%	4h	0.6002	long leg	$13.6M	$55.3M	20x
Aster PONSUSDT	+0.0446%	4h	0.6010	+0.138%	$1.1M	$2.1M	20x	as long as short
Bitget PONSUSDT	+0.0492%	4h	0.6003	+0.015%	$4.6M	$11.5M	20x	as long as short
BingX PONS-USDT	+0.0572%	4h	0.6008	+0.100%	—	$3.0M	—	as long as short
Hyperliquid PONS	+0.0595%	1h	0.6004	+0.031%	$61.4M	$28.5M	3x	as long as short
MEXC PONS_USDTshort	+0.0596%	4h	0.6011	+0.150%	$7.5M	$4.7M	20x
Binance PONSUSDT	+0.0597%	4h	0.6005	+0.050%	$39.3M	$95.3M	20x	as long as short
Extended PONS-USD	+0.0600%	1h	0.6009	+0.122%	$108K	$813K	5x	as long as short
edgeX PONSUSDC	+0.0618%	4h	0.6003	+0.021%	$18K	$291K	10x	as long as short
KuCoin PONSUSDTM	+0.0694%	4h	0.6009	+0.117%	$1.6M	$3.8M	20x	as long as short
Polymarket Perps PONS-USD	+0.0732%	1h	0.6004	+0.030%	$73K	$1.6M	3x	as long as short
BloFin PONS-USDT	+0.0842%	4h	0.6004	+0.033%	$1.8M	$956K	20x	as long as short
Pacifica PONS	+0.1081%	1h	0.6009	+0.119%	$47K	$67K	3x	as long as short
Phoenix PONS	+0.1736%	1h	0.6005	+0.057%	$37K	$109K	3x	as long as short