PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0086%/8h= +9.5% APRnext payment +$0.43 per $10,000 · paid last 24h +0.103%

Price spread now: edgeX against Phemex+0.086%78s7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1231.234% of the position

Long on Phemex Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.460%+$46 on $10k

Price spread, last 3 days (all we have)−0.276%−$28 · spread now +0.086%, 7d avg −0.006%

Together, before fees+0.185%+ Points / potential airdropedgeX: Active · farm board+$18 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 0.092% dearer against Phemex than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.006%. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex PONSUSDT	0.5894	0.0100	pay 0.0050% / 4h	2h 29m	$1.7M	$3.3M	20x
Short	edgeX PONSUSDC	0.5899	0.0186	get 0.0093% / 4h	2h 29m	$21K	$294K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Phemex. 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 PhemexbpFee edgeXbpOrdersPrice spread, now +0.086%Rate

Funding earned: $18.14
Price spread: +0.086% → −0.006%: $9.19
Slippage, 4 orders: −$102.36
Fee Phemex: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$96.03
Costs to cover: 1.234%
Break-even: 44.1 days

Slippage from Phemex: live order book, 4 min ago; edgeX: live order book, 58 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 Phemex live order book, 4 min ago	0.85 bp	45.0 bp −$45	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 58 min ago	11.84 bp	20.7 bp −$21	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	0.5900	+0.109%	$216K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0066%	1h	0.5920	+0.434%	$609	$6K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5908	+0.238%	$21K	$447K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5902	+0.136%	$17.7M	$31.8M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5903	+0.153%	$13.5M	$56.1M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5902	+0.137%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5907	+0.227%	$4.6M	$11.7M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5903	+0.157%	$1.3M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5896	+0.039%	$34K	$332K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5906	+0.204%	$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	0.5909	+0.261%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5901	+0.122%	$27K	$549K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5913	+0.314%	$64K	$504K	20x	as long as short
Phemex PONSUSDTlong	+0.0100%	4h	0.5894	long leg	$1.7M	$3.3M	20x
Nado PONS-PERP	+0.0120%	1h	0.5908	+0.244%	$89K	$103K	5x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.5902	+0.136%	$368	—	3x	as long as short
Extended PONS-USD	+0.0176%	1h	0.5905	+0.193%	$105K	$533K	5x	as long as short
Binance PONSUSDT	+0.0176%	4h	0.5906	+0.209%	$38.4M	$98.4M	20x	as long as short
MEXC PONS_USDT	+0.0176%	4h	0.5907	+0.221%	$7.5M	$5.2M	20x	as long as short
BingX PONS-USDT	+0.0182%	4h	0.5904	+0.170%	—	$3.1M	—	as long as short
edgeX PONSUSDCshort	+0.0186%	4h	0.5899	+0.086%	$21K	$294K	10x
Aster PONSUSDT	+0.0215%	4h	0.5904	+0.175%	$1.1M	$2.2M	20x	as long as short
Polymarket Perps PONS-USD	+0.0334%	1h	0.5906	+0.204%	$38K	$1.8M	3x	as long as short
Gate PONS_USDT	+0.0396%	4h	0.5903	+0.153%	$5.2M	$6.8M	20x	as long as short
BloFin PONS-USDT	+0.0416%	4h	0.5905	+0.187%	$1.7M	$969K	20x	as long as short
Pacifica PONS	+0.0474%	1h	0.5908	+0.231%	$47K	$103K	3x	as long as short
Hyperliquid PONS	+0.0536%	1h	0.5909	+0.248%	$59.0M	$30.0M	3x	as long as short
Lighter RH PONS	+0.0608%	1h	0.5908	+0.239%	$394K	$2.6M	3x	as long as short
Lighter PONS	+0.1120%	1h	0.5906	+0.205%	$1.7M	$882K	3x	as long as short
Phoenix PONS	+0.1275%	1h	0.5899	+0.085%	$27K	$86K	3x	as long as short