PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0347%/8h= +38.0% APRnext payment +$1.73 per $10,000 · paid last 24h +0.014%

Price spread now: BingX against Binance−0.064%7-day average +0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$540.541% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.187%+$19 on $10k

Price spread, last 4 days (all we have)−0.049%−$5 · spread now −0.064%, 7d avg +0.020%

Together, before fees+0.138%+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.085% cheaper against Binance than usual: you would sell low and buy high (spread −0.064% now, against its 7-day average of +0.020%). If the spread goes back, that is −$8 on $10k: about 20 hours of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.187% in total) that is about 3.2 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.187% in total (about 9.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.73 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	Binance PONSUSDT	0.6202	0.0617	pay 0.0309% / 4h	3h 47m	$40.6M	$104.5M	20x
Short	BingX PONS-USDT	0.6198	0.0964	get 0.0482% / 4h	3h 47m	—	$3.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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 BinancebpFee BingXbpOrdersPrice spread, now −0.064%Rate

Funding earned: $72.81
Price spread: −0.064% → +0.020%: −$8.48
Slippage, 4 orders: −$34.1
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: $10.23
Costs to cover: 0.541%
Break-even: 6.0 days

Slippage from Binance: live order book, 11 min ago; BingX: live order book, 3 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 Binance live order book, 11 min ago	0.80 bp	14.3 bp −$14	50.4 bp −$504	278.1 bp −$27.8K	doesn't fit
Sell BingX live order book, 3 min ago	0.81 bp	10.6 bp −$11	33.3 bp −$333	142.7 bp −$14.3K	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 −0.0030%	1h	0.6192	−0.158%	$242K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5938	−4.249%	$610	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6208	+0.097%	$23K	$437K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6211	+0.138%	$73K	$130K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6179	−0.369%	$31K	$292K	5x	as long as short
Polymarket Perps PONS-USD	+0.0100%	1h	0.6197	−0.089%	$72K	$2.3M	3x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6210	+0.121%	$2K	$4K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6205	+0.044%	—	$1.2M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6202	+0.003%	$26K	$614K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6223	+0.335%	$66K	$527K	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	0.6203	+0.016%	$1.7M	$3.2M	20x	as long as short
Lighter RH PONS	+0.0120%	1h	0.6204	+0.032%	$420K	$2.7M	3x	as long as short
Aevo PONS-PERP	+0.0232%	1h	0.6205	+0.048%	$387	—	3x	as long as short
Hyperliquid PONS	+0.0322%	1h	0.6205	+0.055%	$63.5M	$30.8M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0392%	4h	0.6199	−0.048%	$14.1M	$60.8M	20x	as long as short
Aster PONSUSDT	+0.0429%	4h	0.6205	+0.044%	$1.1M	$2.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0476%	4h	0.6205	+0.052%	$1.6M	$4.0M	20x	as long as short
Variational Omni PONS	+0.0532%	4h	0.6223	+0.338%	$1.6M	$4.3M	—	as long as short
Extended PONS-USD	+0.0616%	1h	0.6201	−0.010%	$104K	$828K	5x	as long as short
MEXC PONS_USDT	+0.0616%	4h	0.6206	+0.064%	$7.9M	$4.6M	20x	as long as short
Binance PONSUSDTlong	+0.0617%	4h	0.6202	long leg	$40.6M	$104.5M	20x
edgeX PONSUSDC	+0.0637%	4h	0.6186	−0.254%	$20K	$292K	10x	as long as short
Gate PONS_USDT	+0.0660%	4h	0.6200	−0.032%	$5.4M	$6.3M	20x	as long as short
Bitget PONSUSDT	+0.0696%	4h	0.6204	+0.037%	$4.9M	$13.2M	20x	as long as short
Lighter PONS	+0.0760%	1h	0.6205	+0.048%	$1.7M	$867K	3x	as long as short
Pacifica PONS	+0.0853%	1h	0.6203	+0.013%	$47K	$77K	3x	as long as short
BloFin PONS-USDT	+0.0857%	4h	0.6208	+0.097%	$1.8M	$1.1M	20x	as long as short
BingX PONS-USDTshort	+0.0964%	4h	0.6198	−0.064%	—	$3.3M	—
Bybit PONSUSDT	+0.1118%	4h	0.6203	+0.016%	$18.8M	$33.2M	20x	as long as short
Phoenix PONS	+0.1714%	1h	0.6194	−0.135%	$47K	$159K	3x	as long as short