PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0007%/8h= −0.7% APRnext payment −$0.03 per $10,000 · paid last 24h −0.056%

Price spread now: edgeX against BingX+0.383%70s7-day average −0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$80as 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−$630.633% of the position

Long on BingX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.170%−$17 on $10k

Price spread, last 3 days (all we have)−0.129%−$13 · spread now +0.383%, 7d avg −0.024%

Together, before fees−0.300%+ Points / potential airdropedgeX: Active · farm board−$30 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.406% dearer against BingX than usual: you sell high and buy low, +$41 on $10k if it goes back to its 7-day average of −0.024%. The two prices were read 70 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	BingX PONS-USDT	0.5864	0.0180	pay 0.0090% / 4h	2h 06m	—	$3.1M	—
Short	edgeX PONSUSDC	0.5886	0.0173	get 0.0087% / 4h	2h 06m	$21K	$292K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against BingX. 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 BingXbpFee edgeXbpOrdersPrice spread, now +0.383%Rate

Funding earned: −$1.39
Price spread: +0.383% → −0.024%: $40.62
Slippage, 4 orders: −$44.26
Fee BingX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$24.04
Costs to cover: 0.633%
Break-even: never at this rate

Slippage from BingX: live order book, 13 min ago; edgeX: live order book, 17 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 BingX live order book, 13 min ago	0.85 bp	9.1 bp −$9	29.1 bp −$291	403.7 bp −$40.4K	doesn't fit
Sell edgeX live order book, 17 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	0.5858	−0.097%	$215K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0066%	1h	0.5920	+0.948%	$609	$6K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5858	−0.102%	$21K	$442K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5867	+0.051%	$17.5M	$31.9M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5867	+0.051%	$13.3M	$55.9M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5857	−0.121%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5868	+0.065%	$4.6M	$11.7M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5875	+0.185%	$1.3M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5887	+0.397%	$34K	$338K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5869	+0.089%	$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	0.5858	−0.095%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5868	+0.065%	$27K	$548K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5876	+0.205%	$63K	$505K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5865	+0.017%	$1.6M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0120%	1h	0.5864	+0.007%	$365	—	3x	as long as short
Nado PONS-PERP	+0.0124%	1h	0.5859	−0.081%	$89K	$103K	5x	as long as short
Aster PONSUSDT	+0.0149%	4h	0.5856	−0.138%	$1.1M	$2.2M	20x	as long as short
MEXC PONS_USDT	+0.0166%	4h	0.5867	+0.051%	$7.5M	$5.2M	20x	as long as short
Binance PONSUSDT	+0.0167%	4h	0.5869	+0.092%	$38.1M	$98.3M	20x	as long as short
Extended PONS-USD	+0.0168%	1h	0.5864	+0.004%	$105K	$533K	5x	as long as short
edgeX PONSUSDCshort	+0.0173%	4h	0.5886	+0.383%	$21K	$292K	10x
BingX PONS-USDTlong	+0.0180%	4h	0.5864	long leg	—	$3.1M	—
Polymarket Perps PONS-USD	+0.0370%	1h	0.5862	−0.036%	$37K	$1.8M	3x	as long as short
BloFin PONS-USDT	+0.0407%	4h	0.5860	−0.068%	$1.7M	$959K	20x	as long as short
Pacifica PONS	+0.0474%	1h	0.5858	−0.094%	$47K	$103K	3x	as long as short
Lighter RH PONS	+0.0488%	1h	0.5865	+0.017%	$415K	$2.6M	3x	as long as short
Hyperliquid PONS	+0.0514%	1h	0.5863	−0.015%	$58.8M	$30.0M	3x	as long as short
Gate PONS_USDT	+0.0712%	4h	0.5857	−0.119%	$5.1M	$6.8M	20x	as long as short
Lighter PONS	+0.0952%	1h	0.5870	+0.109%	$1.7M	$900K	3x	as long as short
Phoenix PONS	+0.1275%	1h	0.5886	+0.382%	$30K	$86K	3x	as long as short