PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0593%/8h= −64.9% APRnext payment −$2.96 per $10,000 · paid last 24h −0.092%

Price spread now: OKX against BingX+0.048%7-day average −0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$500.495% of the position

Long on BingX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.402%−$40 on $10k

Price spread, last 4 days (all we have)−0.009%−$1 · spread now +0.048%, 7d avg −0.051%

Together, before fees−0.411%−$41 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.100% dearer against BingX than usual: you sell high and buy low (spread +0.048% now, against its 7-day average of −0.051%): +$10 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 13 hours. At the pace of the last 7 days (−0.402% in total) that is about 42 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.402% in total (about -21.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.96 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	BingX PONS-USDT	0.6227	0.1006	pay 0.0503% / 4h	3h 29m	—	$3.2M	—
Short	OKX PONS-USDT-SWAP	0.6230	0.0413	get 0.0207% / 4h	3h 29m	$14.4M	$60.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.048%Rate

Funding earned: −$124.43
Price spread: +0.048% → −0.051%: $9.97
Slippage, 4 orders: −$29.55
Fee BingX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$164.01
Costs to cover: 0.495%
Break-even: never at this rate

Slippage from BingX: live order book, 5 min ago; OKX: live order book, 4 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, 5 min ago	0.81 bp	10.9 bp −$11	38.2 bp −$382	238.5 bp −$23.8K	doesn't fit
Sell OKX live order book, 4 min ago	0.81 bp	13.5 bp −$13	36.5 bp −$365	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 −0.0030%	1h	0.6228	+0.015%	$243K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5938	−4.633%	$610	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6208	−0.305%	$23K	$437K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6220	−0.112%	$72K	$130K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6177	−0.805%	$31K	$290K	5x	as long as short
Polymarket Perps PONS-USD	+0.0100%	1h	0.6198	−0.474%	$72K	$2.2M	3x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6226	−0.014%	$2K	$4K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6210	−0.265%	—	$1.2M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6239	+0.196%	$27K	$631K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6224	−0.055%	$66K	$528K	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	0.6231	+0.064%	$1.7M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0240%	1h	0.6223	−0.067%	$388	—	3x	as long as short
Hyperliquid PONS	+0.0312%	1h	0.6233	+0.101%	$63.8M	$30.7M	3x	as long as short
Lighter RH PONS	+0.0384%	1h	0.6237	+0.161%	$422K	$2.7M	3x	as long as short
OKX PONS-USDT-SWAPshort	+0.0413%	4h	0.6230	+0.048%	$14.4M	$60.7M	20x
Aster PONSUSDT	+0.0445%	4h	0.6231	+0.067%	$1.1M	$2.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0478%	4h	0.6234	+0.106%	$1.6M	$4.1M	20x	as long as short
Lighter PONS	+0.0496%	1h	0.6239	+0.193%	$1.7M	$868K	3x	as long as short
Variational Omni PONS	+0.0560%	4h	0.6185	−0.675%	$1.6M	$4.5M	—	as long as short
MEXC PONS_USDT	+0.0628%	4h	0.6239	+0.193%	$8.0M	$4.7M	20x	as long as short
Extended PONS-USD	+0.0632%	1h	0.6232	+0.087%	$105K	$826K	5x	as long as short
Binance PONSUSDT	+0.0641%	4h	0.6235	+0.128%	$40.8M	$104.4M	20x	as long as short
edgeX PONSUSDC	+0.0647%	4h	0.6188	−0.629%	$20K	$293K	10x	as long as short
Bitget PONSUSDT	+0.0724%	4h	0.6237	+0.159%	$5.0M	$13.2M	20x	as long as short
Pacifica PONS	+0.0853%	1h	0.6233	+0.097%	$47K	$78K	3x	as long as short
BloFin PONS-USDT	+0.0869%	4h	0.6199	−0.450%	$1.8M	$1.1M	20x	as long as short
Gate PONS_USDT	+0.0914%	4h	0.6218	−0.145%	$5.4M	$6.4M	20x	as long as short
BingX PONS-USDTlong	+0.1006%	4h	0.6227	long leg	—	$3.2M	—
Bybit PONSUSDT	+0.1030%	4h	0.6232	+0.080%	$18.8M	$33.2M	20x	as long as short
Phoenix PONS	+0.1714%	1h	0.6192	−0.562%	$47K	$159K	3x	as long as short