PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0086%/8h= −9.4% APRnext payment −$0.43 per $10,000 · paid last 24h −0.159%

Price spread now: Phemex against BingX+0.017%7-day average −0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$156as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$930.932% of the position

Long on BingX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.630%−$63 on $10k

Price spread, last 3 days (all we have)+0.155%+$15 · spread now +0.017%, 7d avg −0.024%

Together, before fees−0.476%−$48 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.040% dearer against BingX than usual: you sell high and buy low (spread +0.017% now, against its 7-day average of −0.024%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 37 hours. At the pace of the last 7 days (−0.630% in total) that is about 11 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX PONS-USDT	0.5981	0.0186	pay 0.0093% / 4h	1h 14m	—	$3.1M	—
Short	Phemex PONSUSDT	0.5982	0.0100	get 0.0050% / 4h	1h 14m	$1.7M	$3.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.017%Rate

Funding earned: −$18.06
Price spread: +0.017% → −0.024%: $4.03
Slippage, 4 orders: −$71.18
Fee BingX: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$107.21
Costs to cover: 0.932%
Break-even: never at this rate

Slippage from BingX: live order book, just now; Phemex: 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 BingX live order book, just now	0.84 bp	10.7 bp −$11	34.8 bp −$348	420.8 bp −$42.1K	doesn't fit
Sell Phemex live order book, 5 min ago	2.50 bp	39.9 bp −$40	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 +0.0033% / S −0.0036%	1h	0.5977	−0.069%	$224K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.192%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5994	+0.217%	$20K	$439K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5983	+0.033%	$17.9M	$31.6M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5984	+0.050%	$13.5M	$56.2M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5986	+0.089%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5988	+0.125%	$4.6M	$11.6M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5983	+0.038%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5997	+0.259%	$35K	$351K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5990	+0.155%	$3K	$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	0.5998	+0.284%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5985	+0.060%	$27K	$545K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5997	+0.259%	$64K	$506K	20x	as long as short
Phemex PONSUSDTshort	+0.0100%	4h	0.5982	+0.017%	$1.7M	$3.3M	20x
Aster PONSUSDT	+0.0127%	4h	0.5984	+0.042%	$1.1M	$2.2M	20x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.5985	+0.067%	$373	—	3x	as long as short
Extended PONS-USD	+0.0176%	1h	0.5986	+0.080%	$248K	$667K	5x	as long as short
Binance PONSUSDT	+0.0180%	4h	0.5987	+0.100%	$38.9M	$97.7M	20x	as long as short
MEXC PONS_USDT	+0.0184%	4h	0.5986	+0.084%	$7.8M	$4.9M	20x	as long as short
BingX PONS-USDTlong	+0.0186%	4h	0.5981	long leg	—	$3.1M	—
edgeX PONSUSDC	+0.0198%	4h	0.5990	+0.150%	$21K	$294K	10x	as long as short
Nado PONS-PERP	+0.0216%	1h	0.5994	+0.224%	$91K	$103K	5x	as long as short
Lighter RH PONS	+0.0288%	1h	0.5987	+0.094%	$423K	$2.7M	3x	as long as short
BloFin PONS-USDT	+0.0425%	4h	0.5988	+0.117%	$1.7M	$981K	20x	as long as short
Pacifica PONS	+0.0451%	1h	0.5991	+0.175%	$47K	$96K	3x	as long as short
Polymarket Perps PONS-USD	+0.0487%	1h	0.5994	+0.212%	$37K	$1.7M	3x	as long as short
Lighter PONS	+0.0648%	1h	0.5986	+0.084%	$1.7M	$999K	3x	as long as short
Hyperliquid PONS	+0.0686%	1h	0.5991	+0.164%	$60.6M	$30.2M	3x	as long as short
Phoenix PONS	+0.1398%	1h	0.5990	+0.149%	$30K	$96K	3x	as long as short
Gate PONS_USDT	+0.1436%	4h	0.5983	+0.033%	$5.2M	$6.5M	20x	as long as short