PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0140%/8h= +15.4% APRnext payment +$0.70 per $10,000 · paid last 24h +0.011%

Price spread now: BingX against edgeX−0.011%99s7-day average +0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as 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−$580.580% of the position

Long on edgeX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.162%+$16 on $10k

Price spread, last 4 days (all we have)−0.068%−$7 · spread now −0.011%, 7d avg +0.019%

Together, before fees+0.094%+ Points / potential airdropedgeX: Active · farm board+$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.030% cheaper against edgeX than usual: you would sell low and buy high (spread −0.011% now, against its 7-day average of +0.019%). If the spread goes back, that is −$3 on $10k: about 17 hours of funding at the current rate (+$4 a day). The two prices were read 99 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	edgeX PONSUSDC	0.6317	0.0564	pay 0.0282% / 4h	47m 44s	$18K	$295K	10x
Short	BingX PONS-USDT	0.6316	0.0705	get 0.0352% / 4h	47m 44s	—	$3.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against edgeX. 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 edgeXbpFee BingXbpOrdersPrice spread, now −0.011%Rate

Funding earned: $29.5
Price spread: −0.011% → +0.019%: −$2.96
Slippage, 4 orders: −$39.01
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee BingX: 5 bp × 2 orders: −$10
Net: −$31.48
Costs to cover: 0.580%
Break-even: 14.5 days

Slippage from edgeX: live order book, 58 min ago; BingX: live order book, 10 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 edgeX live order book, 58 min ago	11.06 bp	19.4 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 10 min ago	0.79 bp	10.4 bp −$10	33.0 bp −$330	134.4 bp −$13.4K	doesn't fit

PONS on 30 exchanges

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 +0.0031% / S −0.0029%	1h	0.6306	−0.171%	$248K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5938	−5.987%	$610	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6323	+0.100%	$21K	$396K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6324	+0.116%	$77K	$92K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6319	+0.043%	$32K	$285K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6318	+0.016%	$2K	$4K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6323	+0.099%	—	$826K	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6319	+0.029%	$27K	$595K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6302	−0.237%	$65K	$549K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6319	+0.037%	$1.7M	$3.2M	20x	as long as short

Show all 30 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo PONS-PERP	+0.0216%	1h	0.6237	−1.262%	$389	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0261%	4h	0.6319	+0.037%	$14.0M	$59.4M	20x	as long as short
Aster PONSUSDT	+0.0405%	4h	0.6318	+0.026%	$1.2M	$2.1M	20x	as long as short
Hyperliquid PONS	+0.0439%	1h	0.6319	+0.032%	$64.6M	$29.4M	3x	as long as short
Lighter RH PONS	+0.0448%	1h	0.6321	+0.061%	$459K	$2.6M	3x	as long as short
Pacifica PONS	+0.0517%	1h	0.6319	+0.034%	$46K	$73K	3x	as long as short
KuCoin PONSUSDTM	+0.0520%	4h	0.6322	+0.088%	$1.8M	$4.3M	20x	as long as short
Binance PONSUSDT	+0.0544%	4h	0.6325	+0.132%	$40.8M	$98.2M	20x	as long as short
Extended PONS-USD	+0.0544%	1h	0.6324	+0.112%	$182K	$849K	5x	as long as short
MEXC PONS_USDT	+0.0550%	4h	0.6324	+0.116%	$7.7M	$4.5M	20x	as long as short
edgeX PONSUSDClong	+0.0564%	4h	0.6317	long leg	$18K	$295K	10x
Variational Omni PONS	+0.0573%	4h	0.6319	+0.034%	$1.5M	$3.8M	—	as long as short
Gate PONS_USDT	+0.0578%	4h	0.6313	−0.058%	$5.4M	$6.5M	20x	as long as short
Polymarket Perps PONS-USD	+0.0606%	1h	0.6317	+0.008%	$103K	$2.0M	3x	as long as short
Bitget PONSUSDT	+0.0682%	4h	0.6322	+0.081%	$5.0M	$13.1M	20x	as long as short
BingX PONS-USDTshort	+0.0705%	4h	0.6316	−0.011%	—	$3.1M	—
Bybit PONSUSDT	+0.0748%	4h	0.6319	+0.037%	$19.0M	$31.4M	20x	as long as short
BloFin PONS-USDT	+0.0790%	4h	0.6295	−0.343%	$1.8M	$1.1M	20x	as long as short
Lighter PONS	+0.0816%	1h	0.6323	+0.099%	$1.8M	$848K	3x	as long as short
Phoenix PONS	+0.1439%	1h	0.6328	+0.173%	$48K	$153K	3x	as long as short