PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0513%/8h= −56.2% APRnext payment −$2.56 per $10,000 · paid last 24h −0.088%

Price spread now: Phemex against edgeX+0.054%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$170as in the Funding arb table

Net, price: spread back to 7d avg − costs−$119as in the Price arb table

costs, in and out, $10k−$1241.238% of the position

Long on edgeX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.462%−$46 on $10k

Price spread, last 4 days (all we have)+0.135%+$14 · spread now +0.054%, 7d avg +0.008%

Together, before fees−0.327%+ Points / potential airdropedgeX: Active · farm board−$33 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.047% dearer against edgeX than usual: you sell high and buy low (spread +0.054% now, against its 7-day average of +0.008%): +$5 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 7 days (−0.462% in total) that is about 17 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX PONSUSDC	0.6064	0.0613	pay 0.0306% / 4h	16m 37s	$18K	$293K	10x
Short	Phemex PONSUSDT	0.6067	0.0100	get 0.0050% / 4h	16m 37s	$1.7M	$3.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.054%Rate

Funding earned: −$107.71
Price spread: +0.054% → +0.008%: $4.67
Slippage, 4 orders: −$102.75
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$226.79
Costs to cover: 1.238%
Break-even: never at this rate

Slippage from edgeX: live order book, 41 min ago; Phemex: live order book, 2 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, 41 min ago	11.84 bp	20.4 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 2 min ago	0.83 bp	38.4 bp −$38	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 −0.0032%	1h	0.6064	+0.013%	$241K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.554%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6074	+0.170%	$21K	$435K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6054	−0.165%	$35K	$348K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6081	+0.287%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6078	+0.228%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6078	+0.234%	$26K	$534K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6078	+0.236%	$66K	$512K	20x	as long as short
Phemex PONSUSDTshort	+0.0100%	4h	0.6067	+0.054%	$1.7M	$3.2M	20x
Aevo PONS-PERP	+0.0232%	1h	0.6079	+0.244%	$379	—	3x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni PONS	+0.0241%	4h	0.6050	−0.220%	$1.4M	$4.0M	—	as long as short
Nado PONS-PERP	+0.0298%	1h	0.6076	+0.196%	$71K	$129K	5x	as long as short
OKX PONS-USDT-SWAP	+0.0334%	4h	0.6068	+0.071%	$13.8M	$55.8M	20x	as long as short
Gate PONS_USDT	+0.0382%	4h	0.6064	+0.005%	$5.3M	$6.3M	20x	as long as short
Lighter PONS	+0.0424%	1h	0.6077	+0.223%	$1.7M	$885K	3x	as long as short
Bitget PONSUSDT	+0.0482%	4h	0.6075	+0.185%	$4.7M	$11.5M	20x	as long as short
Bybit PONSUSDT	+0.0486%	4h	0.6067	+0.054%	$18.1M	$30.8M	20x	as long as short
Aster PONSUSDT	+0.0493%	4h	0.6077	+0.224%	$1.1M	$2.1M	20x	as long as short
Lighter RH PONS	+0.0536%	1h	0.6078	+0.242%	$415K	$2.5M	3x	as long as short
BingX PONS-USDT	+0.0578%	4h	0.6074	+0.170%	—	$3.0M	—	as long as short
MEXC PONS_USDT	+0.0606%	4h	0.6074	+0.170%	$7.7M	$4.7M	20x	as long as short
Binance PONSUSDT	+0.0607%	4h	0.6072	+0.137%	$39.7M	$95.2M	20x	as long as short
Extended PONS-USD	+0.0608%	1h	0.6071	+0.126%	$108K	$813K	5x	as long as short
edgeX PONSUSDClong	+0.0613%	4h	0.6064	long leg	$18K	$293K	10x
KuCoin PONSUSDTM	+0.0676%	4h	0.6073	+0.148%	$1.7M	$3.8M	20x	as long as short
Hyperliquid PONS	+0.0816%	1h	0.6077	+0.219%	$62.1M	$28.3M	3x	as long as short
BloFin PONS-USDT	+0.0847%	4h	0.6080	+0.269%	$1.7M	$965K	20x	as long as short
Pacifica PONS	+0.0859%	1h	0.6072	+0.143%	$48K	$67K	3x	as long as short
Polymarket Perps PONS-USD	+0.0893%	1h	0.6076	+0.200%	$73K	$1.6M	3x	as long as short
Phoenix PONS	+0.1736%	1h	0.6074	+0.172%	$31K	$104K	3x	as long as short