PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0019%/8h= −2.1% APRnext payment −$0.10 per $10,000 · paid last 24h −0.043%

Price spread now: Aster against MEXC+0.007%7-day average −0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$290.286% of the position

Long on MEXC Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.330%−$33 on $10k

Price spread, last 3 days (all we have)+0.035%+$4 · spread now +0.007%, 7d avg −0.051%

Together, before fees−0.295%+ Points / potential airdropAster: Stage 5 · farm board−$29 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.059% dearer against MEXC than usual: you sell high and buy low (spread +0.007% now, against its 7-day average of −0.051%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 10 days. At the pace of the last 7 days (−0.330% in total) that is about 30 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PONS_USDT	0.5859	0.0168	pay 0.0084% / 4h	2h 06m	$7.5M	$5.2M	20x
Short	Aster PONSUSDT	0.5859	0.0149	get 0.0074% / 4h	2h 06m	$1.1M	$2.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against MEXC. 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 MEXCbpFee AsterbpOrdersPrice spread, now +0.007%Rate

Funding earned: −$4.05
Price spread: +0.007% → −0.051%: $5.88
Slippage, 4 orders: −$20.56
Fee MEXC: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$26.73
Costs to cover: 0.286%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Aster: live order book, 1 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 MEXC live order book, 1 min ago	0.85 bp	3.4 bp −$3	11.8 bp −$118	320.6 bp −$32.1K	doesn't fit
Sell Aster live order book, 1 min ago	3.58 bp	10.9 bp −$11	32.0 bp −$320	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	0.5862	+0.055%	$215K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0066%	1h	0.5920	+1.034%	$609	$6K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5865	+0.102%	$21K	$442K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5856	−0.051%	$17.5M	$31.9M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5857	−0.034%	$13.3M	$55.7M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5858	−0.010%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5861	+0.031%	$4.6M	$11.7M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5875	+0.271%	$1.3M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5887	+0.483%	$34K	$338K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5867	+0.133%	$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	0.5870	+0.183%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5860	+0.026%	$27K	$548K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5877	+0.307%	$63K	$505K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5859	0.000%	$1.6M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0120%	1h	0.5861	+0.043%	$365	—	3x	as long as short
Nado PONS-PERP	+0.0124%	1h	0.5868	+0.154%	$89K	$103K	5x	as long as short
Aster PONSUSDTshort	+0.0149%	4h	0.5859	+0.007%	$1.1M	$2.2M	20x
Binance PONSUSDT	+0.0167%	4h	0.5860	+0.017%	$38.1M	$98.3M	20x	as long as short
Extended PONS-USD	+0.0168%	1h	0.5859	+0.004%	$105K	$533K	5x	as long as short
MEXC PONS_USDTlong	+0.0168%	4h	0.5859	long leg	$7.5M	$5.2M	20x
edgeX PONSUSDC	+0.0173%	4h	0.5886	+0.468%	$21K	$292K	10x	as long as short
BingX PONS-USDT	+0.0180%	4h	0.5858	−0.017%	—	$3.1M	—	as long as short
Polymarket Perps PONS-USD	+0.0368%	1h	0.5864	+0.092%	$37K	$1.8M	3x	as long as short
BloFin PONS-USDT	+0.0407%	4h	0.5860	+0.017%	$1.7M	$959K	20x	as long as short
Pacifica PONS	+0.0474%	1h	0.5870	+0.191%	$47K	$103K	3x	as long as short
Lighter RH PONS	+0.0488%	1h	0.5860	+0.015%	$415K	$2.6M	3x	as long as short
Hyperliquid PONS	+0.0513%	1h	0.5863	+0.073%	$58.8M	$30.0M	3x	as long as short
Gate PONS_USDT	+0.0734%	4h	0.5858	−0.017%	$5.1M	$6.8M	20x	as long as short
Lighter PONS	+0.0952%	1h	0.5864	+0.089%	$1.7M	$900K	3x	as long as short
Phoenix PONS	+0.1275%	1h	0.5886	+0.468%	$30K	$86K	3x	as long as short