PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0072%/8h= +7.9% APRnext payment +$0.36 per $10,000 · paid last 24h −0.018%

Price spread now: Bitget against MEXC+0.042%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$420.421% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.060%−$6 on $10k

Price spread, last 4 days (all we have)−0.033%−$3 · spread now +0.042%, 7d avg +0.029%

Together, before fees−0.093%−$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.029%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.060%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PONS_USDT	0.5897	0.0580	pay 0.0290% / 4h	1h 56m	$7.5M	$4.7M	20x
Short	Bitget PONSUSDT	0.5899	0.0652	get 0.0326% / 4h	1h 56m	$4.7M	$12.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.042%Rate

Funding earned: $15.12
Price spread: +0.042% → +0.029%: $1.36
Slippage, 4 orders: −$30.07
Fee MEXC: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$25.59
Costs to cover: 0.421%
Break-even: 18.8 days

Slippage from MEXC: live order book, 2 min ago; Bitget: 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 MEXC live order book, 2 min ago	0.85 bp	5.1 bp −$5	12.6 bp −$126	385.2 bp −$38.5K	doesn't fit
Sell Bitget live order book, 2 min ago	2.28 bp	17.4 bp −$17	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	0.5891	−0.099%	$234K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+1.229%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5898	+0.022%	$408K	$2.5M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5898	+0.017%	$21K	$421K	20x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5903	+0.102%	$2K	$3K	10x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5895	−0.034%	$69K	$131K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5913	+0.273%	$29K	$329K	5x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5904	+0.120%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5898	+0.014%	$25K	$589K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5913	+0.275%	$64K	$524K	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	0.5900	+0.051%	$1.6M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0224%	1h	0.5897	−0.002%	$367	—	3x	as long as short
Gate PONS_USDT	+0.0260%	4h	0.5897	0.000%	$5.2M	$6.3M	20x	as long as short
Hyperliquid PONS	+0.0284%	1h	0.5899	+0.041%	$59.9M	$29.6M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0430%	4h	0.5896	−0.017%	$13.3M	$55.6M	20x	as long as short
Polymarket Perps PONS-USD	+0.0449%	1h	0.5898	+0.017%	$91K	$1.9M	3x	as long as short
Aster PONSUSDT	+0.0475%	4h	0.5897	0.000%	$1.1M	$2.2M	20x	as long as short
Pacifica PONS	+0.0556%	1h	0.5899	+0.041%	$45K	$69K	3x	as long as short
Extended PONS-USD	+0.0576%	1h	0.5894	−0.050%	$101K	$811K	5x	as long as short
Binance PONSUSDT	+0.0579%	4h	0.5897	0.000%	$37.1M	$98.6M	20x	as long as short
MEXC PONS_USDTlong	+0.0580%	4h	0.5897	long leg	$7.5M	$4.7M	20x
edgeX PONSUSDC	+0.0599%	4h	0.5920	+0.386%	$20K	$293K	10x	as long as short
Variational Omni PONS	+0.0651%	4h	0.5917	+0.346%	$1.4M	$4.1M	—	as long as short
Bitget PONSUSDTshort	+0.0652%	4h	0.5899	+0.042%	$4.7M	$12.2M	20x
KuCoin PONSUSDTM	+0.0684%	4h	0.5898	+0.019%	$1.6M	$3.8M	20x	as long as short
Lighter PONS	+0.0792%	1h	0.5903	+0.107%	$1.6M	$822K	3x	as long as short
BloFin PONS-USDT	+0.0822%	4h	0.5905	+0.136%	$1.7M	$956K	20x	as long as short
BingX PONS-USDT	+0.0882%	4h	0.5896	−0.017%	—	$3.0M	—	as long as short
Bybit PONSUSDT	+0.0920%	4h	0.5894	−0.051%	$17.5M	$31.5M	20x	as long as short
Phoenix PONS	+0.1719%	1h	0.5909	+0.197%	$45K	$120K	3x	as long as short