PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0127%/8h= −13.9% APRnext payment −$0.63 per $10,000 · paid last 24h +0.024%

Price spread now: Bybit against MEXC+0.016%7-day average −0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$440.438% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.099%−$10 on $10k

Price spread, last 4 days (all we have)−0.061%−$6 · spread now +0.016%, 7d avg −0.028%

Together, before fees−0.160%−$16 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.044% dearer against MEXC than usual: you sell high and buy low (spread +0.016% now, against its 7-day average of −0.028%): +$4 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 28 hours. At the pace of the last 7 days (−0.099% in total) that is about 3.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PONS_USDT	0.6065	0.0600	pay 0.0300% / 4h	20m 26s	$7.7M	$4.7M	20x
Short	Bybit PONSUSDT	0.6066	0.0473	get 0.0237% / 4h	20m 26s	$18.1M	$30.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.016%Rate

Funding earned: −$26.64
Price spread: +0.016% → −0.028%: $4.41
Slippage, 4 orders: −$32.82
Fee MEXC: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$66.05
Costs to cover: 0.438%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Bybit: live order book, 3 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	1.65 bp	2.9 bp −$3	10.0 bp −$100	269.5 bp −$27.0K	doesn't fit
Sell Bybit live order book, 3 min ago	2.49 bp	16.9 bp −$17	36.8 bp −$368	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	0.6053	−0.191%	$240K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.575%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6066	+0.016%	$21K	$435K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6027	−0.622%	$35K	$348K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6071	+0.107%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6055	−0.162%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6057	−0.132%	$26K	$534K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6057	−0.138%	$66K	$511K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6051	−0.231%	$1.7M	$3.2M	20x	as long as short
Gate PONS_USDT	+0.0220%	4h	0.6061	−0.066%	$5.3M	$6.3M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo PONS-PERP	+0.0232%	1h	0.6068	+0.054%	$378	—	3x	as long as short
Variational Omni PONS	+0.0241%	4h	0.6050	−0.241%	$1.4M	$4.0M	—	as long as short
Nado PONS-PERP	+0.0288%	1h	0.6069	+0.066%	$71K	$129K	5x	as long as short
OKX PONS-USDT-SWAP	+0.0332%	4h	0.6065	0.000%	$13.8M	$55.7M	20x	as long as short
Lighter PONS	+0.0368%	1h	0.6068	+0.054%	$1.7M	$884K	3x	as long as short
Bybit PONSUSDTshort	+0.0473%	4h	0.6066	+0.016%	$18.1M	$30.8M	20x
Bitget PONSUSDT	+0.0478%	4h	0.6070	+0.082%	$4.6M	$11.5M	20x	as long as short
Aster PONSUSDT	+0.0487%	4h	0.6067	+0.031%	$1.1M	$2.1M	20x	as long as short
Lighter RH PONS	+0.0528%	1h	0.6069	+0.064%	$411K	$2.5M	3x	as long as short
BingX PONS-USDT	+0.0570%	4h	0.6067	+0.033%	—	$3.0M	—	as long as short
Extended PONS-USD	+0.0600%	1h	0.6069	+0.068%	$108K	$813K	5x	as long as short
MEXC PONS_USDTlong	+0.0600%	4h	0.6065	long leg	$7.7M	$4.7M	20x
edgeX PONSUSDC	+0.0605%	4h	0.6041	−0.402%	$18K	$292K	10x	as long as short
Binance PONSUSDT	+0.0609%	4h	0.6067	+0.033%	$39.7M	$95.2M	20x	as long as short
KuCoin PONSUSDTM	+0.0670%	4h	0.6067	+0.033%	$1.7M	$3.8M	20x	as long as short
Hyperliquid PONS	+0.0796%	1h	0.6067	+0.038%	$62.0M	$28.2M	3x	as long as short
BloFin PONS-USDT	+0.0841%	4h	0.6060	−0.082%	$1.7M	$961K	20x	as long as short
Pacifica PONS	+0.0859%	1h	0.6070	+0.083%	$48K	$67K	3x	as long as short
Polymarket Perps PONS-USD	+0.0897%	1h	0.6067	+0.028%	$73K	$1.6M	3x	as long as short
Phoenix PONS	+0.1736%	1h	0.6049	−0.270%	$31K	$104K	3x	as long as short