PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0540%/8h= +59.1% APRnext payment +$2.70 per $10,000 · paid last 24h −0.004%

Price spread now: Gate against MEXC−0.102%7-day average −0.062% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$600.600% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 3 days (all we have)−0.026%−$3 · spread now −0.102%, 7d avg −0.062%

Together, before fees−0.042%−$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.040% cheaper against MEXC than usual: you would sell low and buy high (spread −0.102% now, against its 7-day average of −0.062%). If the spread goes back, that is −$4 on $10k: about 6 hours of funding at the current rate (+$16 a day).

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.017% in total (about -0.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.70 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PONS_USDT	0.5869	0.0166	pay 0.0083% / 4h	2h 04m	$7.5M	$5.2M	20x
Short	Gate PONS_USDT	0.5863	0.0706	get 0.0353% / 4h	2h 04m	$5.1M	$6.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.102%Rate

Funding earned: $113.4
Price spread: −0.102% → −0.062%: −$3.98
Slippage, 4 orders: −$45.03
Fee MEXC: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $49.39
Costs to cover: 0.600%
Break-even: 4.0 days

Slippage from MEXC: live order book, 3 min ago; Gate: live order book, 4 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, 3 min ago	0.85 bp	3.4 bp −$3	11.8 bp −$118	320.6 bp −$32.1K	doesn't fit
Sell Gate live order book, 4 min ago	4.26 bp	25.7 bp −$26	61.8 bp −$618	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	0.5861	−0.130%	$215K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0066%	1h	0.5920	+0.862%	$609	$6K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5869	0.000%	$21K	$442K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5864	−0.085%	$17.5M	$31.9M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5866	−0.051%	$13.3M	$55.8M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5865	−0.075%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5868	−0.024%	$4.6M	$11.7M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5857	−0.200%	$1.3M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5874	+0.085%	$34K	$338K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5875	+0.095%	$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	0.5871	+0.031%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5865	−0.065%	$27K	$548K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5875	+0.095%	$63K	$505K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5865	−0.068%	$1.6M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0120%	1h	0.5868	−0.009%	$366	—	3x	as long as short
Nado PONS-PERP	+0.0128%	1h	0.5870	+0.017%	$89K	$103K	5x	as long as short
Aster PONSUSDT	+0.0149%	4h	0.5862	−0.117%	$1.1M	$2.2M	20x	as long as short
Binance PONSUSDT	+0.0164%	4h	0.5870	+0.012%	$38.1M	$98.3M	20x	as long as short
MEXC PONS_USDTlong	+0.0166%	4h	0.5869	long leg	$7.5M	$5.2M	20x
Extended PONS-USD	+0.0168%	1h	0.5868	−0.018%	$105K	$533K	5x	as long as short
BingX PONS-USDT	+0.0172%	4h	0.5867	−0.034%	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0173%	4h	0.5886	+0.297%	$21K	$292K	10x	as long as short
Polymarket Perps PONS-USD	+0.0373%	1h	0.5869	−0.007%	$37K	$1.8M	3x	as long as short
BloFin PONS-USDT	+0.0404%	4h	0.5863	−0.102%	$1.7M	$960K	20x	as long as short
Pacifica PONS	+0.0474%	1h	0.5866	−0.044%	$47K	$103K	3x	as long as short
Lighter RH PONS	+0.0480%	1h	0.5867	−0.036%	$415K	$2.6M	3x	as long as short
Hyperliquid PONS	+0.0519%	1h	0.5872	+0.046%	$58.9M	$30.0M	3x	as long as short
Gate PONS_USDTshort	+0.0706%	4h	0.5863	−0.102%	$5.1M	$6.8M	20x
Lighter PONS	+0.0944%	1h	0.5872	+0.046%	$1.7M	$900K	3x	as long as short
Phoenix PONS	+0.1275%	1h	0.5870	+0.020%	$30K	$86K	3x	as long as short