PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0068%/8h= −7.4% APRnext payment −$0.34 per $10,000 · paid last 24h −0.098%

Price spread now: Phemex against MEXC−0.218%7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$126as in the Funding arb table

Net, price: spread back to 7d avg − costs−$105as in the Price arb table

costs, in and out, $10k−$830.829% of the position

Long on MEXC Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.433%−$43 on $10k

Price spread, last 3 days (all we have)+0.331%+$33 · spread now −0.218%, 7d avg 0.000%

Together, before fees−0.103%−$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Phemex is 0.219% cheaper against MEXC than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of 0.000%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PONS_USDT	0.5952	0.0168	pay 0.0084% / 4h	1h 45m	$7.7M	$4.9M	20x
Short	Phemex PONSUSDT	0.5939	0.0100	get 0.0050% / 4h	1h 45m	$1.6M	$3.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.218%Rate

Funding earned: −$14.28
Price spread: −0.218% → 0.000%: −$21.85
Slippage, 4 orders: −$70.91
Fee MEXC: 0 bp × 2 orders: $0
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$119.04
Costs to cover: 0.829%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Phemex: 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	1.68 bp	4.3 bp −$4	12.7 bp −$127	374.0 bp −$37.4K	doesn't fit
Sell Phemex live order book, 3 min ago	0.84 bp	40.9 bp −$41	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 +0.0032% / S −0.0034%	1h	0.5935	−0.285%	$218K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5920	−0.544%	$609	$6K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5952	0.000%	$21K	$432K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5949	−0.050%	$17.8M	$31.6M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5950	−0.034%	$13.5M	$55.9M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5951	−0.015%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5954	+0.037%	$4.7M	$11.6M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5905	−0.790%	$1.3M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5942	−0.166%	$34K	$344K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5949	−0.050%	$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	0.5944	−0.138%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5945	−0.116%	$27K	$547K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5951	−0.012%	$64K	$505K	20x	as long as short
Phemex PONSUSDTshort	+0.0100%	4h	0.5939	−0.218%	$1.6M	$3.3M	20x
Aevo PONS-PERP	+0.0120%	1h	0.5944	−0.141%	$370	—	3x	as long as short
Aster PONSUSDT	+0.0143%	4h	0.5949	−0.057%	$1.1M	$2.2M	20x	as long as short
Extended PONS-USD	+0.0168%	1h	0.5950	−0.032%	$106K	$522K	5x	as long as short
MEXC PONS_USDTlong	+0.0168%	4h	0.5952	long leg	$7.7M	$4.9M	20x
Binance PONSUSDT	+0.0169%	4h	0.5953	+0.011%	$38.7M	$97.5M	20x	as long as short
BingX PONS-USDT	+0.0171%	4h	0.5947	−0.084%	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0184%	4h	0.5940	−0.203%	$21K	$294K	10x	as long as short
Nado PONS-PERP	+0.0193%	1h	0.5951	−0.017%	$90K	$103K	5x	as long as short
Lighter RH PONS	+0.0344%	1h	0.5949	−0.052%	$422K	$2.6M	3x	as long as short
BloFin PONS-USDT	+0.0404%	4h	0.5934	−0.302%	$1.7M	$975K	20x	as long as short
Pacifica PONS	+0.0451%	1h	0.5951	−0.015%	$47K	$104K	3x	as long as short
Polymarket Perps PONS-USD	+0.0499%	1h	0.5952	+0.008%	$37K	$1.7M	3x	as long as short
Hyperliquid PONS	+0.0613%	1h	0.5953	+0.010%	$59.9M	$30.0M	3x	as long as short
Lighter PONS	+0.0816%	1h	0.5948	−0.069%	$1.7M	$984K	3x	as long as short
Gate PONS_USDT	+0.1224%	4h	0.5943	−0.151%	$5.2M	$6.5M	20x	as long as short
Phoenix PONS	+0.1398%	1h	0.5931	−0.346%	$30K	$96K	3x	as long as short