PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0180%/8h= +19.7% APRnext payment +$0.90 per $10,000 · paid last 24h +0.059%

Price spread now: edgeX against OKX+1.366%7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs+$69as in the Price arb table

costs, in and out, $10k−$660.656% of the position

Long on OKX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.206%+$21 on $10k

Price spread, last 3 days (all we have)−1.338%−$134 · spread now +1.366%, 7d avg +0.024%

Together, before fees−1.131%+ Points / potential airdropedgeX: Active · farm board−$113 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and edgeX is 1.342% dearer against OKX than usual: you sell high and buy low: +$134 more if the spread goes back to its 7-day average of +0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX PONS-USDT-SWAP	0.6056	0.0229	pay 0.0115% / 4h	3h 03m	$13.9M	$55.9M	20x
Short	edgeX PONSUSDC	0.6139	0.0409	get 0.0205% / 4h	3h 03m	$21K	$292K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against OKX. 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 OKXbpFee edgeXbpOrdersPrice spread, now +1.366%Rate

Funding earned: $37.8
Price spread: +1.366% → +0.024%: $134.18
Slippage, 4 orders: −$46.58
Fee OKX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $106.4
Costs to cover: 0.656%
Break-even: from the start

Slippage from OKX: live order book, 6 min ago; edgeX: live order book, 5 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 OKX live order book, 6 min ago	1.63 bp	11.2 bp −$11	25.3 bp −$253	doesn't fit	doesn't fit
Sell edgeX live order book, 5 min ago	13.02 bp	21.3 bp −$21	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 −0.0033%	1h	0.6062	+0.093%	$240K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.428%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6074	+0.297%	$20K	$414K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6105	+0.815%	$1.4M	$4.2M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6065	+0.145%	$33K	$356K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6076	+0.324%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6070	+0.233%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6066	+0.172%	$26K	$533K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6092	+0.588%	$65K	$510K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6058	+0.033%	$1.7M	$3.2M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH PONS	+0.0120%	1h	0.6062	+0.097%	$426K	$2.6M	3x	as long as short
Aevo PONS-PERP	+0.0176%	1h	0.6069	+0.206%	$378	—	3x	as long as short
OKX PONS-USDT-SWAPlong	+0.0229%	4h	0.6056	long leg	$13.9M	$55.9M	20x
KuCoin PONSUSDTM	+0.0232%	4h	0.6069	+0.208%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0290%	4h	0.6060	+0.071%	$4.7M	$11.3M	20x	as long as short
Aster PONSUSDT	+0.0326%	4h	0.6069	+0.218%	$1.1M	$2.0M	20x	as long as short
MEXC PONS_USDT	+0.0388%	4h	0.6059	+0.050%	$7.9M	$4.9M	20x	as long as short
Binance PONSUSDT	+0.0397%	4h	0.6061	+0.089%	$39.9M	$96.0M	20x	as long as short
Extended PONS-USD	+0.0400%	1h	0.6066	+0.159%	$252K	$676K	5x	as long as short
edgeX PONSUSDCshort	+0.0409%	4h	0.6139	+1.366%	$21K	$292K	10x
Lighter PONS	+0.0448%	1h	0.6068	+0.198%	$1.7M	$946K	3x	as long as short
Bybit PONSUSDT	+0.0569%	4h	0.6053	−0.050%	$18.3M	$30.8M	20x	as long as short
BingX PONS-USDT	+0.0589%	4h	0.6060	+0.066%	—	$3.1M	—	as long as short
Nado PONS-PERP	+0.0597%	1h	0.6075	+0.311%	$105K	$115K	5x	as long as short
BloFin PONS-USDT	+0.0637%	4h	0.6059	+0.050%	$1.7M	$984K	20x	as long as short
Pacifica PONS	+0.0665%	1h	0.6072	+0.260%	$48K	$78K	3x	as long as short
Polymarket Perps PONS-USD	+0.0798%	1h	0.6072	+0.271%	$46K	$1.6M	3x	as long as short
Hyperliquid PONS	+0.0854%	1h	0.6073	+0.284%	$61.8M	$28.9M	3x	as long as short
Gate PONS_USDT	+0.1416%	4h	0.6068	+0.198%	$5.3M	$6.2M	20x	as long as short
Phoenix PONS	+0.1608%	1h	0.6089	+0.548%	$32K	$113K	3x	as long as short