PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0844%/8h= +92.4% APRnext payment +$4.22 per $10,000 · paid last 24h +0.129%

Price spread now: BingX against Phemex+0.067%7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$93as in the Price arb table

costs, in and out, $10k−$980.978% of the position

Long on Phemex Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.650%+$65 on $10k

Price spread, last 4 days (all we have)−0.238%−$24 · spread now +0.067%, 7d avg +0.020%

Together, before fees+0.412%+$41 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and BingX is 0.047% dearer against Phemex than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex PONSUSDT	0.6000	0.0100	pay 0.0050% / 4h	3h 23m	$1.7M	$3.2M	20x
Short	BingX PONS-USDT	0.6004	0.0944	get 0.0472% / 4h	3h 23m	—	$3.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Phemex. 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 PhemexbpFee BingXbpOrdersPrice spread, now +0.067%Rate

Funding earned: $177.24
Price spread: +0.067% → +0.020%: $4.68
Slippage, 4 orders: −$75.83
Fee Phemex: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: $84.09
Costs to cover: 0.978%
Break-even: 3.7 days

Slippage from Phemex: live order book, 6 min ago; BingX: live order book, 12 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 Phemex live order book, 6 min ago	3.31 bp	37.1 bp −$37	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 12 min ago	2.49 bp	12.8 bp −$13	38.5 bp −$385	152.4 bp −$15.2K	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	0.5996	−0.059%	$238K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.508%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6005	+0.083%	$21K	$417K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6008	+0.133%	$70K	$130K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6027	+0.445%	$35K	$342K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6010	+0.175%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6003	+0.047%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6002	+0.040%	$26K	$534K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6018	+0.307%	$65K	$512K	20x	as long as short
Phemex PONSUSDTlong	+0.0100%	4h	0.6000	long leg	$1.7M	$3.2M	20x

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH PONS	+0.0168%	1h	0.6005	+0.077%	$410K	$2.6M	3x	as long as short
Aevo PONS-PERP	+0.0240%	1h	0.6005	+0.075%	$374	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0362%	4h	0.6000	0.000%	$13.7M	$54.9M	20x	as long as short
Variational Omni PONS	+0.0441%	4h	0.6020	+0.340%	$1.5M	$3.9M	—	as long as short
Hyperliquid PONS	+0.0479%	1h	0.6001	+0.015%	$61.4M	$28.0M	3x	as long as short
Aster PONSUSDT	+0.0522%	4h	0.6000	+0.006%	$1.1M	$2.1M	20x	as long as short
Bitget PONSUSDT	+0.0536%	4h	0.6002	+0.040%	$4.6M	$11.5M	20x	as long as short
Lighter PONS	+0.0560%	1h	0.6006	+0.100%	$1.6M	$893K	3x	as long as short
Binance PONSUSDT	+0.0622%	4h	0.6003	+0.050%	$39.3M	$94.1M	20x	as long as short
Extended PONS-USD	+0.0624%	1h	0.6002	+0.039%	$108K	$808K	5x	as long as short
MEXC PONS_USDT	+0.0628%	4h	0.6003	+0.050%	$7.6M	$4.7M	20x	as long as short
edgeX PONSUSDC	+0.0645%	4h	0.6036	+0.603%	$18K	$292K	10x	as long as short
Polymarket Perps PONS-USD	+0.0709%	1h	0.6002	+0.042%	$71K	$1.6M	3x	as long as short
KuCoin PONSUSDTM	+0.0754%	4h	0.6003	+0.055%	$1.6M	$3.8M	20x	as long as short
BloFin PONS-USDT	+0.0862%	4h	0.6001	+0.017%	$1.7M	$956K	20x	as long as short
BingX PONS-USDTshort	+0.0944%	4h	0.6004	+0.067%	—	$3.0M	—
Bybit PONSUSDT	+0.0968%	4h	0.6001	+0.017%	$18.0M	$30.5M	20x	as long as short
Pacifica PONS	+0.1081%	1h	0.6008	+0.127%	$47K	$68K	3x	as long as short
Gate PONS_USDT	+0.1302%	4h	0.6000	0.000%	$5.3M	$6.2M	20x	as long as short
Phoenix PONS	+0.1586%	1h	0.6007	+0.115%	$45K	$109K	3x	as long as short