PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0062%/8h= +6.8% APRnext payment +$0.31 per $10,000 · paid last 24h +0.098%

Price spread now: MEXC against Phemex+0.135%7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

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

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

Long on Phemex Short on MEXC

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)−0.247%−$25 · spread now +0.135%, 7d avg 0.000%

Together, before fees+0.187%+$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and MEXC is 0.135% dearer against Phemex than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex PONSUSDT	0.5939	0.0100	pay 0.0050% / 4h	1h 45m	$1.6M	$3.3M	20x
Short	MEXC PONS_USDT	0.5947	0.0162	get 0.0081% / 4h	1h 45m	$7.6M	$4.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.135%Rate

Funding earned: $13.02
Price spread: +0.135% → 0.000%: $13.48
Slippage, 4 orders: −$70.91
Fee Phemex: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$56.41
Costs to cover: 0.829%
Break-even: 37.3 days

Slippage from Phemex: live order book, 3 min ago; MEXC: live order book, 2 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, 3 min ago	0.84 bp	33.3 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	1.68 bp	4.4 bp −$4	15.9 bp −$159	418.7 bp −$41.9K	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	−0.067%	$218K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5920	−0.327%	$609	$6K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5942	+0.051%	$21K	$432K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5947	+0.135%	$17.8M	$31.6M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5950	+0.185%	$13.5M	$55.9M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5945	+0.094%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5950	+0.194%	$4.7M	$11.6M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5905	−0.573%	$1.3M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5928	−0.187%	$34K	$343K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5949	+0.168%	$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	+0.081%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5945	+0.103%	$27K	$547K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5951	+0.207%	$64K	$505K	20x	as long as short
Phemex PONSUSDTlong	+0.0100%	4h	0.5939	long leg	$1.6M	$3.3M	20x
Aevo PONS-PERP	+0.0120%	1h	0.5944	+0.078%	$370	—	3x	as long as short
Aster PONSUSDT	+0.0143%	4h	0.5947	+0.138%	$1.1M	$2.2M	20x	as long as short
MEXC PONS_USDTshort	+0.0162%	4h	0.5947	+0.135%	$7.6M	$4.9M	20x
Extended PONS-USD	+0.0168%	1h	0.5946	+0.118%	$106K	$522K	5x	as long as short
Binance PONSUSDT	+0.0169%	4h	0.5948	+0.152%	$38.7M	$97.7M	20x	as long as short
BingX PONS-USDT	+0.0172%	4h	0.5944	+0.084%	—	$3.1M	—	as long as short
Nado PONS-PERP	+0.0176%	1h	0.5944	+0.078%	$90K	$103K	5x	as long as short
edgeX PONSUSDC	+0.0188%	4h	0.5917	−0.363%	$21K	$293K	10x	as long as short
Lighter RH PONS	+0.0344%	1h	0.5944	+0.084%	$421K	$2.6M	3x	as long as short
BloFin PONS-USDT	+0.0404%	4h	0.5934	−0.084%	$1.7M	$975K	20x	as long as short
Pacifica PONS	+0.0451%	1h	0.5942	+0.055%	$47K	$104K	3x	as long as short
Polymarket Perps PONS-USD	+0.0480%	1h	0.5941	+0.042%	$37K	$1.7M	3x	as long as short
Hyperliquid PONS	+0.0604%	1h	0.5948	+0.160%	$59.9M	$30.0M	3x	as long as short
Lighter PONS	+0.0816%	1h	0.5945	+0.094%	$1.7M	$984K	3x	as long as short
Gate PONS_USDT	+0.1182%	4h	0.5941	+0.034%	$5.2M	$6.5M	20x	as long as short
Phoenix PONS	+0.1398%	1h	0.5931	−0.128%	$30K	$96K	3x	as long as short