PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0013%/8h= −1.4% APRnext payment −$0.06 per $10,000 · paid last 24h +0.004%

Price spread now: edgeX against Binance−0.557%100s7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$690.691% of the position

Long on Binance Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$3 on $10k

Price spread, last 4 days (all we have)+0.707%+$71 · spread now −0.557%, 7d avg +0.001%

Together, before fees+0.732%+ Points / potential airdropedgeX: Active · farm board+$73 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and edgeX is 0.558% cheaper against Binance than usual: you would sell low and buy high (−$56 if the spread goes back to its 7-day average of +0.001%). Swap the legs. The two prices were read 100 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PONSUSDT	0.6046	0.0601	pay 0.0301% / 4h	23m 57s	$39.6M	$95.1M	20x
Short	edgeX PONSUSDC	0.6012	0.0588	get 0.0294% / 4h	23m 57s	$18K	$292K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Binance. 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 BinancebpFee edgeXbpOrdersPrice spread, now −0.557%Rate

Funding earned: −$2.68
Price spread: −0.557% → +0.001%: −$55.81
Slippage, 4 orders: −$50.09
Fee Binance: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$127.58
Costs to cover: 0.691%
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; edgeX: live order book, 34 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 Binance live order book, 4 min ago	0.83 bp	13.8 bp −$14	49.1 bp −$491	doesn't fit	doesn't fit
Sell edgeX live order book, 34 min ago	11.84 bp	22.0 bp −$22	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 −0.0032%	1h	0.6027	−0.304%	$239K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.263%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6036	−0.163%	$20K	$435K	20x	as long as short
Gate PONS_USDT	+0.0100%	4h	0.6033	−0.213%	$5.3M	$6.3M	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6000	−0.750%	$34K	$348K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6042	−0.061%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6046	+0.006%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6038	−0.123%	$26K	$533K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6060	+0.242%	$66K	$512K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6033	−0.213%	$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
Aevo PONS-PERP	+0.0224%	1h	0.6040	−0.089%	$376	—	3x	as long as short
Variational Omni PONS	+0.0242%	4h	0.6026	−0.322%	$1.4M	$4.0M	—	as long as short
Nado PONS-PERP	+0.0279%	1h	0.6036	−0.155%	$71K	$129K	5x	as long as short
Lighter PONS	+0.0288%	1h	0.6041	−0.085%	$1.7M	$884K	3x	as long as short
OKX PONS-USDT-SWAP	+0.0323%	4h	0.6050	+0.068%	$13.8M	$55.5M	20x	as long as short
Lighter RH PONS	+0.0448%	1h	0.6041	−0.085%	$409K	$2.5M	3x	as long as short
Bybit PONSUSDT	+0.0461%	4h	0.6049	+0.052%	$18.0M	$30.8M	20x	as long as short
Aster PONSUSDT	+0.0473%	4h	0.6043	−0.052%	$1.1M	$2.1M	20x	as long as short
Bitget PONSUSDT	+0.0474%	4h	0.6054	+0.138%	$4.6M	$11.5M	20x	as long as short
BingX PONS-USDT	+0.0542%	4h	0.6051	+0.085%	—	$3.0M	—	as long as short
MEXC PONS_USDT	+0.0586%	4h	0.6046	+0.002%	$7.7M	$4.7M	20x	as long as short
edgeX PONSUSDCshort	+0.0588%	4h	0.6012	−0.557%	$18K	$292K	10x
Extended PONS-USD	+0.0600%	1h	0.6043	−0.055%	$108K	$812K	5x	as long as short
Binance PONSUSDTlong	+0.0601%	4h	0.6046	long leg	$39.6M	$95.1M	20x
KuCoin PONSUSDTM	+0.0654%	4h	0.6041	−0.072%	$1.7M	$3.8M	20x	as long as short
Hyperliquid PONS	+0.0772%	1h	0.6043	−0.046%	$61.8M	$28.2M	3x	as long as short
BloFin PONS-USDT	+0.0827%	4h	0.6041	−0.080%	$1.7M	$956K	20x	as long as short
Pacifica PONS	+0.0859%	1h	0.6042	−0.063%	$48K	$67K	3x	as long as short
Polymarket Perps PONS-USD	+0.0909%	1h	0.6036	−0.160%	$73K	$1.6M	3x	as long as short
Phoenix PONS	+0.1736%	1h	0.6020	−0.431%	$31K	$104K	3x	as long as short