PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.5% APRnext payment +$0.02 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Binance−0.083%7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$370.366% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 3 days (all we have)+0.066%+$7 · spread now −0.083%, 7d avg −0.001%

Together, before fees+0.065%+$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.083% cheaper against Binance than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PONSUSDT	0.5993	0.0180	pay 0.0090% / 4h	1h 14m	$39.0M	$97.7M	20x
Short	MEXC PONS_USDT	0.5988	0.0184	get 0.0092% / 4h	1h 14m	$7.8M	$4.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.083%Rate

Funding earned: $0.87
Price spread: −0.083% → −0.001%: −$8.28
Slippage, 4 orders: −$26.55
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$43.96
Costs to cover: 0.366%
Break-even: 359.3 days

Slippage from Binance: live order book, 13 min ago; MEXC: 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 Binance live order book, 13 min ago	0.84 bp	13.4 bp −$13	55.7 bp −$557	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	1.67 bp	3.6 bp −$4	11.3 bp −$113	307.0 bp −$30.7K	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 −0.0036%	1h	0.5975	−0.304%	$224K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.392%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5994	+0.017%	$20K	$439K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5987	−0.100%	$17.9M	$31.6M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5987	−0.100%	$13.6M	$56.2M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5994	+0.008%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5994	+0.008%	$4.7M	$11.6M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5983	−0.163%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5997	+0.058%	$35K	$351K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5986	−0.115%	$3K	$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	0.5985	−0.142%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5983	−0.162%	$27K	$545K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5987	−0.108%	$64K	$506K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5980	−0.217%	$1.7M	$3.3M	20x	as long as short
Aster PONSUSDT	+0.0127%	4h	0.5985	−0.131%	$1.1M	$2.2M	20x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.5982	−0.184%	$373	—	3x	as long as short
Binance PONSUSDTlong	+0.0180%	4h	0.5993	long leg	$39.0M	$97.7M	20x
Extended PONS-USD	+0.0184%	1h	0.5994	+0.010%	$248K	$667K	5x	as long as short
MEXC PONS_USDTshort	+0.0184%	4h	0.5988	−0.083%	$7.8M	$4.9M	20x
BingX PONS-USDT	+0.0186%	4h	0.5988	−0.083%	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0198%	4h	0.5990	−0.050%	$21K	$294K	10x	as long as short
Nado PONS-PERP	+0.0216%	1h	0.5994	+0.023%	$91K	$103K	5x	as long as short
Lighter RH PONS	+0.0304%	1h	0.5987	−0.108%	$423K	$2.7M	3x	as long as short
BloFin PONS-USDT	+0.0425%	4h	0.5988	−0.083%	$1.7M	$981K	20x	as long as short
Pacifica PONS	+0.0451%	1h	0.5991	−0.025%	$47K	$96K	3x	as long as short
Polymarket Perps PONS-USD	+0.0487%	1h	0.5994	+0.012%	$37K	$1.7M	3x	as long as short
Lighter PONS	+0.0640%	1h	0.5990	−0.057%	$1.7M	$999K	3x	as long as short
Hyperliquid PONS	+0.0688%	1h	0.5990	−0.042%	$60.6M	$30.2M	3x	as long as short
Phoenix PONS	+0.1398%	1h	0.5990	−0.052%	$30K	$96K	3x	as long as short
Gate PONS_USDT	+0.1436%	4h	0.5986	−0.117%	$5.2M	$6.5M	20x	as long as short