PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0078%/8h= −8.5% APRnext payment −$0.39 per $10,000 · paid last 24h −0.032%

Price spread now: MEXC against BingX−0.065%7-day average −0.021% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$260.262% of the position

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.192%−$19 on $10k

Price spread, last 4 days (all we have)+0.132%+$13 · spread now −0.065%, 7d avg −0.021%

Together, before fees−0.060%−$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and MEXC is 0.044% cheaper against BingX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.021%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX PONS-USDT	0.6132	0.0668	pay 0.0334% / 4h	21m 17s	—	$3.2M	—
Short	MEXC PONS_USDT	0.6128	0.0590	get 0.0295% / 4h	21m 17s	$7.7M	$4.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against BingX. 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 BingXbpFee MEXCbpOrdersPrice spread, now −0.065%Rate

Funding earned: −$16.38
Price spread: −0.065% → −0.021%: −$4.4
Slippage, 4 orders: −$16.16
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$46.94
Costs to cover: 0.262%
Break-even: never at this rate

Slippage from BingX: live order book, 4 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 BingX live order book, 4 min ago	0.82 bp	9.1 bp −$9	10.6 bp −$106	162.3 bp −$16.2K	doesn't fit
Sell MEXC live order book, 2 min ago	0.81 bp	5.2 bp −$5	13.1 bp −$131	378.9 bp −$37.9K	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 −0.0029%	1h	0.6120	−0.203%	$233K	—	150x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6128	−0.065%	$22K	$455K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6125	−0.114%	$72K	$130K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6139	+0.113%	$30K	$300K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6133	+0.013%	$2K	$4K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6126	−0.104%	—	$1.2M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6126	−0.103%	$26K	$639K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6144	+0.194%	$66K	$536K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6131	−0.016%	$1.7M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0232%	1h	0.6129	−0.057%	$382	—	3x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PONS-USDT-SWAP	+0.0404%	4h	0.6125	−0.114%	$13.8M	$60.2M	20x	as long as short
Lighter RH PONS	+0.0448%	1h	0.6126	−0.096%	$415K	$2.7M	3x	as long as short
Lighter PONS	+0.0464%	1h	0.6128	−0.062%	$1.7M	$853K	3x	as long as short
Aster PONSUSDT	+0.0477%	4h	0.6127	−0.078%	$1.1M	$2.4M	20x	as long as short
Gate PONS_USDT	+0.0480%	4h	0.6125	−0.114%	$5.5M	$6.6M	20x	as long as short
Variational Omni PONS	+0.0493%	4h	0.6095	−0.597%	$1.5M	$4.2M	—	as long as short
KuCoin PONSUSDTM	+0.0544%	4h	0.6126	−0.093%	$1.6M	$4.0M	20x	as long as short
Pacifica PONS	+0.0572%	1h	0.6125	−0.111%	$46K	$69K	3x	as long as short
edgeX PONSUSDC	+0.0574%	4h	0.6138	+0.106%	$20K	$291K	10x	as long as short
MEXC PONS_USDTshort	+0.0590%	4h	0.6128	−0.065%	$7.7M	$4.8M	20x
Binance PONSUSDT	+0.0590%	4h	0.6132	0.000%	$39.8M	$105.0M	20x	as long as short
Extended PONS-USD	+0.0592%	1h	0.6126	−0.092%	$103K	$828K	5x	as long as short
Hyperliquid PONS	+0.0620%	1h	0.6128	−0.073%	$62.2M	$30.3M	3x	as long as short
Bybit PONSUSDT	+0.0651%	4h	0.6125	−0.114%	$18.2M	$32.9M	20x	as long as short
BingX PONS-USDTlong	+0.0668%	4h	0.6132	long leg	—	$3.2M	—
Bitget PONSUSDT	+0.0702%	4h	0.6130	−0.036%	$4.9M	$13.0M	20x	as long as short
BloFin PONS-USDT	+0.0830%	4h	0.6127	−0.082%	$1.8M	$1.0M	20x	as long as short
Polymarket Perps PONS-USD	+0.1042%	1h	0.6128	−0.073%	$73K	$2.3M	3x	as long as short
Injective PONS/USDC PERP	+0.1069%	1h	0.5938	−3.156%	$610	$10K	5.5x	as long as short
Phoenix PONS	+0.1405%	1h	0.6100	−0.525%	$46K	$127K	3x	as long as short