PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0092%/8h= −10.1% APRnext payment −$0.46 per $10,000 · paid last 24h −0.103%

Price spread now: OKX against BingX+0.017%7-day average −0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$510.513% of the position

Long on BingX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.373%−$37 on $10k

Price spread, last 3 days (all we have)+0.001%$0 · spread now +0.017%, 7d avg −0.052%

Together, before fees−0.373%−$37 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.069% dearer against BingX than usual: you sell high and buy low (spread +0.017% now, against its 7-day average of −0.052%): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX PONS-USDT	0.5990	0.0192	pay 0.0096% / 4h	1h 18m	—	$3.1M	—
Short	OKX PONS-USDT-SWAP	0.5991	0.0100	get 0.0050% / 4h	1h 18m	$13.5M	$56.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.017%Rate

Funding earned: −$19.32
Price spread: +0.017% → −0.052%: $6.91
Slippage, 4 orders: −$31.3
Fee BingX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$63.71
Costs to cover: 0.513%
Break-even: never at this rate

Slippage from BingX: live order book, 6 min ago; OKX: live order book, 5 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, 6 min ago	2.50 bp	10.4 bp −$10	20.5 bp −$205	284.0 bp −$28.4K	doesn't fit
Sell OKX live order book, 5 min ago	0.83 bp	13.4 bp −$13	30.8 bp −$308	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 −0.0034%	1h	0.5984	−0.102%	$219K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.342%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5991	+0.017%	$20K	$438K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5989	−0.017%	$17.9M	$31.5M	20x	as long as short
OKX PONS-USDT-SWAPshort	+0.0100%	4h	0.5991	+0.017%	$13.5M	$56.3M	20x
KuCoin PONSUSDTM	+0.0100%	4h	0.5989	−0.008%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5994	+0.073%	$4.7M	$11.6M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5988	−0.038%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5993	+0.045%	$35K	$351K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5993	+0.052%	$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	0.5990	0.000%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5989	−0.020%	$27K	$548K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5993	+0.043%	$64K	$506K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5986	−0.067%	$1.7M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.5987	−0.050%	$373	—	3x	as long as short
Aster PONSUSDT	+0.0137%	4h	0.5987	−0.053%	$1.1M	$2.2M	20x	as long as short
Extended PONS-USD	+0.0184%	1h	0.5991	+0.019%	$248K	$667K	5x	as long as short
MEXC PONS_USDT	+0.0184%	4h	0.5991	+0.017%	$7.8M	$4.9M	20x	as long as short
Binance PONSUSDT	+0.0186%	4h	0.5992	+0.033%	$39.0M	$97.8M	20x	as long as short
BingX PONS-USDTlong	+0.0192%	4h	0.5990	long leg	—	$3.1M	—
edgeX PONSUSDC	+0.0192%	4h	0.5985	−0.087%	$21K	$293K	10x	as long as short
Nado PONS-PERP	+0.0220%	1h	0.5990	+0.004%	$91K	$103K	5x	as long as short
Lighter RH PONS	+0.0344%	1h	0.5990	+0.002%	$423K	$2.7M	3x	as long as short
BloFin PONS-USDT	+0.0426%	4h	0.5986	−0.067%	$1.7M	$981K	20x	as long as short
Pacifica PONS	+0.0451%	1h	0.5993	+0.047%	$47K	$96K	3x	as long as short
Polymarket Perps PONS-USD	+0.0491%	1h	0.5993	+0.050%	$37K	$1.7M	3x	as long as short
Hyperliquid PONS	+0.0685%	1h	0.5996	+0.102%	$60.6M	$30.1M	3x	as long as short
Lighter PONS	+0.0688%	1h	0.5990	+0.007%	$1.7M	$998K	3x	as long as short
Gate PONS_USDT	+0.1378%	4h	0.5987	−0.050%	$5.2M	$6.5M	20x	as long as short
Phoenix PONS	+0.1398%	1h	0.5991	+0.018%	$30K	$96K	3x	as long as short