PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0241%/8h= −26.4% APRnext payment −$1.21 per $10,000 · paid last 24h −0.072%

Price spread now: MEXC against BloFin−0.081%79s7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$93as 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−$430.427% of the position

Long on BloFin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.504%−$50 on $10k

Price spread, last 4 days (all we have)−0.017%−$2 · spread now −0.081%, 7d avg −0.031%

Together, before fees−0.521%−$52 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and MEXC is 0.050% cheaper against BloFin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.031%). Swap the legs. The two prices were read 79 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	BloFin PONS-USDT	0.6159	0.0845	pay 0.0423% / 4h	11m 44s	$1.8M	$1.1M	20x
Short	MEXC PONS_USDT	0.6154	0.0604	get 0.0302% / 4h	11m 44s	$7.8M	$4.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against BloFin. 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 BloFinbpFee MEXCbpOrdersPrice spread, now −0.081%Rate

Funding earned: −$50.69
Price spread: −0.081% → −0.031%: −$4.98
Slippage, 4 orders: −$30.71
Fee BloFin: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$98.38
Costs to cover: 0.427%
Break-even: never at this rate

Slippage from BloFin: live order book, 1 min ago; MEXC: live order book, 1 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 BloFin live order book, 1 min ago	2.44 bp	16.6 bp −$17	39.2 bp −$392	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	2.44 bp	5.7 bp −$6	14.9 bp −$149	421.0 bp −$42.1K	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	0.6151	−0.130%	$234K	—	150x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6157	−0.032%	$22K	$455K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6157	−0.030%	$72K	$130K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6187	+0.458%	$31K	$299K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6162	+0.049%	$2K	$4K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6150	−0.146%	—	$1.2M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6153	−0.089%	$26K	$639K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6169	+0.169%	$67K	$536K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6150	−0.146%	$1.7M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0232%	1h	0.6159	−0.008%	$384	—	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	+0.0411%	4h	0.6149	−0.162%	$13.9M	$60.5M	20x	as long as short
Gate PONS_USDT	+0.0446%	4h	0.6151	−0.130%	$5.5M	$6.6M	20x	as long as short
Aster PONSUSDT	+0.0469%	4h	0.6153	−0.103%	$1.1M	$2.4M	20x	as long as short
Lighter PONS	+0.0504%	1h	0.6158	−0.024%	$1.7M	$858K	3x	as long as short
Variational Omni PONS	+0.0505%	4h	0.6176	+0.277%	$1.5M	$4.2M	—	as long as short
KuCoin PONSUSDTM	+0.0526%	4h	0.6155	−0.071%	$1.6M	$4.0M	20x	as long as short
Lighter RH PONS	+0.0536%	1h	0.6155	−0.070%	$415K	$2.7M	3x	as long as short
Pacifica PONS	+0.0572%	1h	0.6158	−0.020%	$46K	$77K	3x	as long as short
Hyperliquid PONS	+0.0588%	1h	0.6149	−0.154%	$62.7M	$30.5M	3x	as long as short
Extended PONS-USD	+0.0600%	1h	0.6153	−0.105%	$103K	$827K	5x	as long as short
Binance PONSUSDT	+0.0603%	4h	0.6156	−0.047%	$40.0M	$105.2M	20x	as long as short
MEXC PONS_USDTshort	+0.0604%	4h	0.6154	−0.081%	$7.8M	$4.8M	20x
edgeX PONSUSDC	+0.0608%	4h	0.6187	+0.452%	$20K	$292K	10x	as long as short
BingX PONS-USDT	+0.0666%	4h	0.6153	−0.097%	—	$3.2M	—	as long as short
Bybit PONSUSDT	+0.0668%	4h	0.6155	−0.065%	$18.4M	$33.0M	20x	as long as short
Bitget PONSUSDT	+0.0702%	4h	0.6154	−0.080%	$4.9M	$13.0M	20x	as long as short
BloFin PONS-USDTlong	+0.0845%	4h	0.6159	long leg	$1.8M	$1.1M	20x
Polymarket Perps PONS-USD	+0.1013%	1h	0.6156	−0.049%	$73K	$2.3M	3x	as long as short
Injective PONS/USDC PERP	+0.1069%	1h	0.5938	−3.580%	$610	$10K	5.5x	as long as short
Phoenix PONS	+0.1405%	1h	0.6159	−0.005%	$47K	$127K	3x	as long as short