PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0340%/8h= −37.3% APRnext payment −$1.70 per $10,000 · paid last 24h −0.017%

Price spread now: MEXC against Bybit+0.033%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$430.431% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.101%+$10 on $10k

Price spread, last 4 days (all we have)+0.020%+$2 · spread now +0.033%, 7d avg +0.027%

Together, before fees+0.121%+$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.027%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.101%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.101% in total (about 5.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.70 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit PONSUSDT	0.6007	0.0968	pay 0.0484% / 4h	3h 23m	$18.0M	$30.5M	20x
Short	MEXC PONS_USDT	0.6009	0.0628	get 0.0314% / 4h	3h 23m	$7.6M	$4.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bybit. 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 BybitbpFee MEXCbpOrdersPrice spread, now +0.033%Rate

Funding earned: −$71.49
Price spread: +0.033% → +0.027%: $0.6
Slippage, 4 orders: −$32.07
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 0 bp × 2 orders: $0
Net: −$113.96
Costs to cover: 0.431%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; MEXC: live order book, 4 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 Bybit live order book, 5 min ago	0.83 bp	15.5 bp −$15	34.2 bp −$342	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.83 bp	7.0 bp −$7	16.5 bp −$165	410.8 bp −$41.1K	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 +0.0033% / S −0.0032%	1h	0.5994	−0.218%	$238K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.624%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6005	−0.033%	$21K	$417K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6002	−0.076%	$70K	$130K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6027	+0.328%	$35K	$342K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6009	+0.035%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6002	−0.083%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6000	−0.112%	$26K	$534K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6024	+0.280%	$65K	$512K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5997	−0.166%	$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
Lighter RH PONS	+0.0168%	1h	0.6007	0.000%	$410K	$2.6M	3x	as long as short
Aevo PONS-PERP	+0.0240%	1h	0.6004	−0.058%	$374	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0362%	4h	0.6004	−0.050%	$13.7M	$54.9M	20x	as long as short
Variational Omni PONS	+0.0441%	4h	0.6020	+0.223%	$1.5M	$3.9M	—	as long as short
Hyperliquid PONS	+0.0479%	1h	0.6009	+0.032%	$61.4M	$28.0M	3x	as long as short
Aster PONSUSDT	+0.0522%	4h	0.6006	−0.008%	$1.1M	$2.1M	20x	as long as short
Bitget PONSUSDT	+0.0536%	4h	0.6010	+0.055%	$4.6M	$11.5M	20x	as long as short
Lighter PONS	+0.0560%	1h	0.6008	+0.010%	$1.6M	$893K	3x	as long as short
Binance PONSUSDT	+0.0622%	4h	0.6008	+0.017%	$39.3M	$94.1M	20x	as long as short
MEXC PONS_USDTshort	+0.0628%	4h	0.6009	+0.033%	$7.6M	$4.7M	20x
Extended PONS-USD	+0.0632%	1h	0.6006	−0.011%	$108K	$808K	5x	as long as short
edgeX PONSUSDC	+0.0645%	4h	0.6036	+0.486%	$18K	$292K	10x	as long as short
Polymarket Perps PONS-USD	+0.0706%	1h	0.6006	−0.020%	$71K	$1.6M	3x	as long as short
KuCoin PONSUSDTM	+0.0754%	4h	0.6003	−0.062%	$1.6M	$3.8M	20x	as long as short
BloFin PONS-USDT	+0.0871%	4h	0.6012	+0.083%	$1.7M	$958K	20x	as long as short
BingX PONS-USDT	+0.0944%	4h	0.6009	+0.033%	—	$3.0M	—	as long as short
Bybit PONSUSDTlong	+0.0968%	4h	0.6007	long leg	$18.0M	$30.5M	20x
Pacifica PONS	+0.1081%	1h	0.6008	+0.011%	$47K	$68K	3x	as long as short
Gate PONS_USDT	+0.1302%	4h	0.6006	−0.017%	$5.3M	$6.2M	20x	as long as short
Phoenix PONS	+0.1586%	1h	0.6044	+0.609%	$46K	$109K	3x	as long as short