PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0013%/8h= −1.4% APRnext payment −$0.06 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against MEXC−0.051%7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$340.335% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.037%+$4 · spread now −0.051%, 7d avg +0.001%

Together, before fees+0.038%+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Binance is 0.051% cheaper against MEXC than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.001%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PONS_USDT	0.5919	0.0492	pay 0.0246% / 4h	1h 02m	$7.6M	$4.8M	20x
Short	Binance PONSUSDT	0.5916	0.0479	get 0.0240% / 4h	1h 02m	$37.2M	$98.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against MEXC. 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 MEXCbpFee BinancebpOrdersPrice spread, now −0.051%Rate

Funding earned: −$2.71
Price spread: −0.051% → +0.001%: −$5.14
Slippage, 4 orders: −$23.55
Fee MEXC: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$41.4
Costs to cover: 0.335%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; Binance: live order book, 10 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 MEXC live order book, 5 min ago	0.84 bp	4.9 bp −$5	12.6 bp −$126	343.1 bp −$34.3K	doesn't fit
Sell Binance live order book, 10 min ago	0.85 bp	11.7 bp −$12	40.2 bp −$402	217.5 bp −$21.8K	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 −0.0030%	1h	0.5918	−0.021%	$242K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5938	+0.329%	$610	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5919	−0.002%	$410K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5921	+0.034%	$22K	$420K	20x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5926	+0.117%	$2K	$3K	10x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5917	−0.026%	$69K	$130K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5940	+0.350%	$29K	$308K	5x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5923	+0.069%	—	$1.2M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5919	−0.003%	$26K	$581K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5917	−0.035%	$64K	$525K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex PONSUSDT	+0.0100%	4h	0.5913	−0.101%	$1.6M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0200%	1h	0.5920	+0.015%	$369	—	3x	as long as short
Hyperliquid PONS	+0.0309%	1h	0.5920	+0.012%	$60.1M	$29.5M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0413%	4h	0.5911	−0.135%	$13.4M	$55.2M	20x	as long as short
Aster PONSUSDT	+0.0455%	4h	0.5917	−0.029%	$1.1M	$2.2M	20x	as long as short
Binance PONSUSDTshort	+0.0479%	4h	0.5916	−0.051%	$37.2M	$98.0M	20x
Extended PONS-USD	+0.0480%	1h	0.5916	−0.045%	$101K	$806K	5x	as long as short
MEXC PONS_USDTlong	+0.0492%	4h	0.5919	long leg	$7.6M	$4.8M	20x
edgeX PONSUSDC	+0.0501%	4h	0.5946	+0.452%	$20K	$290K	10x	as long as short
Variational Omni PONS	+0.0548%	4h	0.5964	+0.768%	$1.4M	$4.1M	—	as long as short
Pacifica PONS	+0.0556%	1h	0.5918	−0.019%	$45K	$68K	3x	as long as short
KuCoin PONSUSDTM	+0.0590%	4h	0.5919	−0.003%	$1.6M	$3.8M	20x	as long as short
Bybit PONSUSDT	+0.0646%	4h	0.5912	−0.118%	$17.5M	$31.2M	20x	as long as short
BingX PONS-USDT	+0.0654%	4h	0.5914	−0.084%	—	$3.0M	—	as long as short
Polymarket Perps PONS-USD	+0.0654%	1h	0.5922	+0.051%	$85K	$1.9M	3x	as long as short
Gate PONS_USDT	+0.0674%	4h	0.5924	+0.084%	$5.3M	$6.4M	20x	as long as short
Bitget PONSUSDT	+0.0680%	4h	0.5919	−0.005%	$4.7M	$12.2M	20x	as long as short
BloFin PONS-USDT	+0.0719%	4h	0.5919	0.000%	$1.7M	$939K	20x	as long as short
Lighter PONS	+0.0872%	1h	0.5923	+0.068%	$1.6M	$832K	3x	as long as short
Phoenix PONS	+0.1472%	1h	0.5934	+0.258%	$45K	$127K	3x	as long as short