PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0006%/8h= +0.7% APRnext payment +$0.03 per $10,000 · paid last 24h +0.061%

Price spread now: BingX against MEXC0.000%7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$6as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$260.260% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.197%+$20 on $10k

Price spread, last 3 days (all we have)−0.070%−$7 · spread now 0.000%, 7d avg +0.022%

Together, before fees+0.127%+$13 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.022% cheaper against MEXC than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC PONS_USDT	0.5871	0.0164	pay 0.0082% / 4h	2h 04m	$7.5M	$5.2M	20x
Short	BingX PONS-USDT	0.5871	0.0170	get 0.0085% / 4h	2h 04m	—	$3.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $1.26
Price spread: 0.000% → +0.022%: −$2.17
Slippage, 4 orders: −$15.98
Fee MEXC: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$26.89
Costs to cover: 0.260%
Break-even: 156.4 days

Slippage from MEXC: live order book, 4 min ago; BingX: live order book, 15 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, 4 min ago	0.85 bp	3.4 bp −$3	11.8 bp −$118	320.6 bp −$32.1K	doesn't fit
Sell BingX live order book, 15 min ago	0.85 bp	12.3 bp −$12	29.7 bp −$297	116.7 bp −$11.7K	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 −0.0034%	1h	0.5866	−0.089%	$215K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0066%	1h	0.5920	+0.828%	$609	$6K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5870	−0.017%	$21K	$442K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5880	+0.153%	$17.6M	$31.9M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5877	+0.102%	$13.3M	$55.9M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5868	−0.058%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5877	+0.094%	$4.6M	$11.7M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5857	−0.234%	$1.3M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5874	+0.051%	$34K	$338K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5879	+0.136%	$2K	$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	0.5874	+0.051%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5879	+0.129%	$27K	$547K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5878	+0.123%	$63K	$505K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5874	+0.051%	$1.6M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0120%	1h	0.5874	+0.057%	$366	—	3x	as long as short
Nado PONS-PERP	+0.0128%	1h	0.5871	0.000%	$89K	$103K	5x	as long as short
Aster PONSUSDT	+0.0149%	4h	0.5867	−0.076%	$1.1M	$2.2M	20x	as long as short
MEXC PONS_USDTlong	+0.0164%	4h	0.5871	long leg	$7.5M	$5.2M	20x
Binance PONSUSDT	+0.0166%	4h	0.5880	+0.160%	$38.2M	$98.3M	20x	as long as short
Extended PONS-USD	+0.0168%	1h	0.5875	+0.062%	$105K	$532K	5x	as long as short
BingX PONS-USDTshort	+0.0170%	4h	0.5871	0.000%	—	$3.1M	—
edgeX PONSUSDC	+0.0173%	4h	0.5886	+0.263%	$21K	$292K	10x	as long as short
Polymarket Perps PONS-USD	+0.0374%	1h	0.5871	−0.007%	$37K	$1.8M	3x	as long as short
BloFin PONS-USDT	+0.0404%	4h	0.5863	−0.136%	$1.7M	$960K	20x	as long as short
Pacifica PONS	+0.0474%	1h	0.5870	−0.017%	$47K	$103K	3x	as long as short
Lighter RH PONS	+0.0480%	1h	0.5875	+0.068%	$415K	$2.7M	3x	as long as short
Hyperliquid PONS	+0.0520%	1h	0.5874	+0.056%	$58.9M	$30.0M	3x	as long as short
Gate PONS_USDT	+0.0704%	4h	0.5863	−0.136%	$5.1M	$6.8M	20x	as long as short
Lighter PONS	+0.0944%	1h	0.5876	+0.085%	$1.7M	$900K	3x	as long as short
Phoenix PONS	+0.1275%	1h	0.5870	−0.014%	$30K	$86K	3x	as long as short