PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0489%/8h= +53.6% APRnext payment +$2.45 per $10,000 · paid last 24h +0.098%

Price spread now: BingX against OKX+0.099%7-day average +0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$9as in the Funding arb table

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

costs, in and out, $10k−$460.462% of the position

Long on OKX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.376%+$38 on $10k

Price spread, last 4 days (all we have)−0.084%−$8 · spread now +0.099%, 7d avg +0.053%

Together, before fees+0.292%+$29 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and BingX is 0.046% dearer against OKX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX PONS-USDT-SWAP	0.6088	0.0139	pay 0.0069% / 4h	3h 34m	$13.8M	$57.0M	20x
Short	BingX PONS-USDT	0.6094	0.0628	get 0.0314% / 4h	3h 34m	—	$3.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against OKX. 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 OKXbpFee BingXbpOrdersPrice spread, now +0.099%Rate

Funding earned: $102.74
Price spread: +0.099% → +0.053%: $4.56
Slippage, 4 orders: −$26.21
Fee OKX: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: $61.1
Costs to cover: 0.462%
Break-even: 2.8 days

Slippage from OKX: live order book, 4 min ago; BingX: live order book, 11 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 OKX live order book, 4 min ago	1.64 bp	11.7 bp −$12	28.9 bp −$289	doesn't fit	doesn't fit
Sell BingX live order book, 11 min ago	0.82 bp	12.7 bp −$13	36.7 bp −$367	163.3 bp −$16.3K	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 −0.0033%	1h	0.6081	−0.117%	$241K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.946%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.6091	+0.044%	$432K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6092	+0.066%	$20K	$416K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6077	−0.180%	$1.4M	$4.2M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6090	+0.026%	$33K	$359K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6093	+0.080%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6084	−0.071%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6092	+0.062%	$28K	$548K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6082	−0.094%	$65K	$510K	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	0.6091	+0.049%	$1.7M	$3.2M	20x	as long as short
OKX PONS-USDT-SWAPlong	+0.0139%	4h	0.6088	long leg	$13.8M	$57.0M	20x
Aevo PONS-PERP	+0.0168%	1h	0.6087	−0.015%	$379	—	3x	as long as short
KuCoin PONSUSDTM	+0.0172%	4h	0.6085	−0.056%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0216%	4h	0.6093	+0.090%	$4.7M	$11.5M	20x	as long as short
Aster PONSUSDT	+0.0228%	4h	0.6078	−0.159%	$1.1M	$2.2M	20x	as long as short
Extended PONS-USD	+0.0336%	1h	0.6090	+0.034%	$252K	$683K	5x	as long as short
Binance PONSUSDT	+0.0338%	4h	0.6089	+0.013%	$39.9M	$97.0M	20x	as long as short
MEXC PONS_USDT	+0.0342%	4h	0.6084	−0.066%	$7.9M	$4.8M	20x	as long as short
edgeX PONSUSDC	+0.0350%	4h	0.6084	−0.066%	$21K	$293K	10x	as long as short
Lighter PONS	+0.0432%	1h	0.6092	+0.061%	$1.7M	$896K	3x	as long as short
BloFin PONS-USDT	+0.0583%	4h	0.6080	−0.131%	$1.7M	$1.0M	20x	as long as short
Nado PONS-PERP	+0.0595%	1h	0.6086	−0.036%	$105K	$115K	5x	as long as short
BingX PONS-USDTshort	+0.0628%	4h	0.6094	+0.099%	—	$3.1M	—
Pacifica PONS	+0.0665%	1h	0.6079	−0.146%	$48K	$87K	3x	as long as short
Bybit PONSUSDT	+0.0718%	4h	0.6088	0.000%	$18.3M	$31.0M	20x	as long as short
Polymarket Perps PONS-USD	+0.0750%	1h	0.6093	+0.076%	$44K	$1.6M	3x	as long as short
Gate PONS_USDT	+0.0816%	4h	0.6079	−0.148%	$5.3M	$6.2M	20x	as long as short
Hyperliquid PONS	+0.0914%	1h	0.6094	+0.092%	$62.0M	$29.2M	3x	as long as short
Phoenix PONS	+0.1608%	1h	0.6083	−0.074%	$31K	$113K	3x	as long as short