PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0086%/8h= +9.4% APRnext payment +$0.43 per $10,000 · paid last 24h +0.042%

Price spread now: MEXC against OKX0.000%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$350.346% of the position

Long on OKX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.176%+$18 on $10k

Price spread, last 3 days (all we have)+0.044%+$4 · spread now 0.000%, 7d avg +0.031%

Together, before fees+0.221%+$22 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.031% cheaper against OKX than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.031%). If the spread goes back, that is −$3 on $10k: about 29 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX PONS-USDT-SWAP	0.6023	0.0100	pay 0.0050% / 4h	1h 04m	$13.6M	$56.8M	20x
Short	MEXC PONS_USDT	0.6023	0.0186	get 0.0093% / 4h	1h 04m	$7.9M	$5.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now 0.000%Rate

Funding earned: $18.06
Price spread: 0.000% → +0.031%: −$3.1
Slippage, 4 orders: −$24.63
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$19.67
Costs to cover: 0.346%
Break-even: 14.6 days

Slippage from OKX: live order book, 4 min ago; MEXC: live order book, 8 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	0.83 bp	13.3 bp −$13	30.3 bp −$303	doesn't fit	doesn't fit
Sell MEXC live order book, 8 min ago	0.83 bp	3.9 bp −$4	12.5 bp −$125	390.0 bp −$39.0K	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 −0.0036%	1h	0.6007	−0.267%	$226K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.888%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6016	−0.116%	$16K	$444K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.6022	−0.017%	$18.0M	$31.6M	20x	as long as short
OKX PONS-USDT-SWAPlong	+0.0100%	4h	0.6023	long leg	$13.6M	$56.8M	20x
KuCoin PONSUSDTM	+0.0100%	4h	0.6021	−0.040%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.6025	+0.028%	$4.7M	$11.6M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6007	−0.263%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6007	−0.266%	$35K	$354K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6024	+0.023%	$3K	$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	0.6014	−0.154%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6018	−0.080%	$27K	$545K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6028	+0.091%	$65K	$506K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6012	−0.183%	$1.7M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.6018	−0.078%	$375	—	3x	as long as short
Aster PONSUSDT	+0.0134%	4h	0.6020	−0.053%	$1.1M	$2.2M	20x	as long as short
BingX PONS-USDT	+0.0178%	4h	0.6017	−0.100%	—	$3.1M	—	as long as short
Extended PONS-USD	+0.0184%	1h	0.6020	−0.042%	$248K	$670K	5x	as long as short
edgeX PONSUSDC	+0.0185%	4h	0.6003	−0.326%	$21K	$293K	10x	as long as short
MEXC PONS_USDTshort	+0.0186%	4h	0.6023	0.000%	$7.9M	$5.0M	20x
Binance PONSUSDT	+0.0194%	4h	0.6025	+0.027%	$39.2M	$97.9M	20x	as long as short
Nado PONS-PERP	+0.0204%	1h	0.6018	−0.084%	$91K	$103K	5x	as long as short
Lighter RH PONS	+0.0280%	1h	0.6021	−0.035%	$425K	$2.7M	3x	as long as short
BloFin PONS-USDT	+0.0427%	4h	0.6019	−0.066%	$1.7M	$984K	20x	as long as short
Pacifica PONS	+0.0451%	1h	0.6023	+0.004%	$47K	$96K	3x	as long as short
Polymarket Perps PONS-USD	+0.0495%	1h	0.6017	−0.095%	$37K	$1.7M	3x	as long as short
Lighter PONS	+0.0632%	1h	0.6021	−0.035%	$1.7M	$1.0M	3x	as long as short
Hyperliquid PONS	+0.0688%	1h	0.6025	+0.025%	$61.0M	$30.1M	3x	as long as short
Phoenix PONS	+0.1398%	1h	0.6015	−0.138%	$31K	$96K	3x	as long as short
Gate PONS_USDT	+0.1556%	4h	0.6012	−0.183%	$5.3M	$6.5M	20x	as long as short