PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0108%/8h= −11.8% APRnext payment −$0.13 per $10,000 · paid last 24h −0.043%

Price spread now: gTrade (Gains Network) against Aevo+0.481%57s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aevo Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.481% dearer against Aevo than usual: you sell high and buy low (spread +0.481% now, against zero (this spread has no 7-day history yet)): +$48 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 15 days. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo PONS-PERP	0.6121	0.0144	pay 0.0018% / 1h	53m 24s	$381	—	3x
Short	gTrade (Gains Network) PONS/USD	0.6151	L +0.0033% / S −0.0036%	get 0.0005% / 1h	53m 24s	$231K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Aevo. 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 AevobpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.481%Rate

Funding earned: −$22.65
Price spread: +0.481% → 0.000%: $48.13
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Net: −$2.53
Costs to cover: 0.280%
Break-even: from the start

Slippage unknown: Aevo: no order-book sample; gTrade (Gains Network): virtual book (oracle venue), 26 min ago. Net counts fees only.

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 Aevo no order-book sample	—	—	—	—	—
Sell gTrade (Gains Network) virtual book (oracle venue), 26 min ago	130.01 bp	2470.8 bp −$2,471	doesn't fit	doesn't fit	doesn't fit

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Injective PONS/USDC PERP	−0.0047%	1h	0.5969	−2.482%	$614	$10K	5.5x	as long as short
gTrade (Gains Network) PONS/USDshort	L +0.0033% / S −0.0036%	1h	0.6151	+0.481%	$231K	—	150x
Popdex PONSUSDT	+0.0096%	1h	0.6156	+0.565%	$18K	$455K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6151	+0.483%	$87K	$107K	5x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.6152	+0.499%	$18.6M	$31.8M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.6156	+0.565%	$14.0M	$58.7M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.6160	+0.627%	$1.8M	$3.7M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6082	−0.641%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6091	−0.497%	$33K	$360K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6125	+0.053%	$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	0.6123	+0.021%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6130	+0.148%	$28K	$548K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6158	+0.599%	$66K	$509K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6135	+0.222%	$1.7M	$3.3M	20x	as long as short
Bitget PONSUSDT	+0.0114%	4h	0.6161	+0.640%	$4.8M	$11.7M	20x	as long as short
Aevo PONS-PERPlong	+0.0144%	1h	0.6121	long leg	$381	—	3x
Lighter PONS	+0.0184%	1h	0.6143	+0.351%	$1.7M	$921K	3x	as long as short
Aster PONSUSDT	+0.0184%	4h	0.6144	+0.374%	$1.1M	$2.2M	20x	as long as short
BingX PONS-USDT	+0.0252%	4h	0.6152	+0.499%	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0252%	4h	0.6109	−0.198%	$21K	$292K	10x	as long as short
MEXC PONS_USDT	+0.0254%	4h	0.6160	+0.630%	$8.2M	$4.8M	20x	as long as short
Extended PONS-USD	+0.0256%	1h	0.6149	+0.447%	$254K	$682K	5x	as long as short
Binance PONSUSDT	+0.0274%	4h	0.6156	+0.559%	$40.1M	$99.2M	20x	as long as short
BloFin PONS-USDT	+0.0490%	4h	0.6110	−0.187%	$1.7M	$1.0M	20x	as long as short
Lighter RH PONS	+0.0600%	1h	0.6143	+0.351%	$433K	$2.6M	3x	as long as short
Polymarket Perps PONS-USD	+0.0825%	1h	0.6157	+0.588%	$42K	$1.7M	3x	as long as short
Pacifica PONS	+0.0899%	1h	0.6151	+0.475%	$48K	$96K	3x	as long as short
Hyperliquid PONS	+0.1165%	1h	0.6160	+0.635%	$62.7M	$30.6M	3x	as long as short
Phoenix PONS	+0.1307%	1h	0.6117	−0.072%	$31K	$102K	3x	as long as short
Gate PONS_USDT	+0.1876%	4h	0.6135	+0.222%	$5.4M	$6.2M	20x	as long as short