PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0068%/8h= −7.4% APRnext payment −$0.08 per $10,000 · paid last 24h −0.020%

Price spread now: gTrade (Gains Network) against ApeX Omni+0.127%7-day average −0.250% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$4,638as in the Price arb table

costs, in and out, $10k−$4,67646.759% of the position

Long on ApeX Omni Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)−0.025%−$2 on $10k

Price spread, last 4 days (all we have)−0.212%−$21 · spread now +0.127%, 7d avg −0.250%

Together, before fees−0.237%−$24 on $10k · with fees, hour by hour

The price spread pays, funding is against you. gTrade (Gains Network) is 0.377% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.127% now, against its 7-day average of −0.250%): +$38 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 19 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni PONSUSDT	0.6027	0.0100	pay 0.0013% / 1h	30m 36s	$35K	$342K	5x
Short	gTrade (Gains Network) PONS/USD	0.6034	L +0.0033% / S −0.0032%	get 0.0004% / 1h	30m 36s	$240K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against ApeX Omni. 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 ApeX OmnibpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.127%Rate

Funding earned: −$14.2
Price spread: +0.127% → −0.250%: $37.72
Slippage, 4 orders: −$4,653.94
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Net: −$4,652.42
Costs to cover: 46.759%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 22 min ago; gTrade (Gains Network): virtual book (oracle venue), 23 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 ApeX Omni live order book, 22 min ago	6.63 bp	14.8 bp −$15	106.2 bp −$1,062	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 23 min ago	130.01 bp	2471.1 bp −$2,471	doesn't fit	doesn't fit	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/USDshort	L +0.0033% / S −0.0032%	1h	0.6034	+0.127%	$240K	—	150x
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.947%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6040	+0.222%	$21K	$416K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6040	+0.216%	$71K	$129K	5x	as long as short
ApeX Omni PONSUSDTlong	+0.0100%	1h	0.6027	long leg	$35K	$342K	5x
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6045	+0.297%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6041	+0.242%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6047	+0.330%	$26K	$531K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6041	+0.244%	$65K	$513K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6045	+0.305%	$1.7M	$3.2M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH PONS	+0.0208%	1h	0.6044	+0.292%	$413K	$2.5M	3x	as long as short
Aevo PONS-PERP	+0.0240%	1h	0.6038	+0.188%	$376	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0354%	4h	0.6039	+0.206%	$13.7M	$55.3M	20x	as long as short
Variational Omni PONS	+0.0427%	4h	0.6045	+0.313%	$1.5M	$3.9M	—	as long as short
Hyperliquid PONS	+0.0491%	1h	0.6041	+0.242%	$61.8M	$28.0M	3x	as long as short
Aster PONSUSDT	+0.0518%	4h	0.6046	+0.314%	$1.1M	$2.1M	20x	as long as short
Bitget PONSUSDT	+0.0530%	4h	0.6043	+0.269%	$4.6M	$11.5M	20x	as long as short
Lighter PONS	+0.0560%	1h	0.6045	+0.297%	$1.7M	$892K	3x	as long as short
edgeX PONSUSDC	+0.0624%	4h	0.6038	+0.188%	$18K	$294K	10x	as long as short
MEXC PONS_USDT	+0.0628%	4h	0.6045	+0.305%	$7.7M	$4.7M	20x	as long as short
Extended PONS-USD	+0.0632%	1h	0.6039	+0.210%	$108K	$808K	5x	as long as short
Binance PONSUSDT	+0.0633%	4h	0.6043	+0.272%	$39.5M	$94.3M	20x	as long as short
Polymarket Perps PONS-USD	+0.0690%	1h	0.6042	+0.254%	$72K	$1.6M	3x	as long as short
KuCoin PONSUSDTM	+0.0742%	4h	0.6043	+0.274%	$1.6M	$3.8M	20x	as long as short
Gate PONS_USDT	+0.0828%	4h	0.6036	+0.156%	$5.3M	$6.2M	20x	as long as short
BloFin PONS-USDT	+0.0868%	4h	0.6048	+0.355%	$1.7M	$969K	20x	as long as short
BingX PONS-USDT	+0.0944%	4h	0.6040	+0.222%	—	$2.9M	—	as long as short
Pacifica PONS	+0.1081%	1h	0.6041	+0.238%	$48K	$67K	3x	as long as short
Bybit PONSUSDT	+0.1101%	4h	0.6040	+0.222%	$18.1M	$30.6M	20x	as long as short
Phoenix PONS	+0.1586%	1h	0.6028	+0.032%	$46K	$109K	3x	as long as short