Funding arb · Price arb /

PONS

all PONS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0184%/8h= −20.1% APRpaid last 24h −0.062%

Price spread now: gTrade (Gains Network) against Aster−0.066%7-day average −0.096% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$4,609as in the Price arb table

costs, in and out, $10k−$4,61246.117% of the position

Long on Aster Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)−0.079%−$8 on $10k

Price spread, last 3 days (all we have)+0.022%+$2 · spread now −0.066%, 7d avg −0.096%

Together, before fees−0.057%+ Points / potential airdropAster: Stage 5 · farm board−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. gTrade (Gains Network) is 0.030% dearer against Aster than usual: you sell high and buy low (spread −0.066% now, against its 7-day average of −0.096%): +$3 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 13 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster PONSUSDT	0.6082	0.0216	pay 0.0108% / 4h	3h 41m	$1.1M	$2.2M	20x
Short	gTrade (Gains Network) PONS/USD	0.6078	L +0.0033% / S −0.0033%	get 0.0004% / 1h	41m 16s	$241K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Aster. 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 AsterbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.066%Rate

Funding earned: −$38.61
Price spread: −0.066% → −0.096%: $3.05
Slippage, 4 orders: −$4,591.72
Fee Aster: 4 bp × 2 orders: −$8
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Net: −$4,647.29
Costs to cover: 46.117%
Break-even: never at this rate

Slippage from Aster: live order book, 2 min ago; gTrade (Gains Network): virtual book (oracle venue), 33 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 Aster live order book, 2 min ago	3.54 bp	10.6 bp −$11	23.7 bp −$237	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 33 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 −0.0033%	1h	0.6078	−0.066%	$241K	—	150x
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.848%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.6083	+0.012%	$431K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6085	+0.051%	$20K	$415K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6080	−0.038%	$1.4M	$4.2M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6068	−0.223%	$33K	$357K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6096	+0.230%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6089	+0.114%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6084	+0.035%	$28K	$553K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6100	+0.306%	$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	0.6084	+0.035%	$1.7M	$3.3M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0110%	4h	0.6075	−0.113%	$13.8M	$57.3M	20x	as long as short
Gate PONS_USDT	+0.0132%	4h	0.6077	−0.080%	$5.3M	$6.2M	20x	as long as short
KuCoin PONSUSDTM	+0.0160%	4h	0.6083	+0.015%	$1.8M	$3.8M	20x	as long as short
Aevo PONS-PERP	+0.0160%	1h	0.6085	+0.043%	$379	—	3x	as long as short
Bitget PONSUSDT	+0.0204%	4h	0.6086	+0.074%	$4.7M	$11.6M	20x	as long as short
Aster PONSUSDTlong	+0.0216%	4h	0.6082	long leg	$1.1M	$2.2M	20x
MEXC PONS_USDT	+0.0326%	4h	0.6080	−0.031%	$7.9M	$4.8M	20x	as long as short
Binance PONSUSDT	+0.0333%	4h	0.6081	−0.015%	$39.8M	$97.6M	20x	as long as short
edgeX PONSUSDC	+0.0333%	4h	0.6078	−0.072%	$21K	$292K	10x	as long as short
Extended PONS-USD	+0.0336%	1h	0.6087	+0.080%	$252K	$683K	5x	as long as short
Lighter PONS	+0.0448%	1h	0.6084	+0.041%	$1.7M	$896K	3x	as long as short
BloFin PONS-USDT	+0.0573%	4h	0.6088	+0.100%	$1.7M	$1.0M	20x	as long as short
Nado PONS-PERP	+0.0582%	1h	0.6085	+0.058%	$105K	$116K	5x	as long as short
Bybit PONSUSDT	+0.0660%	4h	0.6076	−0.097%	$18.2M	$31.1M	20x	as long as short
Pacifica PONS	+0.0665%	1h	0.6084	+0.033%	$48K	$87K	3x	as long as short
BingX PONS-USDT	+0.0740%	4h	0.6093	+0.183%	—	$3.1M	—	as long as short
Polymarket Perps PONS-USD	+0.0787%	1h	0.6088	+0.104%	$42K	$1.6M	3x	as long as short
Hyperliquid PONS	+0.0939%	1h	0.6091	+0.143%	$61.9M	$29.8M	3x	as long as short
Phoenix PONS	+0.1608%	1h	0.6085	+0.043%	$31K	$113K	3x	as long as short