PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.1494%/8h= +163.6% APRnext payment +$7.47 per $10,000 · paid last 24h +0.039%

Price spread now: Gate against Aster−0.062%7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$740.742% of the position

Long on Aster Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.313%+$31 on $10k

Price spread, last 7 days+0.066%+$7 · spread now −0.062%, 7d avg +0.011%

Together, before fees+0.380%+ Points / potential airdropAster: Stage 5 · farm board+$38 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.073% cheaper against Aster than usual: you would sell low and buy high (spread −0.062% now, against its 7-day average of +0.011%). If the spread goes back, that is −$7 on $10k: about 4 hours of funding at the current rate (+$45 a day). At the pace of the last 7 days (+0.313% in total) that is about 39 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.313% in total (about 16.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.47 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster PONSUSDT	0.6084	0.0150	pay 0.0075% / 4h	1h 02m	$1.1M	$2.2M	20x
Short	Gate PONS_USDT	0.6080	0.1644	get 0.0822% / 4h	1h 02m	$5.3M	$6.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.062%Rate

Funding earned: $313.78
Price spread: −0.062% → +0.011%: −$7.26
Slippage, 4 orders: −$51.19
Fee Aster: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $232.33
Costs to cover: 0.742%
Break-even: 1.8 days

Slippage from Aster: live order book, 1 min ago; Gate: live order book, 1 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, 1 min ago	3.64 bp	10.7 bp −$11	33.8 bp −$338	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	2.48 bp	24.5 bp −$25	86.3 bp −$863	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/USD	L +0.0033% / S −0.0036%	1h	0.6083	−0.014%	$229K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.878%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6091	+0.119%	$18K	$445K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.6091	+0.119%	$18.3M	$31.7M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.6092	+0.135%	$13.7M	$57.6M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.6094	+0.161%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.6097	+0.217%	$4.8M	$11.7M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6007	−1.259%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6007	−1.262%	$35K	$354K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6054	−0.486%	$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	0.6049	−0.570%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6048	−0.580%	$27K	$545K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6048	−0.580%	$65K	$507K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6041	−0.703%	$1.7M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.6048	−0.586%	$377	—	3x	as long as short
Aster PONSUSDTlong	+0.0150%	4h	0.6084	long leg	$1.1M	$2.2M	20x
edgeX PONSUSDC	+0.0189%	4h	0.6019	−1.062%	$21K	$293K	10x	as long as short
BingX PONS-USDT	+0.0194%	4h	0.6091	+0.119%	—	$3.1M	—	as long as short
Extended PONS-USD	+0.0200%	1h	0.6092	+0.132%	$251K	$679K	5x	as long as short
MEXC PONS_USDT	+0.0202%	4h	0.6094	+0.168%	$8.1M	$5.0M	20x	as long as short
Nado PONS-PERP	+0.0204%	1h	0.6090	+0.096%	$92K	$103K	5x	as long as short
Binance PONSUSDT	+0.0221%	4h	0.6095	+0.183%	$39.7M	$98.4M	20x	as long as short
Lighter RH PONS	+0.0296%	1h	0.6091	+0.117%	$430K	$2.7M	3x	as long as short
BloFin PONS-USDT	+0.0443%	4h	0.6050	−0.555%	$1.7M	$989K	20x	as long as short
Pacifica PONS	+0.0451%	1h	0.6092	+0.130%	$48K	$96K	3x	as long as short
Polymarket Perps PONS-USD	+0.0520%	1h	0.6091	+0.117%	$38K	$1.7M	3x	as long as short
Lighter PONS	+0.0664%	1h	0.6091	+0.117%	$1.7M	$1.0M	3x	as long as short
Hyperliquid PONS	+0.0701%	1h	0.6097	+0.212%	$61.8M	$30.4M	3x	as long as short
Phoenix PONS	+0.1398%	1h	0.6015	−1.135%	$31K	$96K	3x	as long as short
Gate PONS_USDTshort	+0.1644%	4h	0.6080	−0.062%	$5.3M	$6.5M	20x