PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0571%/8h= +62.5% APRnext payment +$2.85 per $10,000 · paid last 24h −0.004%

Price spread now: Gate against Binance−0.094%7-day average −0.065% · you buy dearer than you sell

Net, funding: paid 7d − costs−$80as in the Funding arb table

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

costs, in and out, $10k−$780.785% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 7 days−0.006%−$1 · spread now −0.094%, 7d avg −0.065%

Together, before fees−0.023%−$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.029% cheaper against Binance than usual: you would sell low and buy high (spread −0.094% now, against its 7-day average of −0.065%). If the spread goes back, that is −$3 on $10k: about 4 hours of funding at the current rate (+$17 a day).

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.017% in total (about -0.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.85 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	Binance PONSUSDT	0.5910	0.0177	pay 0.0089% / 4h	2h 16m	$38.4M	$98.3M	20x
Short	Gate PONS_USDT	0.5904	0.0748	get 0.0374% / 4h	2h 16m	$5.2M	$6.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Binance. 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 BinancebpFee GatebpOrdersPrice spread, now −0.094%Rate

Funding earned: $119.89
Price spread: −0.094% → −0.065%: −$2.87
Slippage, 4 orders: −$53.48
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $38.54
Costs to cover: 0.785%
Break-even: 4.7 days

Slippage from Binance: live order book, 11 min ago; Gate: live order book, 2 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 Binance live order book, 11 min ago	1.69 bp	12.8 bp −$13	51.9 bp −$519	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	4.24 bp	23.5 bp −$23	62.6 bp −$626	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 +0.0032% / S −0.0034%	1h	0.5901	−0.149%	$216K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0066%	1h	0.5920	+0.170%	$609	$6K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5907	−0.043%	$21K	$445K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5905	−0.077%	$17.7M	$31.9M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5907	−0.043%	$13.4M	$56.2M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5905	−0.082%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5908	−0.031%	$4.6M	$11.7M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5901	−0.150%	$1.3M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5904	−0.094%	$34K	$334K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5914	+0.076%	$2K	$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	0.5909	−0.016%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5907	−0.051%	$27K	$549K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5907	−0.039%	$64K	$504K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5900	−0.161%	$1.6M	$3.3M	20x	as long as short
Nado PONS-PERP	+0.0103%	1h	0.5907	−0.043%	$89K	$103K	5x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.5908	−0.026%	$368	—	3x	as long as short
Extended PONS-USD	+0.0176%	1h	0.5909	−0.012%	$106K	$533K	5x	as long as short
MEXC PONS_USDT	+0.0176%	4h	0.5909	−0.009%	$7.5M	$5.2M	20x	as long as short
Binance PONSUSDTlong	+0.0177%	4h	0.5910	long leg	$38.4M	$98.3M	20x
BingX PONS-USDT	+0.0180%	4h	0.5908	−0.026%	—	$3.1M	—	as long as short
Aster PONSUSDT	+0.0189%	4h	0.5906	−0.059%	$1.1M	$2.2M	20x	as long as short
edgeX PONSUSDC	+0.0191%	4h	0.5906	−0.065%	$21K	$293K	10x	as long as short
Polymarket Perps PONS-USD	+0.0368%	1h	0.5906	−0.053%	$37K	$1.8M	3x	as long as short
BloFin PONS-USDT	+0.0417%	4h	0.5910	+0.008%	$1.7M	$967K	20x	as long as short
Pacifica PONS	+0.0474%	1h	0.5908	−0.031%	$47K	$103K	3x	as long as short
Hyperliquid PONS	+0.0497%	1h	0.5910	+0.010%	$59.2M	$30.0M	3x	as long as short
Lighter RH PONS	+0.0592%	1h	0.5909	−0.016%	$416K	$2.6M	3x	as long as short
Gate PONS_USDTshort	+0.0748%	4h	0.5904	−0.094%	$5.2M	$6.8M	20x
Lighter PONS	+0.1016%	1h	0.5913	+0.064%	$1.7M	$889K	3x	as long as short
Phoenix PONS	+0.1275%	1h	0.5907	−0.048%	$30K	$86K	3x	as long as short