PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0402%/8h= −44.0% APRnext payment −$2.01 per $10,000 · paid last 24h −0.014%

Price spread now: Gate against BingX−0.367%7-day average −0.082% · you buy dearer than you sell

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$107as in the Price arb table

costs, in and out, $10k−$780.781% of the position

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.118%−$12 on $10k

Price spread, last 4 days (all we have)+0.357%+$36 · spread now −0.367%, 7d avg −0.082%

Together, before fees+0.239%+$24 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Gate is 0.285% cheaper against BingX than usual: you would sell low and buy high (−$28 if the spread goes back to its 7-day average of −0.082%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.118% in total (about -6.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.01 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	BingX PONS-USDT	0.5995	0.0502	pay 0.0251% / 4h	1h 21m	—	$3.0M	—
Short	Gate PONS_USDT	0.5973	0.0100	get 0.0050% / 4h	1h 21m	$5.2M	$6.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BingX. 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 BingXbpFee GatebpOrdersPrice spread, now −0.367%Rate

Funding earned: −$84.42
Price spread: −0.367% → −0.082%: −$28.47
Slippage, 4 orders: −$53.11
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$191
Costs to cover: 0.781%
Break-even: never at this rate

Slippage from BingX: live order book, 4 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 BingX live order book, 4 min ago	2.53 bp	12.7 bp −$13	27.2 bp −$272	428.7 bp −$42.9K	doesn't fit
Sell Gate live order book, 2 min ago	1.68 bp	27.8 bp −$28	73.8 bp −$738	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 −0.0033%	1h	0.5971	−0.392%	$236K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.425%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5988	−0.117%	$21K	$433K	20x	as long as short
Gate PONS_USDTshort	+0.0100%	4h	0.5973	−0.367%	$5.2M	$6.3M	20x
ApeX Omni PONSUSDT	+0.0100%	1h	0.5952	−0.717%	$33K	$352K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5991	−0.058%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5974	−0.357%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5987	−0.142%	$26K	$521K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5992	−0.045%	$64K	$508K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5981	−0.234%	$1.6M	$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
Variational Omni PONS	+0.0169%	4h	0.5906	−1.480%	$1.4M	$3.9M	—	as long as short
Lighter RH PONS	+0.0192%	1h	0.5985	−0.167%	$409K	$2.5M	3x	as long as short
Aevo PONS-PERP	+0.0200%	1h	0.5984	−0.186%	$373	—	3x	as long as short
Nado PONS-PERP	+0.0220%	1h	0.5986	−0.151%	$70K	$129K	5x	as long as short
Lighter PONS	+0.0240%	1h	0.5985	−0.167%	$1.7M	$875K	3x	as long as short
OKX PONS-USDT-SWAP	+0.0297%	4h	0.5993	−0.033%	$13.6M	$54.4M	20x	as long as short
Aster PONSUSDT	+0.0396%	4h	0.5986	−0.150%	$1.1M	$2.1M	20x	as long as short
Bitget PONSUSDT	+0.0406%	4h	0.5990	−0.087%	$4.6M	$11.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0426%	4h	0.5985	−0.168%	$1.7M	$3.7M	20x	as long as short
edgeX PONSUSDC	+0.0465%	4h	0.5921	−1.232%	$18K	$292K	10x	as long as short
MEXC PONS_USDT	+0.0484%	4h	0.5993	−0.033%	$7.6M	$4.7M	20x	as long as short
Binance PONSUSDT	+0.0484%	4h	0.5991	−0.064%	$39.2M	$94.0M	20x	as long as short
Extended PONS-USD	+0.0488%	1h	0.5987	−0.126%	$247K	$670K	5x	as long as short
BingX PONS-USDTlong	+0.0502%	4h	0.5995	long leg	—	$3.0M	—
Bybit PONSUSDT	+0.0525%	4h	0.5993	−0.033%	$17.9M	$30.5M	20x	as long as short
Hyperliquid PONS	+0.0714%	1h	0.5992	−0.043%	$61.1M	$27.6M	3x	as long as short
BloFin PONS-USDT	+0.0724%	4h	0.5990	−0.083%	$1.7M	$959K	20x	as long as short
Pacifica PONS	+0.0755%	1h	0.5978	−0.275%	$47K	$72K	3x	as long as short
Polymarket Perps PONS-USD	+0.0815%	1h	0.5988	−0.125%	$51K	$1.6M	3x	as long as short
Phoenix PONS	+0.1639%	1h	0.5961	−0.562%	$31K	$98K	3x	as long as short