PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0684%/8h= +74.9% APRnext payment +$3.42 per $10,000 · paid last 24h −0.056%

Price spread now: Gate against Bybit+0.085%7-day average −0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$950.948% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.079%+$8 on $10k

Price spread, last 7 days−0.174%−$17 · spread now +0.085%, 7d avg −0.020%

Together, before fees−0.094%−$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Gate is 0.105% dearer against Bybit than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.020%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.079% in total (about 4.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.42 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	Bybit PONSUSDT	0.5879	0.0100	pay 0.0050% / 4h	2h 13m	$17.6M	$31.8M	20x
Short	Gate PONS_USDT	0.5884	0.0784	get 0.0392% / 4h	2h 13m	$5.1M	$6.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bybit. 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 BybitbpFee GatebpOrdersPrice spread, now +0.085%Rate

Funding earned: $143.64
Price spread: +0.085% → −0.020%: $10.49
Slippage, 4 orders: −$68.8
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $59.33
Costs to cover: 0.948%
Break-even: 4.1 days

Slippage from Bybit: live order book, 5 min ago; Gate: live order book, 5 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 Bybit live order book, 5 min ago	0.85 bp	26.5 bp −$27	53.1 bp −$531	doesn't fit	doesn't fit
Sell Gate live order book, 5 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	0.5879	+0.009%	$216K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0066%	1h	0.5920	+0.691%	$609	$6K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5887	+0.136%	$21K	$443K	20x	as long as short
Bybit PONSUSDTlong	+0.0100%	4h	0.5879	long leg	$17.6M	$31.8M	20x
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5878	−0.017%	$13.4M	$55.9M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5886	+0.111%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5880	+0.017%	$4.6M	$11.7M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5905	+0.446%	$1.3M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5909	+0.512%	$34K	$336K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5884	+0.085%	$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	0.5900	+0.362%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5879	−0.005%	$27K	$549K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5899	+0.335%	$63K	$505K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5875	−0.068%	$1.6M	$3.3M	20x	as long as short
Nado PONS-PERP	+0.0103%	1h	0.5892	+0.221%	$89K	$103K	5x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.5883	+0.071%	$367	—	3x	as long as short
BingX PONS-USDT	+0.0178%	4h	0.5880	+0.017%	—	$3.1M	—	as long as short
Aster PONSUSDT	+0.0180%	4h	0.5890	+0.189%	$1.1M	$2.2M	20x	as long as short
MEXC PONS_USDT	+0.0180%	4h	0.5886	+0.119%	$7.5M	$5.2M	20x	as long as short
Binance PONSUSDT	+0.0182%	4h	0.5884	+0.088%	$38.3M	$98.3M	20x	as long as short
Extended PONS-USD	+0.0184%	1h	0.5883	+0.076%	$106K	$533K	5x	as long as short
edgeX PONSUSDC	+0.0194%	4h	0.5909	+0.503%	$21K	$294K	10x	as long as short
Polymarket Perps PONS-USD	+0.0364%	1h	0.5886	+0.124%	$37K	$1.8M	3x	as long as short
BloFin PONS-USDT	+0.0422%	4h	0.5890	+0.187%	$1.7M	$964K	20x	as long as short
Pacifica PONS	+0.0474%	1h	0.5893	+0.243%	$47K	$103K	3x	as long as short
Hyperliquid PONS	+0.0488%	1h	0.5889	+0.165%	$59.0M	$30.1M	3x	as long as short
Lighter RH PONS	+0.0560%	1h	0.5880	+0.019%	$413K	$2.6M	3x	as long as short
Gate PONS_USDTshort	+0.0784%	4h	0.5884	+0.085%	$5.1M	$6.8M	20x
Lighter PONS	+0.1008%	1h	0.5884	+0.078%	$1.7M	$889K	3x	as long as short
Phoenix PONS	+0.1275%	1h	0.5911	+0.538%	$30K	$86K	3x	as long as short