PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.04 per $10,000 · paid last 24h +0.027%

Price spread now: Gate against edgeX+0.489%67s7-day average −0.062% · 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—prices read too far apart to compare

costs, in and out, $10k−$930.926% of the position

Long on edgeX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.053%+$5 on $10k

Price spread, last 4 days (all we have)−0.857%−$86 · spread now +0.489%, 7d avg −0.062%

Together, before fees−0.803%+ Points / potential airdropedgeX: Active · farm board−$80 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.551% dearer against edgeX than usual: you sell high and buy low, +$55 on $10k if it goes back to its 7-day average of −0.062%. The two prices were read 67 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX PONSUSDC	0.5954	0.0470	pay 0.0235% / 4h	1h 44m	$18K	$295K	10x
Short	Gate PONS_USDT	0.5983	0.0478	get 0.0239% / 4h	1h 44m	$5.2M	$6.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against edgeX. 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 edgeXbpFee GatebpOrdersPrice spread, now +0.489%Rate

Funding earned: $1.65
Price spread: +0.489% → −0.062%: $55.1
Slippage, 4 orders: −$68.56
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$35.8
Costs to cover: 0.926%
Break-even: 158.5 days

Slippage from edgeX: live order book, 19 min ago; Gate: live order book, 4 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 edgeX live order book, 19 min ago	12.37 bp	21.2 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	2.51 bp	22.9 bp −$23	66.8 bp −$668	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	0.5976	+0.372%	$237K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+0.262%	$614	$10K	5.5x	as long as short
Lighter PONS	+0.0096%	1h	0.5981	+0.453%	$1.7M	$874K	3x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5980	+0.437%	$419K	$2.5M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5982	+0.472%	$20K	$424K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5962	+0.141%	$33K	$351K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5992	+0.638%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5980	+0.445%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5984	+0.502%	$26K	$517K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5993	+0.653%	$64K	$507K	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	0.5984	+0.505%	$1.6M	$3.2M	20x	as long as short
Variational Omni PONS	+0.0105%	4h	0.5961	+0.118%	$1.4M	$3.9M	—	as long as short
Aevo PONS-PERP	+0.0192%	1h	0.5971	+0.295%	$372	—	3x	as long as short
Nado PONS-PERP	+0.0245%	1h	0.5985	+0.522%	$70K	$129K	5x	as long as short
OKX PONS-USDT-SWAP	+0.0278%	4h	0.5985	+0.522%	$13.7M	$54.1M	20x	as long as short
KuCoin PONSUSDTM	+0.0346%	4h	0.5988	+0.579%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0384%	4h	0.5983	+0.490%	$4.7M	$11.3M	20x	as long as short
Aster PONSUSDT	+0.0399%	4h	0.5982	+0.478%	$1.1M	$2.0M	20x	as long as short
MEXC PONS_USDT	+0.0460%	4h	0.5986	+0.539%	$7.6M	$4.7M	20x	as long as short
Binance PONSUSDT	+0.0461%	4h	0.5988	+0.568%	$39.2M	$93.7M	20x	as long as short
Extended PONS-USD	+0.0464%	1h	0.5981	+0.463%	$248K	$670K	5x	as long as short
edgeX PONSUSDClong	+0.0470%	4h	0.5954	long leg	$18K	$295K	10x
Gate PONS_USDTshort	+0.0478%	4h	0.5983	+0.489%	$5.2M	$6.2M	20x
BingX PONS-USDT	+0.0498%	4h	0.5989	+0.589%	—	$3.0M	—	as long as short
Bybit PONSUSDT	+0.0506%	4h	0.5986	+0.539%	$17.9M	$30.3M	20x	as long as short
BloFin PONS-USDT	+0.0701%	4h	0.5986	+0.539%	$1.8M	$953K	20x	as long as short
Hyperliquid PONS	+0.0705%	1h	0.5985	+0.522%	$60.9M	$27.7M	3x	as long as short
Pacifica PONS	+0.0755%	1h	0.5982	+0.468%	$47K	$72K	3x	as long as short
Polymarket Perps PONS-USD	+0.0769%	1h	0.5985	+0.515%	$49K	$1.6M	3x	as long as short
Phoenix PONS	+0.1639%	1h	0.5973	+0.317%	$31K	$98K	3x	as long as short