PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0158%/8h= −17.3% APRnext payment −$0.20 per $10,000 · paid last 24h −0.114%

Price spread now: gTrade (Gains Network) against Extended−0.133%7-day average −0.120% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$4,642as in the Price arb table

costs, in and out, $10k−$4,64146.406% of the position

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)−0.123%−$12 on $10k

Price spread, last 3 days (all we have)+0.058%+$6 · spread now −0.133%, 7d avg −0.120%

Together, before fees−0.065%+ Points / potential airdropExtended: Active · farm board−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.120%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended PONS-USD	0.5988	0.0192	pay 0.0024% / 1h	21m 14s	$248K	$667K	5x
Short	gTrade (Gains Network) PONS/USD	0.5980	L +0.0033% / S −0.0034%	get 0.0004% / 1h	21m 14s	$219K	—	150x

Funding history

latest

Range statsloading…

gTrade (Gains Network) against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee ExtendedbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.133%Rate

Slippage from Extended: live order book, 62 min ago; gTrade (Gains Network): virtual book (oracle venue), 63 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Extended live order book, 62 min ago	9.50 bp	24.7 bp −$25	163.3 bp −$1,633	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 63 min ago	130.01 bp	2471.2 bp −$2,471	doesn't fit	doesn't fit	doesn't fit

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/USDshort	L +0.0033% / S −0.0034%	1h	0.5980	−0.133%	$219K	—	150x
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.306%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5991	+0.053%	$19K	$438K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.5984	−0.064%	$17.9M	$31.5M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.5980	−0.131%	$13.5M	$56.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.5989	+0.021%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.5984	−0.061%	$4.7M	$11.6M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.5961	−0.444%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5994	+0.108%	$35K	$350K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5995	+0.115%	$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	0.5991	+0.050%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5987	−0.022%	$27K	$548K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5993	+0.088%	$64K	$506K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5989	+0.020%	$1.7M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.5988	−0.006%	$373	—	3x	as long as short
Aster PONSUSDT	+0.0145%	4h	0.5988	−0.004%	$1.1M	$2.2M	20x	as long as short
edgeX PONSUSDC	+0.0174%	4h	0.5991	+0.056%	$21K	$292K	10x	as long as short
BingX PONS-USDT	+0.0182%	4h	0.5981	−0.114%	—	$3.1M	—	as long as short
Binance PONSUSDT	+0.0191%	4h	0.5988	−0.002%	$38.9M	$97.8M	20x	as long as short
Extended PONS-USDlong	+0.0192%	1h	0.5988	long leg	$248K	$667K	5x
MEXC PONS_USDT	+0.0192%	4h	0.5986	−0.031%	$7.7M	$4.9M	20x	as long as short
Nado PONS-PERP	+0.0232%	1h	0.5990	+0.036%	$91K	$103K	5x	as long as short
Lighter RH PONS	+0.0384%	1h	0.5989	+0.018%	$423K	$2.7M	3x	as long as short
BloFin PONS-USDT	+0.0431%	4h	0.5986	−0.031%	$1.7M	$980K	20x	as long as short
Pacifica PONS	+0.0451%	1h	0.5996	+0.130%	$47K	$96K	3x	as long as short
Polymarket Perps PONS-USD	+0.0500%	1h	0.5989	+0.028%	$37K	$1.7M	3x	as long as short
Hyperliquid PONS	+0.0673%	1h	0.5984	−0.062%	$60.5M	$30.1M	3x	as long as short
Lighter PONS	+0.0728%	1h	0.5989	+0.018%	$1.7M	$998K	3x	as long as short
Gate PONS_USDT	+0.1338%	4h	0.5984	−0.064%	$5.2M	$6.5M	20x	as long as short
Phoenix PONS	+0.1398%	1h	0.5991	+0.055%	$30K	$96K	3x	as long as short