PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0225%/8h= +24.7% APRpaid last 24h +0.106%

Price spread now: Bitget against gTrade (Gains Network)+0.328%7-day average +0.179% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$4,618as in the Price arb table

costs, in and out, $10k−$4,63346.329% of the position

Long on gTrade (Gains Network)Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)+0.149%+$15 on $10k

Price spread, last 3 days (all we have)−0.091%−$9 · spread now +0.328%, 7d avg +0.179%

Together, before fees+0.057%+$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Bitget is 0.149% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.179%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) PONS/USD	0.6074	L +0.0033% / S −0.0033%	pay 0.0004% / 1h	17m 58s	$240K	—	150x
Short	Bitget PONSUSDT	0.6094	0.0258	get 0.0129% / 4h	3h 17m	$4.8M	$11.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BitgetbpOrdersPrice spread, now +0.328%Rate

Funding earned: $47.28
Price spread: +0.328% → +0.179%: $14.89
Slippage, 4 orders: −$4,608.9
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$4,570.73
Costs to cover: 46.329%
Break-even: 683.8 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 56 min ago; Bitget: live order book, 1 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 gTrade (Gains Network) virtual book (oracle venue), 56 min ago	130.01 bp	2119.5 bp −$2,119	16868.2 bp −$168.7K	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	3.29 bp	19.7 bp −$20	doesn't fit	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/USDlong	L +0.0033% / S −0.0033%	1h	0.6074	long leg	$240K	—	150x
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.719%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.6084	+0.166%	$429K	$2.6M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6074	+0.002%	$20K	$415K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6082	+0.133%	$1.4M	$4.2M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6093	+0.321%	$33K	$358K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6079	+0.086%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6089	+0.255%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6084	+0.165%	$28K	$544K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6080	+0.100%	$65K	$510K	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	0.6083	+0.150%	$1.7M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0168%	1h	0.6077	+0.054%	$379	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0183%	4h	0.6090	+0.265%	$13.9M	$56.5M	20x	as long as short
KuCoin PONSUSDTM	+0.0192%	4h	0.6082	+0.128%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDTshort	+0.0258%	4h	0.6094	+0.328%	$4.8M	$11.4M	20x
Aster PONSUSDT	+0.0272%	4h	0.6073	−0.013%	$1.1M	$2.1M	20x	as long as short
MEXC PONS_USDT	+0.0354%	4h	0.6093	+0.314%	$7.9M	$4.8M	20x	as long as short
Extended PONS-USD	+0.0360%	1h	0.6090	+0.258%	$252K	$678K	5x	as long as short
Binance PONSUSDT	+0.0360%	4h	0.6090	+0.265%	$40.0M	$96.3M	20x	as long as short
edgeX PONSUSDC	+0.0379%	4h	0.6082	+0.130%	$21K	$293K	10x	as long as short
Lighter PONS	+0.0416%	1h	0.6084	+0.166%	$1.7M	$933K	3x	as long as short
BingX PONS-USDT	+0.0591%	4h	0.6090	+0.265%	—	$3.1M	—	as long as short
BloFin PONS-USDT	+0.0595%	4h	0.6077	+0.051%	$1.8M	$997K	20x	as long as short
Bybit PONSUSDT	+0.0607%	4h	0.6090	+0.265%	$18.3M	$30.9M	20x	as long as short
Nado PONS-PERP	+0.0618%	1h	0.6072	−0.036%	$105K	$115K	5x	as long as short
Pacifica PONS	+0.0665%	1h	0.6069	−0.085%	$48K	$78K	3x	as long as short
Gate PONS_USDT	+0.0758%	4h	0.6077	+0.051%	$5.3M	$6.2M	20x	as long as short
Polymarket Perps PONS-USD	+0.0767%	1h	0.6075	+0.023%	$44K	$1.6M	3x	as long as short
Hyperliquid PONS	+0.0874%	1h	0.6089	+0.255%	$62.0M	$29.1M	3x	as long as short
Phoenix PONS	+0.1608%	1h	0.6095	+0.341%	$32K	$113K	3x	as long as short