PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0375%/8h= +41.1% APRnext payment +$0.47 per $10,000 · paid last 24h +0.107%

Price spread now: Extended against gTrade (Gains Network)+0.288%7-day average +0.121% · 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−$4,624as in the Price arb table

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

Long on gTrade (Gains Network)Short on Extended

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)+0.134%+$13 on $10k

Price spread, last 3 days (all we have)−0.194%−$19 · spread now +0.288%, 7d avg +0.121%

Together, before fees−0.060%+ Points / potential airdropExtended: Active · farm board−$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Extended is 0.167% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.121%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) PONS/USD	0.6048	L +0.0033% / S −0.0033%	pay 0.0004% / 1h	49m 54s	$240K	—	150x
Short	Extended PONS-USD	0.6065	0.0408	get 0.0051% / 1h	49m 54s	$250K	$682K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.288%Rate

Funding earned: $78.78
Price spread: +0.288% → +0.121%: $16.66
Slippage, 4 orders: −$4,623.6
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$4,545.16
Costs to cover: 46.406%
Break-even: 410.9 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 19 min ago; Extended: live order book, 18 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), 19 min ago	130.01 bp	2119.7 bp −$2,120	16868.4 bp −$168.7K	doesn't fit	doesn't fit
Sell Extended live order book, 18 min ago	11.01 bp	24.6 bp −$25	178.2 bp −$1,782	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	0.6048	long leg	$240K	—	150x
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.296%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6063	+0.250%	$18K	$422K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6048	−0.006%	$1.4M	$4.1M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6019	−0.485%	$33K	$353K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6066	+0.299%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6063	+0.248%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6059	+0.187%	$26K	$529K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6063	+0.250%	$64K	$510K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6060	+0.200%	$1.7M	$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
Aevo PONS-PERP	+0.0184%	1h	0.6062	+0.233%	$378	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0226%	4h	0.6065	+0.283%	$13.9M	$56.0M	20x	as long as short
KuCoin PONSUSDTM	+0.0232%	4h	0.6064	+0.261%	$1.7M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0294%	4h	0.6068	+0.334%	$4.7M	$11.4M	20x	as long as short
Bybit PONSUSDT	+0.0337%	4h	0.6065	+0.283%	$18.2M	$30.8M	20x	as long as short
Aster PONSUSDT	+0.0339%	4h	0.6065	+0.286%	$1.1M	$2.0M	20x	as long as short
Lighter PONS	+0.0376%	1h	0.6056	+0.130%	$1.7M	$881K	3x	as long as short
edgeX PONSUSDC	+0.0379%	4h	0.6027	−0.353%	$21K	$292K	10x	as long as short
BingX PONS-USDT	+0.0384%	4h	0.6068	+0.332%	—	$3.1M	—	as long as short
MEXC PONS_USDT	+0.0400%	4h	0.6065	+0.283%	$7.8M	$4.7M	20x	as long as short
Binance PONSUSDT	+0.0406%	4h	0.6067	+0.311%	$39.8M	$96.0M	20x	as long as short
Extended PONS-USDshort	+0.0408%	1h	0.6065	+0.288%	$250K	$682K	5x
Nado PONS-PERP	+0.0418%	1h	0.6064	+0.261%	$71K	$132K	5x	as long as short
Lighter RH PONS	+0.0432%	1h	0.6056	+0.127%	$422K	$2.5M	3x	as long as short
BloFin PONS-USDT	+0.0640%	4h	0.6045	−0.048%	$1.8M	$980K	20x	as long as short
Hyperliquid PONS	+0.0761%	1h	0.6067	+0.316%	$61.7M	$28.7M	3x	as long as short
Gate PONS_USDT	+0.0824%	4h	0.6053	+0.084%	$5.3M	$6.1M	20x	as long as short
Polymarket Perps PONS-USD	+0.0844%	1h	0.6062	+0.235%	$46K	$1.6M	3x	as long as short
Pacifica PONS	+0.0869%	1h	0.6064	+0.270%	$48K	$78K	3x	as long as short
Phoenix PONS	+0.1695%	1h	0.6016	−0.528%	$31K	$107K	3x	as long as short