PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0067%/8h= +7.4% APRpaid last 24h +0.021%

Price spread now: Phemex against gTrade (Gains Network)+0.175%7-day average +0.153% · 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−$4,664as in the Price arb table

costs, in and out, $10k−$4,66746.665% of the position

Long on gTrade (Gains Network)Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)+0.029%+$3 on $10k

Price spread, last 4 days (all we have)+0.121%+$12 · spread now +0.175%, 7d avg +0.153%

Together, before fees+0.150%+$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Phemex is 0.022% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.153%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) PONS/USD	0.5900	L +0.0033% / S −0.0032%	pay 0.0004% / 1h	36m 38s	$234K	—	150x
Short	Phemex PONSUSDT	0.5910	0.0100	get 0.0050% / 4h	2h 36m	$1.6M	$3.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.175%Rate

Funding earned: $14.1
Price spread: +0.175% → +0.153%: $2.17
Slippage, 4 orders: −$4,642.51
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$4,650.24
Costs to cover: 46.665%
Break-even: 2316.1 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 12 min ago; Phemex: live order book, 2 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), 12 min ago	130.01 bp	2119.4 bp −$2,119	16868.4 bp −$168.7K	doesn't fit	doesn't fit
Sell Phemex live order book, 2 min ago	1.70 bp	37.2 bp −$37	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 −0.0032%	1h	0.5900	long leg	$234K	—	150x
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+1.184%	$614	$10K	5.5x	as long as short
Lighter RH PONS	+0.0096%	1h	0.5908	+0.150%	$413K	$2.5M	3x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5911	+0.192%	$21K	$418K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.5908	+0.136%	$69K	$130K	5x	as long as short
Gate PONS_USDT	+0.0100%	4h	0.5909	+0.158%	$5.2M	$6.2M	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.5882	−0.300%	$29K	$334K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5912	+0.206%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5908	+0.145%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5909	+0.167%	$25K	$547K	3x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PONS-USDT	+0.0100%	4h	0.5907	+0.124%	$64K	$513K	20x	as long as short
Phemex PONSUSDTshort	+0.0100%	4h	0.5910	+0.175%	$1.6M	$3.2M	20x
Aevo PONS-PERP	+0.0232%	1h	0.5884	−0.265%	$367	—	3x	as long as short
Hyperliquid PONS	+0.0240%	1h	0.5907	+0.129%	$60.1M	$29.1M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0371%	4h	0.5913	+0.226%	$13.4M	$54.7M	20x	as long as short
Aster PONSUSDT	+0.0480%	4h	0.5905	+0.098%	$1.1M	$2.2M	20x	as long as short
Variational Omni PONS	+0.0551%	4h	0.5915	+0.261%	$1.4M	$4.1M	—	as long as short
Bitget PONSUSDT	+0.0568%	4h	0.5916	+0.275%	$4.7M	$11.8M	20x	as long as short
Lighter PONS	+0.0592%	1h	0.5911	+0.190%	$1.6M	$886K	3x	as long as short
Extended PONS-USD	+0.0592%	1h	0.5911	+0.200%	$106K	$807K	5x	as long as short
MEXC PONS_USDT	+0.0592%	4h	0.5914	+0.243%	$7.5M	$4.7M	20x	as long as short
Binance PONSUSDT	+0.0603%	4h	0.5914	+0.251%	$38.7M	$94.9M	20x	as long as short
edgeX PONSUSDC	+0.0621%	4h	0.5886	−0.223%	$20K	$295K	10x	as long as short
Pacifica PONS	+0.0715%	1h	0.5913	+0.226%	$46K	$68K	3x	as long as short
KuCoin PONSUSDTM	+0.0744%	4h	0.5913	+0.217%	$1.6M	$3.8M	20x	as long as short
BingX PONS-USDT	+0.0766%	4h	0.5916	+0.277%	—	$3.0M	—	as long as short
Polymarket Perps PONS-USD	+0.0791%	1h	0.5910	+0.168%	$112K	$1.7M	3x	as long as short
Bybit PONSUSDT	+0.0830%	4h	0.5914	+0.243%	$17.7M	$31.0M	20x	as long as short
BloFin PONS-USDT	+0.0832%	4h	0.5911	+0.192%	$1.7M	$941K	20x	as long as short
Phoenix PONS	+0.1719%	1h	0.5887	−0.218%	$45K	$121K	3x	as long as short