PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.1703%/8h= +186.4% APRnext payment +$2.13 per $10,000 · paid last 24h +0.407%

Price spread now: Phoenix against gTrade (Gains Network)+0.163%63s7-day average +0.146% · 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—prices read too far apart to compare

costs, in and out, $10k−$4,63346.328% of the position

Long on gTrade (Gains Network)Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)+0.557%+$56 on $10k

Price spread, last 4 days (all we have)−0.022%−$2 · spread now +0.163%, 7d avg +0.146%

Together, before fees+0.535%+$53 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.146%, so right now this pair is about funding alone: +$51 a day on $10k at the current rate. The two prices were read 63 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	gTrade (Gains Network) PONS/USD	0.5997	L +0.0033% / S −0.0032%	pay 0.0004% / 1h	0m 21s	$238K	—	150x
Short	Phoenix PONS	0.6006	0.1736	get 0.0217% / 1h	0m 21s	$35K	$104K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.163%Rate

Funding earned: $357.57
Price spread: +0.163% → +0.146%: $1.77
Slippage, 4 orders: −$4,613.79
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$4,273.45
Costs to cover: 46.328%
Break-even: 90.7 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 59 min ago; Phoenix: live order book, 49 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), 59 min ago	130.00 bp	2119.7 bp −$2,120	16867.9 bp −$168.7K	doesn't fit	doesn't fit
Sell Phoenix live order book, 49 min ago	4.57 bp	21.0 bp −$21	71.4 bp −$714	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	0.5997	long leg	$238K	—	150x
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.450%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6005	+0.142%	$21K	$435K	20x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6025	+0.482%	$35K	$345K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6010	+0.232%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6009	+0.212%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6004	+0.125%	$26K	$538K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6019	+0.375%	$65K	$512K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6009	+0.208%	$1.7M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0232%	1h	0.6007	+0.167%	$374	—	3x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado PONS-PERP	+0.0295%	1h	0.6002	+0.092%	$70K	$129K	5x	as long as short
Variational Omni PONS	+0.0303%	4h	0.6008	+0.191%	$1.4M	$3.9M	—	as long as short
OKX PONS-USDT-SWAP	+0.0318%	4h	0.6003	+0.108%	$13.6M	$55.3M	20x	as long as short
Lighter PONS	+0.0376%	1h	0.6005	+0.140%	$1.6M	$897K	3x	as long as short
Lighter RH PONS	+0.0448%	1h	0.6006	+0.152%	$412K	$2.6M	3x	as long as short
Aster PONSUSDT	+0.0449%	4h	0.6005	+0.149%	$1.1M	$2.1M	20x	as long as short
Gate PONS_USDT	+0.0490%	4h	0.6000	+0.058%	$5.2M	$6.4M	20x	as long as short
Bitget PONSUSDT	+0.0492%	4h	0.6007	+0.170%	$4.6M	$11.5M	20x	as long as short
Bybit PONSUSDT	+0.0502%	4h	0.6004	+0.125%	$17.9M	$30.9M	20x	as long as short
BingX PONS-USDT	+0.0572%	4h	0.6006	+0.158%	—	$3.0M	—	as long as short
Extended PONS-USD	+0.0600%	1h	0.6000	+0.064%	$108K	$813K	5x	as long as short
Binance PONSUSDT	+0.0602%	4h	0.6005	+0.138%	$39.3M	$95.3M	20x	as long as short
MEXC PONS_USDT	+0.0602%	4h	0.6003	+0.108%	$7.5M	$4.8M	20x	as long as short
edgeX PONSUSDC	+0.0606%	4h	0.6012	+0.252%	$18K	$293K	10x	as long as short
KuCoin PONSUSDTM	+0.0694%	4h	0.6005	+0.138%	$1.6M	$3.8M	20x	as long as short
Hyperliquid PONS	+0.0819%	1h	0.6005	+0.137%	$61.4M	$28.4M	3x	as long as short
BloFin PONS-USDT	+0.0842%	4h	0.6015	+0.309%	$1.8M	$958K	20x	as long as short
Pacifica PONS	+0.0859%	1h	0.6003	+0.113%	$47K	$67K	3x	as long as short
Polymarket Perps PONS-USD	+0.0860%	1h	0.6005	+0.133%	$71K	$1.6M	3x	as long as short
Phoenix PONSshort	+0.1736%	1h	0.6006	+0.163%	$35K	$104K	3x