PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0068%/8h= +7.4% APRnext payment +$0.09 per $10,000 · paid last 24h +0.020%

Price spread now: SoDEX against gTrade (Gains Network)+0.118%7-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−$4,696as in the Price arb table

costs, in and out, $10k−$4,69346.933% of the position

Long on gTrade (Gains Network)Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 2 days (all we have)+0.033%+$3 on $10k

Price spread, last 4 days (all we have)+0.759%+$76 · spread now +0.118%, 7d avg +0.146%

Together, before fees+0.791%+$79 on $10k · with fees, hour by hour

Funding pays, the price is against you. SoDEX is 0.028% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread +0.118% now, against its 7-day average of +0.146%). If the spread goes back, that is −$3 on $10k: about 33 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) PONS/USD	0.6196	L +0.0032% / S −0.0030%	pay 0.0004% / 1h	45m 27s	$242K	—	150x
Short	SoDEX PONS-USD	0.6203	0.0100	get 0.0013% / 1h	45m 27s	$26K	$615K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.118%Rate

Funding earned: $14.29
Price spread: +0.118% → +0.146%: −$2.83
Slippage, 4 orders: −$4,673.31
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$4,681.85
Costs to cover: 46.933%
Break-even: 2300.8 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 53 min ago; SoDEX: live order book, 53 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), 53 min ago	130.01 bp	2120.0 bp −$2,120	16869.2 bp −$168.7K	doesn't fit	doesn't fit
Sell SoDEX live order book, 53 min ago	1.60 bp	61.4 bp −$61	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 +0.0032% / S −0.0030%	1h	0.6196	long leg	$242K	—	150x
Injective PONS/USDC PERP	+0.0033%	1h	0.5938	−4.149%	$610	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6205	+0.152%	$23K	$437K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6210	+0.231%	$73K	$130K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6193	−0.048%	$31K	$293K	5x	as long as short
Polymarket Perps PONS-USD	+0.0100%	1h	0.6195	−0.009%	$72K	$2.3M	3x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6204	+0.144%	$2K	$4K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6201	+0.086%	—	$1.2M	10x	as long as short
SoDEX PONS-USDshort	+0.0100%	1h	0.6203	+0.118%	$26K	$615K	3x
HTX PONS-USDT	+0.0100%	4h	0.6225	+0.478%	$66K	$527K	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	0.6201	+0.087%	$1.7M	$3.2M	20x	as long as short
Aevo PONS-PERP	+0.0232%	1h	0.6203	+0.116%	$386	—	3x	as long as short
Lighter RH PONS	+0.0256%	1h	0.6208	+0.200%	$420K	$2.7M	3x	as long as short
Hyperliquid PONS	+0.0296%	1h	0.6206	+0.173%	$63.5M	$30.8M	3x	as long as short
OKX PONS-USDT-SWAP	+0.0392%	4h	0.6203	+0.120%	$14.1M	$60.8M	20x	as long as short
Aster PONSUSDT	+0.0431%	4h	0.6203	+0.117%	$1.1M	$2.3M	20x	as long as short
KuCoin PONSUSDTM	+0.0468%	4h	0.6202	+0.110%	$1.6M	$4.0M	20x	as long as short
Gate PONS_USDT	+0.0548%	4h	0.6199	+0.055%	$5.4M	$6.3M	20x	as long as short
Variational Omni PONS	+0.0551%	4h	0.6199	+0.055%	$1.5M	$4.4M	—	as long as short
Binance PONSUSDT	+0.0623%	4h	0.6208	+0.204%	$40.7M	$104.4M	20x	as long as short
Extended PONS-USD	+0.0624%	1h	0.6205	+0.148%	$104K	$828K	5x	as long as short
MEXC PONS_USDT	+0.0624%	4h	0.6208	+0.200%	$7.9M	$4.6M	20x	as long as short
edgeX PONSUSDC	+0.0637%	4h	0.6186	−0.150%	$20K	$292K	10x	as long as short
Bitget PONSUSDT	+0.0696%	4h	0.6210	+0.230%	$4.9M	$13.1M	20x	as long as short
Lighter PONS	+0.0736%	1h	0.6212	+0.263%	$1.7M	$867K	3x	as long as short
Pacifica PONS	+0.0853%	1h	0.6205	+0.153%	$47K	$77K	3x	as long as short
BloFin PONS-USDT	+0.0857%	4h	0.6208	+0.200%	$1.8M	$1.1M	20x	as long as short
BingX PONS-USDT	+0.0964%	4h	0.6201	+0.087%	—	$3.3M	—	as long as short
Bybit PONSUSDT	+0.1078%	4h	0.6207	+0.184%	$18.8M	$33.2M	20x	as long as short
Phoenix PONS	+0.1714%	1h	0.6205	+0.159%	$47K	$159K	3x	as long as short