PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.1469%/8h= −160.9% APRnext payment −$7.35 per $10,000 · paid last 24h −0.039%

Price spread now: Aster against Gate−0.070%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$740.742% of the position

Long on Gate Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.313%−$31 on $10k

Price spread, last 7 days+0.066%+$7 · spread now −0.070%, 7d avg −0.011%

Together, before fees−0.247%+ Points / potential airdropAster: Stage 5 · farm board−$25 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$44 a day on $10k at the current rate, and Aster is 0.060% cheaper against Gate than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.011%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.313% in total (about -16.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$7.35 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PONS_USDT	0.6072	0.1604	pay 0.0802% / 4h	1h 02m	$5.3M	$6.5M	20x
Short	Aster PONSUSDT	0.6068	0.0135	get 0.0067% / 4h	1h 02m	$1.1M	$2.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Gate. 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 GatebpFee AsterbpOrdersPrice spread, now −0.070%Rate

Funding earned: −$308.56
Price spread: −0.070% → −0.011%: −$5.99
Slippage, 4 orders: −$51.19
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aster: 4 bp × 2 orders: −$8
Net: −$388.74
Costs to cover: 0.742%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; Aster: 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 Gate live order book, 1 min ago	2.48 bp	27.5 bp −$28	197.6 bp −$1,976	doesn't fit	doesn't fit
Sell Aster live order book, 1 min ago	3.64 bp	11.4 bp −$11	32.2 bp −$322	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/USD	L +0.0033% / S −0.0036%	1h	0.6035	−0.611%	$227K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−1.688%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6050	−0.362%	$17K	$444K	20x	as long as short
Bybit PONSUSDT	+0.0100%	4h	0.6087	+0.247%	$18.3M	$31.7M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0100%	4h	0.6090	+0.296%	$13.8M	$57.6M	20x	as long as short
KuCoin PONSUSDTM	+0.0100%	4h	0.6087	+0.247%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDT	+0.0100%	4h	0.6093	+0.341%	$4.8M	$11.7M	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6007	−1.067%	$1.4M	$4.3M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6007	−1.070%	$35K	$354K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6054	−0.293%	$3K	$3K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX PONS-USDT	+0.0100%	4h	0.6049	−0.377%	—	$1.4M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6048	−0.387%	$27K	$545K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6048	−0.387%	$65K	$507K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6041	−0.511%	$1.7M	$3.3M	20x	as long as short
Aevo PONS-PERP	+0.0128%	1h	0.6048	−0.393%	$377	—	3x	as long as short
Aster PONSUSDTshort	+0.0135%	4h	0.6068	−0.070%	$1.1M	$2.2M	20x
BingX PONS-USDT	+0.0188%	4h	0.6084	+0.198%	—	$3.1M	—	as long as short
edgeX PONSUSDC	+0.0189%	4h	0.6019	−0.870%	$21K	$293K	10x	as long as short
MEXC PONS_USDT	+0.0192%	4h	0.6084	+0.198%	$8.1M	$5.0M	20x	as long as short
Extended PONS-USD	+0.0200%	1h	0.6066	−0.105%	$250K	$678K	5x	as long as short
Binance PONSUSDT	+0.0203%	4h	0.6082	+0.165%	$39.6M	$98.3M	20x	as long as short
Nado PONS-PERP	+0.0206%	1h	0.6050	−0.364%	$91K	$103K	5x	as long as short
Lighter RH PONS	+0.0296%	1h	0.6091	+0.311%	$430K	$2.7M	3x	as long as short
BloFin PONS-USDT	+0.0443%	4h	0.6050	−0.362%	$1.7M	$989K	20x	as long as short
Pacifica PONS	+0.0451%	1h	0.6049	−0.378%	$48K	$96K	3x	as long as short
Polymarket Perps PONS-USD	+0.0507%	1h	0.6047	−0.410%	$38K	$1.7M	3x	as long as short
Lighter PONS	+0.0664%	1h	0.6091	+0.311%	$1.7M	$1.0M	3x	as long as short
Hyperliquid PONS	+0.0699%	1h	0.6095	+0.372%	$61.8M	$30.4M	3x	as long as short
Phoenix PONS	+0.1398%	1h	0.6015	−0.944%	$31K	$96K	3x	as long as short
Gate PONS_USDTlong	+0.1604%	4h	0.6072	long leg	$5.3M	$6.5M	20x