PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0180%/8h= −19.7% APRnext payment −$0.90 per $10,000 · paid last 24h −0.029%

Price spread now: Binance against Gate−0.044%7-day average +0.062% · you buy dearer than you sell

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$810.812% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.078%−$8 on $10k

Price spread, last 7 days+0.102%+$10 · spread now −0.044%, 7d avg +0.062%

Together, before fees+0.025%+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Binance is 0.106% cheaper against Gate than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.062%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PONS_USDT	0.6016	0.0586	pay 0.0293% / 4h	2h 33m	$5.3M	$6.1M	20x
Short	Binance PONSUSDT	0.6013	0.0406	get 0.0203% / 4h	2h 33m	$39.4M	$95.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.044%Rate

Funding earned: −$37.8
Price spread: −0.044% → +0.062%: −$10.6
Slippage, 4 orders: −$56.25
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$129.65
Costs to cover: 0.812%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; Binance: live order book, 9 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, 5 min ago	2.49 bp	26.2 bp −$26	224.3 bp −$2,243	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	0.83 bp	12.9 bp −$13	38.2 bp −$382	265.7 bp −$26.6K	doesn't fit

PONS on 29 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 −0.0033%	1h	0.6026	+0.174%	$239K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.773%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6013	−0.050%	$20K	$424K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6045	+0.475%	$1.4M	$4.0M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6040	+0.401%	$33K	$353K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6042	+0.437%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6040	+0.392%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6035	+0.319%	$26K	$526K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6057	+0.682%	$65K	$510K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6034	+0.299%	$1.7M	$3.2M	20x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH PONS	+0.0128%	1h	0.6023	+0.115%	$420K	$2.5M	3x	as long as short
Aevo PONS-PERP	+0.0184%	1h	0.6038	+0.366%	$376	—	3x	as long as short
KuCoin PONSUSDTM	+0.0216%	4h	0.6011	−0.076%	$1.7M	$3.7M	20x	as long as short
OKX PONS-USDT-SWAP	+0.0221%	4h	0.6009	−0.116%	$13.8M	$55.4M	20x	as long as short
Nado PONS-PERP	+0.0248%	1h	0.6039	+0.383%	$71K	$131K	5x	as long as short
Bybit PONSUSDT	+0.0268%	4h	0.6010	−0.100%	$18.0M	$30.8M	20x	as long as short
Lighter PONS	+0.0280%	1h	0.6023	+0.115%	$1.7M	$884K	3x	as long as short
Bitget PONSUSDT	+0.0298%	4h	0.6012	−0.062%	$4.7M	$11.3M	20x	as long as short
Aster PONSUSDT	+0.0360%	4h	0.6033	+0.287%	$1.1M	$2.0M	20x	as long as short
BingX PONS-USDT	+0.0396%	4h	0.6014	−0.033%	—	$3.0M	—	as long as short
Binance PONSUSDTshort	+0.0406%	4h	0.6013	−0.044%	$39.4M	$95.8M	20x
Extended PONS-USD	+0.0408%	1h	0.6020	+0.063%	$249K	$682K	5x	as long as short
MEXC PONS_USDT	+0.0408%	4h	0.6017	+0.017%	$7.7M	$4.7M	20x	as long as short
edgeX PONSUSDC	+0.0414%	4h	0.6039	+0.387%	$21K	$293K	10x	as long as short
Gate PONS_USDTlong	+0.0586%	4h	0.6016	long leg	$5.3M	$6.1M	20x
Hyperliquid PONS	+0.0693%	1h	0.6019	+0.053%	$61.2M	$28.2M	3x	as long as short
Polymarket Perps PONS-USD	+0.0734%	1h	0.6033	+0.288%	$45K	$1.6M	3x	as long as short
Pacifica PONS	+0.0869%	1h	0.6018	+0.032%	$47K	$75K	3x	as long as short
Phoenix PONS	+0.1695%	1h	0.6009	−0.110%	$31K	$107K	3x	as long as short