PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0108%/8h= +11.8% APRnext payment +$0.54 per $10,000 · paid last 24h −0.054%

Price spread now: Bitget against Gate+0.170%7-day average +0.046% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$890.894% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.169%−$17 on $10k

Price spread, last 7 days−0.177%−$18 · spread now +0.170%, 7d avg +0.046%

Together, before fees−0.346%−$35 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bitget is 0.124% dearer against Gate than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.046%. Mind the row above: over the last 7 days funding on this pair cost −0.169%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PONS_USDT	0.6015	0.0408	pay 0.0204% / 4h	3h 34m	$5.3M	$6.2M	20x
Short	Bitget PONSUSDT	0.6025	0.0516	get 0.0258% / 4h	3h 34m	$4.6M	$11.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.170%Rate

Funding earned: $22.68
Price spread: +0.170% → +0.046%: $12.36
Slippage, 4 orders: −$62.36
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$54.32
Costs to cover: 0.894%
Break-even: 23.8 days

Slippage from Gate: live order book, 4 min ago; Bitget: live order book, 4 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, 4 min ago	0.83 bp	23.1 bp −$23	183.5 bp −$1,835	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	2.08 bp	24.8 bp −$25	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/USD	L +0.0033% / S −0.0032%	1h	0.6013	−0.030%	$239K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.756%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6024	+0.150%	$21K	$416K	20x	as long as short
Nado PONS-PERP	+0.0100%	1h	0.6023	+0.134%	$71K	$129K	5x	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6023	+0.131%	$35K	$342K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6029	+0.236%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6020	+0.091%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6033	+0.299%	$26K	$530K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6028	+0.216%	$65K	$513K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6030	+0.249%	$1.7M	$3.2M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH PONS	+0.0128%	1h	0.6030	+0.248%	$409K	$2.5M	3x	as long as short
Aevo PONS-PERP	+0.0240%	1h	0.6021	+0.108%	$375	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0337%	4h	0.6019	+0.067%	$13.7M	$55.1M	20x	as long as short
Variational Omni PONS	+0.0398%	4h	0.6017	+0.041%	$1.5M	$3.9M	—	as long as short
Gate PONS_USDTlong	+0.0408%	4h	0.6015	long leg	$5.3M	$6.2M	20x
Lighter PONS	+0.0488%	1h	0.6033	+0.298%	$1.7M	$892K	3x	as long as short
Hyperliquid PONS	+0.0492%	1h	0.6020	+0.076%	$61.5M	$28.0M	3x	as long as short
Aster PONSUSDT	+0.0504%	4h	0.6034	+0.316%	$1.1M	$2.1M	20x	as long as short
Bitget PONSUSDTshort	+0.0516%	4h	0.6025	+0.170%	$4.6M	$11.5M	20x
edgeX PONSUSDC	+0.0614%	4h	0.6027	+0.193%	$18K	$293K	10x	as long as short
Binance PONSUSDT	+0.0621%	4h	0.6025	+0.166%	$39.4M	$94.3M	20x	as long as short
Extended PONS-USD	+0.0624%	1h	0.6022	+0.115%	$108K	$808K	5x	as long as short
MEXC PONS_USDT	+0.0626%	4h	0.6018	+0.050%	$7.7M	$4.7M	20x	as long as short
Polymarket Perps PONS-USD	+0.0677%	1h	0.6017	+0.035%	$73K	$1.6M	3x	as long as short
KuCoin PONSUSDTM	+0.0732%	4h	0.6026	+0.175%	$1.6M	$3.8M	20x	as long as short
BingX PONS-USDT	+0.0808%	4h	0.6024	+0.150%	—	$2.9M	—	as long as short
BloFin PONS-USDT	+0.0866%	4h	0.6040	+0.416%	$1.8M	$968K	20x	as long as short
Bybit PONSUSDT	+0.0995%	4h	0.6022	+0.116%	$18.1M	$30.6M	20x	as long as short
Pacifica PONS	+0.1081%	1h	0.6035	+0.329%	$48K	$67K	3x	as long as short
Phoenix PONS	+0.1586%	1h	0.6029	+0.228%	$46K	$109K	3x	as long as short