PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0348%/8h= +38.1% APRnext payment +$1.74 per $10,000 · paid last 24h −0.006%

Price spread now: Bybit against Gate−0.184%7-day average +0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$810.814% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.178%−$18 on $10k

Price spread, last 7 days+0.256%+$26 · spread now −0.184%, 7d avg +0.017%

Together, before fees+0.078%+$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.201% cheaper against Gate than usual: you would sell low and buy high (spread −0.184% now, against its 7-day average of +0.017%). If the spread goes back, that is −$20 on $10k: about 46 hours of funding at the current rate (+$10 a day). Mind the row above: over the last 7 days funding on this pair cost −0.178%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.178% in total (about -9.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.74 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	0.5981	0.0100	pay 0.0050% / 4h	31m 35s	$5.3M	$6.3M	20x
Short	Bybit PONSUSDT	0.5970	0.0448	get 0.0224% / 4h	31m 35s	$17.8M	$30.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.184%Rate

Funding earned: $73.12
Price spread: −0.184% → +0.017%: −$20.06
Slippage, 4 orders: −$55.36
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$28.31
Costs to cover: 0.814%
Break-even: 9.7 days

Slippage from Gate: live order book, 2 min ago; Bybit: live order book, 2 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, 2 min ago	2.50 bp	26.6 bp −$27	186.9 bp −$1,869	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	1.67 bp	17.4 bp −$17	51.7 bp −$517	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	0.5975	−0.095%	$237K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−0.192%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5972	−0.150%	$20K	$435K	20x	as long as short
Gate PONS_USDTlong	+0.0100%	4h	0.5981	long leg	$5.3M	$6.3M	20x
ApeX Omni PONSUSDT	+0.0100%	1h	0.6004	+0.383%	$34K	$349K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5991	+0.167%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5995	+0.234%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5982	+0.025%	$26K	$528K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6010	+0.483%	$65K	$512K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5978	−0.050%	$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 PONS	+0.0104%	1h	0.5988	+0.114%	$1.6M	$884K	3x	as long as short
Variational Omni PONS	+0.0223%	4h	0.5936	−0.745%	$1.4M	$4.0M	—	as long as short
Aevo PONS-PERP	+0.0224%	1h	0.5982	+0.025%	$373	—	3x	as long as short
Nado PONS-PERP	+0.0225%	1h	0.5973	−0.132%	$70K	$129K	5x	as long as short
OKX PONS-USDT-SWAP	+0.0306%	4h	0.5969	−0.201%	$13.6M	$54.7M	20x	as long as short
Lighter RH PONS	+0.0344%	1h	0.5988	+0.115%	$402K	$2.5M	3x	as long as short
Aster PONSUSDT	+0.0437%	4h	0.5982	+0.022%	$1.1M	$2.1M	20x	as long as short
Bybit PONSUSDTshort	+0.0448%	4h	0.5970	−0.184%	$17.8M	$30.8M	20x
Bitget PONSUSDT	+0.0454%	4h	0.5985	+0.065%	$4.6M	$11.5M	20x	as long as short
BingX PONS-USDT	+0.0518%	4h	0.5978	−0.050%	—	$3.0M	—	as long as short
edgeX PONSUSDC	+0.0559%	4h	0.5950	−0.526%	$18K	$293K	10x	as long as short
MEXC PONS_USDT	+0.0564%	4h	0.5987	+0.100%	$7.6M	$4.7M	20x	as long as short
Extended PONS-USD	+0.0568%	1h	0.5982	+0.024%	$107K	$809K	5x	as long as short
Binance PONSUSDT	+0.0572%	4h	0.5973	−0.134%	$39.2M	$94.9M	20x	as long as short
KuCoin PONSUSDTM	+0.0626%	4h	0.5984	+0.047%	$1.6M	$3.7M	20x	as long as short
Hyperliquid PONS	+0.0719%	1h	0.5991	+0.171%	$61.0M	$27.8M	3x	as long as short
BloFin PONS-USDT	+0.0796%	4h	0.5993	+0.201%	$1.7M	$956K	20x	as long as short
Pacifica PONS	+0.0859%	1h	0.5987	+0.100%	$47K	$67K	3x	as long as short
Polymarket Perps PONS-USD	+0.0918%	1h	0.5986	+0.075%	$66K	$1.6M	3x	as long as short
Phoenix PONS	+0.1736%	1h	0.5945	−0.599%	$31K	$104K	3x	as long as short