PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0430%/8h= +47.1% APRnext payment +$2.15 per $10,000 · paid last 24h −0.027%

Price spread now: edgeX against Gate−0.003%82s7-day average +0.062% · you buy dearer than you sell

Net, funding: paid 7d − costs−$103as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$970.973% of the position

Long on Gate Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.053%−$5 on $10k

Price spread, last 4 days (all we have)+0.371%+$37 · spread now −0.003%, 7d avg +0.062%

Together, before fees+0.318%+ Points / potential airdropedgeX: Active · farm board+$32 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.065% cheaper against Gate than usual: you would sell low and buy high (spread −0.003% now, against its 7-day average of +0.062%). If the spread goes back, that is −$7 on $10k: about 12 hours of funding at the current rate (+$13 a day). Mind the row above: over the last 7 days funding on this pair cost −0.053%, so the current rate has only just turned in your favour. The two prices were read 82 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.053% in total (about -2.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.15 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	0.5934	0.0100	pay 0.0050% / 4h	54m 02s	$5.2M	$6.2M	20x
Short	edgeX PONSUSDC	0.5934	0.0530	get 0.0265% / 4h	54m 02s	$18K	$292K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.003%Rate

Funding earned: $90.3
Price spread: −0.003% → +0.062%: −$6.54
Slippage, 4 orders: −$73.34
Fee Gate: 7.5 bp × 2 orders: −$15
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$13.58
Costs to cover: 0.973%
Break-even: 8.1 days

Slippage from Gate: live order book, 4 min ago; edgeX: 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	2.54 bp	26.2 bp −$26	216.7 bp −$2,167	doesn't fit	doesn't fit
Sell edgeX live order book, 4 min ago	11.84 bp	22.0 bp −$22	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	0.5924	−0.176%	$235K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	+0.598%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.5934	0.000%	$21K	$434K	20x	as long as short
Gate PONS_USDTlong	+0.0100%	4h	0.5934	long leg	$5.2M	$6.2M	20x
ApeX Omni PONSUSDT	+0.0100%	1h	0.5932	−0.030%	$34K	$351K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.5937	+0.057%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.5936	+0.025%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.5932	−0.029%	$26K	$524K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.5945	+0.179%	$63K	$511K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.5927	−0.118%	$1.6M	$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	+0.0120%	1h	0.5930	−0.069%	$1.6M	$877K	3x	as long as short
Variational Omni PONS	+0.0189%	4h	0.5947	+0.219%	$1.4M	$3.9M	—	as long as short
Aevo PONS-PERP	+0.0216%	1h	0.5930	−0.075%	$369	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0339%	4h	0.5932	−0.034%	$13.5M	$54.3M	20x	as long as short
Aster PONSUSDT	+0.0401%	4h	0.5933	−0.024%	$1.1M	$2.1M	20x	as long as short
Nado PONS-PERP	+0.0404%	1h	0.5937	+0.048%	$70K	$129K	5x	as long as short
Bitget PONSUSDT	+0.0444%	4h	0.5936	+0.040%	$4.6M	$11.5M	20x	as long as short
Lighter RH PONS	+0.0456%	1h	0.5930	−0.069%	$405K	$2.4M	3x	as long as short
Bybit PONSUSDT	+0.0466%	4h	0.5932	−0.034%	$17.7M	$30.7M	20x	as long as short
BingX PONS-USDT	+0.0494%	4h	0.5937	+0.051%	—	$3.0M	—	as long as short
Extended PONS-USD	+0.0528%	1h	0.5931	−0.045%	$106K	$808K	5x	as long as short
Binance PONSUSDT	+0.0530%	4h	0.5937	+0.059%	$39.0M	$94.9M	20x	as long as short
MEXC PONS_USDT	+0.0530%	4h	0.5934	0.000%	$7.5M	$4.7M	20x	as long as short
edgeX PONSUSDCshort	+0.0530%	4h	0.5934	−0.003%	$18K	$292K	10x
KuCoin PONSUSDTM	+0.0534%	4h	0.5936	+0.032%	$1.6M	$3.7M	20x	as long as short
BloFin PONS-USDT	+0.0771%	4h	0.5933	−0.017%	$1.7M	$954K	20x	as long as short
Hyperliquid PONS	+0.0830%	1h	0.5935	+0.017%	$60.4M	$27.7M	3x	as long as short
Pacifica PONS	+0.0859%	1h	0.5935	+0.019%	$47K	$67K	3x	as long as short
Polymarket Perps PONS-USD	+0.0926%	1h	0.5933	−0.025%	$67K	$1.6M	3x	as long as short
Phoenix PONS	+0.1639%	1h	0.5918	−0.265%	$31K	$104K	3x	as long as short