Funding you earn now, next payment 04:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h −0.027%
Price spread now: Extended against Gate+0.072%7-day average +0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$92as in the Funding arb table
Net, price: spread back to 7d avg − costs−$92as in the Price arb table
costs, in and out, $10k−$960.962% of the position
Funding, last 7 days+0.045%+$4 on $10k
+Price spread, last 4 days (all we have)−0.039%−$4 · spread now +0.072%, 7d avg +0.032%
=Together, before fees+0.005%+ Points / potential airdropExtended: Active · farm board+$1 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 Extended is 0.040% dearer against Gate than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.032%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate PONS_USDT | 0.5998 | 0.0504 | pay 0.0252% / 4h | 5m 06s | $5.2M | $6.4M | 20x |
| Short | Extended PONS-USD | 0.6002 | 0.0600 | get 0.0075% / 1h | 5m 06s | $108K | $813K | 5x |
Gate PONS_USDT
Extended PONS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Gate. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $20.16
- Price spread: +0.072% → +0.032%
- $3.98
- Slippage, 4 orders
- −$76.2
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$72.07
- Costs to cover
- 0.962%
- Break-even
- 32.0 days
Slippage from Gate: live order book, 3 min ago; Extended: live order book, 53 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, 3 min ago | 2.50 bp | 19.2 bp −$19 | 172.4 bp −$1,724 | doesn't fit | doesn't fit |
| Sell Extended live order book, 53 min ago | 13.20 bp | 27.6 bp −$28 | 188.7 bp −$1,887 | 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 | 0.5995 | −0.044% | $238K | — | 150x | as long as short |
| Injective PONS/USDC PERP | +0.0033% | 1h | 0.5969 | −0.475% | $614 | $10K | 5.5x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.6004 | +0.100% | $21K | $435K | 20x | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.6014 | +0.273% | $34K | $345K | 5x | as long as short |
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.6004 | +0.102% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.6006 | +0.132% | — | $1.3M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.6002 | +0.068% | $26K | $536K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.6021 | +0.378% | $65K | $512K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.6006 | +0.133% | $1.6M | $3.2M | 20x | as long as short |
| Aevo PONS-PERP | +0.0232% | 1h | 0.6002 | +0.075% | $374 | — | 3x | as long as short |
gTrade (Gains Network) PONS/USD
Injective PONS/USDC PERP
Popdex PONSUSDT
ApeX Omni PONSUSDT
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDT
Aevo PONS-PERPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni PONS | +0.0283% | 4h | 0.6009 | +0.191% | $1.4M | $3.9M | — | as long as short |
| Nado PONS-PERP | +0.0304% | 1h | 0.6005 | +0.117% | $70K | $129K | 5x | as long as short |
| OKX PONS-USDT-SWAP | +0.0325% | 4h | 0.6004 | +0.100% | $13.6M | $55.3M | 20x | as long as short |
| Lighter PONS | +0.0352% | 1h | 0.6003 | +0.085% | $1.6M | $897K | 3x | as long as short |
| Aster PONSUSDT | +0.0445% | 4h | 0.6000 | +0.040% | $1.1M | $2.1M | 20x | as long as short |
| Lighter RH PONS | +0.0448% | 1h | 0.6003 | +0.087% | $420K | $2.6M | 3x | as long as short |
| Bitget PONSUSDT | +0.0486% | 4h | 0.6007 | +0.143% | $4.6M | $11.5M | 20x | as long as short |
| Bybit PONSUSDT | +0.0498% | 4h | 0.5996 | −0.033% | $17.9M | $30.9M | 20x | as long as short |
| Gate PONS_USDTlong | +0.0504% | 4h | 0.5998 | long leg | $5.2M | $6.4M | 20x | |
| BingX PONS-USDT | +0.0576% | 4h | 0.6001 | +0.050% | — | $3.0M | — | as long as short |
| Binance PONSUSDT | +0.0598% | 4h | 0.6004 | +0.100% | $39.3M | $95.4M | 20x | as long as short |
| Extended PONS-USDshort | +0.0600% | 1h | 0.6002 | +0.072% | $108K | $813K | 5x | |
| MEXC PONS_USDT | +0.0600% | 4h | 0.6002 | +0.067% | $7.6M | $4.8M | 20x | as long as short |
| edgeX PONSUSDC | +0.0616% | 4h | 0.6003 | +0.090% | $18K | $293K | 10x | as long as short |
| KuCoin PONSUSDTM | +0.0692% | 4h | 0.6001 | +0.052% | $1.7M | $3.8M | 20x | as long as short |
| Hyperliquid PONS | +0.0817% | 1h | 0.6001 | +0.058% | $61.3M | $28.4M | 3x | as long as short |
| BloFin PONS-USDT | +0.0838% | 4h | 0.6008 | +0.167% | $1.8M | $957K | 20x | as long as short |
| Pacifica PONS | +0.0859% | 1h | 0.6004 | +0.106% | $47K | $67K | 3x | as long as short |
| Polymarket Perps PONS-USD | +0.0862% | 1h | 0.6004 | +0.103% | $71K | $1.6M | 3x | as long as short |
| Phoenix PONS | +0.1736% | 1h | 0.6012 | +0.235% | $33K | $104K | 3x | as long as short |
Variational Omni PONS
Nado PONS-PERP
OKX PONS-USDT-SWAP
Lighter PONS
Aster PONSUSDT
Lighter RH PONS
Bitget PONSUSDT
Bybit PONSUSDT
BingX PONS-USDT
Binance PONSUSDT
MEXC PONS_USDT
edgeX PONSUSDC
KuCoin PONSUSDTM
Hyperliquid PONS
BloFin PONS-USDT
Pacifica PONS
Polymarket Perps PONS-USD
Phoenix PONS